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Switchgear And Switchboard Apparatus Global Market Report 2021: COVID 19 Impact And Recovery To 2030 The Business Research Company’s Switchgear And Switchboard Apparatus Global Market Report 2021: COVID-19 Impact and Recovery to 2030 LONDON, GREATER LONDON, UK, May 6, 2021 /EINPresswire.com/ Demand for electricity generation is projected to drive the switchgear and switchboard apparatus market. The availability of electricity has become essential for economic development and poverty alleviation. Development of industrialization, urbanization requires continuous electricity supply, and the reliability of the electrical supply depends heavily on the performance of the switchgear. Therefore, the demand for electricity generation is driving the demand for switchgear and switchboard apparatus in the forecast period. For instance, global demand for electricity rises at 2.1% per year to 2040 in the Specified Policies Scenario, double the rate of primary energy growth by 2040.

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