Paralleling Switchgear: Why Your Business Needs to be Aware of the Trends in this Industry?

Highlights:   

• What is paralleling?
• Paralleling switchgears in modern electrical systems
• Parallel switchgears and their demand in developing countries
• Latest developments in the industry

Why has the concept of paralleling gained so much traction in recent years?

Paralleling is a concept in electrical engineering wherein two or more power sources are connected and synchronized to a common bus. Thus, paralleling is used when wattage provided to the system needs to be multiplied. Apart from this, paralleling has also become popular owing to its ability to offer reliability and flexibility in load management. This is because even if one power source fails, the other keeps the systems up and running. The load sharing, fault tolerance, protection, and metering abilities of paralleling make it one of the most widely used systems in the electrical industry. Apart from reliability and flexibility, paralleling is also widely used as expansion of the electrical system becomes easier. Furthermore, management of the system and servicing of the components also becomes simpler.

Role of paralleling switchgears in modern electrical systems

Paralleling switchgears are integrated systems used to control power distribution systems by employing several components related to protection, control, and metering. With the help of these components, paralleling switchgears performs several functions. For instance, paralleling switchgears are necessary for ensuring the safety of the power distribution system. Also, it is the job of paralleling switchgear to warrant accurate load management; it does so by setting meters for power monitoring. Along with this, switchgears regulate distribution of electrical power though various systems. Thus, apart from the primary switching function, paralleling switchgears play an important role in ensuring the stability and smooth functioning of the electrical system.

Due to the critical role played by paralleling switchgears, they form an essential component of major electrical systems used in different sectors. In fact, certain jurisdictions legally mandate the use of paralleling switchgears in certain systems such as standby systems, emergency systems, critical operations power systems (COPS), etc.

Growing demands from developing economies

The rapid pace of industrialization in the developing countries of the world has been a characteristic feature of the 21st century. This is especially true for countries in the Asia-Pacific region. Furthermore, along with industrialization, countries in the Asia-Pacific region have witnessed massive population growth which has led to a surge in demands for electricity generation and power distribution. Also, there is a growing demand for automobiles and massive expansion of the heavy machinery manufacturing sector. All these factors combined have resulted in a tremendous rise in the demand for paralleling switchgears across the Asia-Pacific region. In fact, this region accounted for 48% of the total revenue of the global paralleling switchgear industry in 2022. Naturally, China and India are the biggest contributors to the growth of the industry in this region.

At the same time, countries in Europe are witnessing escalation in demand for these switchgears due to advent of modern and advanced electrical systems. Development of renewable energy systems have also mandated use of paralleling switchgears. As a result of this, countries such as Spain, Italy, France, Germany have experienced a boost in the paralleling switchgear industry.

Latest developments in the paralleling switchgear industry

Almost all major companies in the electrical engineering sector operate in the paralleling switchgear industry. Multinational giants such as General Electric Company, Advanced Power Technologies, Schneider Electric SE., have already established their dominance in the industry by launching innovative products.

For instance, Schneider Electric, in May 2022, announced the launch of digitally enabled SureSeT MV Switchgears. As per the statement released by Schneider Electric, SureSeT MV Switchgears are designed for complex power distribution systems and offer enhanced operational safety. At the same time, the lifetime of this product is much longer as compared to traditional switchgears and has improved uptime which helps it to detect faults much earlier.

In October 2021, ASCO Power Technologies, a lead critical power equipment developer, announced the launch of an updated version of its Critical Power Management Appliances (CPMA). Under this series, the company will release the latest versions of its parallelling switchgears, transfer switches, and circuit breakers. The company has claimed that the new product line will help it to address the demands of the electrical systems industry in a much better way.

Apart from such innovative product launches, the parallelling switchgear industry has also witnessed mergers, acquisitions, partnerships, and collaborations among the leading companies to establish their dominance. For example, Power Grid Components, a leading electrical components company, announced the acquisition of Royal Switchgear, a switchgear and power connectors manufacturing company. As per the statement released by Power Grid Components, this acquisition will help the company to increase its foothold in the industry in the coming period.

To summarize, paralleling as a concept has gained widespread recognition across the electrical power distribution industry due to its advantages. Paralleling switchgear, being an essential component, is bound to witness a major rise in demand in the coming period. Furthermore, product launches and acquisitions by leading players will further strengthen the position of this industry.

To stay updated on the recent developments in the paralleling switchgear industry, feel free to contact us. 

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