The global switchgear market size was valued at USD 45,026.8 million in 2021 and is poised to grow at a significant CAGR of 9.9% during the forecast period 2022-2028. The growing population, advancements in the industrial infrastructure, grid resilience requirements, operational flexibility needs, and a growing portfolio of renewable energy are driving the need to modernize and expand the capacity of the electrical systems across the globe.

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