Electrical Equipment Market in Bosnia and Herzegovina 2016-2020

Overview of the electrical equipment market in Bosnia and Herzegovina

Extensive research carried out by the analysts at Technavio has shown that the electrical equipment market in Bosnia and Herzegovina will witness steady growth and will post a CAGR of more than 6% over the forecast period. With the growth of the housing market in the country, the electrical equipment market is anticipated to have a positive outlook in the coming years. Although the pace of recovery of the housing sector is slow, the real estate will grow steadily because of an increase in interest from international developers and investors. This recovery is contributing to a slow but steady increase in demand for electrical equipment.

The augmented demand for LED-based lighting products is one of the emerging trends driving this market’s growth during the forecast period. Manufacturers that cater to such residential end-users are focussing on the introduction of products with innovative designs and aesthetic appeal to enhance sales. Moreover, fluorescent tubes are being increasingly substituted with LED-based lighting systems, which will also contribute to this market’s growth during the predicted period. The government’s implementation of the National Energy Efficiency Action Plan in 2012 is also expected to aid in the increased adoption of energy-efficient systems such as LED-based lighting products.

Segmentation by type of product and analysis of the electrical equipment market in Bosnia and Herzegovina

• Electrical and electronic wires and cables
• Electric lighting equipment
• Batteries and accumulators
• Wiring devices

The electrical and electronic wires and cables segment led the electrical equipment market in Bosnia and Herzegovina and accounted for more than 84% of the market shares in terms of revenue. Increasing demand from export markets in the EU is one of the key factors impelling the growth prospects of this market segment.

Competitive landscape and key vendors

The electrical equipment market in Bosnia and Herzegovina is characterized by the presence of several well-established international and regional vendors. The majority of international players have increased in their footprint in the market through strong distribution strategies. As a result, the domestic manufacturers are finding it increasingly difficult to compete with international players in terms of quality, technology, and pricing. The competitive environment in this market will likely intensify with an increase in product/service extensions and technological innovations.

Key vendors in this market are -

• TT cables
• Electrokontakt Zagreb
• Tvornica elektro opreme
• Kapis Tvornica kabela Tomislavgrad

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the electrical equipment market in Bosnia and Herzegovina?
• What are the key market trends impacting the growth of the electrical equipment market in Bosnia and Herzegovina?
• What are the challenges to market growth?
• Who are the key vendors in the electrical equipment market in Bosnia and Herzegovina?
• What are the market opportunities and threats faced by the vendors in the electrical equipment market in Bosnia and Herzegovina?
• Trending factors influencing the market shares of Bosnia and Herzegovina.
• What are the key outcomes of the five forces analysis of the electrical equipment market in Bosnia and Herzegovina?

Technavio also offers customization on reports based on specific client requirement.

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