Switchgear Market Demand – Historical and Future Challenges
New Revenue Pockets:
The global switchgear market is expected to reach USD 120.1 billion by 2027 from an estimated USD 90.9 billion in 2022, at a CAGR of 5.7% from 2022 to 2027. The growing integration of renewables in the power mix and the need to upgrade grid infrastructure are expected to lead to the rising demand for switchgear. With the dominance of IT and cloud-based operations, the...
Switchgear Market Revenue is Anticipated to Reach $120.1 billion by 2027
The report “Switchgear Market by Insulation (Gas-insulated Switchgears, Air-insulated Switchgears), Installation (Indoor, Outdoor), Current (AC, DC), Voltage (Low (up to 1 kV), Medium (2-36 kV), High (Above 36 kV), End User and Region – Global Forecast to 2027″ published by MarketsandMarkets, the switchgear market size is estimated to be USD 120.1 billion by 2027 (forecast...