DUBLIN--(BUSINESS WIRE)--The "India Switchgear (LV, MV, HV) Market Overview, 2018- 2023" report has been added to ResearchAndMarkets.com's offering.
India Switchgear market is expected to grow with a CAGR of more than 7% in the forecasted period of next 5 years from FY 2017-18 to FY 2022-23.
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.
Low Voltage Switchgear market is dominating in India from more than last 5 years and it will continue to dominate. Low Voltage Switchgear market is formed by commercial, residential buildings, real estate industry, and construction sector. Medium and High Voltage Switchgear is expected to have stagnant growth during the forecast period 2023. In India by region, North and South region combine covers more than 55% market share of India Switchgear Market.
Key Topics Covered:
1. Executive Summary
2. India Switchgear Market Outlook
3. Indian Low Voltage Switchgear Market Outlook
4. Medium and High Voltage Switchgear Market
5. Governments Initiative in Electrical Industry
6. India Power Sector Overview
7. Company Profiles
- ABB India Limited
- GE T&D India Limited
- Havells India Limited
- Larsen & Toubro Limited
- Schneider Electric Infrastructure Limited
- Siemens Limited
For more information about this report visit https://www.researchandmarkets.com/research/x54nd4/india_switchgear?w=4