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.
The analysts forecast the LV and MV Switchgear market in India to grow at a CAGR of 12.05 percent over the period 2013-2018.
The LV and MV Switchgear market in India can be divided into two segments based on product: LV Switchgear and MV Switchgear.
The report, the LV and MV Switchgear Market in India 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers India; it also covers the country's LV and MV Switchgear market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Product
08. LV Switchgear Market in India by Product Segmentation
09. MV Switchgear Market in India by Product Segmentation
10. LV Switchgear Market in India by End-User Segmentation
11. MV Switchgear Market in India by End-User Segmentation
12. Geographical Segmentation
13. Buying Criteria
14. Market Growth Drivers
15. Drivers and their Impact
16. Market Challenges
17. Impact of Drivers and Challenges
18. Market Trends
19. Trends and their Impact
20. Vendor Landscape
21. Key Vendor Analysis
22. Other Reports in this Series
- Crompton Greaves
- Larsen and Turbo
- Schneider Electric
- BCH Electric
- C&S Electric
- Easun Reyrolle
- Havells India
- HPL Group
- Megawin Switchgear
For more information visit http://www.researchandmarkets.com/research/hlvlmw/lv_and_mv
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SOURCE Research and Markets