The global switchgear market size was valued at USD 97.76 billion in 2024 and is projected to reach

The global switchgear market size was valued at USD 97.76 billion in 2024 and is projected to reach from USD 104.21 billion in 2025 to USD 161.63 billion by 2033, growing at a CAGR of 5.5% during the forecast period (2025-2033). A switchgear is a mechanical device that switches on/off, controls, and protects electrical equipment. It is a combination of switches, circuit breakers, and fuses.