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North America Switchgear Market Worth $26 Billion by 2027, Says Global Market Insights Inc.


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SELBYVILLE, Del., May 20, 2021 /PRNewswire/  The North America switchgear market value is projected to cross USD 26 billion by 2027, as reported in the latest study by Global Market Insights Inc. Switchgear demand is surging across the utility, industrial and commercial sector owing to high operational performance in line with safe, secure, and controlled power supply across the grid network.
Global Market Insights Inc.
Rising dependency on large industries and utilities including power generation and manufacturing facilities has fostered the high voltage segment of North America switchgear industry demand. In addition, heavy metal, and mining industries in line with rapid expansion of long-distance power networks will further institute a favourable business scenario. For instance, in 2020 Hitachi ABB Power Grids launched HV hybrid switchgear which is applicable across offshore wind farms and grid. These switchgears are spec ....

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