The Pad-Mounted Switchgear Market is expected to grow at a CAGR of more than 3% during the forecast period. Factors such as an increase in power generation capacity plans around the world, an increase in demand for replacing/improving aging distribution infrastructures, and an increase in power demand due to soaring industrial and infrastructure development activities, especially in China and India, are the factors during the forecast period. In addition, increased investment in transmission and distribution infrastructure with efficient underground distribution systems is expected to strengthen market growth. However, it is likely that the implementation of electrification projects worldwide will be delayed and the high costs associated with padded switchgear will hamper market growth.
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A full report of Pad-Mounted Switchgear Market available at: https://www.orionmarketreports.com/pad-mounted-switchgear-market-global-industry-analysis-size-share-growth-trends-and-forecast-2021-2027-market/46944/
Pad-Mounted Switchgear Market Segments:
By Standard
• IEC
• IEEE
• Other Standards
By Type
• Air Insulated
• Gas Insulated
• Solid Dielectric
• Others
By Voltage
• Up To 15 Kv
• 15–25 Kv
• 25–38 Kv
By Application
• Industrial
• Commercial
• Residential
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
