TechNavio today launched its report Domestic and Industrial Switchgear Market in India 2012-2016 based on an in-depth analysis focusing on India. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The steady replacement of legacy switchgears is one of the emerging trends in the Domestic and Industrial Switchgear market in India. As a result of the increase in globalization, there is increased competition among infrastructure development companies in India. They compete in developing projects with enhanced design features and functionalities. They incorporate switchgears in buildings to provide centralized control for electrical applications. Furthermore, the effective deployment of switchgears facilitates the protection of electrical equipment. In addition, ever-increasing customer needs are driving the demand for quality infrastructure with superior-quality and foolproof electrical distribution and control systems. The increase in the population increases the need for the development of new infrastructure and the ongoing reconstruction of the existing infrastructural fabric of buildings, which in turn is driving the Civil Construction industry in India. This growth of the Civil Construction industry drives the Domestic and Industrial Switchgear Market in India.”
According to the report, the increase in civil construction activities is one of the major drivers in the Domestic and Industrial Switchgear market in India.
Further, the report states that the major challenges in the market are the high cost of switchgears and the emerging threat from international vendors.
The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space are Areva SA, Larsen and Toubro Ltd., Schneider Electric SA, and Siemens AG. The other vendors mentioned in the report are ABB Ltd., Crompton Greaves Ltd., Havells India Ltd., Legrand SA, HPL Group, General Electric Co., C and S Electric Ltd., BCH Electric Ltd., Bharat Heavy Electricals Ltd., Jyothi Ltd., Megawin Switchgear Pvt. Ltd., and Easun Reyrolle Ltd.
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. For further information on this report, please visit https://www.technavio.com/content/domestic-and-industrial-switchgear-mark…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering
Follow us on Twitter @ Technavio
