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.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Data Table on Market Overview
  • Technavio Analysis
    • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
    • Criticality of inputs and Factors of differentiation
    • Factors of disruption
    • Impact of drivers and challenges
  • Market Landscape
    • Market ecosystem
      • Table Data Table on - Parent Market
    • Market characteristics
    • Value chain analysis
  • Market Sizing
    • Market definition
    • Market segment analysis
    • Market size 2024
    • Market outlook: Forecast for 2024-2029
      • Table Data Table on India - Market size and forecast 2024-2029 ($ million)
      • Table Data Table on India: Year-over-year growth 2024-2029 (%)
  • Historic Market Size
    • Electrical Equipment Market in India 2019 - 2023
      • Table Historic Market Size - Data Table on Electrical Equipment Market in India 2019 - 2023 ($ million)
    • Product segment analysis 2019 - 2023
    • Application segment analysis 2019 - 2023
    • Distribution Channel segment analysis 2019 - 2023
  • Market Share of Companies
    • Market share of companies
      • Table Data table on 1
      • Table Data table on 2
      • Table Data table on 3
      • Table Data table on 4
      • Table Data table on 5
  • Qualitative Analysis
    • Impact of AI on electrical equipment market in India
  • Additional Value/Volume Data
    • Electrical Equipment Market in India by Others product 2024 - 2029 ($ million)
      • Table Market Size (value) - Data Table on Electrical Equipment Market in India by Others product 2024 - 2029 ($ million)
  • 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 2024-2029 (%)
    • Comparison by Product
      • Table Data Table on Comparison by Product
    • Cables and wires - Market size and forecast 2024-2029
      • Table Data Table on Cables and wires - Market size and forecast 2024-2029 ($ million)
      • Table Data Table on Cables and wires - Year-over-year growth 2024-2029 (%)
    • Transmission lines - Market size and forecast 2024-2029
      • Table Data Table on Transmission lines - Market size and forecast 2024-2029 ($ million)
      • Table Data Table on Transmission lines - Year-over-year growth 2024-2029 (%)
    • Transformers - Market size and forecast 2024-2029
      • Table Data Table on Transformers - Market size and forecast 2024-2029 ($ million)
      • Table Data Table on Transformers - Year-over-year growth 2024-2029 (%)
    • Switchgears - Market size and forecast 2024-2029
      • Table Data Table on Switchgears - Market size and forecast 2024-2029 ($ million)
      • Table Data Table on Switchgears - Year-over-year growth 2024-2029 (%)
    • Others - Market size and forecast 2024-2029
      • Table Data Table on Others - Market size and forecast 2024-2029 ($ million)
      • Table Data Table on Others - Year-over-year growth 2024-2029 (%)
    • 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 2024-2029 (%)
    • Comparison by Application
      • Table Data Table on Comparison by Application
    • Transmission and distribution - Market size and forecast 2024-2029
      • Table Data Table on Transmission and distribution - Market size and forecast 2024-2029 ($ million)
      • Table Data Table on Transmission and distribution - Year-over-year growth 2024-2029 (%)
    • Generation - Market size and forecast 2024-2029
      • Table Data Table on Generation - Market size and forecast 2024-2029 ($ million)
      • Table Data Table on Generation - Year-over-year growth 2024-2029 (%)
    • Market opportunity by Application
      • Table Data Table on Market opportunity by Application ($ million)
  • Market Segmentation by Distribution Channel
    • Market segments
      • Table Data Table on Distribution Channel - Market share 2024-2029 (%)
    • Comparison by Distribution Channel
      • Table Data Table on Comparison by Distribution Channel
    • Direct sales - Market size and forecast 2024-2029
      • Table Data Table on Direct sales - Market size and forecast 2024-2029 ($ million)
      • Table Data Table on Direct sales - Year-over-year growth 2024-2029 (%)
    • Distributors and dealers - Market size and forecast 2024-2029
      • Table Data Table on Distributors and dealers - Market size and forecast 2024-2029 ($ million)
      • Table Data Table on Distributors and dealers - Year-over-year growth 2024-2029 (%)
    • Online platforms - Market size and forecast 2024-2029
      • Table Data Table on Online platforms - Market size and forecast 2024-2029 ($ million)
      • Table Data Table on Online platforms - Year-over-year growth 2024-2029 (%)
    • Retail stores - Market size and forecast 2024-2029
      • Table Data Table on Retail stores - Market size and forecast 2024-2029 ($ million)
      • Table Data Table on Retail stores - Year-over-year growth 2024-2029 (%)
    • Market opportunity by Distribution Channel
      • Table Data Table on Market opportunity by Distribution Channel ($ 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
    • Company ranking index
    • Market positioning of companies
    • ABB Ltd.
    • Apar Industries Ltd.
    • Bharat Heavy Electricals Ltd.
    • CG Power and Industrial Solutions Ltd.
    • Finolex Cables Ltd.
    • Fuji Electric Co. Ltd.
    • GE Vernova Inc.
    • Havells India Ltd.
    • KEI Industries Ltd.
    • Larsen and Toubro Ltd.
    • Polycab India Ltd.
    • RR Kabel
    • Schneider Electric SE
    • Siemens AG
    • 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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