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The global switchgear market is expected to register a CAGR of 7% during the forecast period.
Investments in energy infrastructure and renewable energy sources are fueling the switchgear market. Investments in rural infrastructure across developing countries of Asia-Pacific are particularly expected to augment market value. For instance, The Pradhan Mantri Sahaj Bijli Har Ghar Yojana or Saubhagya Scheme is an Indian government project that aims to provide electricity to all households. Such projects drive the demand for switchgear. - https://straitsresearch.com/report/switchgear-market