INDIA MEDIUM VOLTAGE SWITCHGEAR MARKET

India medium voltage switchgear market is estimated to expand significantly in the coming years driven by the increasing electricity consumption and supportive government initiatives in renewable energy.

Major Market Drivers and Emerging Trends

Electricity demand in India has surged significantly and is projected to continue to grow in the next years. To address this growing need for power, the country must invest heavily in expanding its generation infrastructure and transmission and distribution. The rising electricity need in the country can be largely attributed to extensive industrialization across the country coupled with growing population. As industries expand, they require more power to operate efficiently which contributes significantly to overall electricity demand. Rapid urbanization is also significantly boosting the demand for housing and infrastructure development that drives an increasing need for reliable electricity supply which makes medium voltage switchgear essential.

Infrastructure development initiatives are on the rise in the country including the construction of housing complexes and commercial facilities. The infrastructure projects launched by the government including Smart Cities and the Integrated Power Development Scheme have played a significant role in boosting the switchgear market. The medium voltage switchgear is critical for optimizing power distribution and protecting electrical systems against failures in infrastructure projects. As both governmental and private organizations invest heavily in the development and expansion of the electrical infrastructure, driving demand for medium voltage switchgear market in India.

 India medium voltage switchgear market growth is also driven by the strong commitment from the government to fostering renewable energy and ensuring that projects are implemented within set timelines. The country has set an ambitious goal to reach thirty gigawatts in offshore wind power capacity by 2030 while adding five hundred GW in renewables. It also aims to reduce emissions by one billion tons by the same year and attain net-zero carbon output by the next forty years.

The growing emphasis on integrating renewable energy into electrical grid is driving requirement for switchgear to manage variable sources including wind or solar power. It is crucial in establishing connections between renewable sources and the grid. It also effectively handles fluctuations in power output and maintains overall grid stability.

 The increasing focus on lowering carbon emissions is fueling investment in renewable energy initiatives which in turn raises the need for medium voltage switchgear. As India works towards its renewable energy ambitions, the necessity for grid modernization along with smart grid systems becomes critical. It thereby enhances the need for advanced switchgear and substations technologies.

The Saubhagya scheme was launched by the government to ensure electricity connections for more than forty million households across urban and rural areas. Switchgear is essential wherever there is electricity. Therefore rising electricity demand directly correlates with an increased need for switchgear which propels market growth.

India medium voltage switchgear market report highlights segmentation by product type into Air-Insulated and Gas-Insulated Switchgear along with other types, with GIS is anticipated to dominate the market. This type of switchgear consists of high-voltage components such as disconnectors and circuit breakers, all enclosed in a metal housing. It is often employed in confined areas including urban buildings, office complexes, and rooftops. Because of their compactness, GIS substations that utilize sulfur hexafluoride are gaining traction in the market. Their key benefits encompass high modularization, a strong safety profile, and minimal maintenance needs. They also have the capacity to resist vibration and mitigate electromagnetic pollution.

Hybrid switchgear is also becoming increasingly popular because it offers the benefits that GIS and AIS technologies offer. It balances facility and land construction expenses while maximizing space for future expansions. It features a compact design that integrates AIS functionality within a gas-insulated design. Vacuum switchgear is also gaining popularity for its compactness and minimal maintenance needs. Additionally, the commitment to lessening the reliance on sulfur hexafluoride usage has contributed to this increased interest.

The market can be divided based on the application into transmission and distribution utilities along with commercial and residential. The transmission and distribution utilities in the country have significantly intensified their capacity expansion initiatives which aim for ambitious goals. Switchgear is essential since the electricity generation to its delivery to end users. Production facilities utilize switchgear for transmission and distribution purposes including industrial applications and circuit breakers.

The South and North regions in India collectively hold more than half of the medium voltage switchgear market share when looking at regional distribution.

Top market Players:

Several key players operate in the market including ABB India Limited, Siemens India, Larsen & Toubro, among others.

Segments covered in the Report:

The India Medium Voltage Switchgear Market has been segmented based on type, voltage, and application. By type, the market is segmented into air-insulated switchgear (AIS), gas-insulated switchgear (GIS), and others. By voltage, the market is segmented into 1–12 kV, 12–17.5 kV, 17.5–24 kV, and 24–42 kV. By application, the market is segmented into transmission and distribution utilities, commercial and residential, and others.

Report Coverage	Details
Market Revenues (2023)	USD Million
Market Base Year	2023
Market Forecast Period	2024-2031
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Voltage, By Application
Regional Coverage	India
Companies Profiled	ABB India Limited, Siemens India, Larsen & Toubro., among others; a total of 3 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

India Medium Voltage Switchgear Market By Type

• • Air-Insulated Switchgear (AIS)
  • Gas-Insulated Switchgear (GIS)
  • Others

India Medium Voltage Switchgear Market By Voltage

• • 1–12kV
  • 12-17.5 kV
  • 5-24kV
  • 24-42 172kV

India Medium Voltage Switchgear Market By Application

• • Transmission and Distribution Utilities
  • Commercial and Residential
  • Others

India Medium Voltage Switchgear Market Leading players (Option 1: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ABB India Limited
  • Siemens India
  • Larsen & Toubro