
India Electromechanical Components Market Research Report by Component [Fuse (Midi Fuses, Mega Fuses), Connectors (Pin Header connector, USB C Connector, Terminal for Connector, Feeder Connectors)], by Sales Channel (OEM, Manufacturer Direct Sales, Online
Description
India electromechanical components market is expected to reach USD 501.3 Million by 2030, at a CAGR of 19.8% during the forecast period. An electromechanical component refers to any part that operates through the interaction of electrical currents and mechanical motion. Such components bridge the gap between electronic systems and physical movement, enabling functions like switching, driving, or controlling machinery.
Rising industrial activity, supported by robust government initiatives, is a key driver of the India electromechanical components market. Programs such as Udyog Bharat 4.0, the Centre for the Fourth Industrial Revolution, and Make in India 2.0 are boosting manufacturing efficiency and global value chain participation. Electromechanical components are increasingly deployed in machinery for manufacturing, packaging, and assembly, as well as in EV charging infrastructure. This dual demand from traditional industries and the electric mobility sector underpins India’s strong market growth outlook.
Key Company Development
L&T Electrical & Automation (E&A) has seen pivotal restructuring milestones that reshaped its industry standing. In August 2020, Larsen & Toubro completed the divestment of its E&A division to Schneider Electric in a landmark ₹14,000 crore all-cash deal, enabling Schneider to expand its Indian footprint. Following the acquisition, in September 2021, the company introduced a strategic shift by adopting two brands and two sales models to strengthen competitiveness. These moves underscore a focused alignment with Schneider’s global vision, enhancing customer engagement, fostering innovation, and solidifying L&T E&A’s role in advancing India’s electrical and automation landscape.
Major Competitors
Key players in the India electromechanical components market are L&T Electrical & Automation, Schneider Electric, Havells India Ltd, Legrand India, TE Connectivity, Phoenix Contact, ABB India Ltd, Siemens India, Eaton, Molex LLC, C&S Electric Limited, and Panasonic Life Solutions India Pvt Ltd.
Report Attribute Details
Market Size 2022 USD 110.2 Million
Market Size 2030 USD 501.3 Million
CAGR (2023-2030) 19.8%
Base Year 2022
Market Forecast Period 2023-2030
Market Segmentation Insights
By Component: Fuse - 19.8%, Connectors - 19.7%.
By Sales Channel: OEM - 19.0%, Manufacturer Direct Sales - 21.1%.
By End Use Vertical: Automotive - 23.5%, Telecommunication - 20.3%.
Rising industrial activity, supported by robust government initiatives, is a key driver of the India electromechanical components market. Programs such as Udyog Bharat 4.0, the Centre for the Fourth Industrial Revolution, and Make in India 2.0 are boosting manufacturing efficiency and global value chain participation. Electromechanical components are increasingly deployed in machinery for manufacturing, packaging, and assembly, as well as in EV charging infrastructure. This dual demand from traditional industries and the electric mobility sector underpins India’s strong market growth outlook.
Key Company Development
L&T Electrical & Automation (E&A) has seen pivotal restructuring milestones that reshaped its industry standing. In August 2020, Larsen & Toubro completed the divestment of its E&A division to Schneider Electric in a landmark ₹14,000 crore all-cash deal, enabling Schneider to expand its Indian footprint. Following the acquisition, in September 2021, the company introduced a strategic shift by adopting two brands and two sales models to strengthen competitiveness. These moves underscore a focused alignment with Schneider’s global vision, enhancing customer engagement, fostering innovation, and solidifying L&T E&A’s role in advancing India’s electrical and automation landscape.
Major Competitors
Key players in the India electromechanical components market are L&T Electrical & Automation, Schneider Electric, Havells India Ltd, Legrand India, TE Connectivity, Phoenix Contact, ABB India Ltd, Siemens India, Eaton, Molex LLC, C&S Electric Limited, and Panasonic Life Solutions India Pvt Ltd.
Report Attribute Details
Market Size 2022 USD 110.2 Million
Market Size 2030 USD 501.3 Million
CAGR (2023-2030) 19.8%
Base Year 2022
Market Forecast Period 2023-2030
Market Segmentation Insights
By Component: Fuse - 19.8%, Connectors - 19.7%.
By Sales Channel: OEM - 19.0%, Manufacturer Direct Sales - 21.1%.
By End Use Vertical: Automotive - 23.5%, Telecommunication - 20.3%.
Table of Contents
98 Pages
- 1 Executive Summary
- 2 Market Introduction
- 2.1 Definition
- 2.2 Scope Of The Study
- 2.3 Research Objective
- 2.4 Market Structure
- 3 Research Methodology
- 4 Market Dynamics
- 4.1 Introduction
- 4.2 Drivers
- 4.2.1 Expanding Industrial Sector Demand For Electromechanical Component
- 4.2.2 Increasing Demand For Consumer Electronics
- 4.2.3 The Indian Government's Implementation Of Various Initiatives To Promote Domestic Manufacturing, Such As The Make In India Campaign
- 4.2.4 Increasing Demand For Automotive Industry
- 4.2.5 Drivers Impact Analysis
- 4.3 Restraints
- 4.3.1 Customers Prioritizing Affordability Over Advanced Features Or High-quality Components
- 4.3.2 Competition From Low-cost Imports
- 4.3.3 Limited Skilled Workforce
- 4.3.4 Restraints Impact Analysis
- 4.4 Opportunity
- 4.4.1 Expansion Of Charging System For Ev Market
- 4.4.2 Smart Cities And Iot Implementation
- 4.4.3 Growing Internet Connectivity And Data Center
- 4.5 Challenge
- 4.5.1 Quality And Counterfeit Concerns
- 4.6 Impact Of Covid-19
- 4.6.1 Impact On Semiconductor Manufacturers
- 4.6.2 Impact On Component Manufacturers
- 4.6.3 Impact On Device Manufacturers
- 4.6.4 Covid-19 Impact On Supply Chain Delay In India
- 5 Market Factor Analysis
- 5.1 Value Chain Analysis
- 5.1.1 Research And Development:
- 5.1.2 Raw Material Suppliers:
- 5.1.3 Components Manufacturers:
- 5.1.4 Distributors And Sales:
- 5.1.5 Installation And Integration:
- 5.1.6 End Users
- 5.2 Porter’s Five Forces Model
- 5.2.1 Threat Of New Entrants
- 5.2.2 Bargaining Power Of Suppliers
- 5.2.3 Threat Of Substitutes
- 5.2.4 Bargaining Power Of Buyers
- 5.2.5 Intensity Of Rivalry
- 6 India Electromechanical Components Market, By Component
- 6.1 Overview
- 6.1.1 India Electromechanical Components Market, By Component, 2018–2030 (Usd Million)
- 6.1 Fuse
- 6.1.1 India Electromechanical Components Market, By Fuse, 2019–2030 (Usd Million)
- 6.1.2 Midi Fuses
- 6.1.3 Mega Fuses
- 6.2 Connectors
- 6.2.1 India Electromechanical Components Market, By Connectors, 2019–2030 (Usd Million)
- 6.2.2 Pin Header Connector
- 6.2.3 Usb C Connector
- 6.2.4 Terminal For Connector
- 6.2.5 Feeder Connectors
- 7 India Electromechanical Components Market, By Sales Channel
- 7.1 Overview
- 7.1.1 India Electromechanical Components Market, By Sales Channel, 2018–2030 (Usd Million)
- 7.2 Oem
- 7.3 Manufacturer Direct Sales
- 7.4 Online Retailers
- 7.5 Aftermarket
- 8 India Electromechanical Components Market, By End Use Vertical
- 8.1 Overview
- 8.1.1 India Electromechanical Components Market, By End Use Vertical, 2019–2030 (Usd Million)
- 8.2 Automotive
- 8.3 Telecommunication
- 8.4 Aerospace & Aviation
- 8.5 Industrial Automation & Control System
- 8.6 Energy & Power Generation
- 8.7 Consumer Electronics
- 8.8 Medical Devices
- 8.9 Railway & Transportation
- 8.10 Military & Defense
- 8.11 Others
- 9 Competitive Landscape
- 9.1 Competitive Benchmarking
- 9.2 Vendor Share Analysis
- 9.3 Recent Developments
- 9.3.1 Collaboration/ Partnership/Agreements/Contract
- 9.3.2 Product Launch
- 9.3.3 Mergers, Acquisitions, And Divestments
- 10 Company Profiles
- 10.1 L&T Electrical & Automation
- 10.1.1 Company Overview
- 10.1.2 Financial Overview
- 10.1.3 Products/Solutions Offered
- 10.1.4 Key Developments
- 10.1.5 Swot Analysis
- 10.1.6 Key Strategies
- 10.2 Schneider Electric
- 10.2.1 Company Overview
- 10.2.2 Financial Overview
- 10.2.3 Products/Solutions Offered
- 10.2.4 Key Developments
- 10.2.5 Swot Analysis
- 10.2.6 Key Strategies
- 10.3 Havells India Ltd
- 10.3.1 Company Overview
- 10.3.2 Financial Overview
- 10.3.3 Products/Solutions Offered
- 10.3.4 Key Developments
- 10.3.5 Swot Analysis
- 10.3.6 Key Strategies
- 10.4 Legrand India
- 10.4.1 Company Overview
- 10.4.2 Financial Overview
- 10.4.3 Products/Solutions Offered
- 10.4.4 Key Developments
- 10.4.5 Swot Analysis
- 10.4.6 Key Strategies
- 10.5 Te Connectivity
- 10.5.1 Company Overview
- 10.5.2 Financial Overview
- 10.5.3 Products/Solutions Offered
- 10.5.4 Key Developments
- 10.5.5 Swot Analysis
- 10.5.6 Key Strategies
- 10.6 Phoenix Contact
- 10.6.1 Company Overview
- 10.6.2 Financial Overview
- 10.6.3 Products/Solutions Offered
- 10.6.4 Key Developments
- 10.6.5 Swot Analysis
- 10.6.6 Key Strategies
- 10.7 Abb India Ltd
- 10.7.1 Company Overview
- 10.7.2 Financial Overview
- 10.7.3 Products/Solutions Offered
- 10.7.4 Key Developments
- 10.7.5 Swot Analysis
- 10.7.6 Key Strategies
- 10.8 Siemens
- 10.8.1 Company Overview
- 10.8.2 Financial Overview
- 10.8.3 Products/Solutions Offered
- 10.8.4 Key Developments
- 10.8.5 Swot Analysis
- 10.8.6 Key Strategies
- 10.9 Eaton
- 10.9.1 Company Overview
- 10.9.2 Financial Overview
- 10.9.3 Products/Solutions Offered
- 10.9.4 Key Developments
- 10.9.5 Swot Analysis
- 10.9.6 Key Strategies
- 10.10 Molex Llc
- 10.10.1 Company Overview
- 10.10.2 Financial Overview
- 10.10.3 Products/Solutions Offered
- 10.10.4 Key Developments
- 10.10.5 Swot Analysis
- 10.10.6 Key Strategies
- 10.11 C&S Electric Limited
- 10.11.1 Company Overview
- 10.11.2 Financial Overview
- 10.11.3 Products/Solutions Offered
- 10.11.4 Key Developments
- 10.11.5 Swot Analysis
- 10.11.6 Key Strategies
- 10.12 Panasonic Life Solutions India Pvt Ltd
- 10.12.1 Company Overview
- 10.12.2 Financial Overview
- 10.12.3 Products/Solutions Offered
- 10.12.4 Key Developments
- 10.12.5 Swot Analysis
- 10.12.6 Key Strategies
- List Of Tables
- Table 1 Market Synopsis
- Table 2 India Electromechanical Components Market, By Component, 2018–2030 (Usd Million)
- Table 3 India Electromechanical Components Market, By Fuse, 2019–2030 (Usd Million)
- Table 4 India Electromechanical Components Market, By Connectors, 2019–2030 (Usd Million)
- Table 5 India Electromechanical Components Market, By Sales Channel, 2018–2030 (Usd Million)
- Table 6 India Electromechanical Components Market, By End Use Vertical, 2019–2030 (Usd Million)
- Table 7 Collaboration/ Partnership/Agreements/Contracts
- Table 8 Product Launch/Product Expansion/Site Expansion
- Table 9 Mergers, Acquisitions, And Divestments
- Table 10 L&T Electrical & Automation: Products/Solutions Offered
- Table 11 L&T Electrical & Automation: Key Developments
- Table 12 Schneider Electric: Products/Solutions Offered
- Table 13 Schneider Electric: Key Developments
- Table 14 Havells India Ltd: Products/Solutions Offered
- Table 15 Havells India Ltd: Key Developments
- Table 16 Legrand India: Products/Solutions Offered
- Table 17 Te Connectivity: Products/Solutions Offered
- Table 18 Te Connectivity: Key Developments
- Table 19 Phoenix Contact: Products/Solutions Offered
- Table 20 Phoenix Contact: Key Developments
- Table 21 Abb India Ltd: Products/Solutions Offered
- Table 22 Abb India Ltd: Key Developments
- Table 23 Siemens: Products/Solutions Offered
- Table 24 Siemens: Key Developments
- Table 25 Eaton: Products/Solutions Offered
- Table 26 Eaton: Key Developments
- Table 27 Molex Llc: Products/Solutions Offered
- Table 28 Molex Llc: Key Developments
- Table 29 C&S Electric Limited: Products/Solutions Offered
- Table 30 C&S Electric Limited: Key Developments
- Table 31 Panasonic Life Solutions India Pvt Ltd: Products/Solutions Offered
- Table 32 Panasonic Life Solutions India Pvt Ltd: Key Developments
- List Of Figures
- Figure 1 India Electromechanical Components Market: Market Structure
- Figure 2 Bottom-up And Top-down Approaches
- Figure 3 Market Dynamic Analysis Of India Electromechanical Components Market
- Figure 4 Drivers Impact Analysis: India Electromechanical Components Market
- Figure 5 Restraints Impact Analysis: India Electromechanical Components Market
- Figure 6 Value Chain Analysis: India Electromechanical Components Market
- Figure 7 Porter's Five Forces Analysis Of The India Electromechanical Components Market
- Figure 8 India Electromechanical Components Market, By Component, 2022 (% Share)
- Figure 9 India Electromechanical Components Market, By Component, 2022 Vs 2030 (Usd Million)
- Figure 10 India Electromechanical Components Market, By Sales Channel, 2022 (% Share)
- Figure 11 India Electromechanical Components Market, By Sales Channel, 2022 Vs 2030 (Usd Million)
- Figure 12 India Electromechanical Components Market, By End Use Vertical, 2022 (% Share)
- Figure 13 India Electromechanical Components Market, By End Use Vertical, 2022 Vs 2030 (Usd Million)
- Figure 15 Vendor Share Analysis, 2022 (% Share)
- Figure 16 L&T Electrical & Automation (Part Of Schneider Electric): Financial Overview Snapshot
- Figure 17 L&T Electrical & Automation: Swot Analysis
- Figure 18 Schneider Electric: Financial Overview Snapshot
- Figure 19 Schneider Electric: Swot Analysis
- Figure 20 Havells India Ltd: Financial Overview Snapshot
- Figure 21 Havells India Ltd: Swot Analysis
- Figure 22 Legrand India: Financial Overview Snapshot
- Figure 23 Legrand India: Swot Analysis
- Figure 24 Te Connectivity: Financial Overview Snapshot
- Figure 25 Te Connectivity: Swot Analysis
- Figure 26 Phoenix Contact: Financial Overview Snapshot
- Figure 27 Phoenix Contact: Swot Analysis
- Figure 28 Abb India Ltd: Financial Overview Snapshot
- Figure 29 Abb India Ltd: Swot Analysis
- Figure 30 Siemens (India): Financial Overview Snapshot
- Figure 31 Siemens: Swot Analysis
- Figure 32 Eaton: Financial Overview Snapshot
- Figure 33 Eaton: Swot Analysis
- Figure 34 Molex Llc: Swot Analysis
- Figure 35 C&S Electrical Limited (Part Of Siemens): Financial Overview Snapshot
- Figure 36 C&S Electric Limited: Swot Analysis
- Figure 37 Panasonic Life Solutions India Pvt Ltd (Part Of Panasonic Holdings Corporation): Financial Overview Snapshot
- Figure 38 Panasonic Life Solutions India Pvt Ltd: Swot Analysis
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