India Electromechanical Components Market Research Report by Component, by Sales Channel, and by End Use Vertical Forecast till 2030

Description

List of Tables

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 Retailers, Aftermarket), and by End Use Vertical (Automotive, Telecommunication, Aerospace & Aviation, Industrial Automation & Control System, Energy & Power generation, Consumer Electronics, Medical Devices, Railway & Transportation, Military & Defense, Others) Forecast till 2030

Industry Overview

The market is anticipated to be valued at USD 501.3 million, expanding at a robust 19.8% CAGR over the forecast period. Electromechanical components are devices that integrate electrical energy with mechanical action to achieve a desired task. Examples include switches, relays, motors, and actuators, all of which play a key role in connecting electronic circuits with mechanical systems.

The growth of India's industrial sector has created strong momentum for the electromechanical components market. Favorable measures such as reduced borrowing costs, export incentives, and initiatives like SAMARTH and Make in India 2.0 are strengthening the nation's manufacturing ecosystem. The electromechanical components are going to be used all across the industries for material handling, packaging, CNC machines, and industrial pumps. Apart from this, the trend of EV charging infrastructure, which requires advanced motors and power electronics, is becoming the reason for the high demand, making India a strategic market for these components.

Major Company Development

The journey of L&T Electrical & Automation (E&A) reflects strategic realignment and global integration. In August 2020, Larsen & Toubro divested its E&A business to Schneider Electric for ₹14,000 crore, marking one of India's largest industrial transactions in energy and automation. This acquisition positioned Schneider to consolidate its leadership across India's rapidly evolving electrical market. By September 2021, L&T E&A, under the umbrella of Schneider, had written off a dual-brand and dual-sales strategy to enhance market presence and customer reach. This is the operational journey of synergy, innovation, and raising India's position in the global system of Schneider Electric's automation and energy management framework.

Key Players

Major 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

Industry Segmentations

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%.

Product Code: MRFR/SEM/19800-CR

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