Home > Energy & Power > Electrical Equipment > Electrical Infrastructure > Fixed Mounting Power Distribution Component Market
Fixed Mounting Power Distribution Component Market Size
- Report ID: GMI10506
- Published Date: Jul 2024
- Report Format: PDF
Fixed Mounting Power Distribution Component Market Size
Fixed Mounting Power Distribution Component Market size was valued at USD 147.1 billion in 2023 and is poised to grow at a CAGR of 7.7% between 2024 and 2032. The disparity in electric infrastructure between developing and developed economies has fostered a promising business landscape. Major industry players are prioritizing product innovations, notably digitalization and smart grid integration to boost operational efficiency and cater to changing consumer demands.
nbsp;
For instance, in October 2023, Delixi unveiled its newest range of air-insulated switchgear, aimed at bolstering both power distribution efficiency and safety. Additionally, the industry's heightened focus on safety and reliability is spurring the uptake of cutting-edge air-insulated components.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Fixed Mounting Power Distribution Component Market Size in 2023: | USD 147.1 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.7% |
| 2032 Value Projection: | USD 293.4 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Product, Voltage Rating, Application, & Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Fixed Mounting Power Distribution Component Market Scope
