Lucintel Forecasts the Global Switchgear and Switchboard Apparatus Market is expected to grow with a CAGR of 6.6% from 2024 to 2030
Lucintel Forecasts the Global Switchgear and Switchboard Apparatus Market is expected to grow with a CAGR of 6.6% from 2024 to 2030
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According to a market report by Lucintel, the future of the global switchgear and switchboard apparatus market looks promising with opportunities in the gas insulated & air insulated markets. The global switchgear and switchboard apparatus market is expected to grow with a CAGR of 6.6% from 2024 to 2030. The major drivers for this market are growing worldwide need for energy, expansion of renewable energy generation capacity, and increased demand for these products in residential and commercial construction.
A more than 150-page report to understand trends, opportunity and forecast in switchgear and switchboard apparatus market to 2030 by power rating (medium voltage (2-36 kV), high voltage (above 36 kV), and low voltage (up to 1 kV)), type (gas insulated, air insulated, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the power rating category, medium voltage (2-36 kV) is expected to witness the highest growth.
Within the type category, gas insulated is expected to witness higher growth.
Download sample by clicking on switchgear and switchboard apparatus market
In terms of regions, APAC is expected to witness the highest growth.
Qorvo, Microchip Technology, Broadcom, Analog Devices, Infineon Technologies, Sumitomo Electric Industries, Win Semiconductors are the major suppliers in the switchgear and switchboard apparatus market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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