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The global switchgear market is expected to reach USD 120.1 billion by 2027 from an estimated USD 90.9 billion in 2022, at a CAGR of 5.7% from 2022 to 2027. The growing integration of renewables in the power mix and the need to upgrade grid infrastructure are expected to lead to the rising demand for switchgear. With the dominance of IT and cloud-based operations, the demand for power distribution grows exponentially in every industry. Moreover, the demand for energy management and electricity consumption monitoring equipment is further driving the market. Malaysia and China signed 100 memorandums of understanding in April 2022 to promote future collaboration and expansion of the Malaysia-China Kuantan Industrial Park (MCKIP) and China-Malaysia Qinzhou Industrial Park (CMQIP). Many such industrial projects are planned across various economies. The situation indicates favourable prospects for switchgear, which are critical in industrial environments for power safety and regulation.