
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.
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.
GIS bushing market will grow from $747 M in 2024 to $986 M by 2031, with a 4.0 % CAGR during the review period.
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.
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.
“This enables continuous improvement and innovation in empowering not only our commercial customers but also businesses that support communities and power our economy”. VP and COO Ronnie L. Aperocho