Growth of the Indian low voltage (LV) and medium voltage (MV) switchgear markets is expected to comparatively slow down in 2009. However, by 2010 it should pick up, driven by demand from utilities, infrastructure, and industrial, residential, and commercial user segments. New analysis from Frost & Sullivan indicates this market to have witnessed growth of 15 per cent in 2008, to register revenue worth $1600 million. It is estimated to reach $ 4173.2 million by 2015, growing at a CAGR of 14.2 per cent. Burgeoning economic and industrial growth is set to drive demand for higher energy consumption. This research service covers market analysis, product & technology trends, market segmentation and future opportunities for the Indian LV and MV Switchgear market at an aggregate as well as at the sub-product segment level. It also covers emerging trends industry challenges, market drivers and restraints and their likely impact on the growth of the Indian LV and MV switchgear market going forward.
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