India LV and MV Switchgear Market 2014-2018

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India LV and MV Switchgear Market 2014-2018

This information is from researchandmarkets.com

The LV and MV Switchgear market in India to grow at a CAGR of 12.05% over the period 2013-2018.

A switchgear is a combination of components such as switches and circuit breakers that are used for controlling and distributing electric current across end-users. The use of a switchgear enables continuous transfer of electric current while protecting against current overload, short circuit, and insulation failure. It also provides safe isolation from current-driven parts and modifies the load-carrying system at each level of installation. Switchgears are divided into three types based on its load-bearing capacity: Low-voltage (LV) switchgear, medium-voltage (MV) switchgear, and high-voltage switchgear. Switchgears are used across various sectors such as Commercial, Residential, Infrastructure, T&D, Power, and Others.

One of the major trends in the market is the replacement of old switchgear with innovative switchgear across industries. The market has witnessed the replacement of conventional air-insulated switchgear, where the individual components required complex individual installation space, with new and innovative switchgear.

According to the report, an increased infrastructure development undertaken by the Indian government is one of the major factors that have contributed to the market growth. Massive investments have led to an increased growth of the Infrastructure sector in India leading to a rise in the demand for switchgear across that sector.

Further, the report states that one of the major challenges that the market faces is the high initial investment. The need to provide new and innovative switchgear with advanced functionalities requires a large cash outlay.

Key Questions Answered in this Report:

What will the market size be in 2018 and what will the growth rate be?

What are the Key Market Trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors

Key Market Drivers/Challenges/Trends

Increased Infrastructure Development Undertaken by the Government of India

High Initial Investment

Replacement of Old Switchgears with Innovative Switchgears in Industries

Key Vendors:

ABB

Crompton Greaves

Larsen and Turbo

Schneider Electric

Siemens

Other Prominent Vendors

BCH Electric

BHEL

C&S Electric

Easun Reyrolle

Havells India

HPL Group

Jyothi

Legrand

Megawin Switchgear

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