US Paralleling Switchgear Market Summary
The US Paralleling Switchgear market is projected to grow from 300.6 million USD in 2024 to 495.2 million USD by 2035, reflecting a robust growth trajectory.
Key Market Trends & Highlights
US Paralleling Switchgear Key Trends and Highlights
- The market is expected to experience a compound annual growth rate (CAGR) of 4.64% from 2025 to 2035.
- By 2035, the market valuation is anticipated to reach 495.2 million USD, indicating substantial growth potential.
- In 2024, the market is valued at 300.6 million USD, laying a solid foundation for future expansion.
- Growing adoption of advanced energy management systems due to increasing demand for reliable power supply is a major market driver.
Market Size & Forecast
2024 Market Size | 300.6 (USD Million) |
2035 Market Size | 495.2 (USD Million) |
CAGR (2025-2035) | 4.64% |
Major Players
Crompton Greaves, Emerson Electric, Parker Hannifin, Legrand, ABB, Eaton, Southwire, Rockwell Automation, Rittal, Hitachi Energy, General Electric, Mitsubishi Electric, Honeywell, Siemens, Schneider Electric