India Switchgear Market by Product Type, Distribution Channel, End User 2023-2028

Author: Elena Anderson

Marketing Manager

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India Switchgear Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " India Switchgear Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-202 8

," the india switchgear market size reached US$ 10 Million in 2022.

Switchgear refers to equipment designed to control, regulate, and switch on and off the electrical circuit. Some of the main components of switchgear include switches, fuses, circuit breakers, isolators, relays, indicating instruments, lightning arresters, control panels, and current and potential transformers. It isolates and protects power systems from damage during short circuits and fault currents and safeguards individuals by limiting the current flow through the system to safe levels.

It also helps improve energy efficiency and safety in a facility and offers reliability, speed, and manual control. As a result, switchgear finds extensive applications across residential, commercial, and industrial sectors to de-energize equipment for safe testing, maintenance, and fault clearing.

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India Switchgear Market Trends:

In India, significant developments in transmission and distribution (T&D) networks represent the primary factor driving market growth. Besides this, the rising demand for electricity due to rapid industrialization and urbanization is another major growth-inducing factor. In addition, gas-insulated switchgear (GIS) is rapidly gaining popularity over air-insulated switchgear (AIS) due to its reliability, environment-friendliness, flexibility, low maintenance, and protection against external elements. In line with this, the increasing adoption of smart grids and smart meters across the country for accurate billing and reducing fraud and technical losses has augmented product demand. Furthermore, the government of India (GOI) is extensively investing in infrastructure development schemes, such as Make in India, Digital India, Smart Cities, Integrated Power Development Scheme, and Atal Mission for Rejuvenation and Urban Transformation. Along with this, owing to the rising environmental concerns, the shifting inclination toward renewable energy sources, such as solar, water, and wind, to reduce carbon emissions is positively influencing market growth. Other factors, including the expanding power distribution sector, integration of renewable power generation units in grids, emerging GIS applications in power transmission, product innovations, and technological advancements, are also providing a positive thrust to the market growth.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/india-switchgear-market

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Key Market Segmentation

The research report includes the following segments:

Voltage Type Insights:

• Low-Voltage

• Medium-Voltage

• High-Voltage

Insulation Insights:

• Gas Insulated Switchgear (GIS)

• Air Insulated Switchgear (AIS)

• Others

Installation Insights:

• Indoor

• Outdoor

End Use Insights:

• Commercial

• Residential

• Industrial

Regional Insights:

• North India

• West and Central India

• South India

• East India

1. What was the size of the India switchgear market in 2022?

2. What is the expected growth rate of the India switchgear market during 2023-2028?

3. What are the key factors driving the India switchgear market?

4. What has been the impact of COVID-19 on the India switchgear market?

5. What is the breakup of the India switchgear market based on the voltage type?

6. What is the breakup of the India switchgear market based on the insulation?

7. What is the breakup of the India switchgear market based on the installation?

8. What is the breakup of the India switchgear market based on the end use?

9. What are the key regions in the India switchgear market?

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