Market Overview:
The India switchgear market is expected to exhibit a CAGR of 7.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Switchgear is a switching device comprising switches, fuses, circuit breakers, isolators, relays, current and potential transformers, indicating instruments, lightning arresters, and control panels. It controls, protects, and isolates power systems from damage during an electrical surge. It is highly reliable, can be controlled manually, works with speed, and enhances the energy efficiency and safety of a facility. As a result, it is used for de-energizing equipment for safe testing, maintenance, and fault clearing in various industries, such as commercial, residential, and industrial.
India Switchgear Market Trends:
At present, there is a rise in the demand for switchgear in India due to several developments in the power distribution sector. This, coupled with the growing implementation of smart grids and smart meters for accurate billing and reducing fraud and technical losses in the country, represents one of the key factors driving the market. Moreover, the Government of India is investing in infrastructure development schemes. This, along with the rising demand for electricity due to rapid industrialization and urbanization in the country, is propelling the growth of the market. In addition, there is an increase in the demand for gas insulated switchgear (GIS) as they are more reliable, environment-friendly, and flexible compared to air-insulated switchgear (AIS). This, in confluence with the growing application of GIS in power transmission and the integration of renewable power generation units in grids, is positively influencing the market. Besides this, the escalating demand for replacing conventional switchgear at sub-stations is offering lucrative growth opportunities to industry investors. Additionally, the increasing awareness among individuals to adopt renewable energy sources, such as solar, water, and wind, is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India switchgear market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on 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:
Breakup by End Use:
- Commercial
- Residential
- Industrial
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Million |
| Segment Coverage |
Voltage Type, Insulation, Installation, End Use, Region |
| Region Covered |
North India, West and Central India, South India, East India |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the India Switchgear market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the India Switchgear market?
- What are the key regional markets?
- What is the breakup of the market based on the voltage type?
- What is the breakup of the market based on the insulation?
- What is the breakup of the market based on the installation?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the India Switchgear market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 India Switchgear Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Voltage Type
6.1 Low-Voltage
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Medium-Voltage
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 High-Voltage
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Insulation
7.1 Gas Insulated Switchgear (GIS)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Air Insulated Switchgear (AIS)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Installation
8.1 Indoor
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Outdoor
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End Use
9.1 Commercial
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Residential
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Industrial
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North India
10.1.1 Market Trends
10.1.2 Market Breakup by State
10.1.3 Market Forecast
10.2 West and Central India
10.2.1 Market Trends
10.2.2 Market Breakup by State
10.2.3 Market Forecast
10.3 South India
10.3.1 Market Trends
10.3.2 Market Breakup by State
10.3.3 Market Forecast
10.4 East India
10.4.1 Market Trends
10.4.2 Market Breakup by State
10.4.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Policy and Regulatory Landscape
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
List of Figures
Figure 1: India: Switchgear Market: Major Drivers and Challenges
Figure 2: India: Switchgear Market: Sales Value (in Million US$), 2016-2021
Figure 3: India: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: India: Switchgear Market: Breakup by Voltage Type (in %), 2021
Figure 5: India: Switchgear Market: Breakup by Insulation (in %), 2021
Figure 6: India: Switchgear Market: Breakup by Installation (in %), 2021
Figure 7: India: Switchgear Market: Breakup by End Use (in %), 2021
Figure 8: India: Switchgear Market: Breakup by Region (in %), 2021
Figure 9: India: Switchgear (Low-Voltage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: India: Switchgear (Low-Voltage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: India: Switchgear (Medium-Voltage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: India: Switchgear (Medium-Voltage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: India: Switchgear (High-Voltage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: India: Switchgear (High-Voltage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: India: Switchgear (Gas Insulated Switchgear (GIS)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: India: Switchgear (Gas Insulated Switchgear (GIS)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: India: Switchgear (Air Insulated Switchgear (AIS)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: India: Switchgear (Air Insulated Switchgear (AIS)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: India: Switchgear (Other Insulations) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: India: Switchgear (Other Insulations) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: India: Switchgear (Indoor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: India: Switchgear (Indoor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: India: Switchgear (Outdoor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: India: Switchgear (Outdoor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: India: Switchgear (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: India: Switchgear (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: Switchgear (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: India: Switchgear (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: India: Switchgear (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: India: Switchgear (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North India: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North India: Switchgear Market: Breakup by State (in %), 2021
Figure 33: North India: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: West and Central India: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: West and Central India: Switchgear Market: Breakup by State (in %), 2021
Figure 36: West and Central India: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: South India: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: South India: Switchgear Market: Breakup by State (in %), 2021
Figure 39: South India: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: East India: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: East India: Switchgear Market: Breakup by State (in %), 2021
Figure 42: East India: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Switchgear Industry: SWOT Analysis
Figure 44: India: Switchgear Industry: Value Chain Analysis
Figure 45: India: Switchgear Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: India: Switchgear Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Switchgear Market Forecast: Breakup by Voltage Type (in Million US$), 2022-2027
Table 3: India: Switchgear Market Forecast: Breakup by Insulation (in Million US$), 2022-2027
Table 4: India: Switchgear Market Forecast: Breakup by Installation (in Million US$), 2022-2027
Table 5: India: Switchgear Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 6: India: Switchgear Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: India: Switchgear Market: Competitive Structure
Table 8: India: Switchgear Market: Key Players