Electrical Equipment Market in India 2024-2028

Electrical Equipment Market In India 2024-2028


The electrical equipment market in india is forecasted to grow by USD 76.24 bn during 2023-2028, accelerating at a CAGR of 14.3% during the forecast period. The report on the electrical equipment market in india provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in number of residential and commercial building projects, rise in power generation from renewable energy sources, and increase in investments in power sector.

Technavio's electrical equipment market in india is segmented as below:
  • By Product
  • Cables
  • Transmission lines
  • Transformers
  • Switchgears
  • Others
  • By Application
  • Transmission and distribution
  • Generation
  • By Geographical Landscape
  • APAC
This study identifies the growth in cross-border electricity trading as one of the prime reasons driving the electrical equipment market in india growth during the next few years. Also, emergence of smart grids and rapid growth in infrastructure will lead to sizable demand in the market.

The report on the electrical equipment market in india covers the following areas:
  • Electrical Equipment Market in India sizing
  • Electrical Equipment Market in India forecast
  • Electrical Equipment Market in India industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electrical equipment market in india vendors that include ABB, BGR Energy Systems Ltd., Bharat Bijlee Ltd, Bharat Heavy Electricals Ltd., EMCO Ltd., ETA Elektrotechnische Apparate GmbH, Fuji Electric Co. Ltd., General Electric Co., Kirloskar Electric Co. Ltd., Larsen and Toubro Ltd., Murugappa Group, Schneider Electric SE, Shilchar Technologies Ltd., Siemens AG, Star Delta Transformers Ltd., TD Power Systems Pvt. Ltd., Thermax Ltd., Toshiba Corp., and Ujaas Energy Ltd.. Also, the electrical equipment market in india analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Data Table on Market Overview
  • Market Landscape
    • Market ecosystem
      • Table Data Table on - Parent Market
    • Market characteristics
    • Value chain analysis
  • Market Sizing
    • Market definition
    • Market segment analysis
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on India: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Electrical Equipment Market in India 2018 - 2022
      • Table Historic Market Size - Data Table on Electrical Equipment Market in India 2018 - 2022 ($ million)
    • Product segment analysis 2018 - 2022
    • Application segment analysis 2018 - 2022
  • 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
      • Table Data Table on Product - Market share 2023-2028 (%)
    • Comparison by Product
      • Table Data Table on Comparison by Product
    • Cables - Market size and forecast 2023-2028
      • Table Data Table on Cables - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Cables - Year-over-year growth 2023-2028 (%)
    • Transmission lines - Market size and forecast 2023-2028
      • Table Data Table on Transmission lines - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Transmission lines - Year-over-year growth 2023-2028 (%)
    • Transformers - Market size and forecast 2023-2028
      • Table Data Table on Transformers - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Transformers - Year-over-year growth 2023-2028 (%)
    • Switchgears - Market size and forecast 2023-2028
      • Table Data Table on Switchgears - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Switchgears - Year-over-year growth 2023-2028 (%)
    • Others - Market size and forecast 2023-2028
      • Table Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Product
      • Table Data Table on Market opportunity by Product ($ million)
  • Market Segmentation by Application
    • Market segments
      • Table Data Table on Application - Market share 2023-2028 (%)
    • Comparison by Application
      • Table Data Table on Comparison by Application
    • Transmission and distribution - Market size and forecast 2023-2028
      • Table Data Table on Transmission and distribution - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Transmission and distribution - Year-over-year growth 2023-2028 (%)
    • Generation - Market size and forecast 2023-2028
      • Table Data Table on Generation - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Generation - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Application
      • Table Data Table on Market opportunity by Application ($ million)
  • Customer Landscape
    • Customer landscape overview
  • Drivers, Challenges, and Opportunity/Restraints
    • Market drivers
      • Increase in number of residential and commercial building projects
      • Rise in power generation from renewable energy sources
      • Increase in investments in power sector
    • Market challenges
      • Threat from cyberattacks in power generation industry
      • Issue of power losses during transmission and distribution
      • Threat from refurbished and counterfeit products
    • Impact of drivers and challenges
    • Market opportunities/restraints
      • Growth in cross-border electricity trading
      • Emergence of smart grids
      • Rapid growth in infrastructure
  • Competitive Landscape
    • Overview
    • Competitive Landscape
    • Landscape disruption
    • Industry risks
  • Competitive Analysis
    • Companies profiled
    • Market positioning of companies
    • ABB
    • BGR Energy Systems Ltd.
    • Bharat Bijlee Ltd
    • Bharat Heavy Electricals Ltd.
    • EMCO Ltd.
    • ETA Elektrotechnische Apparate GmbH
    • Fuji Electric Co. Ltd.
    • General Electric Co.
    • Kirloskar Electric Co. Ltd.
    • Larsen and Toubro Ltd.
    • Murugappa Group
    • Schneider Electric SE
    • Siemens AG
    • TD Power Systems Pvt. Ltd.
    • Toshiba Corp.
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • Data procurement
    • Data validation
    • Validation techniques employed for market sizing
    • Data synthesis
    • 360 degree market analysis
    • List of abbreviations

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