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The switchgear market in India is forecasted to grow by USD 4.14 bn during 2023-2028, accelerating at a CAGR of 7.42% during the forecast period. The report on the switchgear market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing renewable power generation in India, a rise in several residential and commercial building projects in India, and expanding transmission and distribution (T and D) networks in India.
The switchgear market in India is segmented as below:
By Type
- Air-insulated switchgear
- Gas insulated switchgear
By Installation Sites
- Indoor
- Outdoor
By End-user
- Commercial
- Industrial
- Residential
The report on the switchgear market in India covers the following areas:
- Switchgear market in India sizing
- Switchgear market in India forecast
- Switchgear market in India industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Installation Sites
8 Market Segmentation by End-user
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the switchgear market in India: ABB Ltd., Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., Eaton Corp. Plc, General Electric Co., Havells India Ltd., Hitachi Ltd., HPL Electric and Power Ltd., Kirloskar Electric Co. Ltd., Legrand SA, Schneider Electric SE, Siemens AG, and Toshiba Corp.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing demand for smart switchgear and switchboard apparatus."
According to the report, one of the major drivers for this market is the growing renewable power generation in India.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Bharat Heavy Electricals Ltd.
- CG Power and Industrial Solutions Ltd.
- Eaton Corp. Plc
- General Electric Co.
- Havells India Ltd.
- Hitachi Ltd.
- HPL Electric and Power Ltd.
- Kirloskar Electric Co. Ltd.
- Legrand SA
- Schneider Electric SE
- Siemens AG
- Toshiba Corp.
