The Global Switchgear Market Is Expected to Reach $110.7 Billion by 2023
According to a new market report published by Lucintel, the future of the switchgear market looks attractive with opportunities in the utilities, industrial, residential, and commercial sectors. The global switchgear market is expected to reach an estimated $110.7 billion by 2023 and is forecast to grow at a CAGR of 4.7% from 2018 to 2023. The major growth drivers for this market are increasing demand for electricity, growing implementation of smart grid technology, and continuing investment in upgrading transmission and...
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