IMARC Group’s latest research report, titled “India Switchgear Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. The India switchgear market size is expected to exhibit a CAGR of 7.1% during 2022-2027. Switchgear is a centralized collection of circuit protection devices, including fuses, circuit breakers, and functioning switches that aid in controlling, protecting, and isolating power systems. Switchgears trigger and automatically interrupt the flow of power to protect the electrical systems from damage during electrical surges. They are also instrumental in de-energizing equipment for safe testing, fault clearing, and maintenance. They find extensive application in electric utility transmission and distribution systems. Switchgear is a switching device comprising switches, fuses, circuit breakers, isolators, relays, current and potential transformers, indicating instruments, lightning arresters, and control panels.
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Important Attribute and highlights of the Report:
- Detailed analysis of the market share
- Market Segmentation by voltage type, insulation, installation and end use.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for India Switchgear Market
- Strategies of major players and product offerings
The market is primarily driven by the rising energy demand across India. This demand is further supported by the continual developments in the power distribution sector and the increasing implementation of smart grids and meters. Moreover, the extension and replacement of old switchgear at sub-stations have resulted in the higher sales of gas-insulated switchgear equipment, thereby augmenting the market growth. Additionally, rapid industrialization, the implementation of stringent carbon emission control standards, and the rising awareness regarding the benefits of renewable energy are further propelling the market growth across the country. It is highly reliable, can be controlled manually, works with speed, and enhances the energy efficiency and safety of a facility. As a result, it is used for de-energizing equipment for safe testing, maintenance, and fault clearing in various industries, such as commercial, residential, and industrial.
COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India switchgear market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on voltage type, insulation, installation and end use.
Breakup by Voltage Type:
Breakup by Insulation:
- Gas Insulated Switchgear (GIS)
- Air Insulated Switchgear (AIS)
Breakup by Installation:
Breakup by End Use:
Breakup by Region:
- North India
- West and Central India
- South India
- East India
TOC for the India Switchgear Market Research Report:
- Scope and Methodology
- Executive Summary
- India Switchgear Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Also Read: https://urbanlymodern.com/vehicle-tracking-system-market-2022-us-45-1-bn-by-2027/
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