Research and Markets: Indian Low Voltage (LV) Switchgear Market - Indian Low Voltage Switchgear Market Gearing Up for a Surge in Demand

DUBLIN--(BUSINESS WIRE)--

Research and Markets(http://www.researchandmarkets.com/research/db243a/indian_low_voltage) has announced the addition of Frost & Sullivan's new report "Indian Low Voltage (LV) Switchgear Market" to their offering.

With over 40 participants, the Indian low voltage (LV) switchgear market is highly competitive and price sensitive. The research service discusses the markets for air circuit breaker (ACB), moulded case circuit breaker (MCCB), contactors and relays (C&R), miniature circuit breaker (MCB), residual current devices (RCD), distribution boards (DB), changeover switches (COS), and other switching devices (other SDs). The demand for LV switchgear components comes predominantly from end-user segments such as industries, commercial and residential segments, and other infrastructure projects (ports/airports). The Indian LV switchgear market is estimated to grow at a CAGR of 12.5 percent from 2010 to 2017.

Both the low voltage (LV) and medium voltage (MV) switchgear markets in India are well established, with a mature technology base and considerable demand from end-user segments such as industrial, construction (residential/ commercial), power generation, and transmission and distribution (T&D) utilities. Market participants have charted out organic/inorganic growth plans to capitalize on the various anticipated expansion and development plans across end-user segments. Growth in key sectors such as oil and gas, petrochemicals, steel, cement, and telecom and investments in the development of huge commercial and residential corridors across the country will raise energy consumption, says the analyst of this research. The major participants in the LV switchgear space are fitting out their manufacturing facilities to adapt to this change. Global companies are obtaining or upgrading technology from their parent company, while local participants are procuring technology through acquisition or technology transfer.

Key Topics Covered:

1. Executive Summary

2. Research Scope and Objectives

3. Introduction

4. Indian Low Voltage (LV) Switchgear Market

5. Conclusions

6. Appendix

7. About Frost & Sullivan

For more information visit http://www.researchandmarkets.com/research/db243a/indian_low_voltage