Low-voltage Switchgear Market in India 2023

Low-voltage Switchgear Market in India 2023

Low-voltage switchgear is designed to distribute and control electrical power to various loads, such as motors, lighting, and heating systems. It includes a range of components, such as circuit breakers, fuses, switches, and relays, that are used to protect the electrical system from overloads, short circuits, and other faults. The low-voltage switchgear market in India is likely to register a CAGR of over 10.8% with an incremental growth of USD 151.0 million during the forecast period 2023-2029.

This industry report offers market estimates of the India market, followed by a detailed analysis of the product, application, and region. The India market data on low-voltage switchgear can be segmented by product: air circuit breakers (ACB), change over switches (COS), contactors and relays (C&R), distribution boards (DB), miniature circuit breakers (MCB), molded case circuit breakers (MCCB), motor protection circuit breakers (MPCB), residual circuit breaker (RCD). The MCB segment was the largest contributor to the India low-voltage switchgear market in 2022. Low-voltage switchgear market is further segmented by application: agricultural, commercial, industrial, infrastructure, residential, utilities. According to the research, the industrial segment had the largest share in the low-voltage switchgear market in India. Based on region, the low-voltage switchgear market is segmented into: East India, North India, South India, West India.

The India low-voltage switchgear market is highly competitive. The key players in the low-voltage switchgear market include Schneider Electric SE (include L&T E&A), Siemens AG, Legrand S.A., ABB Ltd., Havells India Limited, C&S Electric Limited, BCH Electric Limited, HPL Electric & Power Limited.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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