India’s Electrical Equipment Market Expected to Record Growth of $ 33.74 Billion | ABB Ltd., Bharat Heavy Electricals Ltd. and CG Power and Industrial Solutions Ltd. emerging as dominant players

NEW YORK, January 10, 2022 / PRNewswire / – Electrical equipment market in India: Facts at a Glance-

Attractive Opportunities in India Electrical Equipment Market by Application and Product – Forecast and Analysis 2021-2025

  • Total pages: 120

  • Companies: 10+ – Including ABB Ltd., Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., EMCO Ltd., Fuji Electric Co. Ltd., Larsen and Toubro Ltd., Schneider Electric SE, Siemens AG, TD Power Systems Pvt. Ltd., and Toshiba Corp.

  • Blanket: Main drivers, trends and challenges; Product information and news; Value chain analysis; Parents market analysis; Supplier landscape; COVID impact and recovery analysis

  • Segments: Product (cables, equipment, boilers, transformers and other products)

  • Geographies: North America, Europe, APAC, South America, and MEA

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According to the recent Technavio market study, the Electrical equipment market in India should increase by $ 33.74 billion from 2020 to 2025, progressing at a CAGR of 9% during the forecast period. The report provides detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major pockets of investment.

Supplier Information-

The electrical equipment market in India is fragmented due to the presence of several regional and international actors. Established market players invest heavily in R&D to introduce new and innovative products in order to expand their customer base.

ABB SA: The company offers electrical equipment such as drives, low and medium voltage equipment, and others.

Bharat Heavy Electricals Ltd. : The company offers electrical equipment such as transformers, squirrel cage induction motors, slip ring induction motors and others.

CG Power and Industrial Solutions Ltd. : The company offers electrical equipment such as FHP / commercial motors and others.

EMCO SA: The company offers electrical equipment such as transformers, meters and others.

Fuji Electric Co. Ltd. : The company offers electrical equipment such as motors, transmitters, flow meters and more.

Discover additional highlights about the vendors and their product offerings. Download a free sample report

Regional market outlook

The growth of the electrical equipment market in India will be important during the forecast period. The growing number of manufacturing plants and the establishment of initiatives such as “Make in India“create several growth opportunities in the market. In addition, the growing demand for transformers, such as autotransformers, power transformers, instrument transformers, distribution transformers, potential transformers, isolation transformers and current transformers is expected to drive the growth of the electrical equipment market by India during the forecast period.

Download our FREE sample report for more highlights on the regional market share of most of the countries mentioned above.

Latest drivers and trends driving the market –

The growth of the middle class population in India increases demand for housing. In addition, the availability of cheap labor and favorable government regulations encourage global companies to expand their presence by setting up production plants in the country. In addition, the increased investment in the construction industry creates a large demand for electrical equipment in the country, thus stimulating the growth of the market.

Many people in countries like Bangladesh, Nepal, and Burma do not have access to electricity due to lack of power generation capacity. Therefore, these countries are involved in cross-border electricity trade with India to meet their energy needs. The number of such agreements between these countries is increasing as it helps them reduce energy prices, overcome electricity shortages, mitigate electricity losses and reduce their carbon footprint. This has resulted in growth in the production and distribution of electricity in the India and subsequently stimulates the demand for electrical equipment.

Find additional information on various other market drivers and trends mentioned in our FREE Sample Report.

Associated reports:

Electric Discharge Machines Market by End User and Geography – Forecast and Analysis 2021-2025

Carbon Brushes Market by Application and Geography – Forecast and Analysis 2022-2026

India Electrical Equipment Market Scope

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a 9% CAGR

Market growth 2021-2025

$ 33.74 billion

Market structure

Fragmented

Annual growth (%)

3.92

Regional analysis

India

Efficient contribution to the market

100% India

Main consumer countries

India

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

ABB Ltd., Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., EMCO Ltd., Fuji Electric Co. Ltd., Larsen and Toubro Ltd., Schneider Electric SE, Siemens AG, TD Power Systems Pvt. Ltd., and Toshiba Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

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About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s report library. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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