India Switchgear Market is projected to grow widely in the next coming years. Switchgear is widely used in all electrical equipment and accessories. This electrical device is a combination of circuit breaker assembly, switches, etc. The foremost application of this device is that it helps in isolating the appliance. The switchgear manufacturers are offering their range in different power ratings to meet the diversified requirements of the industry which is further propelling the India Switchgear Market Growth. The combination of rising energy demand and new generation to encourage rapid urbanization is expected to boost the switchgear market.
Rising disposable income coupled with surging urbanization and modernization is adding to the development of the market. Moreover, major expansion in power infrastructure owing to government efforts is one of the key factors driving the growth of the Switchgear Industry in India.
The growing penetration of the government towards the reduction of carbon emissions is driving the demand for renewable power which is further expected to enhance the growth of the market. Furthermore, various schemes introduced by the government of India aiming to develop the infrastructure such as Make in India, Digital India and smart cities have added to the India Switchgear Market Share. Government’s increasing efforts to replace the old and ageing power infrastructure is expanding the growth of Switchgear Market in India.
However, harsh environmental conditions inclining the organization toward the stringent regulations. Development of advanced features will further add to the cost of switchgear and restrain the growth of the market.
COVID-19 Impact on the global Switchgear Market
The outburst of COVID-19 pandemic has hindered the growth of almost every industry. The health emergency impacted the overall growth of the switchgear industry in India during the initial years. However, the market is expected to flourish during the forecast period owing to the implementation of schemes by the government.
They are facing the challenge of coping with the situation now, next, and beyond. A flexible business strategy and a well-equipped team with all the resources will stand out and survive the current situation.
Market Analysis by Insulation
On the basis of insulation, Gas Insulated Switchgear is expected to acquire highest share in the overall India Switchgear Market Share on the back of rising demand for secure reliable power supply from various industries is the key growth driver for the global Switchgear market. Rising penetration to control carbon emissions backed by increasing consumer preference to adopt renewable power infrastructure is also accelerating the growth of the market. Gas-insulated switchgear is environment friendly as compared to air-insulated switchgear which is further contributing to the demand for such switchgear. Also, Rising the demand for secure and reliable power supply from various industries is the key growth driver for the global Switchgear market.
Market Analysis by Application
The Residential and power utility sector occupied the maximum share in overall India Switchgear Industry Growth and is expected to continue its domination during the forthcoming years as well on the back of surging population and increasing investment in renewable energy sector.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021.
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
Key Highlights of Switchgear Report
- India Switchgear Market Overview
- India Switchgear Market Outlook
- India Switchgear Market Forecast
- Historical Data and Forecast of India Switchgear Market Revenues, By Voltage and By Applications for the Period 2018-2028F
- Historical Data and Forecast of India Low Voltage Switchgear Market Revenues, By Types for the Period 2018-2028F
- Historical Data and Forecast of India Low Voltage Switchgear Market Revenues, By Applications for the Period 2018-2028F
- Historical Data and Forecast of India Medium Voltage Switchgear Market Revenues, By Insulation Types for the Period 2018-2028F
- Historical Data and Forecast of India Medium Voltage Switchgear Market Revenues, By Applications for the Period 2018-2028F
- Historical Data and Forecast of India High Voltage Switchgear Market Revenues, By Types for the Period 2018-2028F
- Historical Data and Forecast of India High Voltage Switchgear Market Revenues, By Applications for the Period 2018-2028F
- Market Drivers and Restraints
- India Switchgear Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Market Player’s Revenue Shares
- Market Competitive Benchmarking
- India Switchgear Market Share, By Company
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- By Voltage
- Low Voltage (0-1.1 kV)
- Medium Voltage (1.1-36 kV)
- High Voltage (>36 kV)
- By Low Voltage
- Types
- MCB
- MCCB
- ACB
- Others (Distribution Boards, Contactors, Relays, Starters, Fuses, COS, MPCB)
- Applications
- Residential
- Commercial
- Power Utilities
- Industrial
- Others (Transportation, Oil and Gas)
- Types
- By Medium Voltage
- Insulation Types
- AIS
- GIS
- Applications
- Residential
- Commercial
- Power Utilities
- Industrial
- Others (Transportation, Oil and Gas)
- Insulation Types
- By High Voltage
- Insulation Types
- AIS
- Others (GIS, Oil Insulated)
- Applications
- Residential
- Commercial
- Power Utilities
- Industrial
- Others (Transportation, Oil and Gas)
- Insulation Types
