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Recovering Economy and Market Sentiments to Revive Indian Medium Voltage Switchgear Market Says Frost & Sullivan - The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation - Frost.com
Recovering Economy and Market Sentiments to Revive Indian Medium Voltage Switchgear Market Says Frost & Sullivan

 

PRZOOM - /newswire/ - New Delhi, Delhi, India, 2015/08/24 - The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation - Frost.com.

   
 
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“Government initiatives towards power capacity augmentation and the expansion and development of the transmission and distribution network will fuel the demand for MV switchgears in India,” saidVenkatesh Ganji, Senior Research Analyst, Energy & Environment Practice, Frost & Sullivan. “Revenue opportunities are expected from retrofitting and replacement programs as well as the adoption of superior technologies.”

Moreover, the expansion of key industry sectors will generate business for MV switchgear manufacturers. Despite the Government’s fiscal deficit and long approval process for projects, infrastructure and construction activities will gain pace, boosting MV manufacturers’ prospects.

Though the primary demand for MV switchgears traditionally comes from energy-intensive industries such as oil and gas, petrochemical, steel and cement; tightening liquidity and the lack of policy reforms are holding back these industries from investment. With the ongoing introduction of reforms and flagship initiatives like “Make in India”, the economy is expected to improve and revive the investment cycle, which will result these downtrends to reduce over the forecast period.

“Indian MV Switchgear Market is currently dominated by the top 4 players, accounting for 65% of the total market. Wide product portfolio, competitive pricing, and strong network of system integrators and panel builders are essential to succeed in the market,” noted Ganji. “With tier 2 players expanding their geographic reach and investing in R&D to introduce new products, the competition intensity is expected to increase in next 3-4 years.”

Indian Medium Voltage (MV) Switchgear Market is part of the Energy & Power Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Substation Automation and Integration Market, The Global Microgrids (MGs) and Virtual Power Plants (VPPs) Market, The Gulf Cooperation Council Medium and High Voltage Switchgears Market, and Indian Low Voltage (LV) Switchgear Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Indian Medium Voltage (MV) Switchgear Market / P808-14

 
 
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Recovering Economy and Market Sentiments to Revive Indian Medium Voltage Switchgear Market Says Frost & Sullivan

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Frost & Sullivan | Voltage Switchgear Market
Contact: Ravinder Kaur / Anita Chandhoke - Frost.com 
+91 44 66814413 / +91 80 67028020 ravinder.kaur[.]frost.com / achandhoke[.]frost.com
 
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