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Outdoor Power Equipment Market Size Worth $28.96 Billion By 2027 | CAGR: 3.4%: Polaris Market Research

Outdoor Power Equipment Market Size Worth $28.96 Billion By 2027 | CAGR: 3.4%: Polaris Market Research

"Outdoor Power Equipment Market"

Outdoor Power Equipment Market

Outdoor Power Equipment Market Size | Global Industry Report, 2027

Outdoor Power Equipment Market Size Worth $28.96 Billion By 2027 | CAGR: 3.4%: Polaris Market Research

NEW YORK, Jan. 12, 2021 /PRNewswire/ -- The global outdoor power equipment market size is expected to reach USD 28.96 billion by 2027 according to a new study conducted by Polaris Market Research the market is anticipated to register a CAGR: 3.4% From 2020 to 2027

Outdoor Power Equipment Market

The market growth for ring main units can be attributed to the increasing capacity additions and enhancement plans for distribution networks and modernization of existing power infrastructure. A ring main unit is considered as an all-in-one solution that is easy to install and maintenance-free. Various industries are witnessing a general shift toward the adoption of ring main units as it enhances the uptime and reliability of power supply. It can also be fitted or integrated with intelligent electronic devices. Due to its smart capabilities, it is highly demanded in the market. In addition, the global focus on renewable power generation is expected to present numerous growth opportunities for the growth of the ring main unit market.