PUBLISHER: TechNavio | PRODUCT CODE: 1693121
PUBLISHER: TechNavio | PRODUCT CODE: 1693121
The switchgear market in India is forecasted to grow by USD 6857.6 million during 2024-2029, accelerating at a CAGR of 9% 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, rise in number of residential and commercial building projects in India, and expanding transmission and distribution (T and D) networks in India.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 8% |
CAGR | 9% |
Incremental Value | $6857.6 mn |
Technavio's switchgear market in India is segmented as below:
By Type
By Installation Sites
By End-user
By Variant
By Geographical Landscape
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 companies and 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:
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 publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by 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 primary and secondary research. 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.
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