The gas-insulated switchgear market value will reach USD 36,400.7 million by 2030 from USD 22,457.4 million in 2022, at a 6.2% CAGR, according to P&S Intelligence. The growth can be credited to the increasing need for electricity, snowballing renewable power-based capacity adding, and rapid urbanization. Additionally, more power will be needed for offices, powerhouses, hospitals, retail...

The global switchgear market is experiencing robust growth, spurred by rising electricity demand, rapid urbanization, and the global transition toward renewable energy. Switchgears—critical electrical components used to isolate, protect, and control power systems—are becoming more essential as nations modernize their grid infrastructure and integrate decentralized, clean energy...