1. Market Research
  2. > Construction Market Trends
Indian Low Voltage (LV) Switchgear Market, Forecast to 2021

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

  • December 2017
  • 95 pages
  • ID: 5281670
  • Format: PDF
  • By Frost & Sullivan

Summary

Table of Contents

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

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2017

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on