Both the low voltage (LV) and medium voltage (MV) switchgear markets in India are well established, with a mature technology base and considerable demand from end-user segments such as industrial, construction (residential/ commercial), power generation, and transmission and distribution (T&D) utilities. New analyses from Frost & Sullivan, Indian Low Voltage Switchgear Market and Indian Medium Voltage Switchgear Market, finds that the LV switchgear market earned revenues of $950.0 million in 2010 and estimates this to reach $2170.0 million in 2017. Meanwhile, the MV switchgear market earned revenues of $795.0 million in 2010 and estimates this to reach $1735.0 million in 2017. “Growth in key sectors such as oil and gas, petrochemicals, steel, cement, and telecom and investments in the development of huge commercial and residential corridors across the country will raise energy consumption,” says Anup Barapatre, Industry Analyst, Frost & Sullivan
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