India Switchgear Industry 2022 | Trends, Analysis, Share and Forecast 2027

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The latest research study “India Switchgear Industry: Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the India switchgear market is expected to exhibit a CAGR of 7.1% during 2022-2027.

Switchgear refers to a switching device comprising indicating instruments, lightning arresters, fuses, circuit breakers, isolators, relays, current, potential transformers, switches, and control panels. During an electrical surge, it protects, controls, and isolates power systems from damage. It enhances the energy efficiency and safety of a facility and is highly reliable, can be controlled manually, and works with speed. As a result, switchgear finds extensive applications across commercial, residential, and industrial sectors for de-energizing equipment for safe testing, maintenance, and fault clearing.

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India Switchgear Market Trends and Drivers:

The India switchgear market is primarily driven by the increasing implementation of smart grids and smart meters for accurate billing and reducing fraud and technical losses. Additionally, the rising developments in the power distribution sector across the country represent another major growth-inducing factor.

Moreover, the escalating demand for electricity due to rapid urbanization and industrialization has catalyzed market growth. Furthermore, the Government of India is investing heavily in infrastructure development schemes. Apart from this, the increasing demand for gas-insulated switchgear (GIS) due to the growing awareness about its benefits, such as reliability, flexibility, and environmental safety, has augmented the product demand. Besides this, the integration of renewable power generation units in grids is contributing to market growth.

Other factors, including the increasing need for replacing conventional switchgear at sub-stations, emerging GIS applications in power transmission, and growing adoption of renewable energy sources, are also anticipated to create a favorable market outlook.

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India Switchgear Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

The report has segmented the market on the basis of region, voltage type, insulation, installation and end use.

Breakup by Voltage Type:

  • Low-Voltage
  • Medium-Voltage
  • High-Voltage

Breakup by Insulation:

  • Gas Insulated Switchgear (GIS)
  • Air Insulated Switchgear (AIS)
  • Others

Breakup by Installation:

  • Indoor
  • Outdoor

Breakup by End Use:

  • Commercial
  • Residential
  • Industrial

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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