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....
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...
Synchronous Condenser Market worth $811 Million by 2030
The global Synchronous Condenser Market is
projected to grow from USD 661 million in 2022 to USD 811 million by 2030, at a
CAGR of 2.6% according to a new report by MarketsandMarkets™. Synchronous
condensers ensure a stable supply to the transmission grid. They can also
supply and absorb reactive power and deliver voltage support and dynamic
regulation. In addition, many renewable resources are...
Synchronous Condenser Market Projected to Reach $574.0 Million by 2025
The global Synchronous
Condenser Market is expected to grow from an estimated USD 508.4 million in
2020 to USD 574.0 million by 2025, at a CAGR of 2.5% during the forecast period.
Long service life, growth of the renewable energy sector, and an increasing
need for power factor correction are driving the growth of the global industry.
Existing and planned upgrades and expansion of High-Voltage Direct...
Synchronous Condenser Market Size to Reach $574.0 Million by 2025
The global Synchronous
Condenser Market is projected to reach USD 574.0 million by 2025 from an
estimated USD 508.4 million in 2020, at a CAGR of 2.5% during the forecast
period. Long service life, growth of the renewable energy sector, and an
increasing need for power factor correction are driving the growth of the
global industry. Existing and planned upgrades and expansion of High-Voltage
Direct...
Synchronous Condenser Market to be $574.0 Million by 2025
According to the new market research report “Synchronous Condenser Market by Cooling Type (Hydrogen, Air, Water), Type (New & Refurbished), Starting Method (Static Frequency Converter, Pony Motor), End User (Electrical Utilities & Industries), Reactive Power Rating, and Region-Global Forecast to 2025 “, published by MarketsandMarkets™, the global Synchronous Condenser Market...