Air insulated switchgear market to exceed $100 B by 2032
The global air insulated switchgear market, valued at $66.5 B in 2023, is expected to reach $100 B by 2032, growing at a CAGR of 5.0 % from 2024 to 2032.
#CAGR
Switchgear market to reach $200.5 B by 2034
The switchgear market is projected to grow at a CAGR of 6 % during 2025-2034, reaching a total market value of around $200.5 B by 2034.
Gas insulated switchgear bushing market to reach $986 M by 2031
GIS bushing market will grow from $747 M in 2024 to $986 M by 2031, with a 4.0 % CAGR during the review period.
Instrument transformers market to surpass $8.9 B by 2031
The global instrument transformers market is forecast to grow at a CAGR of 7.7 % from 2023 to 2031, reaching $ 8.9 B by 2031.
Switchboard market to reach $109 B by 2029
The switchboard market is projected to reach $109 B, growing at a CAGR of 3.2 % during the forecast period 2024 – 2029.
Medium voltage switchgear market to reach $60 B in 2029
The medium voltage switchgear market is projected to grow from $44.92 B in 2024 to $60 B in 2029, growing at a CAGR of 5.6 %.
Offshore substation market to reach $9,9 B by 2032
The offshore substation market is projected to expand from $6,5 B in 2024 to $9,9 B by 2032, growing at a CAGR of 6.1 % during the forecast period 2024 – 2032.
Switchgear monitoring system market to reach $2 B by 2033
The switchgear monitoring system market, valued at $ 1,26 B in 2022, is projected to reach $ 2.04 B by 2033 growing at a CAGR of 4.5 % from 2023 to 2033.
Paralleling switchgear market to reach $2.8 B by 2032
The global paralleling switchgear market is projected to reach $2.8 B by 2032, growing at a CAGR of 7.5 % during the forecast period.
Smart energy market to reach $253.1 B by 2027
The smart energy market is projected to soar to $253.1 billion by 2027, doubling in size from 2019.
Switchgear market size to reach nearly $90 B by 2034
The global medium voltage switchgear market size, growing at a CAGR of 7.65 % from 2025 to 2034, is projected to reach $89.7 B by 2034.
Global air-insulated switchgear market to go over $12.26 B by 2031
The global air-insulated switchgear market is estimated to reach over $12.26 B by 2031, exhibiting a CAGR of 5.20 % during the forecast period.
Switchgear market to reach $258.9 B by 2032 with a robust 7 % CAGR
The switchgear market, valued at $161.23 B in 2024, is projected to reach $258.9 B by 2032, growing at a 7 % CAGR from 2025 to 2032.
Substation market soars to $201.7 B by 2034
The substation market is expected to grow at a CAGR of 4.4 % during the forecast period of 2025 to 2034.
Global pad-mounted switchgear market to reach $10.7 B by 2034
The global pad-mounted switchgear market size is projected to grow from $6.5 B in 2024 to $10.7 B during the forecast period from 2025 to 2034.
High voltage switchboard market expected to reach $4.6 B
Growing at the CAGR of 5.3 %, the market is expected to reach $ 4.6 B by 2031.
Air insulated switchgear market to reach $11.45 B by 2029
Growing at the CAGR of 7.4 %, the air insulated switchgear market is forecasted to experience robust growth.
Utility-scale switchgear market to reach $ 31.45 B by 2033
The utility-scale switchgear market, valued at $18.38 B in 2024, is projected to reach $31.45 B by 2033, growing at a CAGR of 6.15 % during the forecast period 2025-2033.
Instrument transformer market to hit $12.08 B
The Instrument Transformer Market valued at $7.21 B in 2023 is projected to reach $12.08 B, growing at a CAGR of 5.94 % during the forecast period of 2024-2032.