Product Code: ETC4523005 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India DC switchgear market import shipment experienced a significant decline with a CAGR of -15.6% from 2020 to 2024. The growth rate plummeted by -74.3% between 2023 and 2024, indicating a sharp contraction in recent years. The market exhibited a pronounced deceleration, showcasing a clear downward trend and loss of momentum.
Direct current (DC) switchgear is used in various applications, including renewable energy systems, data centers, and industrial processes. The India DC switchgear market is witnessing growth due to the increasing adoption of DC-based solutions for improved energy efficiency and integration with renewable energy sources. The need for reliable and efficient DC switchgear is prevalent in India evolving energy landscape.
The DC switchgear market in India is being driven by the rising adoption of direct current (DC) in various applications, including data centers, renewable energy systems, and electric vehicle charging infrastructure. DC switchgear is essential for managing and controlling DC power, and as these applications grow, the market for DC switchgear is expected to expand to support the evolving energy landscape.
DC switchgear faces challenges related to grid compatibility, safety, and technology adoption. Advancing DC switchgear technology and regulatory frameworks is important.
The COVID-19 pandemic affected the India DC switchgear market as it disrupted manufacturing and supply chains. As businesses adapted to remote work and digitalization, there was an increased need for reliable DC power distribution. However, the market had to address challenges such as limited workforce availability and transportation disruptions. The crisis accelerated the adoption of digital switchgear solutions and remote monitoring, which are likely to shape the market`s future.
Key players in the India DC switchgear market include ABB, Siemens, and Schneider Electric. They offer DC switchgear solutions for applications like renewable energy systems, electric vehicle charging infrastructure, and data centers.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India DC Switchgear Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India DC Switchgear Market Revenues & Volume, 2021 & 2031F |
3.3 India DC Switchgear Market - Industry Life Cycle |
3.4 India DC Switchgear Market - Porter's Five Forces |
3.5 India DC Switchgear Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
3.6 India DC Switchgear Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F |
3.7 India DC Switchgear Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India DC Switchgear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for reliable power supply in India |
4.2.2 Growing investments in infrastructure projects |
4.2.3 Government initiatives to promote renewable energy sources |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with DC switchgear |
4.3.2 Lack of awareness and technical expertise in handling DC switchgear |
4.3.3 Fluctuating raw material prices impacting manufacturing costs |
5 India DC Switchgear Market Trends |
6 India DC Switchgear Market, By Types |
6.1 India DC Switchgear Market, By Voltage |
6.1.1 Overview and Analysis |
6.1.2 India DC Switchgear Market Revenues & Volume, By Voltage, 2021-2031F |
6.1.3 India DC Switchgear Market Revenues & Volume, By Up to 750 V, 2021-2031F |
6.1.4 India DC Switchgear Market Revenues & Volume, By 750 V to 1,800 V, 2021-2031F |
6.1.5 India DC Switchgear Market Revenues & Volume, By 1,800 V to 3,000 V, 2021-2031F |
6.1.6 India DC Switchgear Market Revenues & Volume, By 3,000 V to 10 kV, 2021-2031F |
6.1.7 India DC Switchgear Market Revenues & Volume, By Above 10 kV, 2021-2031F |
6.2 India DC Switchgear Market, By Deployment Type |
6.2.1 Overview and Analysis |
6.2.2 India DC Switchgear Market Revenues & Volume, By Fixed Mounting, 2021-2031F |
6.2.3 India DC Switchgear Market Revenues & Volume, By Plug-In, 2021-2031F |
6.2.4 India DC Switchgear Market Revenues & Volume, By Withdrawable Units, 2021-2031F |
6.3 India DC Switchgear Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India DC Switchgear Market Revenues & Volume, By Railways, 2021-2031F |
6.3.3 India DC Switchgear Market Revenues & Volume, By Solar Farms, 2021-2031F |
6.3.4 India DC Switchgear Market Revenues & Volume, By Battery Storage, 2021-2031F |
6.3.5 India DC Switchgear Market Revenues & Volume, By EV Charging Infrastructure, 2021-2031F |
6.3.6 India DC Switchgear Market Revenues & Volume, By Marine, 2021-2031F |
6.3.7 India DC Switchgear Market Revenues & Volume, By Power Generation, 2021-2031F |
7 India DC Switchgear Market Import-Export Trade Statistics |
7.1 India DC Switchgear Market Export to Major Countries |
7.2 India DC Switchgear Market Imports from Major Countries |
8 India DC Switchgear Market Key Performance Indicators |
8.1 Average installation time for DC switchgear systems |
8.2 Number of new infrastructure projects incorporating DC switchgear |
8.3 Percentage of energy generated from renewable sources in India |
8.4 Efficiency of DC switchgear systems in reducing power outages |
8.5 Percentage of industrial and commercial buildings adopting DC switchgear technology |
9 India DC Switchgear Market - Opportunity Assessment |
9.1 India DC Switchgear Market Opportunity Assessment, By Voltage, 2021 & 2031F |
9.2 India DC Switchgear Market Opportunity Assessment, By Deployment Type, 2021 & 2031F |
9.3 India DC Switchgear Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India DC Switchgear Market - Competitive Landscape |
10.1 India DC Switchgear Market Revenue Share, By Companies, 2024 |
10.2 India DC Switchgear Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |