The top 10 switchgear companies in India are likely to consolidate their market position in the coming few years as the demand for electrical switchgear companies in India is mainly driven by the fast-growing power distribution and transmission network and new electrification initiatives in the rural areas of the country. The top switchgear companies in India are witnessing high demand in the wake of the robust development of infrastructure and construction activities across the country. The market for switchgear manufacturing companies in India is forecasted to touch #3.8 billion by the end of 2022. The population of the country is expanding rapidly which requires expansive construction and power distribution to reach out to the growing civilization which is also likely to fuel the growth of the top switchgear companies in India. Multiple initiatives and schemes for electrification by the Government is expected to boost the growth of the top 10 switchgear companies in India.
The top 10 list of switchgear companies in India
Top 10 Switchgear Companies in India
1. ABB India Ltd
ABB India Ltd is one of the top 10 switchgear companies in India from the best list of switchgear companies in India. This top switchgear company in India was established in 1949 and this best electrical switchgear companies in India is a globally leading electrical company with a dominating presence in over 100 countries. This leading switchgear manufacturing companies in India has its headquarters in Bangalore employing more than 10,000 people. ABB India Ltd, one of the top switchgear manufacturers in India has an annual revenue of over $34 billion with a net income of over $2 billion.
2. Siemens India
Siemens India was incorporated in 1957 at Kolkata and this top 10 switchgear companies in India has more than 15,000 employees across the country. Siemens India is a part of the Siemens AG group and this top switchgear company in India has more than 20 factories and over ten R&D facilities in India. This leading electrical switchgear companies in India is an integral part of the comprehensive list of switchgear companies in India and a leading switchgear manufacturing companies in India to cater to the Indian Railways. Siemens is one of the best switchgear manufacturers in India with an annual revenue of more than $83 billion across the global markets.
3. GE T&D India Ltd
GE T&D India Ltd is one of the top switchgear companies in India and this electrical switchgear company in India was previously known as Alstom T&D India Limited. This top 10 switchgear companies in India commenced its operations in India after taking over from the previous company in 2016. This leading electrical switchgear companies in India provides switchgear services to the Rajdhani and Shatabdi trains for Indian Railways. GE T&D India Ltd has around 8 factories in India and more than 3200 employees across the country. This top switchgear manufacturing companies in India has an annual revenue in excess of $120 billion.
4. Bharat Heavy Electrical Limited
Bharat Heavy Electrical Limited (BHEL) is one of the top 10 switchgear companies in India which was founded by the Government of India in 1964 and is headquartered at New Delhi, India. This company has regularly featured in the top list of switchgear companies in India and is wholly owned by the Government of India. This leading electrical switchgear companies in India has an annual revenue of around $4.5 billion and employs almost 40,000 people all over the country. This major switchgear manufacturing companies in India presently has over 150 projects in India and overseas with a network of more than 15 units for manufacturing.
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5. Legrand India Private Limited
Legrand India Private Limited is a leading electrical switchgear company in India to feature in the top 10 list of switchgear companies in India. This top 10 switchgear companies in India is a global player and was established in 1961 and is headquartered at Mumbai, India. This best electrical switchgear companies in India has an annual revenue of around $0.4 billion and has been growing rapidly as one of the largest switchgear manufacturing companies in India. This leading switchgear manufacturers in India has over 1,000 employees in India with 3 factories and over 25 offices across the country.
6. Larsen & Toubro Limited
Larsen & Toubro Limited is another top 10 switchgear companies in India and was established in 1944 by Henning Holck-Larsen and Søren Kristian Toubro at Mumbai, India. This large electrical switchgear companies in India has more than 100,000 employees with a global presence in more than 50 countries worldwide. This leading electrical switchgear companies in India has an annual revenue of over $17 billion and has multiple switchgear facilities in industrial zones such as Vadodara and Powai. This top switchgear manufacturer is one of the earliest formed top 10 switchgear companies in India in the list of switchgear companies in India.
7. Havells India Ltd
Havells India Ltd is a leading electrical switchgear company in India and was founded in 1983 by Qimat Rai Gupta and the head office of this top 10 switchgear companies in India is located at Noida, India with more than 20 branches across the country. This top switchgear companies in India employs over 6,000 people with a global reach in around 50 countries. This large switchgear manufacturing companies in India has a one-billion-dollar annual revenue with an operating income of more than $120 million and considered as one of the best electrical switchgear companies in India.
8. Schneider Electric Infrastructure Limited
Schneider Electric Infrastructure Limited is another top 10 switchgear companies in India in the best list of switchgear companies in India. This leading electrical switchgear companies in India was established in 2011 and is headquartered at New Delhi, India. This top switchgear companies in India has a global reach in over 30 countries and more than 12 branches across India. This leading electrical switchgear companies in India has an annual revenue of over $4 billion and employs more than 100,000 professionals globally. This best switchgear manufacturers in India has wide distribution network all over the country including various rural areas.
9. Toshiba Transmission & Distribution Systems (India) Private Limited
Toshiba Transmission & Distribution Systems (India) Private Limited is one of the top switchgear companies in India and is part of the global Toshiba Group. This top 10 switchgear companies in India commenced operations in India in 2013 and the head office is at Medak, India. This leading electrical switchgear companies in India has bagged two major power distribution projects in Odisha and Telangana in the recent past. In addition, this leading switchgear manufacturers in India employs more than 5,000 people and has an annual revenue of more than $500 million.
10. Anchor Electricals Pvt Ltd
Anchor Electricals Pvt Ltd is a top 10 switchgear companies in India with a legacy in the field of electrical switchgear companies in India. Anchor Electricals Pvt Ltd, a top switchgear companies in India is a subsidiary of Panasonic Corporation and was founded in 1963 with its headquarters in Mumbai, India. This leading switchgear manufacturing companies in India has over 35 sales offices and more than 20 headquarters on a state level. This top switchgear manufacturers in India has been popularly called the Super Brand for Switches in India.
What is the Future of The Top 10 Switchgear Companies in India?
The market for the top 10 switchgear companies in India is dominated by the low voltage switchgear segment and is expected to have the fastest growing CAGR in the next five years owing to the rapid development of the commercial and residential sector. The growth of the leading electrical switchgear companies in India is forecasted to be fueled by the increased generation of power in the country as there is a huge demand for electricity in this region. In addition, the top switchgear companies in India are forecasted to have a robust growth owing to the increased adoption of renewable energy and alternative sources of energy like wind energy across the country. The growth of the top electrical switchgear companies in India is also likely to be fueled by the increased directives of the Government to replace existing and redundant power grid with the latest and efficient systems. Overall, the future for the best switchgear manufacturing companies in India looks promising as the country is emerging as one of the largest economies in the world.
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