Global LV and MV Switchgear Market Is Expected to Reach USD 83.28 Billion by 2020 : New Report by TMR
Market was valued at USD 47.25 billion in 2013, which is expected to reach USD 83.28 billion by 2020, growing at a CAGR of 8.5% from 2014 to 2020. By volume, global LV and MV switchgear market is expected to grow at a CAGR of 6.7% during the forecast period from 2014 to 2020 to reach a market size of 4,195.0 thousand units by 2020. In 2013, volume of the market was 2,668.6 thousand units.
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