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Utility Scale Switchgear Market Size
- Report ID: GMI5665
- Published Date: May 2023
- Report Format: PDF
Utility Scale Switchgear Market Size
Utility Scale Switchgear Market size surpassed USD 73.8 billion in 2022 and is anticipated to expand at 7.4% CAGR from 2023 to 2032 on account of the growing demand for effective T&D control systems.
Global switchgear market is projected to cross USD 242 billion revenue by 2030. Rising demand for refurbishment of prevailing electrical setup coupled with growing investments across the grid infrastructure will complement the business potential. Lack of efficient and reliable electric network across the developing nations along with a shift toward the development of existing infrastructure across developed countries have further integrated a favourable industry scenario.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Utility Scale Switchgear Market Size in 2022: | USD 73.8 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 7.4% |
| 2032 Value Projection: | USD 151.6 Billion |
| Historical Data for: | 2019 to 2022 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 468 |
| Segments covered: | Voltage, Installation and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Utility Scale Switchgear Market Scope
