India Switchgear Market Report 2022-2027, Share, Growth

The latest research study “India Switchgear Market Report: Industry Trends, 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 represents the switching device that is used for controlling, regulating, and switching an electrical circuit. It generally comprises of fuses, circuit breakers, isolators, relays, current and potential transformers, switches, indicating instruments, lightning arresters, control panels, etc. Switchgears safeguard equipment from short-circuits and provide protection to individuals by limiting the current flow via the system to safe levels. In addition to this, they are highly reliable, can be controlled manually, and enhance the energy efficiency of a facility. Consequently, switchgears find wide-ranging applications across several sectors, such as residential, commercial, industrial, etc.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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India Switchgear Market Trends and Drivers:

The rising consumer awareness towards adopting renewable energy sources, including solar, water, wind, etc., is primarily driving the India switchgear market. Additionally, the implementation of various stringent regulations by government bodies that mandate the usage of smart grids and smart meters for accurate billing and to reduce technical losses is further catalyzing the market growth.

Besides this, the escalating demand for gas-insulated switchgears (GIS) in confined spaces, such as roofs, city buildings, office spaces, offshore platforms, extensions, industrial and hydropower plants, etc., owing to their reliability, cost-effectiveness, flexibility, environment-friendliness, etc., when compared with the air-insulated switchgears (AIS), is acting as another significant growth-inducing factor.

Moreover, the expanding transmission and distribution (T&D) networks and numerous technological advancements in the power distribution sector are anticipated to fuel the India switchgear market over the forecasted period.

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

Market 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

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-switchgear-market

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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About Us:

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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