The global market for Parallel Trip Switch was valued at US$ 1498 million in the year 2024 and is projected to reach a revised size of US$ 1852 million by 2031, growing at a CAGR of 3.1% during the forecast period.
The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Parallel Trip Switch competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.
A parallel trip switch is an electrical safety device that is used to simultaneously cut off the power supply to multiple parallel circuits or devices when abnormal conditions (such as overload, short circuit or leakage) are detected in the circuit to prevent the accident from expanding or equipment damage. Its core function is to achieve unified protection and control of multiple branches through parallel connection.
North American market for Parallel Trip Switch is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Parallel Trip Switch is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Parallel Trip Switch include Schneider Electric, ABB, Siemens, Eaton, LSIS, General Electric, Rockwell Automation, Mitsubishi Electric, Phoenix Contact, BEP Marine, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Parallel Trip Switch, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Parallel Trip Switch.
The Parallel Trip Switch market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Parallel Trip Switch market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Parallel Trip Switch manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Company
Schneider Electric
ABB
Siemens
Eaton
LSIS
General Electric
Rockwell Automation
Mitsubishi Electric
Phoenix Contact
BEP Marine
Chint Electric
Delixi Electric
Changshu Switch
Ningxin Electric
Renmin Electric
Zhejiang Kripal Electric
Zhejiang Zhongyihao Technology
Segment by Type
Thermal Magnetic
Electronic
Segment by Application
Industrial Manufacturing
Construction Industry
Medical Industry
Transportation Industry
Other
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Southeast Asia
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East and Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Parallel Trip Switch manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Parallel Trip Switch by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Parallel Trip Switch in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Parallel Trip Switch Market Overview
1.1 Product Definition
1.2 Parallel Trip Switch by Type
1.2.1 Global Parallel Trip Switch Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Thermal Magnetic
1.2.3 Electronic
1.3 Parallel Trip Switch by Application
1.3.1 Global Parallel Trip Switch Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Industrial Manufacturing
1.3.3 Construction Industry
1.3.4 Medical Industry
1.3.5 Transportation Industry
1.3.6 Other
1.4 Global Market Growth Prospects
1.4.1 Global Parallel Trip Switch Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Parallel Trip Switch Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Parallel Trip Switch Production Estimates and Forecasts (2020-2031)
1.4.4 Global Parallel Trip Switch Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Parallel Trip Switch Production Market Share by Manufacturers (2020-2025)
2.2 Global Parallel Trip Switch Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Parallel Trip Switch, Industry Ranking, 2023 VS 2024
2.4 Global Parallel Trip Switch Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Parallel Trip Switch Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Parallel Trip Switch, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Parallel Trip Switch, Product Offered and Application
2.8 Global Key Manufacturers of Parallel Trip Switch, Date of Enter into This Industry
2.9 Parallel Trip Switch Market Competitive Situation and Trends
2.9.1 Parallel Trip Switch Market Concentration Rate
2.9.2 Global 5 and 10 Largest Parallel Trip Switch Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Parallel Trip Switch Production by Region
3.1 Global Parallel Trip Switch Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Parallel Trip Switch Production Value by Region (2020-2031)
3.2.1 Global Parallel Trip Switch Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Parallel Trip Switch by Region (2026-2031)
3.3 Global Parallel Trip Switch Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Parallel Trip Switch Production Volume by Region (2020-2031)
3.4.1 Global Parallel Trip Switch Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Parallel Trip Switch by Region (2026-2031)
3.5 Global Parallel Trip Switch Market Price Analysis by Region (2020-2025)
3.6 Global Parallel Trip Switch Production and Value, Year-over-Year Growth
3.6.1 North America Parallel Trip Switch Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Parallel Trip Switch Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Parallel Trip Switch Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Parallel Trip Switch Production Value Estimates and Forecasts (2020-2031)
3.6.5 South Korea Parallel Trip Switch Production Value Estimates and Forecasts (2020-2031)
4 Parallel Trip Switch Consumption by Region
4.1 Global Parallel Trip Switch Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Parallel Trip Switch Consumption by Region (2020-2031)
4.2.1 Global Parallel Trip Switch Consumption by Region (2020-2025)
4.2.2 Global Parallel Trip Switch Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Parallel Trip Switch Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Parallel Trip Switch Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Parallel Trip Switch Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Parallel Trip Switch Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Parallel Trip Switch Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Parallel Trip Switch Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Parallel Trip Switch Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Parallel Trip Switch Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Parallel Trip Switch Production by Type (2020-2031)
5.1.1 Global Parallel Trip Switch Production by Type (2020-2025)
5.1.2 Global Parallel Trip Switch Production by Type (2026-2031)
5.1.3 Global Parallel Trip Switch Production Market Share by Type (2020-2031)
5.2 Global Parallel Trip Switch Production Value by Type (2020-2031)
5.2.1 Global Parallel Trip Switch Production Value by Type (2020-2025)
5.2.2 Global Parallel Trip Switch Production Value by Type (2026-2031)
5.2.3 Global Parallel Trip Switch Production Value Market Share by Type (2020-2031)
5.3 Global Parallel Trip Switch Price by Type (2020-2031)
6 Segment by Application
6.1 Global Parallel Trip Switch Production by Application (2020-2031)
6.1.1 Global Parallel Trip Switch Production by Application (2020-2025)
6.1.2 Global Parallel Trip Switch Production by Application (2026-2031)
6.1.3 Global Parallel Trip Switch Production Market Share by Application (2020-2031)
6.2 Global Parallel Trip Switch Production Value by Application (2020-2031)
6.2.1 Global Parallel Trip Switch Production Value by Application (2020-2025)
6.2.2 Global Parallel Trip Switch Production Value by Application (2026-2031)
6.2.3 Global Parallel Trip Switch Production Value Market Share by Application (2020-2031)
6.3 Global Parallel Trip Switch Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Schneider Electric
7.1.1 Schneider Electric Parallel Trip Switch Company Information
7.1.2 Schneider Electric Parallel Trip Switch Product Portfolio
7.1.3 Schneider Electric Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Schneider Electric Main Business and Markets Served
7.1.5 Schneider Electric Recent Developments/Updates
7.2 ABB
7.2.1 ABB Parallel Trip Switch Company Information
7.2.2 ABB Parallel Trip Switch Product Portfolio
7.2.3 ABB Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.2.4 ABB Main Business and Markets Served
7.2.5 ABB Recent Developments/Updates
7.3 Siemens
7.3.1 Siemens Parallel Trip Switch Company Information
7.3.2 Siemens Parallel Trip Switch Product Portfolio
7.3.3 Siemens Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Siemens Main Business and Markets Served
7.3.5 Siemens Recent Developments/Updates
7.4 Eaton
7.4.1 Eaton Parallel Trip Switch Company Information
7.4.2 Eaton Parallel Trip Switch Product Portfolio
7.4.3 Eaton Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Eaton Main Business and Markets Served
7.4.5 Eaton Recent Developments/Updates
7.5 LSIS
7.5.1 LSIS Parallel Trip Switch Company Information
7.5.2 LSIS Parallel Trip Switch Product Portfolio
7.5.3 LSIS Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.5.4 LSIS Main Business and Markets Served
7.5.5 LSIS Recent Developments/Updates
7.6 General Electric
7.6.1 General Electric Parallel Trip Switch Company Information
7.6.2 General Electric Parallel Trip Switch Product Portfolio
7.6.3 General Electric Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.6.4 General Electric Main Business and Markets Served
7.6.5 General Electric Recent Developments/Updates
7.7 Rockwell Automation
7.7.1 Rockwell Automation Parallel Trip Switch Company Information
7.7.2 Rockwell Automation Parallel Trip Switch Product Portfolio
7.7.3 Rockwell Automation Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Rockwell Automation Main Business and Markets Served
7.7.5 Rockwell Automation Recent Developments/Updates
7.8 Mitsubishi Electric
7.8.1 Mitsubishi Electric Parallel Trip Switch Company Information
7.8.2 Mitsubishi Electric Parallel Trip Switch Product Portfolio
7.8.3 Mitsubishi Electric Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Mitsubishi Electric Main Business and Markets Served
7.8.5 Mitsubishi Electric Recent Developments/Updates
7.9 Phoenix Contact
7.9.1 Phoenix Contact Parallel Trip Switch Company Information
7.9.2 Phoenix Contact Parallel Trip Switch Product Portfolio
7.9.3 Phoenix Contact Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Phoenix Contact Main Business and Markets Served
7.9.5 Phoenix Contact Recent Developments/Updates
7.10 BEP Marine
7.10.1 BEP Marine Parallel Trip Switch Company Information
7.10.2 BEP Marine Parallel Trip Switch Product Portfolio
7.10.3 BEP Marine Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.10.4 BEP Marine Main Business and Markets Served
7.10.5 BEP Marine Recent Developments/Updates
7.11 Chint Electric
7.11.1 Chint Electric Parallel Trip Switch Company Information
7.11.2 Chint Electric Parallel Trip Switch Product Portfolio
7.11.3 Chint Electric Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Chint Electric Main Business and Markets Served
7.11.5 Chint Electric Recent Developments/Updates
7.12 Delixi Electric
7.12.1 Delixi Electric Parallel Trip Switch Company Information
7.12.2 Delixi Electric Parallel Trip Switch Product Portfolio
7.12.3 Delixi Electric Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Delixi Electric Main Business and Markets Served
7.12.5 Delixi Electric Recent Developments/Updates
7.13 Changshu Switch
7.13.1 Changshu Switch Parallel Trip Switch Company Information
7.13.2 Changshu Switch Parallel Trip Switch Product Portfolio
7.13.3 Changshu Switch Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Changshu Switch Main Business and Markets Served
7.13.5 Changshu Switch Recent Developments/Updates
7.14 Ningxin Electric
7.14.1 Ningxin Electric Parallel Trip Switch Company Information
7.14.2 Ningxin Electric Parallel Trip Switch Product Portfolio
7.14.3 Ningxin Electric Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Ningxin Electric Main Business and Markets Served
7.14.5 Ningxin Electric Recent Developments/Updates
7.15 Renmin Electric
7.15.1 Renmin Electric Parallel Trip Switch Company Information
7.15.2 Renmin Electric Parallel Trip Switch Product Portfolio
7.15.3 Renmin Electric Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Renmin Electric Main Business and Markets Served
7.15.5 Renmin Electric Recent Developments/Updates
7.16 Zhejiang Kripal Electric
7.16.1 Zhejiang Kripal Electric Parallel Trip Switch Company Information
7.16.2 Zhejiang Kripal Electric Parallel Trip Switch Product Portfolio
7.16.3 Zhejiang Kripal Electric Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.16.4 Zhejiang Kripal Electric Main Business and Markets Served
7.16.5 Zhejiang Kripal Electric Recent Developments/Updates
7.17 Zhejiang Zhongyihao Technology
7.17.1 Zhejiang Zhongyihao Technology Parallel Trip Switch Company Information
7.17.2 Zhejiang Zhongyihao Technology Parallel Trip Switch Product Portfolio
7.17.3 Zhejiang Zhongyihao Technology Parallel Trip Switch Production, Value, Price and Gross Margin (2020-2025)
7.17.4 Zhejiang Zhongyihao Technology Main Business and Markets Served
7.17.5 Zhejiang Zhongyihao Technology Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Parallel Trip Switch Industry Chain Analysis
8.2 Parallel Trip Switch Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Parallel Trip Switch Production Mode & Process Analysis
8.4 Parallel Trip Switch Sales and Marketing
8.4.1 Parallel Trip Switch Sales Channels
8.4.2 Parallel Trip Switch Distributors
8.5 Parallel Trip Switch Customer Analysis
9 Parallel Trip Switch Market Dynamics
9.1 Parallel Trip Switch Industry Trends
9.2 Parallel Trip Switch Market Drivers
9.3 Parallel Trip Switch Market Challenges
9.4 Parallel Trip Switch Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Schneider Electric
ABB
Siemens
Eaton
LSIS
General Electric
Rockwell Automation
Mitsubishi Electric
Phoenix Contact
BEP Marine
Chint Electric
Delixi Electric
Changshu Switch
Ningxin Electric
Renmin Electric
Zhejiang Kripal Electric
Zhejiang Zhongyihao Technology
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*If Applicable.