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Address:
Industrial Megamart
ithum Tower B,
Noida sector 62
Noida, UP. India, Pincode: 201301
Contact no: +91-9773900325
At industrial megamart, we aim to provide our customers with only top quality industrial C electric products at the most affordable prices.
C industry manufactures a range of electrical switchgear, power protection and electrical distribution products.
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Address:Industrial Megamartithum Tower B,Noida, UP.
India Pincode: 201301Contact no: +91-9773900325Email id: [email protected]
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The global AI-based electrical switchgear market is projected to grow with a moderate CAGR during the forecast period, i.e., 2022-2030, on account of the rising need for AI-based power distribution & energy monitoring systems and the growing use of smart grid technologies across the globe.
As per the IEA Atlas of Energy, the overall energy generation between 1990 and 2018 increased from 621.27 TWh to 7150 TWh in China.
China is the world’s largest power-consuming nation, followed by U.S. and India.
The rise in demand for energy results from the increasing global population and the subsequent urbanization, has elevated the necessity to create intelligent infrastructure.
This is estimated to boost the market growth.The market is segmented by installation into indoor and outdoor, out of which, the outdoor segment is anticipated to hold the largest share by the end of 2021 in the AI-based electrical switchgear market as a result of the high deployment rate of AI-based electrical switchgear in transmission sector.
On the basis of end-user, the market is segmented into transmission & distribution utilities, commercial, industrial, residential, and others, out of which, the transmission & distribution utilities segment is expected to grow significantly owing to the growing adoption of AI-based electrical switchgear in the segment for energy generation and transmission.On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the AI-based electrical switchgear market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period owing to the increase in rate of development of smart infrastructure in the countries of the region which require AI-based electrical grids and switchgear on streets and constructions on a large scale.