Global high-voltage switchgear market continues growth

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The global market for high-voltage (HV) switchgears is estimated to grow to $28.8 billion in 2026 at a compound annual growth rate (CAGR) of 3.31% during 2022–26 according to GlobalData.

The leading data and analytics company found that the increasing demand for electricity in growing economic regions such as Asia-Pacific and the Middle East is propelling the HV switchgear market, with new capacity additions in the generation and transmission sectors. GlobalData’s latest report, ‘ ... More: Official Press Release GlobalData

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GlobalData, global, switchgear, renewable energy, China, USA, growth, HV, high voltage, capacity, construction, effective, grid, technology, transmission