India Switchgear (LV, MV, HV) Market Outlook, 2027-28

India Switchgear market is expected to grow with a CAGR of more than 5% in the forecasted period of FY 2022-23 to FY 2027-28. This report consist industry trends.

Featured Companies

  • 1. ABB India Limited
  • 2. Anchor Electricals Private Limited
  • 3. Bharat Heavy Electrical Limited
  • 4. GE T&D India Limited
  • 5. Havells India Limited
  • 6. Larsen & Toubro Limited
  • More...

“India Switchgear (LV, MV, HV) Market Outlook, 2027-28” gives a comprehensive analysis on the switchgear industry of India. The market has observed a consistent in last five years and is expected to continue growing in next few years. Power is one of the most critical components of infrastructure crucial for the economic development and welfare of countries. India’s power sector is one of the most diversified in the world. Electricity demand in the country has increased rapidly and is expected to rise further in the years to come. Power sector is booming in India which needs a switchgear from the generation of electricity to the end user which is commercial or residential electricity users.The major causes for the increase in the market are changes in mainly legal and political environmental factors such as demonetization, GST, smart cities project, government’s safety norms, rural electrification project, electricity for all, and new tariff plans.

India Switchgear market is expected to grow with a CAGR of more than 5% in the forecasted period of FY 2022-23 to FY 2027-28. The period will witness the dominance of Low Voltage Switchgear and the consumers will be shifting from conventional fuse method to switchgear like MCB, MCCB for home electrification. The major reason for so is the high economic development of India which has resulted in higher purchasing power to Indian consumer, changing preferences, Increase concern towards safety, brand awareness by different media etc. In Low Voltage Switchgear, market is still lead by Contactors, while there is a tough fight between products like MCB and ACB. Medium and High Voltage Market is expected to have stagnant growth over next 5 years. Government initiative and polices will help to rise both switchgear market, Low Voltage & Medium and High Voltage Switchgear Market. In India by region, North and South region combine covers more than 55% market share of India Switchgear Market.

Covered in the report:
• Low voltage switchgear

• Medium voltage switchgear

• High voltage switchgear

• Miniature Circuit Breaker

• Moulded Case Circuit Breaker

• Medium Voltage Custom Built Products

How it will help solving your strategic decision-making process??

The report gives an in-depth understanding of the Switchgear market in India, which consist of:
- India Switchgear Market Outlook
- India Switchgear Market Size By Value & Forecast
- India Switchgear Market Size By Volume& Forecast
- India Switchgear Market Segmental Analysis: By Segment, By Company, By End User, By Region
- India Low Voltage Switchgear Market Size By Value, Volume & Forecast
- India Medium and High Voltage Switchgear Market Size: By Value, Volume & Forecast
- India LV Relay and Timer Market Size By Value, Volume & Forecast
- India Contactors Market Size By Value, Volume & Forecast
- India LV Circuit Breaker MCB Market Size By Value& Forecast
- India HRC Fuse Market Size By Value, Volume & Forecast
- India ACB Market Size By Volume, Volume & Forecast
- India MV Custom Built Products Market Size By Value & Forecast
- India HV Outdoor Circuit Breaker Market Size By Value & Forecast
- India MV Indoor Circuit Breaker (Upto 33 KV) Market Size By Value & Forecast
- Product Price & Variant Analysis

This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Report Methodology
The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of switchgear products in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

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Arun Kalwani

Arun Kalwani

Research Analyst

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Arun Kalwani

Companies Mentioned

  • ABB India Limited
  • Anchor Electricals Private Limited
  • Bharat Heavy Electrical Limited
  • GE T&D India Limited
  • Havells India Limited
  • Larsen & Toubro Limited
  • Schneider Electric Infrastructure Limited
  • Siemens Limited
  • Toshiba Transmission & Distribution Systems (India) Private Limited
  • Kirloskar Electric Company Limited
  • HPL Electric & Power Limited
  • C&S Electric Limited

Table of Contents

  • Table of Content
  • 1. Executive Summary
  • 2. Market Structure
  • 2.1. Market Considerate
  • 2.2. Assumptions
  • 2.3. Limitations
  • 2.4. Abbreviations
  • 2.5. Sources
  • 2.6. Definitions
  • 2.7. India Macro Economic Indicators
  • 2.8. Demographics Insight
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. India Switchgear Market Outlook
  • 4.1. Market Size
  • 4.1.1. By Value
  • 4.1.2. By Volume
  • 4.2. Market Share
  • 4.2.1. By Region
  • 4.2.2. By End User
  • 4.2.3. By Segment
  • 4.2.4. By Company
  • 5. India Low Voltage Switchgear Market Outlook
  • 5.1. Market Size
  • 5.1.1. By Value
  • 5.1.2. By Volume
  • 5.2. Market Share By Segment
  • 5.3. LV Relay and Timer Market
  • 5.3.1. Market Size
  • 5.3.1.1. By Value
  • 5.3.2. By Volume
  • 5.4. Contactors Market
  • 5.4.1. Market Size
  • 5.4.1.1. By Value
  • 5.4.2. By Volume
  • 5.5. Motors Starter Market
  • 5.5.1. Market Size
  • 5.5.1.1. By Value
  • 5.5.2. By Volume
  • 5.6. Power Switches Market
  • 5.6.1. Market Size
  • 5.6.1.1. By Value
  • 5.6.2. By Volume
  • 5.7. Switch Fuse & Fuse Switch Units Market
  • 5.7.1. Market Size
  • 5.7.1.1. By Value
  • 5.7.2. By Volume
  • 5.8. LV Circuit Breaker MCB (Miniature circuit Breaker) Market
  • 5.8.1. Market Size
  • 5.8.1.1. By Value
  • 5.8.2. By Volume
  • 5.9. MCCB (Single and Multi pole) Market
  • 5.9.1. Market Size
  • 5.9.1.1. By Value
  • 5.9.2. By Volume
  • 5.10. ABC (Air Circuit Breaker) Market
  • 5.10.1. Market Size
  • 5.10.1.1. By Value
  • 5.10.2. By Volume
  • 5.11. HRC Fuse Market
  • 5.11.1. Market Size
  • 5.11.1.1. By Value
  • 5.11.2. By Volume
  • 5.12. Overload Relays Market
  • 5.12.1. Market Size
  • 5.12.1.1. By Value
  • 5.12.2. By Volume
  • 5.13. Others Low Voltage Switchgear Market
  • 5.13.1. Market Size
  • 5.13.1.1. By Value
  • 5.13.2. By Volume
  • 5.14. Medium and High Voltage Switchgear Market
  • 5.14.1. Market Size
  • 5.14.1.1. By Value
  • 5.14.2. By Volume
  • 5.15. Market Share By Segment
  • 5.16. Isolated Switches Market
  • 5.16.1. Market Size
  • 5.16.1.1. By Value
  • 5.16.2. By Volume
  • 5.17. MV Outdoor Circuit Breaker (upto 33KV) Market
  • 5.17.1. Market Size
  • 5.17.1.1. By Value
  • 5.17.2. By Volume
  • 5.18. MV Indoor Circuit Breaker (upto 33KV) Market
  • 5.18.1. Market Size
  • 5.18.1.1. By Value
  • 5.18.2. By Volume
  • 5.19. HV Outdoor Circuit Breaker (Above and Including 66KV) Market
  • 5.19.1. Market Size
  • 5.19.1.1. By Value
  • 5.19.2. By Volume
  • 5.20. MV Custom Built Products Market
  • 5.20.1. Market Size
  • 5.20.1.1. By Value
  • 5.20.2. By Volume
  • 5.21. Product Price & Variant Analysis
  • 6. Trade Dynamics
  • 6.1. Import
  • 6.2. Export
  • 7. Market Dynamics
  • 7.1. Drivers
  • 7.2. Challenges
  • 8. Market Trends & Developments
  • 8.1. Increasing Utilization of Power
  • 8.2. Expanded Adoption of Compact GIS in Substations
  • 8.3. Focus on Standardized Designs of Switchgears
  • 8.4. Move Towards Upgraded Switchgear Technology
  • 8.5. Wide availability through E-commerce market
  • 9. Competitive Landscape
  • 9.1. Porter`s Five Forces
  • 9.2. Company Profiles
  • 9.2.1. ABB India Limited
  • 9.2.1.1. Company Snapshot
  • 9.2.1.2. Company Overview
  • 9.2.1.3. Financial Highlights
  • 9.2.1.4. Geographic Spread and Distribution network
  • 9.2.1.5. Business Segment & Performance
  • 9.2.1.6. Product Portfolio
  • 9.2.1.7. Key Executives
  • 9.2.1.8. Strategic Moves & Developments
  • 9.2.2. Anchor Electricals Private Limited
  • 9.2.3. Bharat Heavy Electrical Limited
  • 9.2.4. GE T&D India Limited
  • 9.2.5. Havells India Limited
  • 9.2.6. Larsen & Toubro Limited
  • 9.2.7. Schneider Electric Infrastructure Limited
  • 9.2.8. Siemens Limited
  • 9.2.9. Toshiba Transmission & Distribution Systems (India) Private Limited
  • 10. Strategic Recommendation’s
  • 11. Disclaimer

List of Table

Table 1: India Tier-wise Classification Of Cities
Table 2: India Region-wise Classification Of Cities
Table 3: India Switchgear market Share By Segment (2016-17, 2021-22 & 2027-28F)
Table 4: India Switchgear market Share By Segment (2016-17, 2021-22 & 2027-28F)
Table 5: India Switchgear market Share By Company (2016-17, 2021-22 & 2027-28F)
Table 6: India Low Voltage Switchgear market Share By Segment (2016-17, 2021-22 & 2027-28F)
Table 7: India Medium and High Voltage Switchgear market Share By Segment (2016-17, 2021-22 & 2027-28F)
Table 8: HS Code for India Switchgear (LV,MV,HV) Market in India 2021
Table 9: Import Duty Structure for HS Code XXXX in India 2021
Table 10: Import of HS Code XXXX in India - Value & Volume 2016-17 to 2021-22
Table 11: Import of HS Code XXXX in India - By Country By Value &Volume Share 2021-22
Table 12: Export of HS Code XXXX in India - Value & Volume 2016-17 to 2021-22
Table13: Export of HS Code XXXX in India - By Country By Value &Volume Share 2021-22

List of Figures

Figure 1: India Population 2017-2021( In Crore)
Figure 2: India Population Age Structure (EST. 2019)
Figure 3: India Urban VS Rural (Crore)
Figure 4: India Switchgear Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 5: India Switchgear Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 6: India Frozen Food Market Share By Value, By Region,( 2016-2017, 2021-22 & 2027-28F)
Figure 7: India Low Voltage Switchgear Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 8: India Low Voltage Switchgear Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 9: India LV Relay and Timer Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 10: India LV Relay and Timer Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 11: India Contactors Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 12: India Contactors Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 13: India Motors Starter Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 14: India Motors Starter Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 15: India Power Switches Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 16: India Power Switches Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 17: India Switch Fuse & Fuse Switch Units Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 18: India LV Relay and Timer Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 19: India LV Circuit Breaker MCB (Miniature Circuit Breaker) Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 20: India LV Circuit Breaker MCB (Miniature Circuit Breaker) Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 21: India MCCB (Single and Multi Pole) Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 22: India MCCB (Single and Multi Pole) Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 23: India ABC (Air Circuit Breaker) Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 24: India MCCB (Single and Multi Pole) Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 25: India HRC Fuse Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 26: India HRC Fuse Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 27: India Overload Relays Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 28: India Overload Relays Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 29: India Others Low Voltage Switchgear Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 30: India Others Low Voltage Switchgear Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 31: India Medium and High Voltage Switchgear Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 32: India Medium and High Voltage Switchgear Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 33: India Isolated Switches Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 34: India Isolated Switches Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 35: India MV Outdoor Circuit Breaker (upto 33 KV) Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 36: India MV Outdoor Circuit Breaker (upto 33 KV) Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 37: India MV Indoor Circuit Breaker (upto 33 KV) Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 38: India MV Indoor (upto 33 KV) Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 39: India HV Outdoor Circuit Breaker (Above and Including 66KV) Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 40: India HV Outdoor Circuit Breaker (Above and Including 66KV) Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 41: India MV Custom Built Product Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 42: India MV Custom Built Product Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 43: Porter's Five Forces of India Switchgear(LV,MV,HV) Market

Feed Phosphate Market Research FAQs

The expected CAGR is around 5% for the India Switchgear market to grow during the forecast period.

Indian Switchgear Market is segmented into three parts: Low Voltage Switchgear, Medium Voltage Switchgear, and High Voltage Switchgear. Low Voltage Switchgear dominates the current switchgear market in India and is expected to continue.

Region-wise Indian Switchgear Market can be divided into four parts, North, South, East, and West. North and South combined cover more than 55% market share.

By end-users, the market can be divided into, Residential, Commercial, Industrial, Power Utilities, Infrastructure, and Transportation. Industrial holds the largest market share.

the Major Companies in the Indian Switchgear Market are Abb India Limited, Larsen & Toubro Limited, Siemens Limited, Schneider Electric Infrastructure Limited, Havells India Limited, GE T&D India Limited, Panasonic Life Solutions India Private Limited, and CG Power and Industrial Solutions Limited.

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India Switchgear (LV, MV, HV) Market Outlook, 2027-28

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