Jan 15, 2018   SOURCE: BusinessWire

Indian Low Voltage (LV) Switchgear Market 2017 - Forecast to 2021 - Research and Markets

The "Indian Low Voltage (LV) Switchgear Market, Forecast to 2021" report has been added to ResearchAndMarkets.com's offering.

This research service analyzes the Indian LV switchgear market for the calendar year 2016 and uses insights from manufacturers, channel partners, and end users to identify drivers and restraints for the market for the next 5 years.

The study further looks at product-wise segments of the market and their individual performance. Further, it describes trends by end users and identifies market opportunities for the future. Increased government spending on infrastructure projects and emerging new segments (renewable and metro rail) are expected to drive the demand for LV switchgear products. Investing in developing R&D capabilities and moving toward a solution provider rather than simply selling products (especially for industrial and infrastructure customers) will lead to increase in sales and increase market share.

Market Outlook:

Renewable energy (solar and wind), infrastructure projects (metro, airports, and ports), and smart cities are the emerging segments and will drive the LV switchgear demand over the next 8-10 years.

With increasing competition from new and unorganized suppliers, established MNCs are finding it difficult to sustain the margins; this might result in the market consolidation where MNCs might exit the non-core LV switchgear business.

Market Drivers:

  • Increased government spending on infrastructure projects
  • Emerging segments such as renewable and metro rail to have significant demand
  • Revival of manufacturing segment driven by policy initiatives such as Make in India

Market Restraints:

  • Increasing pricing pressure due to high competition
  • Weak domestic investment cycle is causing delay of the economic recovery
  • Uncertainty and slowness in pace of reforms for power sector

Key Topics Covered:

1. Executive Summary

2. Research Scope And Deliverables

3. Market Overview

4. External Challenges: Drivers And Restraints - Total Lv Switchgear Market

5. Forecasts And Trends - Total Lv Switchgear Market

6. Market Share And Competitive Analysis - Total Lv Switchgear Market

7. Growth Opportunities In Indian Lv Switchgear Market

8. Air Circuit Breaker (Acb)

9. Molded Case Circuit Breaker (Mccb)

10. Motor Protection Circuit Breaker (Mpcb)

11. Change Over Switch (Cos)

12. Contactors And Relays (C&R)

13. Miniature Circuit Breaker (Mcb), Residual Current Device (Rcd), And Distribution Board (Db)

14. Switching Devices (Sd)

15. Motor Starter

16. The Last Word

17. Appendix

Companies Mentioned

  • ABB
  • Anchor
  • BCH Electric
  • C&S Electric
  • Eaton
  • Gem
  • Hager
  • Havells
  • HPL
  • Indoasian
  • L&T
  • Legrand
  • Mitsubishi
  • Schneider Electric
  • Siemens

For more information about this report visit https://www.researchandmarkets.com/research/phlg4g/indian_low?w=4