Replacement of aging power infrastructure, along with growing investments in renewable energy, is expected to drive the switchgear market.

Growing investments in renewable energy and demand for safe and secure electrical distribution systems have increased the demand for switchgears.

Switchgear Market by Voltage (< 1 KV, 1–36 KV, 36–72.5 KV, > 72.5 KV), End-User (Transmission & Distribution Utilities and Manufacturing & Process Industries), Equipment (Gas Insulated, Air Insulated, and Circuit Breakers)

The global switchgear market is projected to grow at a CAGR of 7.12%, from 2017 to 2022, to reach a market size of USD 125.10 Billion by 2022. Continuous demand for construction and developmental activities, increasing access for electricity in developing

The global market is set to witness a significant growth due to the continued growth of construction and developmental activities, increasing access to electricity, and growth of renewable power generation projects.