Global Load Break Switch Market Size & Outlook, 2023-2030
The load break switch industry worldwide is expected to reach a projected revenue of US$ 4,097.3 million by 2030. A compound annual growth rate of 4.6% is expected of the worldwide load break switch industry from 2024 to 2030.
Revenue, 2023 (US$M)
$2,981.3
Forecast, 2030 (US$M)
$4,097.3
CAGR, 2024 - 2030
4.6%
Report Coverage
Worldwide
Global load break switch market, 2018-2030 (US$M)
Global load break switch market highlights
- The global load break switch market generated a revenue of USD 2,981.3 million in 2023 and is expected to reach USD 4,097.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.6% by 2030.
- In terms of segment, gas-insulated accounted for a revenue of USD 2,243.1 million in 2023.
- Gas-insulated is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 2,981.3 million |
| Market revenue in 2030 | USD 4,097.3 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Gas-insulated |
| Fastest growing segment | Gas-insulated |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gas-insulated, Vacuum-insulated |
Other key industry trends
- In terms of revenue, the North America accounted for 24.8% of the global load break switch market in 2023.
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Load Break Switch Market Scope
Load break switch market segmentation & scope
Voltage
Below 11 kV
11-33 kV
33-60 kV
Installation
Outdoor
Indoor
End Use
Utilities
Industrial
Commercial
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Load Break Switch Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global load break switch market size, by regions, 2018-2030 (US$M)
Related industry reports
Related regional statistics
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