Low and medium voltage switchgear market size is set to grow by USD 40,704.86 million from 2022 to 2027; Increasing implementation of smart grid technology will boost the market- Technavio
The report provides actionable insights and estimates the contribution of all regions to the growth of the global low and medium voltage switchgear market.
- The report provides actionable insights and estimates the contribution of all regions to the growth of the global low and medium voltage switchgear market.
- Hence, the implementation of smart grid technology will propel the growth of the global low and medium voltage switchgear market during the forecast period.
- Regulations restricting SF6 gas emissions is a major challenge to the growth of the global low voltage (LV) and medium voltage (MV) switchgear market.
- Increasing penetration of Industry 4.0 across the globe is one of the key drivers supporting the automatic voltage stabilizer market growth.