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.
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Global solar PV backsheet market to reach $17.5 B by 2034
The global solar PV backsheet market is projected to grow from $14.2 B in 2024 to $17.5 B by 2034, growing at a CAGR of 2.2 %.
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.
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.
Laminated busbar market to reach $1325.05 B by 2032
The laminated busbar market is experiencing impressive growth and is expected to reach an estimated $1325.05 B by 2032.
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.
Switchgear and Switchboard Market Report 2024
Mobile substations, which restore power quickly in emergencies, are rising in demand.