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...
Pad-Mounted Switchgear Market to Reach $7.2 Billion by 2024
The global pad-mounted switchgear market is projected to reach USD 7.2 billion by 2024 from an
estimated market size of USD 5.5 billion in 2019, at a CAGR of 5.4% during the
forecast period. The factors driving the market include increasing investments
in distribution infrastructure to meet the growing electricity demand along
with investments in underground distribution due to functional and aesthetic
advantages....