Switchgear Market Summary The global switchgear market size was estimated at USD 107.33 billion in 2024 and is projected to reach USD 160.07 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.2% from 2025 to 2030. One of the primary factors driving the growth of the global switchgear industry is the increasing focus on developing advanced smart grid infrastructure...