Typically, switchgear in substations are located on both the high- and low-voltage sides of large power transformers. The switchgear on the low-voltage side of the transformers may be located in a building, with medium-voltage circuit breakers for distribution circuits, along with metering, control, and protection equipment. For industrial applications, a transformer and switchgear line-up may be combined in one housing, called a unitized substation (USS). According to the latest research by Visiongain, a market research company, the worldwide switchgear market is expected to achieve $152.5 billion by 2029 at a CAGR of 5.9%. Growing investment in renewable energy and enhanced demand for safe and secure electrical distribution systems are expected to generate the increase.