Switchgear Market in India Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Switch Gear Manufacturers in India and the Market is segmented by voltage (low voltage, medium voltage, and high voltage), insulation (gas insulated switchgear (GIS) and air insulated switchgear (AIS), and end-user (commercial, residential, and industrial).

Switchgear Market in India Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Switchgear in India Market Size

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India Switchgear Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 7.00 %
Market Concentration Medium

Major Players

India Switchgear Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Switchgear in India Market Analysis

The India Switchgear Market is expected to register a CAGR of greater than 7% during the forecast period.

The outbreak of COVID-19 negatively impacted the market. Currently, the market has reached pre-pandemic levels.

  • The Indian switchgear market is already making sustained gains. It is expected to flourish over the forecast period with rapid population growth, urbanization, and industrialization, increasing the electricity demand. The fast improvement in the power distribution sector, owing to the increasing implementation of smart-grid and smart meters, is the fundamental factor driving the growth of the Indian switchgear market. Also, Increasing investments in the renewable energy sector in the country are expected to drive the market during the forecast period.
  • However, SF6 gas used in insulating switchgear is a potent greenhouse gas with a global warming potential that may restrain the market.
  • Plans to integrate renewable energy with the national grids are expected to create a significant opportunity for the switchgear market players in the near future.

Switchgear in India Industry Overview

The India switchgear market is moderately fragmented. Some of the key players are (in no particular order) Schneider Electric SE, Siemens AG, Hitachi ABB Power Grids Ltd, General Electric Company, and CG Power and Industrial Solutions Limited, among others.

Switchgear in India Market Leaders

  1. Schneider Electric SE

  2. Siemens AG

  3. Hitachi ABB Power Grids Ltd

  4. General Electric Company

  5. CG Power and Industrial Solutions Limited

  6. *Disclaimer: Major Players sorted in no particular order
India Switchgear Market Concentration
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Switchgear in India Market News

  • February 2023: Elmeasure announced that it would be participating in ELECRAMA 2023 and would be launching its entire range of low-voltage switchgear.
  • February 2023: ABB India inaugurated its new factory in Nashik, doubling its Gas Insulated Switchgear (GIS) production capacity. This factory will manufacture primary and secondary GIS. It will serve customers across various industries, including power distribution, smart cities, data centers, transport (metro, railways), tunnels, ports, highways, and other infrastructural developments.

Switchgear in India Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD million, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Voltage
    • 5.1.1 Low Voltage
    • 5.1.2 Medium and High Voltage
  • 5.2 Insulation
    • 5.2.1 Gas Insulated Switchgear(GIS)
    • 5.2.2 Air Insulated Switchgear(AIS)
  • 5.3 End-User
    • 5.3.1 Commercial
    • 5.3.2 Residential
    • 5.3.3 Industrial

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Kirloskar Electric Company
    • 6.3.2 Hitachi ABB Power Grids Ltd.
    • 6.3.3 General Electric Company
    • 6.3.4 Havells India Ltd.
    • 6.3.5 CG Power and Industrial Solutions Limited
    • 6.3.6 Schneider Electric SE
    • 6.3.7 Bharat Heavy Electricals Limited
    • 6.3.8 HPL Electric and Power Limited
    • 6.3.9 Siemens AG
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Switchgear in India Industry Segmentation

Switchgear is a piece of equipment that is used to protect circuits from fault currents and control the way power is sent to larger areas. Voltage, insulation, and end-user are the key market segments for switchgear in India. By voltage, the market is segmented into low voltage, medium voltage, and high voltage. By insulation, the market is segmented into gas-insulated switchgear (GIS) and air-insulated switchgear (AIS). By end-user, the market is segmented into commercial, industrial, and residential. For each segment, market sizing and forecasts have been done based on revenue (USD million).

Voltage Low Voltage
Medium and High Voltage
Insulation Gas Insulated Switchgear(GIS)
Air Insulated Switchgear(AIS)
End-User Commercial
Residential
Industrial
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Switchgear in India Market Research FAQs

What is the current India Switchgear Market size?

The India Switchgear Market is projected to register a CAGR of greater than 7% during the forecast period (2025-2030)

Who are the key players in India Switchgear Market?

Schneider Electric SE, Siemens AG, Hitachi ABB Power Grids Ltd, General Electric Company and CG Power and Industrial Solutions Limited are the major companies operating in the India Switchgear Market.

What years does this India Switchgear Market cover?

The report covers the India Switchgear Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Switchgear Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Switchgear in India Industry Report

The India switchgear market is experiencing remarkable growth, driven by the renewable energy sector's expansion, urbanization, and industrialization, leading to an increased demand for electricity. With a surge in renewable energy generation, residential and commercial building projects, and the expansion of transmission and distribution networks, this market is poised for a robust growth rate. Air-insulated switchgear is anticipated to lead the market, favored for its use in renewable energy generation and electrical networks, while the indoor installation segment is expected to hold the largest share due to the need for reliable electrical distribution and control systems. The adoption of smart switchgear is enhancing market growth, crucial for efficient energy distribution, and ensuring performance and resource optimization. Despite the presence of refurbished and counterfeit products, the market benefits from the government's infrastructure development initiatives and the integration of smart technologies into the power grid. Supported by increasing investments in renewable energy, the India switchgear market presents a lucrative opportunity for stakeholders. For detailed insights, Mordor Intelligence™ Industry Reports offer an analysis of market share, size, revenue growth rate, market forecast outlook, and historical overview of the switchgear market in India, available as a free report PDF download.