India Switchgear (LV, MV, HV) Market Outlook, 2023' gives a comprehensive analysis on the switchgear industry of India. The market has observed a consistent in last five years and is expected to continue growing in next few years. Power is one of the most critical components of infrastructure crucial for the economic development and welfare of countries. India's power sector is one of the most diversified in the world. Electricity demand in the country has increased rapidly and is expected to rise further in the years to come. Power sector is booming in India which needs a switchgear from the generation of electricity to the end user which is commercial or residential electricity users.The major causes for the increase in the market are changes in mainly legal and political environmental factors such as demonetization, GST, smart cities project, government's safety norms, rural electrification project, electricity for all, and new tariff plans.
India Switchgear market is expected to grow with a CAGR of more than 7% in the forecasted period of FY 2017-18 to FY 2022-23. The period will witness the dominance of Low Voltage Switchgear and the consumers will be shifting from conventional fuse method to switchgear like MCB, MCCB for home electrification. The major reason for so is the high economic development of India which has resulted in higher purchasing power to Indian consumer, changing preferences, Increase concern towards safety, brand awareness by different media etc. In Low Voltage Switchgear, market is still lead by Contactors, while there is a tough fight between products like MCB and ACB. Medium and High Voltage Market is expected to have stagnant growth over next 5 years. Government initiative and polices will help to rise both switchgear market, Low Voltage and Medium and High Voltage Switchgear Market. In India by region, North and South region combine covers more than 55% market share of India Switchgear Market.
Covered in the report:
* Low voltage switchgear
* Medium voltage switchgear
* High voltage switchgear
* Miniature Circuit Breaker
* Moulded Case Circuit Breaker
* Medium Voltage Custom Built Products
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The report gives an in-depth understanding of the Switchgear market in India, which consist of:
- India Switchgear Market Outlook
- India Switchgear Market Size By Value and Forecast
- India Switchgear Market Size By Volumeand Forecast
- India SwitchgearMarket Segmental Analysis: By Segment, By Company, By End User, By Region
- India Low Voltage Switchgear Market Size By Value, Volume and Forecast
- India Medium and High Voltage Switchgear Market Size: By Value, Volume and Forecast
- India LV Relay and Timer Market Size By Value, Volume and Forecast
- India Contactors Market Size By Value, Volume and Forecast
- India LV Circuit Breaker MCB Market Size By Valueand Forecast
- India HRC Fuse Market Size By Value, Volume and Forecast
- India ACB Market Size By Volume, Volume and Forecast
- India MV Custom Built Products Market Size By Value and Forecast
- India HV Outdoor Circuit Breaker Market Size By Value and Forecast
- India MV Indoor Circuit Breaker (Upto 33 KV) Market Size By Value and Forecast
- Product Price and Variant Analysis
This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.
The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of switchgear products in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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