Transition in consumer behaviour encapsulates the switchgear business

According to Nitheen Nataraja, Director of Sales and Marketing at Chint India, “technological innovation, renewable energy deployment, new energy regulations, and changed consumer behaviour is driving major trends that will influence the future of energy politics.”
How is the Indian switchgear industry faring in the global energy market?
The Indian switchgear industry is contributing to the global energy sector. One of the significant factors contributing to this region’s dominance is the upgrade of the region’s ageing electrical grid infrastructure and rising electricity demand.
The switchgear market in India is expected to grow at a CAGR of more than 7 percent over the next ten years. The pandemic initially significantly impacted the country’s economy in 2020. The Indian switchgear market is already making sustained gains and is expected to flourish over the forecast period with rapid population growth, urbanisation, and industrialisation, increasing the electricity demand.
Technological innovation, renewable energy deployment, new energy regulations, and changing consumer behaviour are driving switchgear trends that will shape the future of energy policies.
How are switchgear innovating with the increasing demand for constant power supply?
India is going ahead with rapid growth in urbanisation and industrialisation sectors, increasing power consumption at a faster pace. New technologies, advancements in component materials, and more sophisticated digitalisation techniques are all driving innovations in sustainable subsystem design in the switchgear industry.
However, the country is ready to address the increasing power demand. Regarding CHINT, we have products and solutions ranging from the grid to the chip in the electrical and automation sectors that can efficiently address the growing demand of the power industry while prioritising low carbon emissions.
What are the advantages of advanced switchgear that maintains voltage fluctuation and power supply performance?
The devastating consequences of voltage fluctuation can lead to malfunctioning and destroying your electrical machines and equipment. CHINT offers advanced voltage regulators (AVR), improving the quality of power fed to the connected loads. This advanced switchgear will result in more significant savings in terms of CAPEX and OPEX costs by increasing the operational efficiency of the power system.
What are maintenance procedures in place to improve the safety and reliability of switchgear?
Switchgear also needs maintenance schedules for trouble-free operation during its life cycle. Switchgear should operate and isolate faults at all trouble-free operations during its life cycle. Switchgear should operate and isolate faults at all times, which can be ensured only with periodic maintenance. This will ensure the device’s life and the indirect losses caused by failure conditions and downtime.
Condition and predictive monitoring are platforms where operation and maintenance personnel can predict the fault. This will assist in taking preventive and corrective actions and planning periodic maintenance on a need-to-know basis rather than a time-to-know basis.
What policy changes and financial allocations do you expect in the union budget for 2023?
The electrical sector is dependent on power consumption and changing customer behaviour. Local governments should develop policies encouraging large amounts of investment from global players in local manufacturing. Today’s scenarios need to change, and policymakers should focus more on creating user-friendly and beneficial policies for a global player to invest more in the Indian market.
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