Indian switchgear market to grow at CAGR of 7.42 pc
EPR Magazine (Electrical & Power Review)|January 2025
According to Research and Markets, the Switchgear market in India is set to experience significant growth. Projections indicate an increase of USD 4.14 billion between 2023 and 2028, advancing at a compound annual growth rate (CAGR) of 7.42 percent during the forecast.
Indian switchgear market to grow at CAGR of 7.42 pc

The switchgear market in India is set to experience substantial growth, with a forecasted increase of USD 4.14 billion from 2023 to 2028, driven by a compound annual growth rate (CAGR) of 7.42 percent. This growth trajectory is fueled by several key factors, including the country's expanding renewable power generation sector, the rise in residential and commercial building projects, and continuous transmission and distribution (T&D) network development. As India strives to meet its ambitious energy goals and modernise its infrastructure, the demand for advanced electrical equipment, particularly switchgear, is escalating.

この記事は EPR Magazine (Electrical & Power Review) の January 2025 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は EPR Magazine (Electrical & Power Review) の January 2025 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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