The global pad-mounted switchgear market size was valued at USD 6.79 billion in 2024 and is projected to reach USD 9.37 billion by 2030, growing at a CAGR of 5.5% from 2025 to 2030. This market growth is largely driven by the increasing integration of renewable energy sources, such as solar and wind power, which demand robust, efficient, and reliable electrical distribution...

The pad-mounted switchgear market is anticipated to reach USD 9.37 billion by 2030, depicting a CAGR of 5.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is primarily driven by increasing investments in modernizing electrical infrastructure and expanding power distribution networks. Rapid urbanization and industrialization have led to a surge in...