Medium voltage switchgear market to reach $60 B in 2029
The medium voltage switchgear market is projected to grow from $44.92 B in 2024 to $60 B in 2029, growing at a CAGR of 5.6 %.
#market growth
Switchgear monitoring system market to reach $2 B by 2033
The switchgear monitoring system market, valued at $ 1,26 B in 2022, is projected to reach $ 2.04 B by 2033 growing at a CAGR of 4.5 % from 2023 to 2033.
Global air-insulated switchgear market to go over $12.26 B by 2031
The global air-insulated switchgear market is estimated to reach over $12.26 B by 2031, exhibiting a CAGR of 5.20 % during the forecast period.
Air insulated switchgear market to reach $11.45 B by 2029
Growing at the CAGR of 7.4 %, the air insulated switchgear market is forecasted to experience robust growth.
Utility-scale switchgear market to reach $ 31.45 B by 2033
The utility-scale switchgear market, valued at $18.38 B in 2024, is projected to reach $31.45 B by 2033, growing at a CAGR of 6.15 % during the forecast period 2025-2033.
Innovative Switchgear Solutions Powering Data Centers and Underground Infrastructure
Will these megatrends create a shortage in Medium Voltage Gas-Insulated Switchgear (GIS) and Solid Insulated Switchgear (SIS)?
