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India Switchgear (LV, MV, HV) Market Outlook, 2023

  • ID: 4591126
  • Report
  • July 2018
  • Region: India
  • 139 Pages
  • Bonafide Research
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FEATURED COMPANIES

  • ABB India Limited
  • GE T&D India Limited
  • Havells India Limited
  • Larsen & Toubro Limited
  • Siemens Limited
  • MORE

'India Switchgear (LV, MV, HV) Market Outlook, 2023' gives a comprehensive analysis on the switchgear industry of India. The market has observed a consistent in last five years and is expected to continue growing in next few years. Power is one of the most critical components of infrastructure crucial for the economic development and welfare of countries. India’s power sector is one of the most diversified in the world. Electricity demand in the country has increased rapidly and is expected to rise further in the years to come. Power sector is booming in India which needs a switchgear from the generation of electricity to the end user which is commercial or residential electricity users.The major causes for the increase in the market are changes in mainly legal and political environmental factors such as demonetization, GST, smart cities project, government’s safety norms, rural electrification project, electricity for all, and new tariff plans.

India Switchgear market is expected to grow with a CAGR of more than 7% in the forecasted period of FY 2017-18 to FY 2022-23. The period will witness the dominance of Low Voltage Switchgear and the consumers will be shifting from conventional fuse method to switchgear like MCB, MCCB for home electrification. The major reason for so is the high economic development of India which has resulted in higher purchasing power to Indian consumer, changing preferences, Increase concern towards safety, brand awareness by different media etc. In Low Voltage Switchgear, market is still lead by Contactors, while there is a tough fight between products like MCB and ACB. Medium and High Voltage Market is expected to have stagnant growth over next 5 years. Government initiative and polices will help to rise both switchgear market, Low Voltage & Medium and High Voltage Switchgear Market. In India by region, North and South region combine covers more than 55% market share of India Switchgear Market.

Covered in the report:

  • Low voltage switchgear
  • Medium voltage switchgear
  • High voltage switchgear
  • Miniature Circuit Breaker
  • Moulded Case Circuit Breaker
  • Medium Voltage Custom Built Products

How it will help solving your strategic decision-making process??

The report gives an in-depth understanding of the Switchgear market in India, which consist of:

  • India Switchgear Market Outlook
  • India Switchgear Market Size By Value & Forecast
  • India Switchgear Market Size By Volume& Forecast
  • India SwitchgearMarket Segmental Analysis: By Segment, By Company, By End User, By Region
  • India Low Voltage Switchgear Market Size By Value, Volume & Forecast
  • India Medium and High Voltage Switchgear Market Size: By Value, Volume & Forecast
  • India LV Relay and Timer Market Size By Value, Volume & Forecast
  • India Contactors Market Size By Value, Volume & Forecast
  • India LV Circuit Breaker MCB Market Size By Value& Forecast
  • India HRC Fuse Market Size By Value, Volume & Forecast
  • India ACB Market Size By Volume, Volume & Forecast
  • India MV Custom Built Products Market Size By Value & Forecast
  • India HV Outdoor Circuit Breaker Market Size By Value & Forecast
  • India MV Indoor Circuit Breaker (Upto 33 KV) Market Size By Value & Forecast
  • Product Price & Variant Analysis
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB India Limited
  • GE T&D India Limited
  • Havells India Limited
  • Larsen & Toubro Limited
  • Siemens Limited
  • MORE

1. Executive Summary

2. India Switchgear Market Outlook
2.1. Market Size
2.1.1. By value
2.1.2. By volume
2.2. Market Share
2.2.1. By Segment
2.2.2. By Company
2.2.3. By End Users
2.2.4. By Region

3. India Low Voltage Switchgear Market Outlook
3.1. Market Size
3.1.1. By value
3.1.2. By Volume
3.2. Market Share By Segment
3.3. LV Relay and Timer Market
3.3.1. Market Size
3.3.1.1. By Value
3.3.1.2. By Volume
3.4. Contactors Market
3.4.1. Market Size
3.4.1.1. By value
3.4.1.2. By Volume
3.5. Motors Starter Market
3.5.1. Market Size
3.5.1.1. By Value
3.5.1.2. By Volume
3.6. Power Switches Market
3.6.1. Market Size
3.6.1.1. By Value
3.6.1.2. By Volume
3.7. Switch Fuse & Fuse Switch Units Market
3.7.1. Market Size
3.7.1.1. By value
3.7.1.2. By Volume
3.8. LV Circuit Breaker MCB (Miniature Circuit Breaker) Market
3.8.1. Market Size
3.8.1.1. By Value
3.8.1.2. By Volume 
3.9. MCCB (Single and Multi pole) Market 
3.9.1. Market Size
3.9.1.1. By Value
3.9.1.2. By Volume 
3.10.  ACB (Air Circuit Breaker) Market
3.10.1.  Market Size
3.10.1.1. By Value
3.10.1.2. By Volume
3.11. HRC Fuse Market
3.11.1.  Market Size
3.11.1.1. By Value
3.11.1.2. By Volume
3.12. Overload Relays Market
3.12.1. Market Size
3.12.1.1. By Value
3.12.1.2. By Volume
3.13.  Others Low Voltage Switchgear Market
3.13.1. Market Size
3.13.1.1. By Value
3.13.1.2. By Volume

4. Medium and High Voltage Switchgear Market
4.1. Market Size
4.1.1. By Value
4.1.2. By Volume
4.2. Market Share By Segment
4.3. Isolated Switches market
4.3.1. Market Size
4.3.1.1. By Value
4.3.1.2. By Volume 
4.4. MV Outdoor Circuit Breakers (upto 33 KV) Market
4.4.1. Market Size
4.4.1.1. By Value
4.4.1.2. By Volume
4.5. MV Indoor Circuit Breaker (Upto 33 KV) Market
4.5.1. Market Size
4.5.1.1. By Value
4.5.1.2. By Volume
4.6. HV Outdoor Circuit Breaker (Above and Including 66 KV)
4.6.1. Market Size
4.6.1.1. By Value
4.6.1.2. By Volume
4.7. MV Custom Built Products Market
4.7.1. Market Size
4.7.1.1. By Value
4.7.1.2. By Volume
4.8. Product Price Variant Analysis

5. Trade Dynamics
5.1. Import
5.2. Export

6. PEST Analysis

7. Market Dynamics
7.1. Drivers
7.2. Challenges

8. Market Trends & Developments 
8.1. Increasing Utilization of Power
8.2. Expanded Adoption of Compact GIS in Substations
8.3. Focus on Standardized Designs of Switchgears
8.4. Move Towards Upgraded Switchgear Technology
8.5. Wide availability through E-commerce market

9. Government’s Initiative in Electrical Industry

10. India Power Sector Overview

11. Indian Economic Profile

12. Competitive Landscape
12.1. Porter’s Five Forces
12.2. Company Profiles
12.2.1. ABB India Limited
12.2.2. Anchor Electricals Private Limited
12.2.3. Bharat Heavy Electrical Limited
12.2.4. GE T&D India Limited
12.2.5. Havells India Limited
12.2.6. Larsen & Toubro Limited
12.2.7. Schneider Electric Infrastructure Limited
12.2.8. Siemens Limited
12.2.9. Toshiba Transmission & Distribution Systems (India) Private Limited

13. Strategic Recommendation 

14. Disclaimer

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB India Limited
  • GE T&D India Limited
  • Havells India Limited
  • Larsen & Toubro Limited
  • Siemens Limited
  • MORE

Continuous growth of construction and development activities, will leads switchgear industry in the forecast period

A portion of the prominent trends that the market is seeing incorporate rapid boom in the construction segment.Switchgear is necessary from the point of production of electricity to end users. As the end users consumers are using switchgear for the residential and commercial segments.

The number of commercial buildings and private flats is expanding over the nation, particularly in tier 2 & 3 cities and urban cities. Residential segment witnessing high growth to meet the rising demand for real estate in the country. This can be the adding benefit and opportunity for the Low Voltage Switchgear to emerge from this sector too. India Low Voltage switchgear will have dominance in the forecast period too, over Medium and High Voltage Switchgear and lead the Switchgear industry. With industry sentiments and overall economic conditions anticipated to improve, the India Low Voltage switchgear market is likely to witness higher growth rates over the next five to six years.On the back of strong infrastructure development, government initiatives towards power capacity expansion and augmentation and development of the transmission and distribution network, therefore the increase in real estate industry in India increases the demand for switchgear.India's adoption of a mixed economy, which offered ascend to the advancement of the private area. Urbanization is taking place at a quick rate in India. By the year 2030, 40.76% of country's population is expected to reside in urban areas.The government’s enhanced spotlight on infrastructure development and launch of ambitious smart cities project additionally quicken the demand of value switchgears.

According to the report 'India Switchgear (LV, MV, HV) Market Outlook, 2023', India overall market for switchgear industry is anticipated to grow more than 7% at the end of forecast period. Low Voltage Switchgear will be in dominance for the forecast period & Medium and High Voltage Switchgear will see a stagnant growth for the next five years to come. MCB, MCCB, Contactors and ACB will be leading products of Low Voltage Switchgear Industry for coming years.

Low Voltage switchgear manufacturers will in any case need to battlewith increasing pricing pressures due to intense competition and tough fight and dominance from regional local players and unorganized market.To sustain in the market, Low Voltage switchgear manufacturers must adopt new marketing strategies and introduce innovative products. They should also expand their distribution network. The switchgear market will continue its growth trajectory given the aggressive reforms initiated by the government through programmes such as Power for All, Make in India, the Integrated Power Development Scheme, Housing for All and the Deendayal Upadhayaya Gram Jyoti Yojana.

Note: Product cover images may vary from those shown
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  • ABB India Limited
  • Anchor Electricals Private Limited
  • Bharat Heavy Electrical Limited
  • GE T&D India Limited
  • Havells India Limited
  • Larsen & Toubro Limited
  • Schneider Electric Infrastructure Limited
  • Siemens Limited
  • Toshiba Transmission & Distribution Systems (India) Private Limited
Note: Product cover images may vary from those shown
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