Control panel and switchgear industry is growing yet slow

Control panel and switchgear industry is growing yet slow
Is the control panel and switchgear industry moving toward the right direction? An insight
P C Shah, Director, VNS SwitchgearGovt. should change the standards and the quality of control panels being used as in India, as we don’t have any standard IEC for control panels
India is betting high on private investment in infrastructure as the government has planned to focus on the infrastructure sector. The government hopes to invest $453 billion in infrastructure sectors in the 12th Five-Year Plan and plans to improve electrical grid network to support growing investment in developing infrastructure sector across the nation. No doubt, control panel and switchgear industry is also anticipating the silver lining.The low voltage (LV) and medium voltage (MV) switchgear market in India which was in its infancy even a couple of decades ago; has matured enough with the advent of advanced technology base.
We all are aware that every single house, commercial complexes, an industry, or power utilities in India require electrical panels to control electricity. Indian switchgear industry produces and supply wide range of switchgear used in various sectors and is capable to meet the domestic demand. Therefore, the good vibes for the control panel and switchgear is obvious.
Growth driversToday, highly-efficient control panel and switchgear applications are in huge demand across end-user segments such as industrial, construction (residential/ commercial), power generation, and transmission and distribution (T&D) utilities. Growth in key sectors such as oil and gas, petrochemicals, steel, cement, and telecom are the major growth drivers for control panel and switchgear industry. Planned investment across major infrastructures projects such as airports, metro rail, mono rail, industrial corridor are expected to drive the growth further.
Market sizeNow the question comes: how big is Indian market for control panel and switchgear?
According to Rajnish Verma, CEO, Milestones Switchgears, “The market for control and switchgear would be around ` 20,000 crore per annum.” He added, “The rate of growth is approximately 3 per cent in India.”
However, P C Shah, Director, VNS Switchgear, thinks it is all depends on the market growth.

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