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Global Switchgear Market Size is to Reach USD 8.9 Billion by 2035, with a 5.1% CAGR Growth, Driven by Power Infrastructure Expansion | FMI [Yahoo! Finance]
Last ge aerospace earnings: 4/30 04:02 pm
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Over the last few years, the switchgear market has grown slowly. Switchgear market expansion is expected to continue as energy demand rises. New regulations to reduce/limit power outages and strengthen power distribution networks are creating a switchgear market for power sector machinery. The equipment to make wiser decisions by offering real-time information that reveals problems and potential improvements is the primary driver of the switchgear market. NEWARK, Del, March 24, 2025 (GLOBE NEWSWIRE) -- The global Switchgear Market is projected to grow from USD 5.4 billion in 2025 to USD 8.9 billion by 2035 , expanding at a CAGR of 5.1% during the forecast period. This growth is driven by increasing investments in power infrastructure, rising demand for reliable electricity distribution, and advancements in smart grid technology. The global switchgear market is set to witness robust growth from 2025 to 2035, driven by the rising demand for electricity, rapid urbanization, industria
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