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Low-voltage Switchgear Market in India
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 in India market size is projected to grow by USD 151.0 million from 2023 to 2029, registering a CAGR of 10.8 percent, according to the latest market data.
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). Among these, the MCB segment was accounted for the highest revenue generator in 2022. Low-voltage switchgear market is further segmented by application: agricultural, commercial, industrial, infrastructure, residential, utilities. The industrial segment is estimated to account for the largest share of 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 leading 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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Low-voltage Switchgear Market in India - Report Scope
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