The India Gas-insulated Switchgear Market was valued at USD 2 Billion in 2023 and is expected to grow at a strong CAGR of around 6.5% during the forecast period 2024-2032
The Indian market for Gas-insulated switchgear (GIS) is fast developing since its application is required in the developed power infrastructure brought about by population growth and expansion of renewable energy sources. Major vendors in the GIS market are now involved in investing, merging, acquiring, and partnering to cater to the need that is arising from the market. This paper aims to look at the key strategies implemented by the leaders of GIS companies in India and their impact on the market.
Schneider Electric
Investments and Innovations
Schneider Electric being a well-known player in the GIS market, has capitalized on its global experience and understanding of the situation in India. Over the past few years, the company has boosted its investment in the development of new GIS products, as well as the improvement of its technology. Notable investments include:
New Product Launches: Schneider Electric has come up with new generation GIS solutions, which are suitable for the Indian environment. The company’s EcoStruxure™ GIS, which is a physical structure of digital and IoT, possesses superior monitoring, control, and maintenance features. This product launch is occasioned by the current trends that require smart and efficient distribution of electricity.
Manufacturing Facility Expansion: Schneider Electric has extended the manufacturing capacities of GIS in India to meet the growing demands. The new facilities also include professional technically advanced equipment through which high-quality GIS products customized to the local environment can be produced.
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Collaborations and Partnerships
Schneider Electric has also engaged in strategic collaborations to enhance its market presence: Schneider Electric has also engaged in strategic collaborations to enhance its market presence:
Partnership with Tata Power: This has made Schneider Electric engage Tata Power in the design as well as the implementation of modern solutions in GIS. The primary mission of this cooperation is to increase the effectiveness and quality of power distribution grids, especially for large cities.
Alliance with Indian Railways: To sum it up the company has worked in developing GIS integration for the power distribution systems among India’s railway network. It helps in capitalizing on modernization in the Indian transportation system and also thus highlights the company’s focus on infrastructural projects.
Siemens
Acquisitions and Strategic Investments
Siemens has been actively expanding its footprint in the Indian GIS market through strategic acquisitions and investments:
Acquisition of Mentor Graphics: On the one hand, the purchase of Mentor Graphics – a worldwide electronic design automation corporation – has improved Siemens’ GIS technology portfolios. This implies the evolution of sophisticated GIS solutions whose design and performance aspects should be enhanced.
Investment in R&D: Over time, Siemens has endeavored to embark on research and development (R&D) to enhance GIS solutions. Concerning innovations, the company is also involved in the creation of new GIS products for modern India’s needs, including integrating more renewables.
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Collaborations and Project Involvements
Siemens has also formed key partnerships to drive GIS adoption:
Collaboration with Adani Group: Adani Group has been partnering with Siemens to apply GIS convention in several infrastructures including solar parks and industrial processes. This partnership focuses more on Siemens’s position in promoting the development of renewable energy systems in India.
Joint Ventures with Indian Utilities: Siemens has set up joint ventures with the Indian utilities for using GIS in the deployment of distribution networks. It also said that these collaborations are designed to improve the stability of the electricity grid and assist with the blending of renewables into electricity networks.
ABB
Mergers and Acquisitions
ABB has been active in strengthening its position in the Indian GIS market through mergers and acquisitions:
Acquisition of GE Industrial Solutions: Since, achieving the acquisition of GE Industrial Solutions, ABB’s GIS product and solutions portfolio has increased. This acquisition increases ABB’s prospects of providing a broad selection of GIS technologies to meet the requirements of the Indian market.
Investment in Local Manufacturing: ABB has also established its manufacturing competence to enhance GIS products manufacturing to meet its growing demand. Such investment aligns with the objective of the business to produce and deliver affordable and superior products to the Indians.
Strategic Collaborations
ABB has engaged in several strategic collaborations to enhance its GIS market presence:
Partnership with NTPC: GIS projects have been implemented in power generation and distribution projects with the help of cooperation between ABB and NTPC Limited. As part of this collaborative assistance, NTPC plans on upgrading its facilities’ reliability and hence shaping its life expectancy.
Collaboration with State Utilities: ABB has implemented the GIS technology in the power distribution network and for this it has offered its services to various state utilities in India. These partnerships concern the modernization of the existing facilities and the use of renewable energy resources.
Conclusion
The Indian gas-insulated switchgear market is experiencing significant growth due to the planned initiatives of market players like Schneider Electric, Siemens, ABB, General Electric (GE), and Eaton. Currently, these companies are involved in investing, merging, acquiring, and partnering to improve their GIs and to cater to the increasing demand for innovative power distribution solutions. Recent advancements in GIS technologies show that India needs GIS technology to expand renewable energy and modernize the power sector. The above-discussed giants of the GIS industry will have significant roles and responsibilities to contribute to developing a more advanced Indian market in the future.
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