Electrical Equipment Market in India 2023-2027

PUBLISHED: August 31, 2023

PAGES: 142 Pages

DELIVERY TIME: 1-2 business days

ADD TO COMPARE

SELECT AN OPTION

List of Tables

India - electrical equipment market 2023-2027

The India - electrical equipment market is forecasted to grow by USD 52,975.77 mn during 2022-2027, accelerating at a CAGR of 11.68% during the forecast period. The report on the India - electrical equipment market 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 the number of residential and commercial building projects, a rise in power generation from renewable energy sources, and an increase in investments in the power sector.

Market Scope
Base Year	2022
End Year	2027
Series Year	2023-2027
Growth Momentum	Accelerate
YOY 2023	11.44%
CAGR	11.68%
Incremental Value	$52975.77mn

Technavio's India - electrical equipment market is segmented as below:

By Product

Cables
Transmission lines
Transformers
Switchgears
Boilers and others

By Application

Transmission and distribution
Generation

This study identifies the growth in cross-border electricity trading as one of the prime reasons driving the India - electrical equipment market 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 India - electrical equipment market covers the following areas:

India - electrical equipment market sizing
India - electrical equipment market forecast
India - electrical equipment market 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 India - electrical equipment market vendors that include ABB Ltd., 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 India - electrical equipment market 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 research - both primary and secondary. 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 the accurate market growth.

Product Code: IRTNTR41598

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Product
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 12: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 13: Chart on India: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on India: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Electrical equipment market in India 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on electrical equipment market in India 2017 - 2021 ($ million)
4.2 Product Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - Product Segment 2017 - 2021 ($ million)
4.3 Application Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - Application Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments
Exhibit 25: Chart on Product - Market share 2022-2027 (%)
Exhibit 26: Data Table on Product - Market share 2022-2027 (%)
6.2 Comparison by Product
Exhibit 27: Chart on Comparison by Product
Exhibit 28: Data Table on Comparison by Product
6.3 Cables - Market size and forecast 2022-2027
Exhibit 29: Chart on Cables - Market size and forecast 2022-2027 ($ million)
Exhibit 30: Data Table on Cables - Market size and forecast 2022-2027 ($ million)
Exhibit 31: Chart on Cables - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on Cables - Year-over-year growth 2022-2027 (%)
6.4 Transmission lines - Market size and forecast 2022-2027
Exhibit 33: Chart on Transmission lines - Market size and forecast 2022-2027 ($ million)
Exhibit 34: Data Table on Transmission lines - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Chart on Transmission lines - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Transmission lines - Year-over-year growth 2022-2027 (%)
6.5 Transformers - Market size and forecast 2022-2027
Exhibit 37: Chart on Transformers - Market size and forecast 2022-2027 ($ million)
Exhibit 38: Data Table on Transformers - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Chart on Transformers - Year-over-year growth 2022-2027 (%)
Exhibit 40: Data Table on Transformers - Year-over-year growth 2022-2027 (%)
6.6 Switchgears - Market size and forecast 2022-2027
Exhibit 41: Chart on Switchgears - Market size and forecast 2022-2027 ($ million)
Exhibit 42: Data Table on Switchgears - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Chart on Switchgears - Year-over-year growth 2022-2027 (%)
Exhibit 44: Data Table on Switchgears - Year-over-year growth 2022-2027 (%)
6.7 Boilers and others - Market size and forecast 2022-2027
Exhibit 45: Chart on Boilers and others - Market size and forecast 2022-2027 ($ million)
Exhibit 46: Data Table on Boilers and others - Market size and forecast 2022-2027 ($ million)
Exhibit 47: Chart on Boilers and others - Year-over-year growth 2022-2027 (%)
Exhibit 48: Data Table on Boilers and others - Year-over-year growth 2022-2027 (%)
6.8 Market opportunity by Product
Exhibit 49: Market opportunity by Product ($ million)
Exhibit 50: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Application

7.1 Market segments
Exhibit 51: Chart on Application - Market share 2022-2027 (%)
Exhibit 52: Data Table on Application - Market share 2022-2027 (%)
7.2 Comparison by Application
Exhibit 53: Chart on Comparison by Application
Exhibit 54: Data Table on Comparison by Application
7.3 Transmission and distribution - Market size and forecast 2022-2027
Exhibit 55: Chart on Transmission and distribution - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Transmission and distribution - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Transmission and distribution - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Transmission and distribution - Year-over-year growth 2022-2027 (%)
7.4 Generation - Market size and forecast 2022-2027
Exhibit 59: Chart on Generation - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Generation - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Generation - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Generation - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Application
Exhibit 63: Market opportunity by Application ($ million)
Exhibit 64: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 66: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends

10 Vendor Landscape

10.1 Overview
10.2 Vendor landscape
Exhibit 67: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 68: Overview on factors of disruption
10.4 Industry risks
Exhibit 69: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
Exhibit 70: Vendors covered
11.2 Market positioning of vendors
Exhibit 71: Matrix on vendor position and classification
11.3 ABB Ltd.
Exhibit 72: ABB Ltd. - Overview
Exhibit 73: ABB Ltd. - Business segments
Exhibit 74: ABB Ltd. - Key news
Exhibit 75: ABB Ltd. - Key offerings
Exhibit 76: ABB Ltd. - Segment focus
11.4 BGR Energy Systems Ltd.
Exhibit 77: BGR Energy Systems Ltd. - Overview
Exhibit 78: BGR Energy Systems Ltd. - Product / Service
Exhibit 79: BGR Energy Systems Ltd. - Key offerings
11.5 Bharat Bijlee Ltd.
Exhibit 80: Bharat Bijlee Ltd. - Overview
Exhibit 81: Bharat Bijlee Ltd. - Business segments
Exhibit 82: Bharat Bijlee Ltd. - Key offerings
Exhibit 83: Bharat Bijlee Ltd. - Segment focus
11.6 Bharat Heavy Electricals Ltd.
Exhibit 84: Bharat Heavy Electricals Ltd. - Overview
Exhibit 85: Bharat Heavy Electricals Ltd. - Business segments
Exhibit 86: Bharat Heavy Electricals Ltd. - Key news
Exhibit 87: Bharat Heavy Electricals Ltd. - Key offerings
Exhibit 88: Bharat Heavy Electricals Ltd. - Segment focus
11.7 EMCO Ltd.
Exhibit 89: EMCO Ltd. - Overview
Exhibit 90: EMCO Ltd. - Product / Service
Exhibit 91: EMCO Ltd. - Key offerings
11.8 ETA Elektrotechnische Apparate GmbH
Exhibit 92: ETA Elektrotechnische Apparate GmbH - Overview
Exhibit 93: ETA Elektrotechnische Apparate GmbH - Product / Service
Exhibit 94: ETA Elektrotechnische Apparate GmbH - Key offerings
11.9 Fuji Electric Co. Ltd.
Exhibit 95: Fuji Electric Co. Ltd. - Overview
Exhibit 96: Fuji Electric Co. Ltd. - Business segments
Exhibit 97: Fuji Electric Co. Ltd. - Key offerings
Exhibit 98: Fuji Electric Co. Ltd. - Segment focus
11.10 General Electric Co.
Exhibit 99: General Electric Co. - Overview
Exhibit 100: General Electric Co. - Business segments
Exhibit 101: General Electric Co. - Key news
Exhibit 102: General Electric Co. - Key offerings
Exhibit 103: General Electric Co. - Segment focus
11.11 Kirloskar Electric Co. Ltd.
Exhibit 104: Kirloskar Electric Co. Ltd. - Overview
Exhibit 105: Kirloskar Electric Co. Ltd. - Business segments
Exhibit 106: Kirloskar Electric Co. Ltd. - Key offerings
Exhibit 107: Kirloskar Electric Co. Ltd. - Segment focus
11.12 Larsen and Toubro Ltd.
Exhibit 108: Larsen and Toubro Ltd. - Overview
Exhibit 109: Larsen and Toubro Ltd. - Business segments
Exhibit 110: Larsen and Toubro Ltd. - Key news
Exhibit 111: Larsen and Toubro Ltd. - Key offerings
Exhibit 112: Larsen and Toubro Ltd. - Segment focus
11.13 Murugappa Group
Exhibit 113: Murugappa Group - Overview
Exhibit 114: Murugappa Group - Product / Service
Exhibit 115: Murugappa Group - Key offerings
11.14 Schneider Electric SE
Exhibit 116: Schneider Electric SE - Overview
Exhibit 117: Schneider Electric SE - Business segments
Exhibit 118: Schneider Electric SE - Key news
Exhibit 119: Schneider Electric SE - Key offerings
Exhibit 120: Schneider Electric SE - Segment focus
11.15 Siemens AG
Exhibit 121: Siemens AG - Overview
Exhibit 122: Siemens AG - Business segments
Exhibit 123: Siemens AG - Key news
Exhibit 124: Siemens AG - Key offerings
Exhibit 125: Siemens AG - Segment focus
11.16 TD Power Systems Pvt. Ltd.
Exhibit 126: TD Power Systems Pvt. Ltd. - Overview
Exhibit 127: TD Power Systems Pvt. Ltd. - Business segments
Exhibit 128: TD Power Systems Pvt. Ltd. - Key offerings
Exhibit 129: TD Power Systems Pvt. Ltd. - Segment focus
11.17 Toshiba Corp.
Exhibit 130: Toshiba Corp. - Overview
Exhibit 131: Toshiba Corp. - Business segments
Exhibit 132: Toshiba Corp. - Key offerings
Exhibit 133: Toshiba Corp. - Segment focus

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 134: Inclusions checklist
Exhibit 135: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 136: Currency conversion rates for US$
12.4 Research methodology
Exhibit 137: Research methodology
Exhibit 138: Validation techniques employed for market sizing
Exhibit 139: Information sources
12.5 List of abbreviations
Exhibit 140: List of abbreviations

Product Code: IRTNTR41598

Exhibits:

Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Product
Exhibits5: Executive Summary - Chart on Market Segmentation by Application
Exhibits6: Executive Summary - Chart on Vendor Market Positioning
Exhibits7: Parent market
Exhibits8: Market Characteristics
Exhibits9: Offerings of vendors included in the market definition
Exhibits10: Market segments
Exhibits11: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibits12: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibits13: Chart on India: Year-over-year growth 2022-2027 (%)
Exhibits14: Data Table on India: Year-over-year growth 2022-2027 (%)
Exhibits15: Historic Market Size - Data Table on electrical equipment market in India 2017 - 2021 ($ million)
Exhibits16: Historic Market Size - Product Segment 2017 - 2021 ($ million)
Exhibits17: Historic Market Size - Application Segment 2017 - 2021 ($ million)
Exhibits18: Five forces analysis - Comparison between 2022 and 2027
Exhibits19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits21: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits22: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits23: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits24: Chart on Market condition - Five forces 2022 and 2027
Exhibits25: Chart on Product - Market share 2022-2027 (%)
Exhibits26: Data Table on Product - Market share 2022-2027 (%)
Exhibits27: Chart on Comparison by Product
Exhibits28: Data Table on Comparison by Product
Exhibits29: Chart on Cables - Market size and forecast 2022-2027 ($ million)
Exhibits30: Data Table on Cables - Market size and forecast 2022-2027 ($ million)
Exhibits31: Chart on Cables - Year-over-year growth 2022-2027 (%)
Exhibits32: Data Table on Cables - Year-over-year growth 2022-2027 (%)
Exhibits33: Chart on Transmission lines - Market size and forecast 2022-2027 ($ million)
Exhibits34: Data Table on Transmission lines - Market size and forecast 2022-2027 ($ million)
Exhibits35: Chart on Transmission lines - Year-over-year growth 2022-2027 (%)
Exhibits36: Data Table on Transmission lines - Year-over-year growth 2022-2027 (%)
Exhibits37: Chart on Transformers - Market size and forecast 2022-2027 ($ million)
Exhibits38: Data Table on Transformers - Market size and forecast 2022-2027 ($ million)
Exhibits39: Chart on Transformers - Year-over-year growth 2022-2027 (%)
Exhibits40: Data Table on Transformers - Year-over-year growth 2022-2027 (%)
Exhibits41: Chart on Switchgears - Market size and forecast 2022-2027 ($ million)
Exhibits42: Data Table on Switchgears - Market size and forecast 2022-2027 ($ million)
Exhibits43: Chart on Switchgears - Year-over-year growth 2022-2027 (%)
Exhibits44: Data Table on Switchgears - Year-over-year growth 2022-2027 (%)
Exhibits45: Chart on Boilers and others - Market size and forecast 2022-2027 ($ million)
Exhibits46: Data Table on Boilers and others - Market size and forecast 2022-2027 ($ million)
Exhibits47: Chart on Boilers and others - Year-over-year growth 2022-2027 (%)
Exhibits48: Data Table on Boilers and others - Year-over-year growth 2022-2027 (%)
Exhibits49: Market opportunity by Product ($ million)
Exhibits50: Data Table on Market opportunity by Product ($ million)
Exhibits51: Chart on Application - Market share 2022-2027 (%)
Exhibits52: Data Table on Application - Market share 2022-2027 (%)
Exhibits53: Chart on Comparison by Application
Exhibits54: Data Table on Comparison by Application
Exhibits55: Chart on Transmission and distribution - Market size and forecast 2022-2027 ($ million)
Exhibits56: Data Table on Transmission and distribution - Market size and forecast 2022-2027 ($ million)
Exhibits57: Chart on Transmission and distribution - Year-over-year growth 2022-2027 (%)
Exhibits58: Data Table on Transmission and distribution - Year-over-year growth 2022-2027 (%)
Exhibits59: Chart on Generation - Market size and forecast 2022-2027 ($ million)
Exhibits60: Data Table on Generation - Market size and forecast 2022-2027 ($ million)
Exhibits61: Chart on Generation - Year-over-year growth 2022-2027 (%)
Exhibits62: Data Table on Generation - Year-over-year growth 2022-2027 (%)
Exhibits63: Market opportunity by Application ($ million)
Exhibits64: Data Table on Market opportunity by Application ($ million)
Exhibits65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits66: Impact of drivers and challenges in 2022 and 2027
Exhibits67: Overview on Criticality of inputs and Factors of differentiation
Exhibits68: Overview on factors of disruption
Exhibits69: Impact of key risks on business
Exhibits70: Vendors covered
Exhibits71: Matrix on vendor position and classification
Exhibits72: ABB Ltd. - Overview
Exhibits73: ABB Ltd. - Business segments
Exhibits74: ABB Ltd. - Key news
Exhibits75: ABB Ltd. - Key offerings
Exhibits76: ABB Ltd. - Segment focus
Exhibits77: BGR Energy Systems Ltd. - Overview
Exhibits78: BGR Energy Systems Ltd. - Product / Service
Exhibits79: BGR Energy Systems Ltd. - Key offerings
Exhibits80: Bharat Bijlee Ltd. - Overview
Exhibits81: Bharat Bijlee Ltd. - Business segments
Exhibits82: Bharat Bijlee Ltd. - Key offerings
Exhibits83: Bharat Bijlee Ltd. - Segment focus
Exhibits84: Bharat Heavy Electricals Ltd. - Overview
Exhibits85: Bharat Heavy Electricals Ltd. - Business segments
Exhibits86: Bharat Heavy Electricals Ltd. - Key news
Exhibits87: Bharat Heavy Electricals Ltd. - Key offerings
Exhibits88: Bharat Heavy Electricals Ltd. - Segment focus
Exhibits89: EMCO Ltd. - Overview
Exhibits90: EMCO Ltd. - Product / Service
Exhibits91: EMCO Ltd. - Key offerings
Exhibits92: ETA Elektrotechnische Apparate GmbH - Overview
Exhibits93: ETA Elektrotechnische Apparate GmbH - Product / Service
Exhibits94: ETA Elektrotechnische Apparate GmbH - Key offerings
Exhibits95: Fuji Electric Co. Ltd. - Overview
Exhibits96: Fuji Electric Co. Ltd. - Business segments
Exhibits97: Fuji Electric Co. Ltd. - Key offerings
Exhibits98: Fuji Electric Co. Ltd. - Segment focus
Exhibits99: General Electric Co. - Overview
Exhibits100: General Electric Co. - Business segments
Exhibits101: General Electric Co. - Key news
Exhibits102: General Electric Co. - Key offerings
Exhibits103: General Electric Co. - Segment focus
Exhibits104: Kirloskar Electric Co. Ltd. - Overview
Exhibits105: Kirloskar Electric Co. Ltd. - Business segments
Exhibits106: Kirloskar Electric Co. Ltd. - Key offerings
Exhibits107: Kirloskar Electric Co. Ltd. - Segment focus
Exhibits108: Larsen and Toubro Ltd. - Overview
Exhibits109: Larsen and Toubro Ltd. - Business segments
Exhibits110: Larsen and Toubro Ltd. - Key news
Exhibits111: Larsen and Toubro Ltd. - Key offerings
Exhibits112: Larsen and Toubro Ltd. - Segment focus
Exhibits113: Murugappa Group - Overview
Exhibits114: Murugappa Group - Product / Service
Exhibits115: Murugappa Group - Key offerings
Exhibits116: Schneider Electric SE - Overview
Exhibits117: Schneider Electric SE - Business segments
Exhibits118: Schneider Electric SE - Key news
Exhibits119: Schneider Electric SE - Key offerings
Exhibits120: Schneider Electric SE - Segment focus
Exhibits121: Siemens AG - Overview
Exhibits122: Siemens AG - Business segments
Exhibits123: Siemens AG - Key news
Exhibits124: Siemens AG - Key offerings
Exhibits125: Siemens AG - Segment focus
Exhibits126: TD Power Systems Pvt. Ltd. - Overview
Exhibits127: TD Power Systems Pvt. Ltd. - Business segments
Exhibits128: TD Power Systems Pvt. Ltd. - Key offerings
Exhibits129: TD Power Systems Pvt. Ltd. - Segment focus
Exhibits130: Toshiba Corp. - Overview
Exhibits131: Toshiba Corp. - Business segments
Exhibits132: Toshiba Corp. - Key offerings
Exhibits133: Toshiba Corp. - Segment focus
Exhibits134: Inclusions checklist
Exhibits135: Exclusions checklist
Exhibits136: Currency conversion rates for US$
Exhibits137: Research methodology
Exhibits138: Validation techniques employed for market sizing
Exhibits139: Information sources
Exhibits140: List of abbreviations