#market

The laminated busbar market is experiencing impressive growth and is expected to reach an estimated $1325.05 B by 2032.

The global pad-mounted switchgear market size is projected to grow from $6.5 B in 2024 to $10.7 B during the forecast period from 2025 to 2034.

Growing at the CAGR of 5.3 %, the market is expected to reach $ 4.6 B by 2031.

The Current Transformer Market is set to grow from its current market value of more than $2 Billion to over $3.9 Billion by 2032.

Despite the positive outlook, the market faces challenges such as fluctuating raw material prices.

Mobile substations, which restore power quickly in emergencies, are rising in demand.