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...
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...
Switchgear Market Growth Analysis Along with Key Industry Players
Latest report “Switchgear Market By Insulation (Gas Insulated, Air Insulated), By Installation (Indoor, Outdoor) By End-Users (T&D Utilities, Industries, Commercial & Residential, Others), By Voltage (Low, Medium, High), and Region – Global Forecast to 2025″
The switchgear market size will grow to USD 88.5 billion by 2025 (forecast year) from USD 67.5 billion in...
Switchgear Market Size to Grow at $88.5 billion by 2025 | Growing Investments in Renewable Energy to Aid Expansion
New Revenue Pockets:
According to our new research, The global switchgear market is projected to reach USD 88.5 billion by 2025 from an estimated USD 67.5 billion in 2020, at a post COVID-19 CAGR of 5.5% during the forecast period. Replacement of aging power infeastructure along with growing investments in renewable energy is expected to drive the switchgear market. Furthermore, revival of investments...
Switchgear Market Set for Rapid Growth During 2020-2025 | ABB, Siemens, Schneider Electric, GE, Eaton
Global Switchgear Market Growth Status and Outlook 2020-2025
Latest research “Switchgear Market By Insulation (Gas Insulated, Air Insulated), By Installation (Indoor, Outdoor) By End-Users (T&D Utilities, Industries, Commercial & Residential, Others), By Voltage (Low, Medium, High), and Region – Global Forecast to 2025″ The switchgear market size will grow to USD...
Switchgear Market Expected to Witness the Highest Growth during 2020-2025
The global switchgear market is projected to reach USD 88.5 billion by 2025 from an estimated USD 67.5 billion in 2020, at a post COVID-19 CAGR of 5.5% during the forecast period. Replacement of aging power infeastructure along with growing investments in renewable energy is expected to drive the switchgear market. Furthermore, revival of investments in the construction sector is expected to further...
Switchgear Market 2024, Increasing Demand with Leading key players Schneider Electric, Siemens AG, ABB, General Electric, Eaton
The switchgear market is projected to reach USD 143.5 billion by 2024 from an estimated USD 102.6 billion in 2019, at a CAGR of 6.9%. As the global demand for electricity is increasing at a very high rate, to meet the rising power demands, new power plants are being installed at a rapid pace. This would drive the demand for switchgears.
The high voltage segment is expected to hold
the...