India switchgear market forecast & opportunities, 2023 brochure

2013 – 2023 India Switchgear Market B y Typ e , B y Ap p l i c a t i o n , B y E n c l o s u r e ,

By Region, Competition Forecast & Opportunities

Published : May, 2018

Market Intelligence . Consulting

Ta b l e o f C o n t e n t s S. No.

Contents

1.

Product Overview

2.

Research Methodology

3.

Analyst View

4.

Voice of Distributor

5.

4.1.

Switchgear, By Type

4.2.

Switchgear, By End User

4.3.

Switchgear, By Brand Offering

4.4.

Key Selling Price Range for MCB

India Switchgear Market Outlook 5.1.

Market Size & Forecast 5.1.1.

5.2.

Market Share & Forecast

5.2.2.

By Type (Low Voltage (Up to 1 kV), and Medium Voltage (Between 1.1 kV and 40 kV) & High Voltage (Above 40 kV))

By Application (Residential, Industrial, Commercial, and Infra & Power Utilities)

5.2.3.

By Enclosure (MCB & MCCB, RCCB & ELCB, ACB, DB, and Other Switching Devices)

5.2.4.

By Region (North, South, East and West)

5.2.5.

By Company

5.2.1.

5.3.

6.

By Value & Volume

Market Attractiveness Index 5.3.1.

By Type

5.3.2.

By Application

5.3.3.

By Enclosure

5.3.4.

By Region

India Infra & Power Utilities Switchgear Market Outlook 6.1.

Market Size & Forecast 6.1.1.

6.2.

By Value & Volume

Market Share & Forecast 6.2.1.

By Type

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Ta b l e o f C o n t e n t s S. No.

7.

Contents 6.2.2.

By Enclosure

6.2.3.

By Region

6.2.4.

By Company

India Industrial Switchgear Market Outlook 7.1.

Market Size & Forecast 7.1.1.

7.2.

8.

Market Share & Forecast 7.2.1.

By Type

7.2.2.

By Enclosure

7.2.3.

By Region

7.2.4.

By Company

India Residential Switchgear Market Outlook 8.1.

Market Size & Forecast 8.1.1.

8.2.

9.

By Value & Volume

By Value & Volume

Market Share & Forecast 8.2.1.

By Type

8.2.2.

By Enclosure

8.2.3.

By Region

8.2.4.

By Company

India Commercial Switchgear Market Outlook 9.1.

Market Size & Forecast

9.1.1.

9.2.

By Value & Volume

Market Share & Forecast 9.2.1.

By Type

9.2.2.

By Enclosure

9.2.3.

By Region

9.2.4.

By Company

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Ta b l e o f C o n t e n t s S. No. 10.

Contents Market Dynamics 10.1.

Drivers

10.2.

Challenges

11.

Market Trends & Developments

12.

Price Point Analysis

13.

Policy & Regulatory Landscape

14.

India Economic Profile

15.

Competitive Landscape 15.1.

Competitive Benchmarking

15.2.

Company Profiles 15.2.1.

Larsen & Toubro Limited

15.2.2.

ABB India Limited

15.2.3.

Siemens Ltd.

15.2.4.

Havells India Ltd.

15.2.5.

CG Power And Industrial Solutions Limited

15.2.6.

Schneider Electric Infrastructure Limited

15.2.7.

Legrand India Pvt. Ltd.

15.2.8.

GE T&D India Limited

15.2.9.

HPL Electric and Power Limited

15.2.10.

C&S Electric Limited

16.

Strategic Recommendations

17.

About Us & Disclaimer

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Product Overview

•

Switchgear is a combination of various electronic devices such as circuit breakers, electrical disconnect switches, fuses, etc., used for monitoring, regulating and controlling the electrical installations. It is also deployed for de-energizing equipment installations and clearing downstream faults to enable their proper working.

•

One of the major and basic functions of switchgear is to safeguard the installation against overload fault currents, short-circuits, etc., and maintain the flow of service to unaffected circuits. It is also used to enhance availability of systems by enabling multi-sources to feed the load.

•

Major components of a switchgear include the power conducting components, such as switches, fuses, circuit breakers, etc., which help in conducting or interrupting flow of electrical power, and the control systems, such as control panels, potential transformers, current transformers, protective relays, etc., to control, monitor as well as safeguard the above-mentioned power conducting components.

•

Switchgears are majorly categorized into Low Voltage Switchgears (upto 1 kV), Medium Voltage Switchgears (1.1 kV to 40 kV) and High Voltage Switchgears (above 40 kV). Low voltage switchgears are placed within a building, however the medium and high voltage switchgears can be mounted indoor or outdoors.

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Research Methodology Baseline Methodology ➢ Our dedicated team of industry experts has comprehensively monitored and analyzed various aspects of the India switchgear market. The team has analyzed various industry segments and speculated a positive future for the India switchgear market in the coming years. Taking into consideration strategic alliances, capital investments, etc., our team of analysts has provided a prudent analysis of the industry’s performance in the future. This would enable our clients in planning their investment decisions and exploring growth opportunities in the India switchgear market. ➢ For our study, we have gathered information through primary research surveys with vendors and service providers of switchgear across the country, followed by an exhaustive search of credible paid databases. Our team of experts has then prudently evaluated all the collected information and organized it in chronological order to depict a meaningful and clear picture of the India switchgear market. ➢ In addition, while compiling the data, we have also validated all the collected information from multiple sources and data warehouses in order to present the most accurate and precise information of the India switchgear market. We have also identified and analyzed all emerging trends, including important drivers and challenges that the India switchgear market is confronting. We have presented various forecasts for the industry based on our in-depth analysis of market dynamics, prevalent trends, major developments and growth opportunities. ➢ Note: Currency exchange rate taken in the report for 2013-2023 is 1 USD = INR 67.08.

Companies Interviewed

Larsen & Toubro Limited, ABB India Limited, Siemens Ltd., Havells India Ltd., CG Power And Industrial Solutions Limited, etc.

Sources: Company Annual Reports & Corporate Presentations, Hoovers, Factiva, News Article, Press Releases, etc.

6 ©TechSci Research

Industry Brief

India Switchgear Market to Witness 15% CAGR until 2023 According to TechSci Research report, “India Switchgear Market By Type, By Application, By Enclosure, Competition Forecast and Opportunities, 2013-2023’’, India switchgear market is projected to grow at a CAGR of over 15% during the forecast period on account of increasing electrification across rural India, rising number of infrastructure development projects, and various initiatives by central and state governments for increasing power supply and modernization of power plants. In addition, increasing demand for renewable sources of power like solar, thermal and wind is pushing the government to make investments in the same, which is further positively affecting India switchgear market. Moreover, rising need to safeguard the power transmission and installation infrastructure across end use sectors is expected to steer growth in India switchgears market in the coming years.

In 2017, low voltage switchgears segment dominated India switchgears market and the segment is expected to maintain its dominance through 2023 as well. However, the market share of medium & high voltage switchgears is also expected to grow in the coming years due to rising demand for components like indoor and outdoor circuit breakers, custom built medium voltage products, etc. In 2017, Infra & Utilities applications segment generated the highest revenue in India switchgear market, however, its market share is anticipated to decline during the forecast period due to higher growth demand anticipated from the country’s industrial sector. On the basis of enclosure type, India switchgear market is segmented into MCB & MCCB, ACB, DB, RCCB & ELCB and other switching devices, with the first two types dominating the market. Larsen & Toubro Limited is the leading player in India switchgear market, followed by ABB India Limited and Siemens Ltd. “Southern region is the leading regional switchgear market in India on account of increasing and large-scale developments in the residential, commercial and industrial sectors. However, in the coming years, demand from Northern India is expected to increase and grow at a faster pace due to rising rural electrification and increasing number of urban households in the region. Moreover, establishment of efficient power distribution networks across the country coupled with rising government focus towards electrifying each and every household in the country is anticipated to drive growth in India switchgear market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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Sample Data-Snapshot Figure 2: Switchgear, By End User,

Figure

2018 (N=X)

Market Share, By Company, By

13:

India

Switchgear

Figure 12: India Switchgear Market Size, By Region, By Value, 2018E–2023F (USD Million)

Value, 2017

East

2017

Others, 10.00%

Residential

Figure

Commercial

3:

Industrial

Switchgear,

Schneider , 10.00%

Infra & Utilities

By

ABB, 10.00%

Brand

Legrand, 10.00%

Havells, 10.00%

L&T

ABB

Siemens

Schneider

Others

Figure 7: India Switchgear Market Share, By Type, By Value, 2013-2023F

70.00%70.00%70.00%70.00%70.00%70.00%70.00%70.00%70.00%70.00%70.00%

2018E 2019F 2020F 2021F 2022F 2023F

2018E

2019F

2018E

2019F

2020F

2021F

2020F

2021F

2022F

2023F

South

West

Siemens, 10.00%

Crompton Greaves, 10.00%

Offering, 2018 (N=XX)

North

L&T, 10.00%

2022F

2023F

2018E

2019F

2020F

2021F

2022F

2023F

Figure 29: India Industrial Switchgear

Market Share, By Company, By Value,

Figure 17: India Switchgear Market Attractiveness Index, By Region, By Value, 2018E-2023F

2017

2017

Others, 10.00%

L&T, 10.00%

20.00% 18.00% 16.00% 14.00%

30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%

ABB, 10.00%

Schneider , 10.00%

12.00% East

10.00% North

8.00% West

6.00% 4.00% 2013

2014

2015

2016

Low Voltage

2017

2018E 2019F 2020F 2021F 2022F 2023F

Medium Voltage / High Voltage

Cromptom Greaves,…

Siemens, 10.00%

South

2.00% 0.00% 0.00

1.00

2.00

3.00

4.00

5.00

Havells, 10.00%

Source: XXXXX Note: These are dummy figures; please purchase our report for actual data

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Report Name: India Switchgear Market By Type, By Application, By Enclosure, Competition Forecast and Opportunities,2023

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About Us & Disclaimer About Us TechSci Research is a India market research and consulting company with offices in the US, the UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both

industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and India industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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