Low Voltage (LV) and Medium Voltage (MV) Switchgear Market - 3 Opportunities Driving Growth
Recently, a U.S.-based market intelligence company released a report that said that the global market for LV and MV switchgears will reach US$83.28 billion by 2020. Surely, for the LV and MV switchgears market to grow to this size from being about US$47.25 billion in 2013, a number of factors are at play. In terms of volume, the LV and MV switchgear market will register a healthy CAGR of 6.7% through 2014 to 2020. This means that by 2020, 4,195.0...
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