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The switchgear market size will grow to USD 88.5 billion by 2025 (forecast year) from USD 67.5 billion in 2020 (estimated year), at a post COVID-19 CAGR of 5.5% during the forecast period. Replacement of aging infrastructure in North America, along with upgradation of existing substations due to rising electricity demand in Europe and Asia Pacific are the driving factors for the switchgear market, globally. Switchgear is required to connect the power generating stations to switchyards and the electrical grid. It is one of the most important and critical components in an electrical system. It includes all the devices that ensure power system protection and regulate power supply. Switchgear de-energizes equipment and clears faults in the system, thereby ensuring a reliable power supply. Growing concerns over the reliability of renewable power have boosted the market for renewable generation and distribution, in turn, driving the global switchgear market.