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11 Aug 20201 minute read

Global switchgear market could grow

ECAtoday
Global switchgear market could grow

The global switchgear market could grow by as much as 6.5 per cent each year until 2026, according to a recent report from Global Market Insights.

The research covered 38 territories, including the UK, United States and Germany, as well as 19 companies. It concluded that the market was worth $90 billion (£69 billion) in 2019, potentially rising to $140 billion (£107 billion) in 2026.

Growth drivers in the European market were identified as expansion of smart grid networks and refurbishment and retrofit of existing grid infrastructure.

Read the research here

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