USD 36.93 billion Growth Opportunity in Switchgear and Switchboard Apparatus Market from 2023 to 2028, 6.48% YOY Growth Expected in 2024 - Technavio
NEW YORK, Jan. 29, 2024 /PRNewswire/ -- The Switchgear and Switchboard Apparatus Market is forecast to increase by USD 36.93 billion, at a CAGR of 6.88% with a YOY growth rate of 6.48% between 2023 and 2028.
- NEW YORK, Jan. 29, 2024 /PRNewswire/ -- The Switchgear and Switchboard Apparatus Market is forecast to increase by USD 36.93 billion, at a CAGR of 6.88% with a YOY growth rate of 6.48% between 2023 and 2028.
- By geography, the market is segmented into APAC, Europe, North America, the Middle East and Africa, and South America.
- Increasing demand for smart switchgear and switchboard apparatus is a primary trend shaping growth.
- The 5G phased array antenna market is estimated to grow USD 722.52 million at a CAGR of 7.48% between 2022 and 2027.