India Switchgear Market (2019-2025) | Overview, Revenue & Forecast- 6Wresearch
The switchgear market in India is expected to witness tremendous growth on account of immense growth across residential, commercial and industrial sectors. Additionally, with rising demand for various electrical appliances such as air conditioners and fridges leads to increased electricity consumption. This would further require a widespread application of switchgear to regulate and control these appliances, thereby increasing the overall market demand in India.
According to 6Wresearch, India Switchgear Market size is projected to grow at a CAGR of 6.8% during 2019-2025. The electrification programs initiated by the Indian government such as Deen Dayal Upadhyaya Gram Jyoti Yojana aims to provide electricity to remote areas. Along with this, the development of transmission and distribution networks would fuel the growth of the switchgear market in India. These programs help in increasing the penetration of clean energy, which would further spur the growth of the Switchgear market in India.
Key Highlights of the Report:
- India Switchgear Market Overview
- India Switchgear Market Trends
- India Switchgear Market Outlook
- India Switchgear Market Forecast
- Market Drivers and Restraints
- Market Opportunity Assessment
- Company Profiles
- Key Strategic Recommendations
- India Switchgear Market Share, By Players
- India Switchgear Market Overview on Competitive Benchmarking
- India Switchgear Market Size and Forecast of Revenues, Until 2025