According to 6Wresearch, North America switchgear market size is projected to grow at a CAGR of 6.7% during 2019-25. The power sector is experiencing a major shift in the fuels used to generate electricity and additional retirement of existing coal and nuclear plants would lead to an increase in demand for switchgears over the coming years. Apart from this, the imminent expansion of current 35 electric transmission interconnections between the Canadian and US power systems would also boost the sales of switchgear further down the line.
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"North America Switchgear Market (2019-2025)" report provides an in-depth analysis with 90 figures covered in 200 pages. The report estimates and forecast the overall North America switchgear market by voltage, insulation type, applications and countries. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
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