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

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR41598
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The electrical equipment market in India's share is expected to increase by USD 33.74 billion from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 9%.

This electrical equipment market in India research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by product (cables, switchgears, boilers, transformers, and other products) and application (transmission and distribution and generation). The electrical equipment market in India report also offers information on several market vendors, 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., among others.

What will the Electrical Equipment Market In India Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Electrical Equipment Market in India Size for the Forecast Period and Other Important Statistics

 

Electrical Equipment Market In India: Key Drivers and Challenges

Based on our research output, there has been a negative impact on the market growth during and post the COVID-19 era. The increase in the number of residential and commercial building projects is notably driving the electrical equipment market in India's growth, although factors such as the threat from cyberattacks in the power generation industry may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the electrical equipment market in India. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electrical Equipment Market In India Driver

The growth of the residential and commercial sectors in India will lead to an increase in the demand for power, thereby driving the demand for cables. The growing middle-class population in the country is leading to an increase in the demand for more housing units. The availability of low-cost labor in this country has been adding to the lucrativeness of the country to foreign companies seeking new markets to expand into. This is encouraging enterprises in the construction industry to invest in construction and infrastructural development activities. 

Key Electrical Equipment Market In India Challenge

The number of cyberattacks, such as network attacks by hackers and cybercriminals, is rising in India. During cyberattacks, hackers can attack the IT systems to cause infrastructural damage and breakdown of power supply, resulting in an outage. One type of cyberattack common to power systems is false data injection (FDI). A successful FDI attack on IT systems can cause an imbalance between power consumption and power generation in a grid. This can lead to a deviation of the frequency in the grid from its nominal value. Any deviation in frequency caused by an FDI attack spreads across the entire grid and triggers remedial actions, such as disconnecting customer loads or generators. Such actions can damage the equipment, and cascading failures can lead to massive power blackouts. Thus, the threat posed by cyberattacks on the power industry can hamper the growth of the market in focus during the forecast period.

This electrical equipment market in India's analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Electrical Equipment Market In India Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, 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.
  • Toshiba Corp.

 

This statistical study of the electrical equipment market in India encompasses successful business strategies deployed by the key vendors. The electrical equipment market in India is fragmented, and the vendors are deploying growth strategies such as making significantly huge investments in R&D to push better products into the market and expand their customer base to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The electrical equipment market in India's forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

 

What are the Revenue-generating Product Segments in the Electrical Equipment Market In India?

To gain further insights on the market contribution of various segments Request for a FREE sample

The electrical equipment market in India's growth-share by the cables segment will be significant during the forecast period. Cables are electrical equipment used to transfer electricity from the source to any equipment that operates on electricity. The Indian construction industry has been showing robust growth. The growth of the residential and commercial sectors in India will lead to an increase in the demand for power, thereby driving the demand for cables.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electrical equipment market in India's size and actionable market insights on the post-COVID-19 impact on each segment.

 

Electrical Equipment Market In India Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9%

Market growth 2021-2025

USD 33.74 billion

Market structure

Fragmented

YoY growth (%)

3.92

Regional analysis

India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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 inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Electrical Equipment Market In India Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive the electrical equipment market in India's growth during the next five years
  • Precise estimation of the electrical equipment market in India's size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electrical equipment market in India 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the electrical equipment market in India's vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Cables - Market size and forecast 2020-2025
    • Switchgears - Market size and forecast 2020-2025
    • Boilers - Market size and forecast 2020-2025
    • Transformers - Market size and forecast 2020-2025
    • Transmission lines - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Transmission and distribution - Market size and forecast 2020-2025
    • Generation - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • 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.
    • Toshiba Corp.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The electrical equipment market growth will increase by $70.69 billion during 2019-2024.
    The electrical equipment market is expected to grow at a CAGR of 16.17% during 2019-2024.
    Technavio has segmented the electrical equipment market by product (Cables, Switchgears, Boilers, Transformers, and Other products) and geographic (Afghanistan, Africa, and Albania).
    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., Toshiba Energy Systems & Solutions Corp. are a few of the key vendors in the electrical equipment market.
    Afghanistan will register the highest growth rate of 29.16% among the other regions. Therefore, the electrical equipment market in Afghanistan is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the electrical equipment market growth are:
    • Increase in number residential and commercial building projects
    • Growth in cross-border electricity trading
    The electrical equipment market vendors should focus on grabbing business opportunities from the cables segment as it accounted for the largest market share in the base year.
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