India Circuit Breaker Market is anticipated to grow at a robust pace during the
forecast period, 2024-2028 driven by factors such as increasing
demand for electrical safety devices associated with the rising electricity
necessity, growth in investments in smart grid technologies boost the power
sector which drive the circuit breaker market in India.
A circuit breaker is an electrical switch
that automatically shuts the flow of electricity when there is a fault or
overload in the system, thus protecting the electrical system from damage.
The Indian government's push for
renewable energy sources has led to increased demand for circuit breakers in
the solar and wind power sectors. However, the long-term outlook for the market
remains positive, with growth expected to continue as the country invests in
its power infrastructure and adopts new technologies such as smart grids. The future of the
circuit breaker market in India looks promising due to several factors,
including the increasing demand for reliable power supply, the growth of the
construction and infrastructure sectors, and the rise of industrialization.
One significant trend in the India Circuit
Breaker Market is the adoption of smart technologies, such as digital circuit
breakers and intelligent electronic devices (IEDs), which can improve the
efficiency and reliability of electrical systems. These smart devices offer
features such as remote monitoring and control, predictive maintenance, and
real-time data analytics.
Overall, the circuit breaker market in
India is expected to continue its growth trajectory, driven by increasing
demand for electricity, rising urbanization, and government initiatives to
boost the power sector.
Accelerating investments in railway sector drive India Circuit Breaker
Market
With the accelerating investments in the
railway sector could drive demand for circuit breakers, as the railway sector
is a significant consumer of electrical equipment, including circuit breakers.
However, it is important to note that there may be other factors at play that
could also influence the demand for circuit breakers. Therefore, while
investments in the railway sector may contribute to the growth of the circuit
breaker market, it is likely that there are multiple factors influencing the
market's performance.
·
For example, the growth of renewable
energy sources and the increasing demand for electricity in various industries
could drive the demand for circuit breakers. Additionally, technological
advancements and the need for more advanced and efficient circuit breakers can play
a role in the market's growth. Therefore, while investments in the railway
sector may contribute to the growth of the circuit breaker market, it is likely
that there are multiple factors influencing the market's performance.
·
The railway sector is a significant
consumer of electrical equipment, including circuit breakers. As investments in
the railway sector increase, there is likely to be a corresponding increase in
the demand for circuit breakers. The Indian government has been investing
heavily in the modernization and expansion of the railway sector, which
includes the electrification of more railway tracks. This increased
electrification will require more circuit breakers to ensure the safety and
reliability of the electrical infrastructure.
The India Circuit Breaker Market is
expected to grow significantly in the coming years, driven by various factors
such as the increasing demand for electricity, the growth of the construction
industry, and the expansion of renewable energy sources. The investments in the
railway sector could be one of the contributing factors to this growth.
Increasing capacity additions and
enhancements for T&D networks drive Circuit Breaker
Increasing capacity additions and
enhancements for T&D (Transmission and Distribution) networks can indeed
drive the need for circuit breakers. T&D networks are responsible for
transmitting and distributing electricity from power plants to end-users. As
demand for electricity grows and the grid becomes more complex, T&D
networks may need to be upgraded to handle larger amounts of power and improve
efficiency and reliability.
One important component of T&D
networks is circuit breakers. Circuit breakers are devices that interrupt the
flow of electricity in an electrical circuit when a fault or abnormal condition
is detected. They are designed to protect electrical equipment from damage,
prevent fires, and ensure the safety of personnel working on or around the
equipment.
Circuit breakers may need to be upgraded
to handle higher currents and voltages as T&D networks are upgraded to
handle more power. New circuit breaker technologies may be needed to improve
the speed and accuracy of fault detection and allow for more precise control of
the network.
In summary, increasing capacity additions
and enhancements for T&D networks can drive the need for circuit breakers
as these devices play a critical role in protecting electrical equipment and
ensuring safe and reliable operation of the grid.
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Significant Developments in India Circuit
Breaker Market
The Circuit Breaker Market in India has
undergone significant developments in recent years, driven by factors such as
increasing demand for electricity, government initiatives to improve power
infrastructure, and the growth of renewable energy sources. The Indian
government has launched several initiatives to modernize the country's power
grid, including the adoption of smart grid technologies. This has led to an
increased demand for advanced circuit breakers that can provide real-time
information and improve overall efficiency of the grid. India is rapidly
expanding its renewable energy capacity, including solar and wind power. This
has created a need for circuit breakers that can handle the unique
characteristics of these energy sources and provide reliable protection for the
grid. Manufacturers are introducing new technologies to the Indian market, such
as vacuum circuit breakers and gas-insulated switchgear. These technologies
offer improved performance, reliability, and safety compared to traditional
circuit breakers. With an increasing emphasis on safety and sustainability,
circuit breaker manufacturers in India are developing products that are more
energy-efficient, environmentally friendly, and safer for workers to install
and maintain.
Key Strategies
Adopted by India Circuit Breaker Market Companies
· In 2018, Siemens company
acquired C&S Electric, a leading Indian manufacturer of electrical
equipment, including circuit breakers. This acquisition allowed Siemens to
expand its product portfolio and strengthen its position in the Indian market.
· In 2018, ABB
acquired GE Industrial Solutions to expand its portfolio of low-voltage
products and solutions, including circuit breakers, and strengthen its position
in the Indian market. The
acquisition of GE Industrial Solutions' circuit breaker business in India was a
significant strategic move by ABB to strengthen its position in the Indian
market and expand its product portfolio in the low-voltage segment.
These companies
offer a wide range of circuit breaker products and solutions, including air
circuit breakers, vacuum circuit breakers, molded case circuit breakers, and
miniature circuit breakers. They provide services such as installation,
maintenance, and repair of circuit breakers.
Market Segmentation
India Circuit Breaker Market is segmented based
on insulation type, installation, voltage, vertical. Based
on Insulation Type, the market is segmented into Oil circuit
breaker, Air circuit breaker, Gas circuit breaker, Vacuum circuit breaker. Based on Installation, the market is
segmented into Indoor and Outdoor. Based on Voltage, the market is segmented into
High Voltage and Medium Voltage. Based on Vertical the market is segmented into
Renewables, Power Generation, Transmission & Distribution Utilities,
Railways and Others
Market Players
Major
market players in the India Circuit
Breaker Market are Schneider Electric India
Pvt. Ltd., Siemens Ltd., ABB India Ltd., Larsen & Toubro Limited, Havells
India Ltd., C&S Electric Limited, Legrand India Pvt. Ltd., Mitsubishi
Electric India Pvt. Ltd., Eaton Corporation India Pvt. Ltd., Bajaj Electricals
Limited
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic Data
|
2018 –
2021
|
|
Estimated Year
|
2023
|
|
Forecast Period
|
2024
– 2028
|
|
Quantitative Units
|
Revenue in USD Million and CAGR for 2018-2022 and 2024-2028
|
|
Report coverage
|
Revenue
forecast, company share, growth factors, and trends
|
|
Segments covered
|
By Insulation Type
By Voltage
By Vertical
By Region
|
|
Country scope
|
India
|
|
Regional scope
|
North India, South India, East India, West India
|
|
Key companies profiled
|
Schneider
Electric India Pvt. Ltd., Siemens Ltd., ABB India Ltd., Larsen & Toubro
Limited, Havells India Ltd., C&S Electric Limited, Legrand India Pvt.
Ltd., Mitsubishi Electric India Pvt. Ltd., Eaton Corporation India Pvt. Ltd.,
Bajaj Electricals Limited
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|
Report Scope:
In this report, the India Circuit Breaker
market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
·
India Circuit Breaker Market, By Insulation Type:
o Oil
circuit breaker
o Air
circuit breaker
o Gas
circuit breaker
o Vacuum
circuit breaker
·
India Circuit Breaker Market, By Voltage:
o
High
o
Medium
·
India Circuit Breaker Market, By Installation:
o Indoor
o Outdoor
·
India Circuit Breaker Market, By Vertical:
o Renewables
o Power
Generation
o Transmission
& Distribution Utilities
o Railways
o Others
·
India Circuit Breaker Market, By Region:
o
North India
o
South India
o
East India
o
West India
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the India Circuit
Breaker market.
Available Customizations:
With the
given market data, Tech Sci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
The India Circuit Breaker market is an upcoming report to be
released soon. If you wish an early delivery of this report or want to confirm
the date of release, please contact us at [email protected]