LONDON–(BUSINESS WIRE)–The electrical equipment market in India is poised to grow by USD 70.69 billion during 2020-2024, progressing at a CAGR of over 16% during the forecast period. Request free sample pages
Read the 120-page report with TOC on “Electrical Equipment Market in India Analysis Report by Application (Transmission and distribution, and Generation), Product (Cables, Switchgears, Boilers, Transformers, Transmission lines, and Others), and the Segment Forecasts, 2020-2024”.
https://www.technavio.com/report/electrical-equipment-market-in-india-industry-analysis
The market is driven by the increasing number of residential and commercial building projects. In addition, the growth in cross-border electricity trading is anticipated to boost the growth of the electrical equipment market in India.
Factors such as population expansion and growing consumer requirements have significantly increased the number of construction projects in India. Major cities such as Gurugram, Mumbai, Bengaluru, Pune, Chennai, Kolkata, and Hyderabad have witnessed a steady rise in the construction of new commercial and residential units. In November 2019, DLF Ltd. announced its plans to invest in the construction of three million square feet of office space in Gurugram. Such investments are driving the demand for power generation and associated equipment. Therefore, the rise in the number of residential and commercial building projects is expected to boost the growth of the electrical equipment market in India during the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Major Five Electrical Equipment Market Companies in India:
ABB Ltd.
ABB Ltd. operates its business 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, distribution transformers, and others.
Bharat Heavy Electricals Ltd.
Bharat Heavy Electricals Ltd. operates its business through segments such as Power and Industry. The company offers electrical equipment such as switchgears.
CG Power and Industrial Solutions Ltd.
CG Power and Industrial Solutions Ltd. operates its business through segments such as Power Systems and Industrial Systems. The company offers electrical equipment such as insulated switchgears, distribution transformers, instrument transformers, DC motors, and others.
EMCO Ltd.
EMCO Ltd. operates its business through the Products and Solutions segment. The company offers a wide range of transformers such as distribution transformers, power transformers up to 500MVA, 400 kV, furnace transformers, rectifier transformers, locomotive transformers, and others.
Fuji Electric Co. Ltd.
Fuji Electric Co. Ltd. operates its business through segments such as Power Electronics Systems, Power and New Energy, Electronic Devices, Food and Beverage Distribution, and Others. The company offers electrical equipment such as oil-immersed transformer, cast resin transformer, gas-insulated switchgear, medium-voltage (MV) and low-voltage (LV) switchgear, control center, and others.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
Electrical Equipment Market in India Application Outlook (Revenue, USD Billion, 2020-2024)
- Transmission and distribution
- Generation
Electrical Equipment Market in India Product Outlook (Revenue, USD Billion, 2020-2024)
- Cables
- Switchgears
- Boilers
- Transformers
- Transmission lines
- Others
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Industrials Include:
HVAC Systems Market in India – HVAC systems market in India by product (split AC, window AC, and others) and application (non-residential and residential).
Industrial Automation and Instrumentation Market in India – Industrial automation and instrumentation market in India by product (industrial automation and industrial instrumentation) and end-users (process industry and discrete industry).
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
