Pad-Mounted Switchgear Market Research Report Size, Analysis & Global Forecast - 2022-2029

Gmi Research01 Dec, 2022Business

The Pad-Mounted Switchgear Market was worth USD 6.1 billion in 2021 and is predictable to reach USD 8.7 billion in 2029 and the market is estimated to expand at a CAGR of 4.5%. The factors driving the growth of Pad-Mounted Switchgear Market includes emerging need to upgrade the ageing power infrastructure, increasing consumption of electricity around the world, growing demand for underground distribution systems and strict regulation imposed by Governments regarding carbon emissions.