Switchgear Market Size, Share, Trends and Future Growth Predictions till 2028
New Revenue Pockets:
The global switchgear market is projected to reach USD 119.9 billion by 2028, showing a growth from the estimated USD 93.1 billion in 2023, with a compound annual growth rate (CAGR) of 5.2% from 2023 to 2028. The switchgear market is expected to grow due to enhanced power distribution infrastructure, increased renewable energy capacity, and industrial production investments....
Gas Insulated Switchgear Market worth $31.3 Billion by 2027
The
global Gas Insulated Switchgear Market is projected to grow from USD 23.1 billion in 2022 to USD 31.3 billion
by 2027, at a CAGR of 6.3% according to a new report by MarketsandMarkets™. The Gas Insulated Switchgear Market is expected to witness
significant growth during the forecast period, owing to the power distribution
infrastructure, which is expected to strengthen in the upcoming years...
Gas-insulated Switchgear Market to Witness Revolutionary Growth by 2025
The global gas-insulated
switchgear market is projected to grow from USD 16.9 billion in 2020 to USD
26.5 billion by 2025, at a CAGR of 9.5%. The growing investments in renewable
energy and government initiatives to reduce carbon emissions is likely to drive
the market for gas-insulated switchgear market globally. Also, the expansion of
electrical grids due to the growing industrialization and urbanization...
Gas-insulated Switchgear Market is Booming Worldwide with ABB, Schneider Electric, Siemens, Eaton, and General Electric.
The global gas-insulated
switchgear market is projected to grow from USD 16.9 billion in 2020 to USD
26.5 billion by 2025, at a CAGR of 9.5%. The growing investments in renewable
energy and government initiatives to reduce carbon emissions is likely to drive
the market for gas-insulated switchgear market globally. Also, the expansion of
electrical grids due to the growing industrialization and urbanization...
Gas-insulated Switchgear Market Size to Grow $26.5 Billion by 2025, At CAGR of 9.5%
The global Gas-Insulated
Switchgear Market is projected to grow from USD 16.9 billion in 2020 to USD
26.5 billion by 2025, at a CAGR of 9.5% from 2020 to 2025. The factors driving
market growth are the growing investments in renewable energy and government
initiatives to reduce carbon emissions along with the expansion of electrical
grids due to the growing industrialization and urbanization.
A global...
Gas-insulated Switchgear Market Size to Reach $26.5 Billion by 2025
The global Gas-Insulated
Switchgear Market is projected to grow from USD 16.9 billion in 2020 to USD
26.5 billion by 2025, at a CAGR of 9.5%. The factors driving market growth are
the growing investments in renewable energy and government initiatives to reduce
carbon emissions along with the expansion of electrical grids due to the
growing industrialization and urbanization.
A global increase in...