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2019 Global Switchgear Market Industry Forecast to 2024

The switchgear market is projected to reach USD 143.5 billion by 2024 from an estimated USD 102.6 billion in 2019, at a CAGR of 6.9%. As the global demand for electricity is increasing at a very high rate, to meet the rising power demands, new power plants are being installed at a rapid pace. This would drive the demand for switchgears.

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The Report on SCADA Oil & Gas Market 2018 Studies, Insights by Experts, Forecast till 2022

The SCADA oil & gas market is expected to grow from an estimated USD 3.42 Billion in 2017 to USD 4.52 Billion by 2022, at a CAGR of 5.77%. The market is set to witness growth, due to increasing investments in pipeline networks, increasing penetration of cloud computing services in the SCADA system, and increased thrust on process optimization through automation and digitalization.

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2019 Global Switchgear Market Industry Forecast to 2024

The Report on SCADA Oil & Gas Market 2018 Studies, Insights by Experts, Forecast till 2022