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High Voltage Switchgear Market to Reach $52.6 Billion by 2033 Growing at 7.9% CAGR The High Voltage Switchgear Market is witnessing steady expansion, driven by grid modernization, renewable integration, and rising electricity demand. In 2023, global electricity consumption surpassed 29,000 TWh, increasing 2.4% year-over-year, directly influencing high-voltage infrastructure investments. Utilities accounted for over 68% of total high voltage equipment spending, pushing the market valuation to approximately $27.8 billion in 2023. Read Full Research Study: https://marketintelo.com/report/high-voltage-switchgear-market