Article Details
Switchgear Market to Reach $88.5 billion by 2025, Grow at a CAGR 5.5% between 2020-2025
Posted By vickydhanraj 1146 days ago on News
According to the new market research report, The global switchgear market is projected to reach USD 88.5 billion by 2025 from an estimated USD 67.5 billion in 2020, at a post COVID-19 CAGR of 5.5% during the forecast period.’Replacement of aging power infeastructure along with growing investments in renewable energy is expected to drive the switchgear market. Furthermore, revival of investments in the construction sector is expected to further drive the demand for this product.
Submit a Comment