Global Generator Circuit Breaker Market Is Expected to Reach $325.25 Million by 2022; Finds New Report
Global Generator Circuit Breaker market accounted for $274.18 million in 2015 and is expected to reach $325.25 million by 2022 growing at a CAGR of 2.47% from 2015 to 2022. Generator circuit breaker market is mainly driven by the growth of switchgear and transformer markets. Increasing demand for power generation and transmission, global urbanization and industrialization are the drivers contributing to the market growth. However, shift towards solar photovoltaic generators acts as restraint for generator circuit breaker market.
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