Electrical Equipment Market in India 2025-2029

Electrical Equipment Market In India 2025-2029

The electrical equipment market in india is forecasted to grow by USD 95306.9 mn during 2024-2029, accelerating at a CAGR of 15.6% 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.

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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's electrical equipment market in india is segmented as below:

By Product

• Cables and wires
• Transmission lines
• Transformers
• Switchgears
• Others

By Application

• Transmission and distribution
• Generation

By Distribution Channel

• Direct sales
• Distributors and dealers
• Online platforms
• Retail stores

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 Ltd., ABC transformers Pvt. Ltd., Apar Industries Ltd., Bharat Bijlee Ltd, Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., Finolex Cables Ltd., Fuji Electric Co. Ltd., GE Vernova Inc., Gupta Power Infrastructure Ltd., Havells India Ltd., KEI Industries Ltd., Kirloskar Electric Co. Ltd., Larsen and Toubro Ltd., Polycab India Ltd., RR Kabel, Schneider Electric SE, Shilchar Technologies Ltd., Siemens AG, Star Delta Transformers Ltd., Toshiba Corp., and Universal Cables 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 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.