Switchgear Market Size to Hit $119.9 billion by 2028
According to a research report “Switchgear Market by Insulation (Gas-insulated, Air-insulated), 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 2028″ published by MarketsandMarkets, the market size for switchgear is projected to reach approximately USD 119.9 billion by the...
The Switchgear Market: A Growing Industry Driven by Increasing Demand for Power Distribution and Transmission
The switchgear market is a rapidly growing industry, driven by the increasing demand for power distribution and transmission infrastructure. According to a report by MarketsandMarkets, the switchgear market is expected to grow from $90.9 billion in 2022 to $120.1 billion by 2027, at a CAGR of 5.7% during the forecast period.
Switchgear is a type of electrical equipment used in power systems to...