$31 Billion Gas Insulated Switchgear Markets: Emerging Smart Technologies and Digitalization & Increasing Investment in Industrial Production - Global Forecasts to 2027 - ResearchAndMarkets.com
The global gas insulated switchgear market is expected to reach USD 31.3 billion by 2027 from an estimated USD 23.1 billion in 2022, at a CAGR of 6.3% from 2022 to 2027.
- The global gas insulated switchgear market is expected to reach USD 31.3 billion by 2027 from an estimated USD 23.1 billion in 2022, at a CAGR of 6.3% from 2022 to 2027.
- Additionally, managing energy has taken a high focus with the introduction of loT for home automation and building automation reasons.
- Asia Pacific is expected to dominate the global gas insulated switchgear market and projected to grow at the highest CAGR between 2022 and 2027.
- The demand for GIS to regulate electricity and offer fault protection will significantly increase, raising the market for gas insulated switchgear in Asia Pacific.