Domestic and Industrial Switchgear Market in India 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-05 09:07:01
The India Industrial Switchgear market is to grow at a CAGR of 9.35 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in the Civil Construction industry. The Domestic and Industrial Switchgear market in India has also been witnessing the steady replacement of legacy switchgears. However, the need for increased capital expenditure could pose a challenge to the growth of this market.
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.
The increase in civil construction activities is one of the major drivers in the Domestic and Industrial Switchgear market in India.
The key vendors dominating this space are Areva SA, Larsen & 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&S Electric Ltd., BCH Electric Ltd., Bharat Heavy Electricals Ltd., Jyothi Ltd., Megawin Switchgear Pvt Ltd., and Easun Reyrolle Ltd.
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