Pars Switch

What Pars Switch does

Pars Switch (پارس سویچ) is an Iranian manufacturer of medium voltage (7.2-36 kV) and high voltage (72.5-420 kV) circuit breakers, disconnectors, load break switches, reclosers, and gas-insulated switchgear for power transmission and distribution networks. Founded in 1976 by Satkab in partnership with Alstom France and private shareholders, the company is headquartered in Zanjan, Iran, and operates through subsidiaries Zangan Part Qotr (parts manufacturing) and Zangan Pars (switchgear assembly). The product portfolio is built on technology transferred from Alstom France (1976), ABB Sweden (1995, high voltage 72.5-420 kV), and ABB-Calor Emag Germany (1999, 24 kV vacuum circuit breakers), with subsequent in-house R&D yielding products such as the LTB 420 kV SF6 breaker (type tested at KEMA and CESI), PVR24 recloser, NSA pantograph disconnectors up to 400 kV, and vacuum bottles rated 1250 A and 2500 A manufactured domestically. ISO 17025, ISO 9001, 14001, 45001 and EFQM certifications support international quality positioning.

Pars Switch generates revenue primarily through direct sales of capital equipment to government-owned electricity utilities, principally Tavanir (Iran Grid Management Company) and provincial electricity distribution companies, supplemented by sales to industrial customers such as Foolad Mobarakeh steel and South African Railway Industries. An after-sales service unit provides on-site maintenance, repair, and training, having serviced over 4,500 substations and approximately 12,000 devices over 20 years. Export sales are conducted through Iranian engineering contractors to markets including Iraq, South Africa, Qatar, Yemen, Bulgaria, and Macedonia. The company holds approximately 90% domestic market share with 80,000+ cumulative installed units, is publicly listed on the Tehran Stock Exchange, and is majority-owned by parent company Satkab. Recent strategic moves include a new electronic measurement equipment subsidiary, R&D partnership with ICT Tower Technology Park, and 200 kW rooftop solar installation on factory halls.

Name

Pars Switch

Legal name

Pars Switch

Website

https://parsswitch.com

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Power Transmission and Distribution Equipment

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Relay and Industrial Control Manufacturing (335314)

SIC

Switchgear & Switchboard Apparatus (3613), Instruments For Meas & Testing Of Electricity & Elec Signals (3825)

akta.pro primary industry

Switchgear & Switchboards (HV/MV/LV, GIS/AIS) (IMAGAAAB)

akta.pro secondary industries

Circuit Breakers, Disconnectors, Earthing Switches & Switchgear Components (EUADACAH), Medium-Voltage Distribution Components (MV breakers, disconnects, reclosers, MV terminations & joints) (IMAGAEAL), Testing, Commissioning, Maintenance & Retrofit/Modernization (Substations/Switchgear) (EUADACAL)

Keywords

• High voltage circuit breakers
• Medium voltage switchgear
• Gas insulated switchgear
• Electrical disconnectors
• Power transmission equipment

Headquarters

HQ city

Zanjan

HQ country

Iran

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. High Voltage Equipment Manufacturing: Manufacturing and sale of high voltage (72.5-420 kV) circuit breakers (LTB series) and disconnectors (NSA series pantograph disconnectors, PDS). Products are type tested internationally (KEMA, CESI) and sold primarily to Iranian electricity utilities (Tavanir, regional electricity distribution companies). Second export market includes Iraq and South Africa.
2. Medium Voltage Equipment Manufacturing: Manufacturing and sale of medium voltage (7.2-36 kV) circuit breakers, disconnectors, load break switches, ring main units, and reclosers for electricity distribution networks. Sold to utilities, industrial customers, and exported to regional markets.
3. After-Sales Service and Maintenance: After-sales service unit provides on-site repair, maintenance, periodic servicing, and testing of installed equipment. Over 20 years, visited 4,500 substations and serviced/tested approximately 12,000 devices. Spare parts supply and training services are bundled with product sales.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Pars Switch manufactures and sells medium and high voltage circuit breakers, disconnectors, and gas-insulated switchgear for power transmission and distribution networks. The company serves utilities, industrial plants, and infrastructure projects, with products that are internationally type tested. It also provides after-sales service and spare parts for its installed base.

Product overview

Pars Switch is a leading Iranian manufacturer of high and medium voltage electrical switchgear. The product portfolio comprises two main categories: High Voltage Products (72.5kV to 420kV circuit breakers and disconnectors including LTB series SF6 breakers, NSA pantograph disconnectors, HPL breakers) and Medium Voltage Products (12-36kV vacuum circuit breakers including VBP and VP4E series, load break switches LBS-P, gas insulated switchgear PGL, ring main units, reclosers PVR24). The company leverages technology from Alstom France, ABB Sweden, and Calor-Emag Germany, and holds approximately 90% of the domestic Iranian market share for power switches.

Differentiator

Problem solved

Functional benefit

Products and services

• High voltage circuit breakers

Quantifiable outcome

• Nearly 90% domestic market share in power circuit breakers and disconnectors
• +4 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature11 records

Partnerships

Six partnerships are on record, tiered core and minor.

• SATCO (ساتکاب)coreStrategic or Co-development Partner · 1 January 2025SATCO (Shahid Sadoughi Power Plant Management Company) is the parent company that established Pars Switch in 1976 (Iranian year 1355) in partnership with Alstom France and private shareholders. SATCO continues to be the majority shareholder and parent organization. CEO Gholamreza Farsad is a member of SATCO's board of directors.
• ICT Tower Technology Park Zanjan / Zanjan University of Advanced StudiesminorStrategic or Co-development Partner · 1 January 2025Three-party agreement signed with presence of Dr. Hossein Afshin, Vice President for Science, Technology and Knowledge-Based Economy, involving investment in ICT Technology Tower and R&D development for electricity industry in Zanjan province, leveraging Article 11 of the Knowledge-Based Production Law.
• Zangan Electronic Sanj (زنگان الکترونیک سنجش)minorOthers · 1 January 2024Groundbreaking ceremony held for Zangan Electronic Sanj factory project. A new subsidiary company being established for electronic measurement/evaluation equipment.
• ABB-Calor Emag (Germany)coreTechnology or Integration · 1 January 1999In 1999 (Iranian year 1378), purchased technology for 24 kV vacuum circuit breakers from ABB-Calor Emag Germany. This technology became foundational for the company's vacuum interruption product line.
• ABB SwedencoreTechnology or Integration · 1 January 1995In 1995 (Iranian year 1374), purchased technology for manufacturing high voltage circuit breakers and disconnectors rated 72.5 to 420 kV from ABB Sweden. Production of high voltage products began in 1996. ABB conducted type tests for products including HPL 245 and LTB 245 series.
• Alstom (France)coreTechnology or Integration · 1 January 1976Technology transfer partner from founding in 1976 (Iranian year 1355). Contract included license to manufacture HL620 semi-oil circuit breakers (24 kV) and load break disconnectors. In 1989 (Iranian year 1368), additional technology for 24 kV gas circuit breakers was purchased from Alstom. Initial founding partner alongside SATCO and private shareholders.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Hyundai Electric & Energy Systems: Korean manufacturer of HV and MV switchgear, transformers, and substation equipment. Direct competitor in HV circuit breakers and disconnectors, with growing presence in Middle East and African markets where Pars Switch exports.
• Schneider Electric: Major MV switchgear and ring main unit (RMU) manufacturer with strong industrial customer overlap. Comparable through products like RMUs and MV breakers that overlap with Pars Switch's medium-voltage portfolio.
• ABB (Hitachi Energy): Global leader in HV and MV switchgear (including GIS and circuit breakers), with broad substation and grid automation portfolios. Directly comparable to Pars Switch as the original licensor of Pars Switch's HV technology (ABB Sweden, 1995), and competing in the same product categories in non-sanctioned markets.
• GE Vernova (Grid Solutions): Supplies HV/MV switchgear, circuit breakers, and substation solutions globally. Directly comparable in product scope and customer base (utilities, industrial plants), competing for similar grid infrastructure tenders in Africa and the Middle East where Pars Switch exports.
• Siemens Energy: Manufactures HV circuit breakers, disconnectors, and GIS switchgear across all voltage classes (up to 550 kV and beyond). Direct product overlap with Pars Switch's HV switchgear portfolio and competes in international tenders where Pars Switch also exports.
• Lucy Electric: Specialist MV switchgear and ring main unit manufacturer serving utilities and industrial customers in emerging markets. Direct comparable in MV product portfolio and target geographies (Middle East, Africa, South Asia).
• Eaton: Supplies MV switchgear, vacuum circuit breakers, and power distribution equipment to utilities and industrial customers. Comparable to Pars Switch's medium-voltage and industrial-customer segments.

Regional players

• Tavanchin (Iran Transfo group / Transformer manufacturers in Iran): Iranian transformer and electrical equipment manufacturer partnering with Pars Switch on HV laboratory testing. Operates in the same Iranian domestic market, serving the same state-owned utility customers with adjacent (transformer) products.

Broad incumbents

• Alstom (Grid business, now Hitachi Energy): Original technology licensor of Pars Switch's medium-voltage circuit breaker technology (1976/1989) and broader rail/infrastructure conglomerate. Operates as a broader incumbent across rail, signaling, and grid, with switchgear as one segment, comparable to Pars Switch's original technology base.

Emerging players

• Pinggao Group (Pinggao Electric / TBE): Chinese HV switchgear and GIS manufacturer offering competitive alternatives in emerging markets including the Middle East and Africa. Comparable product portfolio across HV circuit breakers and disconnectors at competitive price points, increasingly competing in export markets where Pars Switch operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pars-switch

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pars Switch