Switchgear - Electric Power Transmission And Distribution Equipment Market Statistics
The global switchgear electric power transmission and distribution equipment market size was valued at US$ 45.0 billion in 2022 and is estimated to grow at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030.
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Switchgear - Electric power transmission and distribution equipment market highlights
- The global switchgear segment generated a revenue of USD 45.0 billion in 2022 and is expected to reach USD 73.4 billion by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6.5% by 2030.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Japan is expected to register the highest CAGR from 2023 to 2030.
Market summary
| Market revenue in 2022 | USD 45.0 billion |
| Market revenue in 2030 | USD 73.4 billion |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
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Electric Power Transmission And Distribution Equipment Market Scope
Electric power transmission and distribution equipment market segmentation & scope
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