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Paralleling Switchgear Market Size Valuation to Reach US$ 3.00 Billion by 2034, With a 5.80% CAGR | Future Market Insights, Inc. [Yahoo! Finance]
Last ge aerospace earnings: 4/30 04:02 pm
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centers, production, and telecommunications to prevent downtime, equipment damage, and data loss. NEWARK, Del, April 19, 2024 (GLOBE NEWSWIRE) -- The electricity demand globally is multiplying due to the booming population and the amplifying power consumption. The updated edition of the analysis indicates a worth of US$ 1.70 billion for the paralleling switchgear market in 2024. Looking ahead to 2034, the current forecast projects a CAGR of . Current projections of the paralleling switchgear market infer a valuation of US$ 3.00 billion by 2034. The constant and reliable electricity supply requirement soars the paralleling switchgear industry. End-use industries like healthcare, data centers, production, and telecommunications need continuous power to curb downtime, machinery damage, and data loss. As urbanization is broadening, there is an escalated demand for paralleling switchgear in sectors like production, oil, gas, and mining since they require uninterrupted power sources t
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