India Switchgear (LV, MV, HV) Market Overview 2018 Featuring ABB, GE T&D, Havells, Larsen & Toubro Limited, Schneider Electric Infrastructure Limited & Siemens
DUBLIN, July 17, 2018 /PRNewswire/ --
The "India Switchgear (LV, MV, HV) Market Overview, 2018- 2023" report has been added to ResearchAndMarkets.com's offering.
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'India Switchgear (LV, MV, HV) Market Overview, 2018-2023', India overall market for Switchgear Industry is anticipated to grow more than 7% at the end of forecast period. Low Voltage Switchgear will be in dominance for the forecast period in switchgear Industry. In specific Medium and High Voltage switchgear market, Medium Voltage Custom Built products are in the dominance and are anticipated to be in dominance for the forecast period. Region-wise, North and South contribute more than 60% in the total market in the year 2016-17. LV switchgear has grown with less than 5% of CAGR in volume terms during review period. Besides, MV and HV switchgear is anticipated to have CAGR of more than 8% from 2017-18 to 2022-23.
The presence and advancement of adequate infrastructure is essential for sustained growth of the Indian economy. India's power sector is one of the most diversified in the world. Sources of power generation range from traditional sources, such as coal, lignite, natural gas, oil, hydro and nuclear power to viable non-conventional sources such as wind, solar, agricultural and domestic waste. Switchgear is necessary from the point of production of electricity to end users.
As the production units are using switchgear for the transmission and distribution purpose, industries application, substations, Circuit Breaker, etc. Air Insulated Switchgear, Gas Insulated Switchgear, Mixed technology (compact/hybrid solutions) are the main type of switchgear for High Voltage Switchgear. Electricity demand in India is on a climbing way, attributable to large scale industrialisation, infrastructure, power, real estate, and increased foreign investment in different sectors including manufacturing. Transmission and distribution segments in the country have ramped up their capacity addition programmes in the last two years with ambitious targets.
India ranks third among 40 countries in EY's Renewable Energy Country Attractiveness Index, on back of strong focus by the government on promoting renewable energy and implementation of projects in a time bound manner.In September 2017, the Government of India launched the Saubhagya scheme to provide electricity connections to over 40 million families in rural and urban areas by December 2018 at a cost of US$ 2.5 billion.
The Government of India has released its roadmap to achieve 175 GW capacities in renewable energy by 2022, which includes 100 GW of solar power and 60 GW of wind power. Wherever there is electricity, switchgear is needed, so increasing electricity demand increases the switchgear demand, which is driving the market.
Key Topics Covered:
1. Executive Summary
2. India Switchgear Market Outlook
2.1. Market Size
2.1.1. By value
2.1.2. By volume
2.1.3. By Average Selling Price
2.2. Market Share
2.2.1. By Segment
2.2.2. By Company
2.2.3. By End Users
2.2.4. By Region
3. Indian Low Voltage Switchgear Market Outlook
3.1. Market Size
3.1.1. By value
3.1.2. By Volume
3.1.3. By Average Selling Price
3.2. Market Share
3.2.1. By Segment
4. Medium and High Voltage Switchgear Market
4.1. Market Size
4.1.1. By Value
4.1.2. By Volume
4.1.3. By ASP
4.2. Market Share
4.2.1. By Segment
5. Governments Initiative in Electrical Industry
6. India Power Sector Overview
7. Company Profiles
7.1. ABB India Limited
7.2. GE T&D India Limited
7.3. Havells India Limited
7.4. Larsen & Toubro Limited
7.5. Schneider Electric Infrastructure Limited
7.6. Siemens Limited
For more information about this report visit https://www.researchandmarkets.com/research/6qjx4v/india_switchgear?w=5
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