COVID-19 Impacts: Electrical Equipment Market in India Will Accelerate at a CAGR of Over 16% Through 2020-2024 | Increase in Number of Commercial Building Projects to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#ElectricalEquipmentMarketinIndia–Technavio has been monitoring the electrical equipment market in India and it is poised to grow by USD 70.69 bn during 2020-2024, progressing at a CAGR of 16% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

An increase in the number of commercial building projects has been instrumental in driving the growth of the market.

Electrical Equipment Market in India 2020-2024 : Segmentation

Electrical Equipment Market in India is segmented as below:

• Application
  • Transmission And Distribution
  • Generation
• Product
  • Cables
  • Switchgears
  • Boilers
  • Transformers
  • Transmission Lines
  • Others

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Electrical Equipment Market in India 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our electrical equipment market in India report covers the following areas:

• Electrical Equipment Market in India size
• Electrical Equipment Market in India trends
• Electrical Equipment Market in India industry analysis

This study identifies growth in cross-border electricity trading as one of the prime reasons driving the electrical equipment market growth in India during the next few years.

Electrical Equipment Market in India 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the electrical equipment market in India, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the electrical equipment market in India are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Electrical Equipment Market in India 2020-2024 : Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist electrical equipment market growth in India during the next five years
• Estimation of the electrical equipment market size in India and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the electrical equipment market in India
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of electrical equipment market vendors in India

Table Of Contents :

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

• 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 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

• Overview

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.

Appendix

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

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