Holding the largest share in the world, the Chinese switchgear market is expected to increase at a Compound Annual Growth Rate (CAGR) of 10.8% between 2013 and 2020, reaching a share of 19.2% by 2020, forecasts research and consulting firm GlobalData. According to the company’s latest report*, the global switchgear market grew from $46.8 billion in 2008 to $58.6 billion in 2012. In the lead, the Chinese switchgear market increased from $7.7 billion in 2008 to $9.9 billion in 2012, ...
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