
India Switchgear Market - By Product Type (Conventional Switchgear, Modular/ Integrated Switchgear, Others); By Voltage (Low Voltage, Medium & High Voltage); By Insulation (Gas Insulated Switchgear (GIS) Air Insulated Switchgear (AIS)); By Current (Altern
Description
India Switchgear Market - By Product Type (Conventional Switchgear, Modular/ Integrated Switchgear, Others); By Voltage (Low Voltage, Medium & High Voltage); By Insulation (Gas Insulated Switchgear (GIS) Air Insulated Switchgear (AIS)); By Current (Alternating Current (AC), Direct Current (DC)); By Enclosure (Power Distributor Switch Breaker, Switch Disconnector, MCB & MCCB, RCCB & ELCB, ACB, DB, Other Switching Devices); By Installation (Indoor, Outdoor); By End User (Transmission & Distribution Utilities, Commercial, Residential, Industrial); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
India Switchgear Market Size almost Doubles to Reach USD 18.23 Million by 2029
India switchgear market is flourishing due to the increasing investments in the development of renewable energy, rising energy demands in various end-user industries enabling for the adoption of smart switchgear across the country.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent report, estimated the India switchgear market size at USD 9.75 million in 2022. BlueWeave expects the India switchgear market size to grow at a CAGR of 7.12% during the forecast period between 2023 and 2029 to reach a value of USD 18.23 million by 2029. The India switchgear market is expanding as a result of increased investment in renewable energy development and increased usage of smart switchgear, as well as government mandates or subsidies. Furthermore, rising energy demands in various end-user industries have resulted in a greater emphasis on renewable energy solutions, allowing for the adoption of smart switchgear in India. According to the IEA's World Energy Outlook 2022 report, by 2025, India will be the world's most populous country, and this, along with the twin forces of urbanization and industrialization, will underpin rapid growth in energy demand, which will rise by more than 3% per year in the Stated Policies Scenario (STEPS) from 2021 to 2030. These major factors could propel the growth of the India switchgear market in the coming years.
Opportunity: Increasing Adoption of Smart Switchgear
The increasing adoption of smart Internet of Things (IoT) compatible switchgear solutions will likely propel the growth of the India switchgear market. Smart switchgear aids in the intelligent control of power supply systems, increasing efficiency, dependability, and safety. According to Mitsubishi Electric Corporation data, India's power sector is experiencing unprecedented growth, and to support the Indian Government's initiatives such as 'Power for All,' 'Pradhan Mantri Sahaj Bijli Har Ghar Yojana,' 'Integrated Power Development Scheme,' and 'Deendayal Upadhyaya Gramme Jyoti Yojana,' the sector is leaning towards digitization. Smart switchgear aids in energy management, environmental protection, and power bill reduction. With continual advances in infrastructure and manufacturing facilities, the smart switchgear business is expanding at a quick rate. Smart switchgear, which plays an important part in the distribution of energy to industry and residential areas, is one of the sector's most important stimulants. Thus, smart switchgear enhances protection, monitoring, and control, resulting in increased efficiency of the system in which it is installed. Therefore, increasing the adoption of switches in India boosts the market growth.
Segmental Information
India Switchgear Market - By Product Type
Based on product type, the India switchgear market is segmented into conventional switchgear, modular/ integrated switchgear, and others. During the forecast period, the conventional switchgear segment is expected to be the fastest-growing product type segment. The conventional switchgear category is an important element of the India switchgear market and is likely to increase gradually in the coming years. This type comprises air-insulated, gas-insulated, or oil-insulated switchgear and is commonly used in power generating, transmission, and distribution applications. The Indian government's emphasis on extending the country's power infrastructure and expanding access to electricity is driving demand for traditional switchgear equipment, particularly in rural areas.
India Switchgear Market - By End User
Based on end user, the India switchgear market is segmented into transmission and distribution utilities, commercial, residential, and industrial. The transmission and distribution utilities segment accounts for a significant market share during the forecast period. The segment's growth is being aided by a significant increase in electricity demand and increased implementation of smart grids. There have been advancements in transmission and distribution infrastructure, which has resulted in greater demand for the product. The Indian government has initiated many programs to improve grid stability and promote energy availability, which is likely to raise demand for switchgear in the transmission and distribution utilities market.
India Switchgear Market - By Installation
Based on the installation, the India switchgear market is split into indoor and outdoor segments. During the forecast period, the conventional switchgear segment is expected to be the fastest-growing installation segment. Indoor switchgear installation is common in limited environments such as substations, power plants, and industrial buildings. This form of installation has several advantages, including better safety, increased reliability, and lower maintenance costs. Indoor switchgear is less prone to weather damage and is shielded from dust, moisture, and other environmental elements that might harm outdoor switchgear. As a result, it is a more dependable solution for power distribution in India, where the climate can be extreme.
Impact of COVID-19 on the India Switchgear Market
The COVID-19 pandemic had significantly affected the India switchgear market. On the one hand, industrial and supply chain interruptions reduced the demand for and sales of switchgear equipment. The pandemic, on the other hand, underlined the significance of dependable and efficient electricity infrastructure, opening up new potential for switchgear makers. The Indian government's emphasis on developing the country's power infrastructure, combined with increased investments in renewable energy, is likely to drive switchgear equipment demand in the coming years. The pandemic has also expedited the power sector's shift towards digitization and smart technologies, creating new prospects for makers of smart switchgear equipment. However, the pandemic posed various challenges for switchgear makers, including supply chain interruptions, staffing shortages, and decreased sales. Overall, COVID-19 had significantly affected the growth of the India switchgear business, with problems and opportunities coexisting in a fast-expanding market.
Competitive Landscape
The India switchgear market is highly competitive, with all the players continually competing to gain a larger market share. The key players in the market include Larsen & Toubro Limited, Siemens Limited, ABB India Limited, Schneider Electric Infrastructure Limited, Havells India Limited, C&S Electric Limited, Legrand India Pvt. Ltd., Bharat Heavy Electricals Limited (BHEL), HPL Electric & Power Ltd. Mitsubishi Electric India Pvt. Ltd., GE T&D India Limited, and Control and Switchgear Electric (C&S). The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisition to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Switchgear Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global India Switchgear Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
200 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Middle East and Africa Smart Ceiling Fans Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing Demand for Home Automation
- 3.2.1.2. Increasing Demand for Convenience and comfort
- 3.2.2. Restraints
- 3.2.2.1. High Cost Product
- 3.2.3. Opportunities
- 3.2.3.1. Advancement in Technology
- 3.2.4. Challenges
- 3.2.4.1. Lack of Awareness among the Consumers
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Middle East and Africa Smart Ceiling Fans Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Application
- 4.2.1.1. Residential
- 4.2.1.2. Commercial
- 4.2.2. By Distribution Channel
- 4.2.2.1. Offline
- 4.2.2.2. Online
- 4.2.3. By Country
- 4.2.3.1. Saudi Arabia
- 4.2.3.2. UAE
- 4.2.3.3. Qatar
- 4.2.3.4. Kuwait
- 4.2.3.5. South Africa
- 4.2.3.6. Nigeria
- 4.2.3.7. Algeria
- 4.2.3.8. Rest of MEA
- 5. Saudi Arabia Smart Ceiling Fans Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Application
- 5.2.2. By Distribution Channel
- 6. UAE Smart Ceiling Fans Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Application
- 6.2.2. By Distribution Channel
- 7. Qatar Smart Ceiling Fans Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Application
- 7.2.2. By Distribution Channel
- 8. Kuwait Smart Ceiling Fans Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Application
- 8.2.2. By Distribution Channel
- 9. South Africa Smart Ceiling Fans Market
- 9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Application
- 9.2.2. By Distribution Channel
- 10. Nigeria Smart Ceiling Fans Market
- 10.1. Market Size & Forecast, 2019-2029
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Application
- 10.2.2. By Distribution Channel
- 11. Algeria Smart Ceiling Fans Market
- 11.1. Market Size & Forecast, 2019-2029
- 11.1.1. By Value (USD Million)
- 11.2. Market Share & Forecast
- 11.2.1. By Application
- 11.2.2. By Distribution Channel
- 12. Rest of MEA Smart Ceiling Fans Market
- 12.1. Market Size & Forecast, 2019-2029
- 12.1.1. By Value (USD Million)
- 12.2. Market Share & Forecast
- 12.2.1. By Application
- 12.2.2. By Distribution Channel
- 13. Competitive Landscape
- 13.1. List of Key Players and Their Offerings
- 13.2. Middle East and Africa Smart Ceiling Fans Company Market Share Analysis, 2022
- 13.3. Competitive Benchmarking, By Operating Parameters
- 13.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 14. Impact of Covid-19 on Middle East and Africa Smart Ceiling Fans Market
- 15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 15.1. Hunter Fan Company
- 15.2. Casablanca Fan Company
- 15.3. Big Ass Fans
- 15.4. Minka Group
- 15.5. Monte Carlo Fan Company
- 15.6. Fanimation
- 15.7. Home Decorators Collection
- 15.8. Modern Forms
- 15.9. Emerson Electric Co.
- 15.10. Vento Fans
- 15.11. Other Prominent Players
- 16. Key Strategic Recommendations
- 17. Research Methodology
- 17.1. Qualitative Research
- 17.1.1. Primary & Secondary Research
- 17.2. Quantitative Research
- 17.3. Market Breakdown & Data Triangulation
- 17.3.1. Secondary Research
- 17.3.2. Primary Research
- 17.4. Breakdown of Primary Research Respondents, By Region
- 17.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
- List of Figures
- Figure 1 Middle East and Africa Smart Ceiling Fans Segmentation
- Figure 2 Middle East and Africa Smart Ceiling Fans Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Middle East & Africa Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Figure 5 Middle East & Africa Smart Ceiling Fans Market Share, By Application, By Value, 2019-2029
- Figure 6 Middle East & Africa Smart Ceiling Fans Market Share, By Distribution Channel, By Value, 2019-2029
- Figure 7 Middle East & Africa Smart Ceiling Fans Market Share, By Country, By Value, 2019-2029
- Figure 8 Saudi Arabia Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Figure 9 Saudi Arabia Smart Ceiling Fans Market Share, By Application, By Value, 2019-2029
- Figure 10 Saudi Arabia Smart Ceiling Fans Market Share, By Distribution Channel, By Value, 2019-2029
- Figure 11 UAE Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Figure 12 UAE Smart Ceiling Fans Market Share, By Application, By Value, 2019-2029
- Figure 13 UAE Smart Ceiling Fans Market Share, By Distribution Channel, By Value, 2019-2029
- Figure 14 Qatar Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Figure 15 Qatar Smart Ceiling Fans Market Share, By Application, By Value, 2019-2029
- Figure 16 Qatar Smart Ceiling Fans Market Share, By Distribution Channel, By Value, 2019-2029
- Figure 17 Kuwait Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Figure 18 Kuwait Smart Ceiling Fans Market Share, By Application, By Value, 2019-2029
- Figure 19 Kuwait Smart Ceiling Fans Market Share, By Distribution Channel, By Value, 2019-2029
- Figure 20 South Africa Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Figure 21 South Africa Smart Ceiling Fans Market Share, By Application, By Value, 2019-2029
- Figure 22 South Africa Smart Ceiling Fans Market Share, By Distribution Channel, By Value, 2019-2029
- Figure 23 Nigeria Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Figure 24 Nigeria Smart Ceiling Fans Market Share, By Application, By Value, 2019-2029
- Figure 25 Nigeria Smart Ceiling Fans Market Share, By Distribution Channel, By Value, 2019-2029
- Figure 26 Algeria Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Figure 27 Algeria Smart Ceiling Fans Market Share, By Application, By Value, 2019-2029
- Figure 28 Algeria Smart Ceiling Fans Market Share, By Distribution Channel, By Value, 2019-2029
- Figure 29 Rest of MEA Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Figure 30 Rest of MEA Smart Ceiling Fans Market Share, By Application, By Value, 2019-2029
- Figure 31 Rest of MEA Smart Ceiling Fans Market Share, By Distribution Channel, By Value, 2019-2029
- List of Tables
- Table 1 Middle East & Africa Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Table 2 Middle East & Africa Smart Ceiling Fans Market Size, By Application, By Value, 2019-2029
- Table 3 Middle East & Africa Smart Ceiling Fans Market Size, By Distribution Channel, By Value, 2019-2029
- Table 4 Middle East & Africa Smart Ceiling Fans Market Size, By Country, By Value, 2019-2029
- Table 5 Saudi Arabia Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Table 6 Saudi Arabia Smart Ceiling Fans Market Size, By Application, By Value, 2019-2029
- Table 7 Saudi Arabia Smart Ceiling Fans Market Size, By Distribution Channel, By Value, 2019-2029
- Table 8 UAE Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Table 9 UAE Smart Ceiling Fans Market Size, By Application, By Value, 2019-2029
- Table 10 UAE Smart Ceiling Fans Market Size, By Distribution Channel, By Value, 2019-2029
- Table 11 Qatar Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Table 12 Qatar Smart Ceiling Fans Market Size, By Application, By Value, 2019-2029
- Table 13 Qatar Smart Ceiling Fans Market Size, By Distribution Channel, By Value, 2019-2029
- Table 14 Kuwait Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Table 15 Kuwait Smart Ceiling Fans Market Size, By Application, By Value, 2019-2029
- Table 16 Kuwait Smart Ceiling Fans Market Size, By Distribution Channel, By Value, 2019-2029
- Table 17 South Africa Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Table 18 South Africa Smart Ceiling Fans Market Size, By Application, By Value, 2019-2029
- Table 19 South Africa Smart Ceiling Fans Market Size, By Distribution Channel, By Value, 2019-2029
- Table 20 Nigeria Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Table 21 Nigeria Smart Ceiling Fans Market Size, By Application, By Value, 2019-2029
- Table 22 Nigeria Smart Ceiling Fans Market Size, By Distribution Channel, By Value, 2019-2029
- Table 23 Algeria Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Table 24 Algeria Smart Ceiling Fans Market Size, By Application, By Value, 2019-2029
- Table 25 Algeria Smart Ceiling Fans Market Size, By Distribution Channel, By Value, 2019-2029
- Table 26 Rest of MEA Smart Ceiling Fans Market Size, By Value (USD Million), 2019-2029
- Table 27 Rest of MEA Smart Ceiling Fans Market Size, By Application, By Value, 2019-2029
- Table 28 Rest of MEA Smart Ceiling Fans Market Size, By Distribution Channel, By Value, 2019-2029
- Table 29 Hunter Fan Company Company Overview
- Table 30 Hunter Fan Company Financial Overview
- Table 31 Casablanca Fan Company Company Overview
- Table 32 Casablanca Fan Company Financial Overview
- Table 33 Big Ass Fans Company Overview
- Table 34 Big Ass Fans Financial Overview
- Table 35 Minka Group Company Overview
- Table 36 Minka Group Financial Overview
- Table 37 Monte Carlo Fan Company Company Overview
- Table 38 Monte Carlo Fan Company Financial Overview
- Table 39 Fanimation Company Overview
- Table 40 Fanimation Financial Overview
- Table 41 Home Decorators Collection Company Overview
- Table 42 Home Decorators Collection Financial Overview
- Table 43 Modern Forms Company Overview
- Table 44 Modern Forms Financial Overview
- Table 45 Emerson Electric Co. Company Overview
- Table 46 Emerson Electric Co. Financial Overview
- Table 47 Vento Fans Company Overview
- Table 48 Vento Fans Financial Overview
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