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Smart Electrical Networks and Infrastructure Modernization Drive Innovation Among Leading Low Voltage Switchgear Manufacturer Companies
According to a new report by Polaris Market Research, the global switchgear market — encompassing the low voltage switchgear segment that safeguards residential, commercial, and industrial power systems — was valued at USD 86.76 billion in 2021 and is projected to reach USD 142.85 billion by 2030, expanding at a CAGR of 5.8% over the forecast period. Growth is underpinned by rising...
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