Turning on switchgear market

“The next 10 years will be crucial for the Indian electrical equipment industry as it gears up to meet the rapidly rising domestic demand,” predicts Sandeep Selot, Director, Marketing and Strategy – Energy Business, Schneider Electric India
 The Indian switchgear market, which has an important presence in the global electrical equipment arena, has reported a stupendous CAGR of 21.6 per cent during FY 08 to FY 13. In an interview with EPR, Sandeep Selot shares the future of switchgear market and how Schneider Electric is going to influence the market with its switchgear products.
Key market trendsIndia is witnessing increased investments in the manufacturing segment as well as urban and rural infrastructure development all over the country. The government as well as the power ministry are planning extensive power enhancement and improvement of electrical grid networks to support this growth. The need to have a safe, reliable and efficient power distribution setup at both micro and macro levels is providing growth opportunities to the low-voltage (LV) and medium-voltage (MV) switchgear markets in India.
Driving factorsThe nation’s developing infrastructure across various sectors including residential, commercial and transport has been the prime factor that has resulted growth in the demand for switchgears in India. Development in oil and gas, petrochemicals, steel, concrete and telecom has given a huge stimulus to the development of this business, especially in high-voltage section.

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