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Switching on Growth - Indian Low and Medium Voltage Switchgear Markets

Posted on: Monday, 19 January 2009, 02:55 CST

MUMBAI, India, January 19 /PRNewswire/ -- The Energy and Power Systems Practice at Frost & Sullivan, the Growth Partnership Company, is pleased to host an Analyst briefing on the Indian Low and Medium Voltage Switchgear Market. The presentation will be held on Wednesday, 4th February, 2009 at 3 p.m. IST.

The Indian LV and MV Switchgear market growth was at 14.1 percent in 2008 as compared to 20.7 percent in 2007. Given the current economic situation and financial crisis, market growth is expected to comparatively slow down in 2009. However, the market post 2009 is expected to pick up driven by demand from the utilities, infrastructure, industrial, residential and commercial user segments. Frost & Sullivan estimates the market to grow at a CAGR 14.2 percent between 2009 and 2015. Frost & Sullivan's Abhishek Gokhale, Industry Analyst, offers insight into market and product trends with specific analysis of the LV and MV Switchgear Market in India

LV and MV switchgear market in India is a high volume and low margin business, with a large base of small and medium scale manufacturers / suppliers. The market has witnessed robust growth over the last 2-3 years, leading to robust opportunities for market participants; hence the level of competition has increased. Through this briefing, we shall present a snapshot of market analysis, product and technology trends, and market segmentation by product categories and future opportunities for the Indian LV and MV Switchgear Market. The briefing, besides discussing emerging trends and providing forecasts, shall also cover industry challenges, market drivers and restraints and their likely impact on the growth of the Indian LV and MV Switchgear Market going forward.

"All indicators point towards the power sector being one of the future drivers of India's economic growth. The switchgear industry has shown excellent growth primarily due to sustained demand from the vibrant residential, commercial construction and infrastructure sectors. The demand is expected to sustain in near future," says Abhishek Gokhale, Industry Analyst, Energy and Power Systems Practice, South Asia and Middle East

This briefing will primarily benefit those involved in the supply of LV and MV Switchgear Market, be it suppliers, system integrators or distributors. Besides, the briefing is likely to be of interest to end users, who purchase LV and MV Switchgears for various applications, as well as EPC contractors executing small and large projects on a turnkey basis.

To participate in this briefing, or for an interview, please email Ravinder Kaur, Corporate Communications, at ravinder.kaur@frost.com with the following information: your full name, company name, title, telephone number, office e-mail, address, city, state and country.

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

SOURCE Frost & Sullivan (India) Pvt. Ltd.

Source: PR Newswire

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