India high voltage switchgear market is estimated to experience significant growth over the coming years driven by the government’s ambitious infrastructure development and an increasing emphasis on renewable energy.

Major Market Drivers and Emerging Trends

India high voltage switchgear market size expansion is fueled by substantial investments by the government in infrastructure projects which includes the building of airports and electrical distribution systems. It is obvious that the government is dedicated to building future infrastructure as reflected in the numerous initiatives rolled out recently. The USD 1.3 trillion infrastructure development master plan known as Gati Shakti has been at the forefront of driving coordinated and holistic reforms which already achieves significant progress.

Moreover, programs such as the Integrated Power Development Scheme alongside efforts like Housing for All will foster growth within the real estate and power sectors which is likely to boost the demand for switchgear across the country. In addition, the rising implementation of smart monitoring along with control equipment within the electrical grid infrastructure in the country is further contributing to an increase in India high voltage switchgear market share.

Rapid urbanization and industrialization in the country are also contributing to the rising demand for electricity. With various industries and households depending on consistent and safe electricity, the need for switchgear to facilitate even power distribution is increasing.

Furthermore, the government also aims to reduce emissions from thermal energy facilities while increasing renewable energy generation to fulfill its commitments under the Paris Agreement which will further support market growth. Consequently, the renewable energy sector is experiencing a significant investment driven by rising concerns over environmental pollution along with climate change. The rising need for renewable energy presents substantial growth prospects for market players in India as switchgear is extensively used to manage power and mitigate overloads.

India stands as the fourth most attractive market for renewable energy worldwide. In 2020 India held the fourth spot in wind power, the fifth position in solar power, and ranked fourth in total installed renewable capacity. As the leading market for renewable energy, India is projected to see its new capacity expansions triple by 2026. This expansion is expected to support the high voltage switchgear market significantly.

Renewable energy consumption in the country is also anticipated to increase due to emission control regulations and the adoption of this energy in major energy-producing and consuming urban areas across India. The decreasing cost of renewable energy is another important factor encouraging its adoption, thereby these elements will propel market expansion in the coming years.

India high voltage switchgear market analysis highlight segmentation by type into air-insulated and gas-insulated. The air-insulated switchgear segment is projected to dominate the market fueled by renewable energy advancements and increased expenditure on electrical infrastructure. The renewable energy supply is expanding due to technological innovations and decreasing costs. Increasing renewable energy output will further boost the need for air-insulated switchgear to protect electrical circuits involved in power generation.

The market is segmented by installation into indoor and outdoor categories. The indoor segment is estimated to capture the largest share as it encompasses various products tailored for diverse applications in industrial, commercial, and residential settings. Additionally, the indoor segment is anticipated to keep growing as electricity demand rises and more infrastructure projects along with buildings are developed in the country. The rising need for dependable and effective indoor electrical control and distribution systems is projected to contribute to market growth.

Some major players within the market are ABB, Havells India and others. To bolster their position in the market many companies are implementing diverse strategies like forming strategic alliances and engaging in partnerships. They can also expand geographically and launch new products or services.

Segments covered in the Report:

The India High Voltage Switchgears Market has been segmented on the basis of Type, Voltage and Installation. Based on the type, the market is segmented into air-insulated switchgear (AIS), gas-insulated switchgear (GIS). Based on the Voltage, the market is segmented into 42-150 V, 150-250 kV, above 250 kV. Based on the installation, the market is segmented into indoor, outdoor.

Market Segmentation

India High Voltage Switchgears Market by Type

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

India High Voltage Switchgears Market by Voltage

• • 42-150 V
  • 150 -250kV
  • Above 250kV

India High Voltage Switchgears Market by Installation

• • Indoor
  • Outdoor