Indian Low-voltage Switchgear Market Witnesses Surge Due to Pent-up Demand and an Increase in the Average Price
As per Frost & Sullivan's report, the LV switchgear market, which was approximately INR 12,000 Crores in CY2022, is expected to grow at a CAGR of more than 5% over the next five years.
For further information on this analysis, please visit: https://frost.ly/60o
Shoeb Momin, Senior Consultant, Energy & Environment, Frost & Sullivan, said, "The LV switchgear in India is increasingly turning intelligent or smart, which allows for predictive maintenance. This helps gain process visibility, provides real-time data, and considerably reduces failures and downtime. What has also come to the fore is that innovation in LV switchgear is primarily in terms of aesthetics and enhanced features (e.g., improving serviceability) rather than a drastic technological change in product."
Some of the notable insights are:
Indian LV Switchgear Market Outlook CY2022–CY2027 is the latest addition to Frost & Sullivan's Energy & Environment research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
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Indian LV Switchgear Analysis CY2022–CY2027
Contact:
Aishwarya Nair
Corporate Communications
https://www.frost.com/
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