Switchgear Market in India 2024-2028

Description

List of Tables

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.

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.

Technavio's switchgear market in India is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	6.83%
CAGR	7.42%
Incremental Value	$4.14bn

By Type

Air-insulated switchgear
Gas insulated switchgear

By Installation Sites

Indoor
Outdoor

By End-user

Commercial
Industrial
Residential

This study identifies the increasing demand for smart switchgear and switchboard apparatus as one of the prime reasons driving the switchgear market in India growth during the next few years. Also, rising product launches of switchgear by vendors and a growing focus on grid modernization in India will lead to sizable demand in the market.

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 robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading switchgear market in India vendors that include 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. Also, the switchgear market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 publisher 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.

Product Code: IRTNTR77520

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Switchgear market in India 2018 - 2022
4.2 Type Segment Analysis 2018 - 2022
4.3 Installation Sites Segment Analysis 2018 - 2022
4.4 End-user Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments
6.2 Comparison by Type
6.3 Air-insulated switchgear - Market size and forecast 2023-2028
6.4 Gas insulated switchgear - Market size and forecast 2023-2028
6.5 Market opportunity by Type

7 Market Segmentation by Installation Sites

7.1 Market segments
7.2 Comparison by Installation Sites
7.3 Indoor - Market size and forecast 2023-2028
7.4 Outdoor - Market size and forecast 2023-2028
7.5 Market opportunity by Installation Sites

8 Market Segmentation by End-user

8.1 Market segments
8.2 Comparison by End-user
8.3 Commercial - Market size and forecast 2023-2028
8.4 Industrial - Market size and forecast 2023-2028
8.5 Residential - Market size and forecast 2023-2028
8.6 Market opportunity by End-user

9 Customer Landscape

9.1 Customer landscape overview

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 ABB Ltd.
12.4 Bharat Heavy Electricals Ltd.
12.5 CG Power and Industrial Solutions Ltd.
12.6 Eaton Corp. Plc
12.7 General Electric Co.
12.8 Havells India Ltd.
12.9 Hitachi Ltd.
12.10 HPL Electric and Power Ltd.
12.11 Kirloskar Electric Co. Ltd.
12.12 Legrand SA
12.13 Schneider Electric SE
12.14 Siemens AG
12.15 Toshiba Corp.

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations