Indian Low Voltage (LV) Switchgear Market, Forecast to 2021

Indian Low Voltage (LV) Switchgear Market, Forecast to 2021

Growth is Expected to be Fuelled by Investments in the Infrastructure and Renewable Energy Sectors

RELEASE DATE
28-Dec-2017
REGION
South Asia, Middle East & North Africa
Research Code: P98E-01-00-00-00
SKU: EG01847-SA-MR_21298

$4,950.00

Special Price $3,712.50 save 25 %

In stock
SKU
EG01847-SA-MR_21298

$4,950.00

$3,712.50 save 25 %

DownloadLink

Pay by invoice

ENQUIRE NOW

Description

This research service analyzes the Indian LV switchgear market for the calendar year 2016 and uses insights from manufacturers, channel partners, and end users to identify drivers and restraints for the market for the next 5 years. The study further looks at product-wise segments of the market and their individual performance. Further, it describes trends by end users and identifies market opportunities for the future. Increased government spending on infrastructure projects and emerging new segments (renewable and metro rail) are expected to drive the demand for LV switchgear products. Investing in developing R&D capabilities and moving toward a solution provider rather than simply selling products (especially for industrial and infrastructure customers) will lead to increase in sales and increase market share.

Market Drivers:
•     Increased government spending on infrastructure projects
•     Emerging segments such as renewable and metro rail to have significant demand
•     Revival of manufacturing segment driven by policy initiatives such as “Make in India”

Market Restraints:
•     Increasing pricing pressure due to high competition
•     Weak domestic investment cycle is causing delay of the economic recovery
•     Uncertainty and slowness in pace of reforms for power sector

Market Outlook:
•     Renewable energy (solar and wind), infrastructure projects (metro, airports, and ports), and smart cities are the emerging segments and will drive the LV switchgear demand over the next 8-10 years.
•     With increasing competition from new and unorganized suppliers, established MNCs are finding it difficult to sustain the margins; this might result in the market consolidation where MNCs might exit the non-core LV switchgear business.

Strategic Imperatives for Success and Growth:
•     To sustain the growth in the highly competitive market, expanding and enhancing the distribution network will be very critical for the suppliers.
•     Investing in developing R&D capabilities and moving toward a solution provider rather than simply selling products (especially for industrial and infrastructure customers) will lead to increase in sales and increase market share.
•     Collaborate with leading project owners and EPC contractors and consultants who influence the decision making at customer’s end. Engage in consultative selling, by educating the customer about the benefits of the products (safety features, value-added features, and reliability).
•     Wider product range to meet the requirements of all types of end users, i.e., products with rich features and aesthetics for high-end commercial customers and economic products with basic features for utilities and low-end residential customers.
•     Evaluate and customize the sales strategy for customer segments. Participate both in project sales and retail sales. Project sales will aid penetration into large industries, utilities, and infrastructure, whereas retail sales will help selling into residential and commercial segments.

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Total LV Switchgear Market Snapshot

Executive Summary

Executive Summary (continued)

Market Engineering Measurements

CEO’s Perspective

Research Scope and Deliverables

Research Aim and Objectives

Research Assumptions and Timelines

Definitions

Definitions (continued)

Definitions (continued)

Definitions (continued)

Key Questions This Study Will Answer

Segmentation by Product

Segmentation by End User

Segmentation by Region

Indian LV Switchgear Industry Value Chain, 2016

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Market Engineering Measurements

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast Discussion (continued)

Competitive Analysis—Market Share

Market Share Analysis

Competitive Environment

Top Competitors

Competitive Factors and Assessment

Growth Opportunity in Indian LV Switchgear Market

Strategic Imperatives for Success and Growth

Market Engineering Measurements

Revenue Forecast

Revenue Forecast Discussion

Competitive and Market Analysis

Market Engineering Measurements

Revenue Forecast

Revenue Forecast Discussion

Competitive and Market Analysis

Market Engineering Measurements

Revenue Forecast

Revenue Forecast Discussion

Competitive and Market Analysis

Market Engineering Measurements

Revenue Forecast

Revenue Forecast Discussion

Competitive and Market Analysis

Market Engineering Measurements

Revenue Forecast

Revenue Forecast Discussion

Competitive and Market Analysis

Market Engineering Measurements

Revenue Forecast

Revenue by Product

Revenue Forecast Discussion

Competitive and Market Analysis

Market Engineering Measurements

Revenue Forecast

Revenue Forecast Discussion

Competitive and Market Analysis

Market Engineering Measurements

Revenue Forecast

Revenue Forecast Discussion

Competitive and Market Analysis

The Last Word—Three Big Predictions

Legal Disclaimer

Market Engineering Methodology

Table of Acronyms Used

End User Segments

Related Research
This research service analyzes the Indian LV switchgear market for the calendar year 2016 and uses insights from manufacturers, channel partners, and end users to identify drivers and restraints for the market for the next 5 years. The study further looks at product-wise segments of the market and their individual performance. Further, it describes trends by end users and identifies market opportunities for the future. Increased government spending on infrastructure projects and emerging new segments (renewable and metro rail) are expected to drive the demand for LV switchgear products. Investing in developing R&D capabilities and moving toward a solution provider rather than simply selling products (especially for industrial and infrastructure customers) will lead to increase in sales and increase market share. Market Drivers: • Increased government spending on infrastructure projects • Emerging segments such as renewable and metro rail to have significant demand • Revival of manufacturing segment driven by policy initiatives such as “Make in India” Market Restraints: • Increasing pricing pressure due to high competition • Weak domestic investment cycle is causing delay of the economic recovery • Uncertainty and slowness in pace of reforms for power sector Market Outlook: • Renewable energy (solar and wind), infrastructure projects (metro, airports, and ports), and smart cities are the emerging segments and will drive the LV switchgear demand over the next 8-10 years. • With increasing competition from new and unorganized suppliers, established MNCs are finding it difficult to sustain the margins; this might result in the market consolidation where MNCs might exit the non-core LV switchgear business. Strategic Imperatives for Success and Growth: • To sustain the growth in the highly competitive market, expanding and enhancing the distribution network will be very critical for the suppliers. • Investing in developing R&D capabilities and moving towa
More Information
No Index No
Podcast No
Author Venkatesh Ganji
Industries Energy
WIP Number P98E-01-00-00-00
Is Prebook No
GPS Codes 9301-A4,9597,9851,9852,9AFF-A4,9B00-A4