The electrical equipment market in India will attend a negative impact during the forecast period due to the widespread growth of the COVID-19 pandemic. According to Technavio’s pandemic-focused market research, market growth increases in 2020 compared to 2019.
With the continued spread of the novel coronavirus pandemic, organizations around the world are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through phases of response, recovery and renewal. Building business resilience and enabling agility will help organizations move forward on their journey from the COVID-19 crisis to the next normal.
This post-pandemic business planning research will help clients:
- Adjust their strategic planning to move forward once business stability sets in.
- Build resilience by make efficient choices about resources and investments for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction and changing customer behavior
- Optimistic, probable and pessimistic scenarios for all markets as the impact of the pandemic unfolds
- Market estimates before and after COVID-19
- Quarterly impact analysis and updates on market estimates
The related industry report includes:
Global Explosion Proof Electrical Equipment Market – The global explosion-proof electrical equipment market is segmented by type (enclosures, encapsulations, and conduit and cable sales) and geography (North America, APAC, Europe, South America, and MEA). Get an exclusive free sample report
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Market of the three main electrical equipment in India Speakers:
ABB Ltd. operates through segments such as electrification products, robotics and motion, and industrial automation. The Company offers electrical equipment such as power transformers, dry-type transformers, reactors and inductors, and distribution transformers, among others.
Bharat Heavy Electricals Ltd.
Bharat Heavy Electricals Ltd. operates in segments such as energy and industrials. The company offers electrical equipment such as switchgear.
CG Power and Industrial Solutions Ltd.
CG Power and Industrial Solutions Ltd. operates in segments such as Power Systems and Industrial Systems. The Company offers electrical equipment such as insulated switchgears, distribution transformers, instrument transformers and DC motors, among others.
If you purchase an updated report within the next 60 days, we’ll send you the new edition and data extract FREE! Get a preview of the report here to get a detailed market share analysis of market players during the COVID-19 lockdown: https://www.technavio.com/report/electrical-equipment-market-in-india-industry-analysis
electrical equipment market in India 2020-2024: Segmentation
electrical equipment market in India is segmented as below:
- transmission and distribution
- transmission lines
The electrical equipment market in India is stimulated by an increase in the number of commercial construction projects. In addition, other factors such as growth in cross-border electricity trade are expected to drive the electrical equipment market in India to a CAGR of over 16% over the forecast period.
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