Global Pad-mounted Switchgear Market Size & Outlook
The pad-mounted switchgear industry worldwide is expected to reach a projected revenue of US$ 9,365.1 million by 2030. A compound annual growth rate of 5.5% is expected of the worldwide pad-mounted switchgear industry from 2024 to 2030.
Revenue, 2023 (US$M)
$6,446.5
Forecast, 2030 (US$M)
$9,365.1
CAGR, 2024 - 2030
5.5%
Report Coverage
Worldwide
Global pad-mounted switchgear market, 2018-2030 (US$M)
Global pad-mounted switchgear market highlights
- The global pad-mounted switchgear market generated a revenue of USD 6,446.5 million in 2023 and is expected to reach USD 9,365.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.5% by 2030.
- In terms of segment, air-insulated accounted for a revenue of USD 6,446.5 million in 2023.
- Air-insulated is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 6,446.5 million |
| Market revenue in 2030 | USD 9,365.1 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Air-insulated |
| Fastest growing segment | Air-insulated |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air-insulated |
Other key industry trends
- In terms of revenue, the North America accounted for 28.2% of the global pad-mounted switchgear market in 2023.
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Pad-Mounted Switchgear Market Scope
Pad-mounted switchgear market segmentation & scope
Application
Industrial
Commercial
Residential
Countries
Argentina
Brazil
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
U.S.
Canada
Mexico
Kuwait
Saudi Arabia
South Africa
UAE
Australia
India
China
Japan
South Korea
Thailand
Pad-Mounted Switchgear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global pad-mounted switchgear market size, by regions, 2018-2030 (US$M)
Related regional statistics
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