Switchgear Market to Cross $ 155 Billion by 2025
Strict environmental regulations along with increasing focus towards conservation of energy to drive global switchgear market through 202 5 According to TechSci Research report, “ Global Switchgear Market By Insulation, By Installation, By Voltage, By Product, By End User, By Region, Competition, Forecast & Opportunities, 2025” , the global switchgear market is projected to surpass $ 155 billion by 2025 on account of increasing demand for electricity, growing implementation of smart grid technology, and rising investment in upgrading transmission and distribution systems. The global switchgear market is segmented based on insulation, installation, voltage, product, end user, region and company. Based on insulation, the market can be categorized into air insulated, gas insulated and others. The gas insulated segment is likely to dominate the market owing to their feature of serving different needs at varying voltage levels in various end user industries. Browse...