From GlobeNewswire: 2024-06-19 22:00:00

The Global Pad-Mounted Switchgear Market is projected to grow from USD 5.81 Billion in 2023 to USD 9.1 Billion by 2033, with a CAGR of 4.59%. Demand is being driven by urbanization, infrastructure development, and smart cities projects. Gas-insulated switchgear is expected to grow the fastest due to urbanization and industrialization, with the highest demand in the commercial sector. The market is expected to see major growth in regions like Europe, where underground distribution systems are expanding rapidly. Asia Pacific is anticipated to experience the fastest growth due to increasing electricity demand in countries like China and India.



Read more at GlobeNewswire: Global Pad-Mounted Switchgear Market Size To Worth USD 9.1