Switchgear Market in India 2024-2028

Switchgear Market In India 2024-2028


The switchgear market in India is forecasted to grow by USD 4.14 bn during 2023-2028, accelerating at a CAGR of 7.42% during the forecast period. The report on the switchgear market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing renewable power generation in India, a rise in several residential and commercial building projects in India, and expanding transmission and distribution (T and D) networks in India.

Technavio's switchgear market in India is segmented as below:

By Type
  • Air-insulated switchgear
  • Gas insulated switchgear
By Installation Sites
  • Indoor
  • Outdoor
By End-user
  • Commercial
  • Industrial
  • Residential
This study identifies the increasing demand for smart switchgear and switchboard apparatus as one of the prime reasons driving the switchgear market in India growth during the next few years. Also, rising product launches of switchgear by vendors and a growing focus on grid modernization in India will lead to sizable demand in the market.

The report on the switchgear market in India covers the following areas:
  • Switchgear market in India sizing
  • Switchgear market in India forecast
  • Switchgear market in India industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading switchgear market in India vendors that include ABB Ltd., Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., Eaton Corp. Plc, General Electric Co., Havells India Ltd., Hitachi Ltd., HPL Electric and Power Ltd., Kirloskar Electric Co. Ltd., Legrand SA, Schneider Electric SE, Siemens AG, and Toshiba Corp. Also, the switchgear market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Type
Exhibit 05: Executive Summary - Chart on Market Segmentation by Installation Sites
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 12: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 13: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 14: Chart on India: Year-over-year growth 2023-2028 (%)
Exhibit 15: Data Table on India: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Switchgear market in India 2018 - 2022
Exhibit 16: Historic Market Size - Data Table on switchgear market in India 2018 - 2022 ($ billion)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 17: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.3 Installation Sites Segment Analysis 2018 - 2022
Exhibit 18: Historic Market Size - Installation Sites Segment 2018 - 2022 ($ billion)
4.4 End-user Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 21: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 23: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 24: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 25: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 26: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
6.1 Market segments
Exhibit 27: Chart on Type - Market share 2023-2028 (%)
Exhibit 28: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 29: Chart on Comparison by Type
Exhibit 30: Data Table on Comparison by Type
6.3 Air-insulated switchgear - Market size and forecast 2023-2028
Exhibit 31: Chart on Air-insulated switchgear - Market size and forecast 2023-2028 ($ billion)
Exhibit 32: Data Table on Air-insulated switchgear - Market size and forecast 2023-2028 ($ billion)
Exhibit 33: Chart on Air-insulated switchgear - Year-over-year growth 2023-2028 (%)
Exhibit 34: Data Table on Air-insulated switchgear - Year-over-year growth 2023-2028 (%)
6.4 Gas insulated switchgear - Market size and forecast 2023-2028
Exhibit 35: Chart on Gas insulated switchgear - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Data Table on Gas insulated switchgear - Market size and forecast 2023-2028 ($ billion)
Exhibit 37: Chart on Gas insulated switchgear - Year-over-year growth 2023-2028 (%)
Exhibit 38: Data Table on Gas insulated switchgear - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
Exhibit 39: Market opportunity by Type ($ billion)
Exhibit 40: Data Table on Market opportunity by Type ($ billion)
7 Market Segmentation by Installation Sites
7.1 Market segments
Exhibit 41: Chart on Installation Sites - Market share 2023-2028 (%)
Exhibit 42: Data Table on Installation Sites - Market share 2023-2028 (%)
7.2 Comparison by Installation Sites
Exhibit 43: Chart on Comparison by Installation Sites
Exhibit 44: Data Table on Comparison by Installation Sites
7.3 Indoor - Market size and forecast 2023-2028
Exhibit 45: Chart on Indoor - Market size and forecast 2023-2028 ($ billion)
Exhibit 46: Data Table on Indoor - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Chart on Indoor - Year-over-year growth 2023-2028 (%)
Exhibit 48: Data Table on Indoor - Year-over-year growth 2023-2028 (%)
7.4 Outdoor - Market size and forecast 2023-2028
Exhibit 49: Chart on Outdoor - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Data Table on Outdoor - Market size and forecast 2023-2028 ($ billion)
Exhibit 51: Chart on Outdoor - Year-over-year growth 2023-2028 (%)
Exhibit 52: Data Table on Outdoor - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Installation Sites
Exhibit 53: Market opportunity by Installation Sites ($ billion)
Exhibit 54: Data Table on Market opportunity by Installation Sites ($ billion)
8 Market Segmentation by End-user
8.1 Market segments
Exhibit 55: Chart on End-user - Market share 2023-2028 (%)
Exhibit 56: Data Table on End-user - Market share 2023-2028 (%)
8.2 Comparison by End-user
Exhibit 57: Chart on Comparison by End-user
Exhibit 58: Data Table on Comparison by End-user
8.3 Commercial - Market size and forecast 2023-2028
Exhibit 59: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 60: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibit 62: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
8.4 Industrial - Market size and forecast 2023-2028
Exhibit 63: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 64: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
8.5 Residential - Market size and forecast 2023-2028
Exhibit 67: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on Residential - Year-over-year growth 2023-2028 (%)
8.6 Market opportunity by End-user
Exhibit 71: Market opportunity by End-user ($ billion)
Exhibit 72: Data Table on Market opportunity by End-user ($ billion)
9 Customer Landscape
9.1 Customer landscape overview
Exhibit 73: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 74: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 75: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 76: Overview on factors of disruption
11.4 Industry risks
Exhibit 77: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 78: Vendors covered
12.2 Market positioning of vendors
Exhibit 79: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 80: ABB Ltd. - Overview
Exhibit 81: ABB Ltd. - Business segments
Exhibit 82: ABB Ltd. - Key news
Exhibit 83: ABB Ltd. - Key offerings
Exhibit 84: ABB Ltd. - Segment focus
12.4 Bharat Heavy Electricals Ltd.
Exhibit 85: Bharat Heavy Electricals Ltd. - Overview
Exhibit 86: Bharat Heavy Electricals Ltd. - Business segments
Exhibit 87: Bharat Heavy Electricals Ltd. - Key news
Exhibit 88: Bharat Heavy Electricals Ltd. - Key offerings
Exhibit 89: Bharat Heavy Electricals Ltd. - Segment focus
12.5 CG Power and Industrial Solutions Ltd.
Exhibit 90: CG Power and Industrial Solutions Ltd. - Overview
Exhibit 91: CG Power and Industrial Solutions Ltd. - Business segments
Exhibit 92: CG Power and Industrial Solutions Ltd. - Key offerings
Exhibit 93: CG Power and Industrial Solutions Ltd. - Segment focus
12.6 Eaton Corp. Plc
Exhibit 94: Eaton Corp. Plc - Overview
Exhibit 95: Eaton Corp. Plc - Business segments
Exhibit 96: Eaton Corp. Plc - Key offerings
Exhibit 97: Eaton Corp. Plc - Segment focus
12.7 General Electric Co.
Exhibit 98: General Electric Co. - Overview
Exhibit 99: General Electric Co. - Business segments
Exhibit 100: General Electric Co. - Key offerings
Exhibit 101: General Electric Co. - Segment focus
12.8 Havells India Ltd.
Exhibit 102: Havells India Ltd. - Overview
Exhibit 103: Havells India Ltd. - Business segments
Exhibit 104: Havells India Ltd. - Key offerings
Exhibit 105: Havells India Ltd. - Segment focus
12.9 Hitachi Ltd.
Exhibit 106: Hitachi Ltd. - Overview
Exhibit 107: Hitachi Ltd. - Business segments
Exhibit 108: Hitachi Ltd. - Key news
Exhibit 109: Hitachi Ltd. - Key offerings
Exhibit 110: Hitachi Ltd. - Segment focus
12.10 HPL Electric and Power Ltd.
Exhibit 111: HPL Electric and Power Ltd. - Overview
Exhibit 112: HPL Electric and Power Ltd. - Business segments
Exhibit 113: HPL Electric and Power Ltd. - Key offerings
Exhibit 114: HPL Electric and Power Ltd. - Segment focus
12.11 Kirloskar Electric Co. Ltd.
Exhibit 115: Kirloskar Electric Co. Ltd. - Overview
Exhibit 116: Kirloskar Electric Co. Ltd. - Business segments
Exhibit 117: Kirloskar Electric Co. Ltd. - Key offerings
Exhibit 118: Kirloskar Electric Co. Ltd. - Segment focus
12.12 Legrand SA
Exhibit 119: Legrand SA - Overview
Exhibit 120: Legrand SA - Business segments
Exhibit 121: Legrand SA - Key offerings
Exhibit 122: Legrand SA - Segment focus
12.13 Schneider Electric SE
Exhibit 123: Schneider Electric SE - Overview
Exhibit 124: Schneider Electric SE - Business segments
Exhibit 125: Schneider Electric SE - Key news
Exhibit 126: Schneider Electric SE - Key offerings
Exhibit 127: Schneider Electric SE - Segment focus
12.14 Siemens AG
Exhibit 128: Siemens AG - Overview
Exhibit 129: Siemens AG - Business segments
Exhibit 130: Siemens AG - Key news
Exhibit 131: Siemens AG - Key offerings
Exhibit 132: Siemens AG - Segment focus
12.15 Toshiba Corp.
Exhibit 133: Toshiba Corp. - Overview
Exhibit 134: Toshiba Corp. - Business segments
Exhibit 135: Toshiba Corp. - Key news
Exhibit 136: Toshiba Corp. - Key offerings
Exhibit 137: Toshiba Corp. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 138: Inclusions checklist
Exhibit 139: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 140: Currency conversion rates for US$
13.4 Research methodology
Exhibit 141: Research methodology
Exhibit 142: Validation techniques employed for market sizing
Exhibit 143: Information sources
13.5 List of abbreviations
Exhibit 144: List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Type
Exhibits5: Executive Summary - Chart on Market Segmentation by Installation Sites
Exhibits6: Executive Summary - Chart on Market Segmentation by End-user
Exhibits7: Executive Summary - Chart on Vendor Market Positioning
Exhibits8: Parent market
Exhibits9: Market Characteristics
Exhibits10: Offerings of vendors included in the market definition
Exhibits11: Market segments
Exhibits12: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibits13: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibits14: Chart on India: Year-over-year growth 2023-2028 (%)
Exhibits15: Data Table on India: Year-over-year growth 2023-2028 (%)
Exhibits16: Historic Market Size - Data Table on switchgear market in India 2018 - 2022 ($ billion)
Exhibits17: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
Exhibits18: Historic Market Size - Installation Sites Segment 2018 - 2022 ($ billion)
Exhibits19: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
Exhibits20: Five forces analysis - Comparison between 2023 and 2028
Exhibits21: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits26: Chart on Market condition - Five forces 2023 and 2028
Exhibits27: Chart on Type - Market share 2023-2028 (%)
Exhibits28: Data Table on Type - Market share 2023-2028 (%)
Exhibits29: Chart on Comparison by Type
Exhibits30: Data Table on Comparison by Type
Exhibits31: Chart on Air-insulated switchgear - Market size and forecast 2023-2028 ($ billion)
Exhibits32: Data Table on Air-insulated switchgear - Market size and forecast 2023-2028 ($ billion)
Exhibits33: Chart on Air-insulated switchgear - Year-over-year growth 2023-2028 (%)
Exhibits34: Data Table on Air-insulated switchgear - Year-over-year growth 2023-2028 (%)
Exhibits35: Chart on Gas insulated switchgear - Market size and forecast 2023-2028 ($ billion)
Exhibits36: Data Table on Gas insulated switchgear - Market size and forecast 2023-2028 ($ billion)
Exhibits37: Chart on Gas insulated switchgear - Year-over-year growth 2023-2028 (%)
Exhibits38: Data Table on Gas insulated switchgear - Year-over-year growth 2023-2028 (%)
Exhibits39: Market opportunity by Type ($ billion)
Exhibits40: Data Table on Market opportunity by Type ($ billion)
Exhibits41: Chart on Installation Sites - Market share 2023-2028 (%)
Exhibits42: Data Table on Installation Sites - Market share 2023-2028 (%)
Exhibits43: Chart on Comparison by Installation Sites
Exhibits44: Data Table on Comparison by Installation Sites
Exhibits45: Chart on Indoor - Market size and forecast 2023-2028 ($ billion)
Exhibits46: Data Table on Indoor - Market size and forecast 2023-2028 ($ billion)
Exhibits47: Chart on Indoor - Year-over-year growth 2023-2028 (%)
Exhibits48: Data Table on Indoor - Year-over-year growth 2023-2028 (%)
Exhibits49: Chart on Outdoor - Market size and forecast 2023-2028 ($ billion)
Exhibits50: Data Table on Outdoor - Market size and forecast 2023-2028 ($ billion)
Exhibits51: Chart on Outdoor - Year-over-year growth 2023-2028 (%)
Exhibits52: Data Table on Outdoor - Year-over-year growth 2023-2028 (%)
Exhibits53: Market opportunity by Installation Sites ($ billion)
Exhibits54: Data Table on Market opportunity by Installation Sites ($ billion)
Exhibits55: Chart on End-user - Market share 2023-2028 (%)
Exhibits56: Data Table on End-user - Market share 2023-2028 (%)
Exhibits57: Chart on Comparison by End-user
Exhibits58: Data Table on Comparison by End-user
Exhibits59: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibits60: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibits61: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits62: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits63: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibits64: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibits65: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits66: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits67: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits68: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits69: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits70: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits71: Market opportunity by End-user ($ billion)
Exhibits72: Data Table on Market opportunity by End-user ($ billion)
Exhibits73: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits74: Impact of drivers and challenges in 2023 and 2028
Exhibits75: Overview on Criticality of inputs and Factors of differentiation
Exhibits76: Overview on factors of disruption
Exhibits77: Impact of key risks on business
Exhibits78: Vendors covered
Exhibits79: Matrix on vendor position and classification
Exhibits80: ABB Ltd. - Overview
Exhibits81: ABB Ltd. - Business segments
Exhibits82: ABB Ltd. - Key news
Exhibits83: ABB Ltd. - Key offerings
Exhibits84: ABB Ltd. - Segment focus
Exhibits85: Bharat Heavy Electricals Ltd. - Overview
Exhibits86: Bharat Heavy Electricals Ltd. - Business segments
Exhibits87: Bharat Heavy Electricals Ltd. - Key news
Exhibits88: Bharat Heavy Electricals Ltd. - Key offerings
Exhibits89: Bharat Heavy Electricals Ltd. - Segment focus
Exhibits90: CG Power and Industrial Solutions Ltd. - Overview
Exhibits91: CG Power and Industrial Solutions Ltd. - Business segments
Exhibits92: CG Power and Industrial Solutions Ltd. - Key offerings
Exhibits93: CG Power and Industrial Solutions Ltd. - Segment focus
Exhibits94: Eaton Corp. Plc - Overview
Exhibits95: Eaton Corp. Plc - Business segments
Exhibits96: Eaton Corp. Plc - Key offerings
Exhibits97: Eaton Corp. Plc - Segment focus
Exhibits98: General Electric Co. - Overview
Exhibits99: General Electric Co. - Business segments
Exhibits100: General Electric Co. - Key offerings
Exhibits101: General Electric Co. - Segment focus
Exhibits102: Havells India Ltd. - Overview
Exhibits103: Havells India Ltd. - Business segments
Exhibits104: Havells India Ltd. - Key offerings
Exhibits105: Havells India Ltd. - Segment focus
Exhibits106: Hitachi Ltd. - Overview
Exhibits107: Hitachi Ltd. - Business segments
Exhibits108: Hitachi Ltd. - Key news
Exhibits109: Hitachi Ltd. - Key offerings
Exhibits110: Hitachi Ltd. - Segment focus
Exhibits111: HPL Electric and Power Ltd. - Overview
Exhibits112: HPL Electric and Power Ltd. - Business segments
Exhibits113: HPL Electric and Power Ltd. - Key offerings
Exhibits114: HPL Electric and Power Ltd. - Segment focus
Exhibits115: Kirloskar Electric Co. Ltd. - Overview
Exhibits116: Kirloskar Electric Co. Ltd. - Business segments
Exhibits117: Kirloskar Electric Co. Ltd. - Key offerings
Exhibits118: Kirloskar Electric Co. Ltd. - Segment focus
Exhibits119: Legrand SA - Overview
Exhibits120: Legrand SA - Business segments
Exhibits121: Legrand SA - Key offerings
Exhibits122: Legrand SA - Segment focus
Exhibits123: Schneider Electric SE - Overview
Exhibits124: Schneider Electric SE - Business segments
Exhibits125: Schneider Electric SE - Key news
Exhibits126: Schneider Electric SE - Key offerings
Exhibits127: Schneider Electric SE - Segment focus
Exhibits128: Siemens AG - Overview
Exhibits129: Siemens AG - Business segments
Exhibits130: Siemens AG - Key news
Exhibits131: Siemens AG - Key offerings
Exhibits132: Siemens AG - Segment focus
Exhibits133: Toshiba Corp. - Overview
Exhibits134: Toshiba Corp. - Business segments
Exhibits135: Toshiba Corp. - Key news
Exhibits136: Toshiba Corp. - Key offerings
Exhibits137: Toshiba Corp. - Segment focus
Exhibits138: Inclusions checklist
Exhibits139: Exclusions checklist
Exhibits140: Currency conversion rates for US$
Exhibits141: Research methodology
Exhibits142: Validation techniques employed for market sizing
Exhibits143: Information sources
Exhibits144: List of abbreviations

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