Electrical Equipment Market in India 2021-2025

Electrical Equipment Market in India 2021-2025

  • April 2021 •
  • 120 pages •
  • Report ID: 5877065 •
  • Format: PDF
Electrical Equipment Market in India 2021-2025
The analyst has been monitoring the electrical equipment market in India and it is poised to grow by $ 33.74 billion during 2021-2025, progressing at a CAGR of almost 9% during the forecast period. Our report on the electrical equipment market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by an increase in the number of residential and commercial building projects, the rise in power generation from renewable energy sources, and an increase in investments in the power sector. In addition, an increase in the number of residential and commercial building projects is anticipated to boost the growth of the market as well.
The electrical equipment market in India analysis includes product and application segments.

The electrical equipment market in India is segmented as below:
By Product
• Cables
• Switchgears
• Boilers
• Transformers
• Other products

By Application
• Transmission and distribution
• Generation

This study identifies the growth in cross-border electricity trading as one of the prime reasons driving the electrical equipment market growth in India growth during the next few years. Also, the emergence of smart grids and rapid growth in infrastructure will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the electrical equipment market in India covers the following areas:
• Electrical equipment market sizing in India
• Electrical equipment market forecast in India
• Electrical equipment market industry analysis in India

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electrical equipment market in India vendors that include 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. Also, the electrical equipment market analysis report in India includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.