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...
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...
Global Switchgear Market Leads with Comprehensive Gross Margin by 2022: Leading Companies ABB Ltd., General Electric Company, Siemens AG, EATON CORPORATION plc, Hitachi Ltd., Schneider Electric SE, Mitsubishi Electric Corporation
The report” Switchgear Market by Voltage (< 1 KV, 1–36 KV, 36–72.5 KV, > 72.5 KV), End-User (Transmission & Distribution Utilities and Manufacturing & Process Industries), Equipment (Gas Insulated, Air Insulated, and Circuit Breakers) – Global Forecast to 2022”
The switchgear market is expected to grow at a CAGR of 7.12%, from 2017 to 2022, to reach a market size of USD...