Increase in Number of Commercial Building Projects will Drive the Market Growth during the Forecast Period

The electrical equipment market in India is expected to register a CAGR of over 16% during 2020-2024, as per the latest research report by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.

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Technavio has announced its latest market research report titled Electrical Equipment Market in India 2020-2024 (Graphic: Business Wire)

Request for Technavio’s market report estimates including pre- and post-COVID-19 impact on electrical equipment market in India. Download a Free Sample Report on the impact of COVID-19 pandemic analysis.

Due to the extensive spread of the virus across the globe, the Industrials industry is anticipated to have Negative impact. The electrical equipment market in India will showcase Negative impact during 2020-2024.

Electrical Equipment Market in India 2020-2024: Segmentation

Electrical Equipment Market in India is segmented as below:

  • Application

  • Product

    • Cables

    • Switchgears

    • Boilers

    • Transformers

    • Transmission Lines

    • Others

Significant investments in the distribution sector by the government will drive the demand for transmission and distribution equipment, which will fuel the electrical equipment market growth over the forecast period. The growth of the electrical equipment market share in India by the transmission and distribution segment will be slower than the growth of the market by the generation segment.

The Industrials market is anticipated to have Indirect impact due to the spread of COVID-19 and the electrical equipment market demand in India will show At par growth. View market snapshot before purchasing

Growth in cross-border electricity trading has been an instrumental factor in influencing the growth of the electrical equipment market in India. Other market drivers include a rise in power generation from renewable energy sources and an increase in investments in power sector. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior

  • Optimistic, base case and pessimistic scenarios for all markets as the impact of pandemic unfolds

  • Pre- as well as post-COVID 19 market estimates

  • Quarterly impact analysis as the spread reaches a global level and updates on market estimates

Get more insights about the global trends impacting the future of electrical equipment market in India, Request Free Sample @

Electrical Equipment Market in India 2020-2024: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. Major market participants 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 Energy Systems & Solutions Corp.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio’s SUBSCRIPTION platform

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

Five Forces Analysis

Market Segmentation by Product

  • Market segments

  • Comparison by Product placement

  • Cables – Market size and forecast 2019-2024

  • Switchgears – Market size and forecast 2019-2024

  • Boilers – Market size and forecast 2019-2024

  • Transformers – Market size and forecast 2019-2024

  • Other products – Market size and forecast 2019-2024

  • Market opportunity by Product

Market Segmentation by Application

  • Market segments

  • Comparison by Application placement

  • Transmission and distribution – Market size and forecast 2019-2024

  • Generation – Market size and forecast 2019-2024

  • Market opportunity by Application

Customer landscape

Drivers, Challenges, and Trends

  • Market drivers

  • Volume driver – Demand led growth

  • Volume driver – Supply led growth

  • Volume driver – External factors

  • Volume driver – Demand shift in adjacent markets

  • Price driver – Inflation

  • Price driver – Shift from lower to higher-priced units

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • 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 Energy Systems & Solutions Corp.


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