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市場調查報告書
商品編碼
1619502

印度的氣體絕緣開關市場:各電壓,安裝地點,各絕緣類型,各最終用途產業,各地區,機會,預測,2018年~2032年

India Gas Insulated Switchgear Market Assessment, By Voltage, By Installation, By Insulation Type, By End-use Industry, By Region, Opportunities and Forecast, FY2018-FY2032F

出版日期: | 出版商: Market Xcel - Markets and Data | 英文 121 Pages | 商品交期: 3-5個工作天內

價格

根據預測,印度氣體絕緣開關設備市場規模將從2024年的15.5億美元成長到2032年的27億美元,在2025-2032年預測期間複合年增長率為7.21%。該市場近年來取得了顯著的成長,預計未來將保持穩定的擴張速度。

由於對可靠、緊湊的電力基礎設施的需求不斷增長,印度的氣體絕緣開關設備 (GIS) 市場正在顯著增長。快速城市化和電力產業擴張是氣體絕緣開關設備需求不斷增長的主要因素。隨著電力需求的增加和電網變得更加複雜,特別是在孟買、德里和班加羅爾等大城市,對高效能氣體絕緣開關設備的需求不斷增加。向 GIS 等節省空間的解決方案的轉變是顯而易見的。由於 GIS 位於密封環境中,可以免受外部損壞和環境因素的影響,因此與傳統空氣絕緣開關設備相比,它具有卓越的可靠性。

此外,GIS 技術的進步,例如用於效能優化和預測性維護的自動數位追蹤系統,將推動未來幾年的市場成長。對減少輸配電損耗的重視進一步推動了對 GIS 的需求。印度 GIS 的競爭格局仍然充滿活力,製造商不斷創新並整合即時監控和自動化技術,新的發展推動市場向前發展。

本報告提供印度的氣體絕緣開關市場相關調查,提供市場概要,以及各電壓,安裝地點,各絕緣類型,各最終用途產業,各地區趨勢,及加入此市場的主要企業簡介等資訊。

目錄

第1章 計劃的範圍和定義

第2章 調查手法

第3章 摘要整理

第4章 客戶的迴響

第5章 印度的氣體絕緣開關市場預測,2017年~2031年

  • 市場規模的分析與預測
  • 市場佔有率分析與預測
  • 市場地圖分析,2024年
    • 各電壓
    • 各安裝地點
    • 各絕緣類型
    • 各最終用途產業
    • 各地區

第6章 波特的五力分析

第7章 大環境分析

第8章 市場動態

第9章 市場趨勢與發展

第10章 案例研究

第11章 競爭情形

  • 前五名市場領導的競爭矩陣
  • 前五名參與企業的SWOT分析
  • 前10名市場主要加入企業的形勢
    • GE Vernova T&D India Limited
    • Siemens Limited
    • Hitachi Energy India Limited
    • Schneider Electric India Private Limited
    • ABB India Limited
    • Eaton Electric Private Limited
    • Toshiba Transmission & Distribution Systems (INDIA) Private Limited
    • Bharat Heavy Electricals Limited
    • Larsen & Toubro Limited
    • CG Power and Industrial Solutions Limited

第12章 策略性建議

第13章 諮詢方式和免責聲明

Product Code: MX12467

India gas insulated switchgear market is projected to witness a CAGR of 7.21% during the forecast period FY2025-FY2032, growing from USD 1.55 billion in FY2024 to USD 2.70 billion in FY2032. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years.

India gas-insulated switchgear (GIS) market is experiencing significant growth, driven by the increasing demand for reliable and compact power infrastructure. Rapid urbanization and the expansion of the power sector are key contributors to this rising demand for gas-insulated switchgear. As demand for electricity rises in metropolitan cities and the power grid becomes increasingly complex, particularly in areas like Mumbai, Delhi, and Bangalore, the need for efficient gas-insulated switchgear intensifies. There is a clear shift toward space-efficient solutions such as GIS. These systems offer superior reliability compared to traditional air-insulated switchgear because GIS is enclosed in a sealed environment, protecting it from external damage and environmental factors.

Additionally, advancements in GIS technology, such as automated digital tracking systems for performance optimization and predictive maintenance, are set to propel market growth in the coming years. The emphasis on reducing transmission and distribution losses further boosts the demand for GIS. As manufacturers continuously innovate and integrate real-time monitoring and automation technologies, the competitive landscape for GIS in India remains dynamic, with new developments pushing the market forward.

For instance, in July 2022, Hitachi Energy Limited signed a contract with Adani Electricity Mumbai Infra to install a high-voltage direct current (HVDC) transmission system connecting Kudus to Mumbai. The link is set to provide up to 1,000 MW of electricity, increasing the city's power capacity by 50%.

Electricity Consumption Growth Propels Demand of Gas Insulated Switchgear

As India's economy continues to grow, the demand for electricity consumption will rise. Industries, businesses, and households increasingly rely on electricity for operations, which will lead to a surge in the power demand. As per International Energy Agency (IEA), India electricity consumption is expected to rise by 6% annually. The economic expansion will lead to technological advancements such as electric vehicles and smart appliances, which require reliable and efficient power distribution systems, which will accelerate the adoption of gas insulated switchgear.

Furthermore, in urban areas, space is limited, and GIS system offers compact and reliable solutions for power distribution, which makes them essential in growing population in large cities. Government initiatives such as Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) target to improve electricity access in rural regions, creating an increased need for reliable switchgear technology. GIS technology is especially advantageous in areas due to its robust performance in varying environmental conditions and reduced maintenance requirements. Moreover, as urban cities expand and rural electrification rises, the demand for GIS will significantly increase, making them crucial component in India's Energy Infrastructure.

For instance, in May 2024, Siemens announced an investment of around USD 120 million to expand its GIS manufacturing facilities of the Power Transformer factory in Kalwa and Vacuum Interrupter factory in Goa. The expansion aims to meet the rising demand for efficient power distribution solutions.

Technological Innovations and Safety Enhancements Acting as a Catalyst

Rapid advancement in automation and digitalization within power systems is increasing the demand for gas-insulated switchgear (GIS). Modern GIS systems include smart monitoring and remote-control capabilities enabling real-time data collection and faster response in case of outages or irregularities in the grid., The upcoming modernization is crucial as India aims to improve its power infrastructure, especially amid increasing electricity demand. Moreover, advancements in insulation materials and safety features have improved the overall safety performance of GIS systems, reducing risks related to arc flash incidents and environmental hazards. This makes GIS essential for urban areas where safety and space efficiency are paramount.

Furthermore, the growing emphasis on renewable energy also plays a vital role. With India's ambitious goal of achieving 500 GW of renewable energy capacity by 2030, GIS systems are becoming essential for managing the variability associated with solar and wind power generation. They are increasingly used in substations that support large-scale renewable projects, notably in regions that experience harsh environmental conditions. Also, the increasing need to replace aging infrastructure underscores the demand for GIS, which offers a compact and efficient alternative to traditional switchgear.

Additionally, the growing regulatory focus on reducing greenhouse gas emissions drives innovation in GIS technologies, with newer systems increasingly adopting alternatives to sulfur hexafluoride (SF6) to meet environmental standards. As companies strive to comply with these regulations, GIS technology is becoming a more viable option for sustainable energy management.

For instance, in February 2023, ABB India launched the PrimeGear ZX0, an eco-efficient switchgear built on ABB's SF6-free ecoGIS technology. By utilizing alternatives to SF6, ecoGIS reduces global warming potential by 100%.

Dominance of High Voltage Gas Insulated Switchgear (GIS)

In India, high-voltage GIS is vital for the country's energy infrastructure due to increasing energy needs, efficient space utilization, improved safety, and increasing power consumption. High-voltage gas insulated switchgear (GIS) have cemented their dominance with strong statistics in the India market. With India's economy expanding quickly, there is a substantial increase in the need for electricity. The increase in energy usage requires strong and effective power distribution systems. High-voltage GIS has a compact design, which makes it ideal for installation in populated urban areas with space constraints. Moreover, high-voltage GIS systems are recognized for their features, such as dependability and safety, which are essential for sustaining a continuous power supply to vital infrastructure and industries. As India aims to incorporate additional renewable energy sources such as solar and wind into its grid, high-voltage gas insulated switchgear plays a crucial role in effectively managing these diverse energy inputs. GIS technology aids the country in achieving its targeted renewable energy objectives.

Additionally, government initiatives such as the National Smart Grid Mission are also encouraging the use of advanced switchgear technologies. Government efforts promote the investment in advanced high-voltage GIS technology to upgrade the power industry, in line with the overall energy plan.

For instance, in February 2024, Godrej Electricals & Electronics, a unit of Godrej & Boyce, announced the completion of Mumbai's first 400kV gas insulated switchgear (GIS) substation which will significantly enhance the city's energy capacity by 1,500 MVA.

West and Central Region Dominates Gas Insulated Switchgear Share

West and Central India is the dominant region in the gas insulated switchgear (GIS) market, primarily driven by rapid industrialization and urban development. States such as Maharashtra and Gujarat lead the sector due to their high concentration of industries, including oil and gas industries, manufacturing, and utilities, which require reliable power distribution systems. For instance, Mumbai is a key commercial hub, depending heavily on advanced switchgear technologies to manage its extensive electrical grid, which supports millions of residents and businesses.

Moreover, Gujarat is recognized for its aggressive renewable energy initiatives aiming to generate over 30 GW of solar and wind power by 2025, necessitating sophisticated GIS solutions to integrate these sources efficiently into the grid. The region's robust infrastructure, including ports and logistics networks, further propels the installation and maintenance of GIS systems. Additionally, ongoing government projects and investments in smart grid technology are set to enhance the demand for GIS in India, aligning with the nation's overall energy strategy. The focus on modernization and sustainability solidifies the region's position as a leader in the GIS market.

For instance, in April 2024, Godrej & Boyce received an order exceeding USD 1000 million for a 400 kV gas insulated switchgear or GIS substation project in Mumbai. The project aims to enhance the efficiency of power distribution in one of India's busiest urban centers and help in meeting the future demand of the city.

Future Market Scenario (FY2025 - FY2032F)

Innovations in GIS technology, such as improved reliability, reduced footprint, and enhanced safety features, will boost the adoption rates of the technology in the forecast period.

The private sector is also showing a growing interest in GIS technologies, with companies like Godrej & Boyce actively expanding their capabilities in high-voltage applications.

India's economy continues to grow, and the demand for electricity is expected to rise. The demand necessitates the development of efficient and reliable power distribution systems making GIS a vital component of the energy infrastructure.

Rapid urban development in cities increases the need for compact, efficient power distribution systems, with GIS ideal for densely populated areas.

Key Players Landscape and Outlook

Continuous innovation characterizes the landscape of India gas insulated switchgear, as the companies compete to outperform one another in terms of advances GIS solutions, renewable integration, and safety features. The market prognosis remains positive, owing to increased demand for electricity, automation, and emphasizing eco-friendly solutions. Gas insulated switchgear manufacturers are concerned with innovation and technology, enhance reliability, and efficiency in power distribution, which will likely define the industry's future. Collaborations and developing technologies are projected to increase competition in this fast-paced market.

In August 2024, Hitachi Energy introduced a new technology, EconiQ switchgear, to eliminate sulfur hexafluoride (SF6), a highly potent greenhouse gas widely used in electrical grids. EconiQ switchgear, the highest-voltage SF6-free system, offers the same operational performance as traditional switchgear while completely removing SF6 emissions.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

  • 4.1. Respondent Demographic
  • 4.2. Factor Influencing Purchase Decision
    • 4.2.1. Environmental Considerations
    • 4.2.2. Cost of Maintenance
    • 4.2.3. Product Efficiency
    • 4.2.4. Safety Features
    • 4.2.5. Performance and Reliability

5. India Gas Insulated Switchgear Market Outlook, 2017-2031F

  • 5.1. Market Size Analysis & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share Analysis & Forecast
    • 5.2.1. By Voltage
      • 5.2.1.1. Low Voltage
      • 5.2.1.2. Medium Voltage
      • 5.2.1.3. High Voltage
    • 5.2.2. By Installation
      • 5.2.2.1. Indoor
      • 5.2.2.2. Outdoor
    • 5.2.3. By Insulation Type
      • 5.2.3.1. SF6
      • 5.2.3.2. SF6-Free GIS
    • 5.2.4. By End-use Industry
      • 5.2.4.1. Power Utilities
      • 5.2.4.2. Industries
      • 5.2.4.3. Commercial and Residential
    • 5.2.5. By Region
      • 5.2.5.1. North
      • 5.2.5.2. South
      • 5.2.5.3. East
      • 5.2.5.4. West and Central
    • 5.2.6. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
  • 5.3. Market Map Analysis, FY2024
    • 5.3.1. By Voltage
    • 5.3.2. By Installation
    • 5.3.3. By Insulation Type
    • 5.3.4. By End-use Industry
    • 5.3.5. By Region

All segments will be provided for all regions covered

6. Porter's Five Forces Analysis

7. PESTLE Analysis

8. Market Dynamics

  • 8.1. Market Drivers
  • 8.2. Market Challenges

9. Market Trends and Developments

10. Case Studies

11. Competitive Landscape

  • 11.1. Competition Matrix of Top 5 Market Leaders
  • 11.2. SWOT Analysis for Top 5 Players
  • 11.3. Key Players Landscape for Top 10 Market Players
    • 11.3.1. GE Vernova T&D India Limited
      • 11.3.1.1. Company Details
      • 11.3.1.2. Key Management Personnel
      • 11.3.1.3. Products and Services
      • 11.3.1.4. Financials (As Reported)
      • 11.3.1.5. Key Market Focus and Geographical Presence
      • 11.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
    • 11.3.2. Siemens Limited
    • 11.3.3. Hitachi Energy India Limited
    • 11.3.4. Schneider Electric India Private Limited
    • 11.3.5. ABB India Limited
    • 11.3.6. Eaton Electric Private Limited
    • 11.3.7. Toshiba Transmission & Distribution Systems (INDIA) Private Limited
    • 11.3.8. Bharat Heavy Electricals Limited
    • 11.3.9. Larsen & Toubro Limited
    • 11.3.10. CG Power and Industrial Solutions Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

12. Strategic Recommendations

13. About Us and Disclaimer

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. India Gas Insulated Switchgear Market, By Value, In USD Billion, FY2018-FY2032F
  • Figure 2. India Gas Insulated Switchgear Market Share (%), By Voltage, FY2018-FY2032F
  • Figure 3. India Gas Insulated Switchgear Market Share (%), By Installation, FY2018-FY2032F
  • Figure 4. India Gas Insulated Switchgear Market Share (%), By Insulation Type, FY2018-FY2032F
  • Figure 5. India Gas Insulated Switchgear Market Share (%), By End-use Industry, FY2018-FY2032F
  • Figure 6. India Gas Insulated Switchgear Market Share (%), By Region, FY2018-FY2032F
  • Figure 7. By Voltage Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 8. By Installation Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 9. By Insulation Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 10. By End-use Industry Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 11. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024