Market Size of India Gas Insulated Switchgear Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 10.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Gas Insulated Switchgear Market Analysis
The India Gas Insulated Switchgear market is expected to grow at a CAGR of greater than 10% during the forecast period.
The market was moderately affected by the Covid-19 pandemic, as several large-scale transmission and distribution projects were delayed due to a fall in energy demand and the economic effects of the pandemic. The market is expected to reach its pre-pandemic levels during the forecast period.
- As India expands its electrical grid infrastructure with several long-distance Transmission and Distribution (T&D) projects, the demand for gas-insulated substations is expected to grow, driving the market during the forecast period.
- However, as long-distance T&D projects often traverse ecologically sensitive zones, concerns about the environmental impact of gas leakage from gas insulated switchgears and substations is expected to restrain the market during the forecast period.
- The development and commercialisation of SF6-free environmental-friendly gas insulated switchgears is expected to be a significant growth opportunity for the market during the forecast period.
