Electrical Equipment Market in India 2024-2028

PUBLISHED: October 10, 2024

PAGES: 146 Pages

DELIVERY TIME: 1-2 business days

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The electrical equipment market in india is forecasted to grow by USD 76.24 bn during 2023-2028, accelerating at a CAGR of 14.3% 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.

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

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	12.2%
CAGR	14.3%
Incremental Value	$76.24 bn

By Product

Cables
Transmission lines
Transformers
Switchgears
Others

By Application

Transmission and distribution
Generation

By Geographical Landscape

APAC

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, 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 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 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 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.

Product Code: IRTNTR41598

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ billion)
- Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Chart on India: Year-over-year growth 2023-2028 (%)
- Data Table on India: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Electrical Equipment Market in India 2018 - 2022
- Historic Market Size - Data Table on Electrical Equipment Market in India 2018 - 2022 ($ billion)
4.2 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
6.3 Cables - Market size and forecast 2023-2028
- Chart on Cables - Market size and forecast 2023-2028 ($ billion)
- Data Table on Cables - Market size and forecast 2023-2028 ($ billion)
- Chart on Cables - Year-over-year growth 2023-2028 (%)
- Data Table on Cables - Year-over-year growth 2023-2028 (%)
6.4 Transmission lines - Market size and forecast 2023-2028
- Chart on Transmission lines - Market size and forecast 2023-2028 ($ billion)
- Data Table on Transmission lines - Market size and forecast 2023-2028 ($ billion)
- Chart on Transmission lines - Year-over-year growth 2023-2028 (%)
- Data Table on Transmission lines - Year-over-year growth 2023-2028 (%)
6.5 Transformers - Market size and forecast 2023-2028
- Chart on Transformers - Market size and forecast 2023-2028 ($ billion)
- Data Table on Transformers - Market size and forecast 2023-2028 ($ billion)
- Chart on Transformers - Year-over-year growth 2023-2028 (%)
- Data Table on Transformers - Year-over-year growth 2023-2028 (%)
6.6 Switchgears - Market size and forecast 2023-2028
- Chart on Switchgears - Market size and forecast 2023-2028 ($ billion)
- Data Table on Switchgears - Market size and forecast 2023-2028 ($ billion)
- Chart on Switchgears - Year-over-year growth 2023-2028 (%)
- Data Table on Switchgears - Year-over-year growth 2023-2028 (%)
6.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Application

7.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
7.3 Transmission and distribution - Market size and forecast 2023-2028
- Chart on Transmission and distribution - Market size and forecast 2023-2028 ($ billion)
- Data Table on Transmission and distribution - Market size and forecast 2023-2028 ($ billion)
- Chart on Transmission and distribution - Year-over-year growth 2023-2028 (%)
- Data Table on Transmission and distribution - Year-over-year growth 2023-2028 (%)
7.4 Generation - Market size and forecast 2023-2028
- Chart on Generation - Market size and forecast 2023-2028 ($ billion)
- Data Table on Generation - Market size and forecast 2023-2028 ($ billion)
- Chart on Generation - Year-over-year growth 2023-2028 (%)
- Data Table on Generation - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

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

9 Drivers, Challenges, and Opportunity/Restraints

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints

10 Competitive Landscape

10.1 Overview
10.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
- Overview on factors of disruption
10.4 Industry risks
- Impact of key risks on business

11 Competitive Analysis

11.1 Companies profiled
- Companies covered
11.2 Market positioning of companies
- Matrix on companies position and classification
11.3 ABB
- ABB - Overview
- ABB - Business segments
- ABB - Key news
- ABB - Key offerings
- ABB - Segment focus
11.4 BGR Energy Systems Ltd.
- BGR Energy Systems Ltd. - Overview
- BGR Energy Systems Ltd. - Product / Service
- BGR Energy Systems Ltd. - Key offerings
11.5 Bharat Bijlee Ltd
- Bharat Bijlee Ltd - Overview
- Bharat Bijlee Ltd - Product / Service
- Bharat Bijlee Ltd - Key offerings
11.6 Bharat Heavy Electricals Ltd.
- Bharat Heavy Electricals Ltd. - Overview
- Bharat Heavy Electricals Ltd. - Business segments
- Bharat Heavy Electricals Ltd. - Key news
- Bharat Heavy Electricals Ltd. - Key offerings
- Bharat Heavy Electricals Ltd. - Segment focus
11.7 EMCO Ltd.
- EMCO Ltd. - Overview
- EMCO Ltd. - Product / Service
- EMCO Ltd. - Key offerings
11.8 ETA Elektrotechnische Apparate GmbH
- ETA Elektrotechnische Apparate GmbH - Overview
- ETA Elektrotechnische Apparate GmbH - Product / Service
- ETA Elektrotechnische Apparate GmbH - Key offerings
11.9 Fuji Electric Co. Ltd.
- Fuji Electric Co. Ltd. - Overview
- Fuji Electric Co. Ltd. - Business segments
- Fuji Electric Co. Ltd. - Key news
- Fuji Electric Co. Ltd. - Key offerings
- Fuji Electric Co. Ltd. - Segment focus
11.10 General Electric Co.
- General Electric Co. - Overview
- General Electric Co. - Business segments
- General Electric Co. - Key news
- General Electric Co. - Key offerings
- General Electric Co. - Segment focus
11.11 Kirloskar Electric Co. Ltd.
- Kirloskar Electric Co. Ltd. - Overview
- Kirloskar Electric Co. Ltd. - Business segments
- Kirloskar Electric Co. Ltd. - Key offerings
- Kirloskar Electric Co. Ltd. - Segment focus
11.12 Larsen and Toubro Ltd.
- Larsen and Toubro Ltd. - Overview
- Larsen and Toubro Ltd. - Business segments
- Larsen and Toubro Ltd. - Key news
- Larsen and Toubro Ltd. - Key offerings
- Larsen and Toubro Ltd. - Segment focus
11.13 Murugappa Group
- Murugappa Group - Overview
- Murugappa Group - Product / Service
- Murugappa Group - Key offerings
11.14 Schneider Electric SE
- Schneider Electric SE - Overview
- Schneider Electric SE - Business segments
- Schneider Electric SE - Key news
- Schneider Electric SE - Key offerings
- Schneider Electric SE - Segment focus
11.15 Siemens AG
- Siemens AG - Overview
- Siemens AG - Business segments
- Siemens AG - Key news
- Siemens AG - Key offerings
- Siemens AG - Segment focus
11.16 TD Power Systems Pvt. Ltd.
- TD Power Systems Pvt. Ltd. - Overview
- TD Power Systems Pvt. Ltd. - Business segments
- TD Power Systems Pvt. Ltd. - Key offerings
- TD Power Systems Pvt. Ltd. - Segment focus
11.17 Toshiba Corp.
- Toshiba Corp. - Overview
- Toshiba Corp. - Business segments
- Toshiba Corp. - Key news
- Toshiba Corp. - Key offerings
- Toshiba Corp. - Segment focus

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
12.3 Currency conversion rates for US$
- Currency conversion rates for US$
12.4 Research methodology
- Research methodology
12.5 Data procurement
- Information sources
12.6 Data validation
- Data validation
12.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
12.8 Data synthesis
- Data synthesis
12.9 360 degree market analysis
- 360 degree market analysis
12.10 List of abbreviations
- 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 Company Market Positioning
Exhibits7: Parent Market
Exhibits8: Data Table on - Parent Market
Exhibits9: Market characteristics analysis
Exhibits10: Value Chain Analysis
Exhibits11: Offerings of companies included in the market definition
Exhibits12: Market segments
Exhibits13: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibits14: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibits15: Chart on India: Year-over-year growth 2023-2028 (%)
Exhibits16: Data Table on India: Year-over-year growth 2023-2028 (%)
Exhibits17: Historic Market Size - Data Table on Electrical Equipment Market in India 2018 - 2022 ($ billion)
Exhibits18: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
Exhibits19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
Exhibits20: Five forces analysis - Comparison between 2023 and 2028
Exhibits21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits26: Chart on Market condition - Five forces 2023 and 2028
Exhibits27: Chart on Product - Market share 2023-2028 (%)
Exhibits28: Data Table on Product - Market share 2023-2028 (%)
Exhibits29: Chart on Comparison by Product
Exhibits30: Data Table on Comparison by Product
Exhibits31: Chart on Cables - Market size and forecast 2023-2028 ($ billion)
Exhibits32: Data Table on Cables - Market size and forecast 2023-2028 ($ billion)
Exhibits33: Chart on Cables - Year-over-year growth 2023-2028 (%)
Exhibits34: Data Table on Cables - Year-over-year growth 2023-2028 (%)
Exhibits35: Chart on Transmission lines - Market size and forecast 2023-2028 ($ billion)
Exhibits36: Data Table on Transmission lines - Market size and forecast 2023-2028 ($ billion)
Exhibits37: Chart on Transmission lines - Year-over-year growth 2023-2028 (%)
Exhibits38: Data Table on Transmission lines - Year-over-year growth 2023-2028 (%)
Exhibits39: Chart on Transformers - Market size and forecast 2023-2028 ($ billion)
Exhibits40: Data Table on Transformers - Market size and forecast 2023-2028 ($ billion)
Exhibits41: Chart on Transformers - Year-over-year growth 2023-2028 (%)
Exhibits42: Data Table on Transformers - Year-over-year growth 2023-2028 (%)
Exhibits43: Chart on Switchgears - Market size and forecast 2023-2028 ($ billion)
Exhibits44: Data Table on Switchgears - Market size and forecast 2023-2028 ($ billion)
Exhibits45: Chart on Switchgears - Year-over-year growth 2023-2028 (%)
Exhibits46: Data Table on Switchgears - Year-over-year growth 2023-2028 (%)
Exhibits47: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits48: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits49: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits50: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits51: Market opportunity by Product ($ billion)
Exhibits52: Data Table on Market opportunity by Product ($ billion)
Exhibits53: Chart on Application - Market share 2023-2028 (%)
Exhibits54: Data Table on Application - Market share 2023-2028 (%)
Exhibits55: Chart on Comparison by Application
Exhibits56: Data Table on Comparison by Application
Exhibits57: Chart on Transmission and distribution - Market size and forecast 2023-2028 ($ billion)
Exhibits58: Data Table on Transmission and distribution - Market size and forecast 2023-2028 ($ billion)
Exhibits59: Chart on Transmission and distribution - Year-over-year growth 2023-2028 (%)
Exhibits60: Data Table on Transmission and distribution - Year-over-year growth 2023-2028 (%)
Exhibits61: Chart on Generation - Market size and forecast 2023-2028 ($ billion)
Exhibits62: Data Table on Generation - Market size and forecast 2023-2028 ($ billion)
Exhibits63: Chart on Generation - Year-over-year growth 2023-2028 (%)
Exhibits64: Data Table on Generation - Year-over-year growth 2023-2028 (%)
Exhibits65: Market opportunity by Application ($ billion)
Exhibits66: Data Table on Market opportunity by Application ($ billion)
Exhibits67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits68: Impact of drivers and challenges in 2023 and 2028
Exhibits69: Overview on criticality of inputs and factors of differentiation
Exhibits70: Overview on factors of disruption
Exhibits71: Impact of key risks on business
Exhibits72: Companies covered
Exhibits73: Matrix on companies position and classification
Exhibits74: ABB - Overview
Exhibits75: ABB - Business segments
Exhibits76: ABB - Key news
Exhibits77: ABB - Key offerings
Exhibits78: ABB - Segment focus
Exhibits79: BGR Energy Systems Ltd. - Overview
Exhibits80: BGR Energy Systems Ltd. - Product / Service
Exhibits81: BGR Energy Systems Ltd. - Key offerings
Exhibits82: Bharat Bijlee Ltd - Overview
Exhibits83: Bharat Bijlee Ltd - Product / Service
Exhibits84: Bharat Bijlee Ltd - Key offerings
Exhibits85: Bharat Heavy Electricals Ltd. - Overview
Exhibits86: Bharat Heavy Electricals Ltd. - Business segments
Exhibits87: Bharat Heavy Electricals Ltd. - Key news
Exhibits88: Bharat Heavy Electricals Ltd. - Key offerings
Exhibits89: Bharat Heavy Electricals Ltd. - Segment focus
Exhibits90: EMCO Ltd. - Overview
Exhibits91: EMCO Ltd. - Product / Service
Exhibits92: EMCO Ltd. - Key offerings
Exhibits93: ETA Elektrotechnische Apparate GmbH - Overview
Exhibits94: ETA Elektrotechnische Apparate GmbH - Product / Service
Exhibits95: ETA Elektrotechnische Apparate GmbH - Key offerings
Exhibits96: Fuji Electric Co. Ltd. - Overview
Exhibits97: Fuji Electric Co. Ltd. - Business segments
Exhibits98: Fuji Electric Co. Ltd. - Key news
Exhibits99: Fuji Electric Co. Ltd. - Key offerings
Exhibits100: Fuji Electric Co. Ltd. - Segment focus
Exhibits101: General Electric Co. - Overview
Exhibits102: General Electric Co. - Business segments
Exhibits103: General Electric Co. - Key news
Exhibits104: General Electric Co. - Key offerings
Exhibits105: General Electric Co. - Segment focus
Exhibits106: Kirloskar Electric Co. Ltd. - Overview
Exhibits107: Kirloskar Electric Co. Ltd. - Business segments
Exhibits108: Kirloskar Electric Co. Ltd. - Key offerings
Exhibits109: Kirloskar Electric Co. Ltd. - Segment focus
Exhibits110: Larsen and Toubro Ltd. - Overview
Exhibits111: Larsen and Toubro Ltd. - Business segments
Exhibits112: Larsen and Toubro Ltd. - Key news
Exhibits113: Larsen and Toubro Ltd. - Key offerings
Exhibits114: Larsen and Toubro Ltd. - Segment focus
Exhibits115: Murugappa Group - Overview
Exhibits116: Murugappa Group - Product / Service
Exhibits117: Murugappa Group - Key offerings
Exhibits118: Schneider Electric SE - Overview
Exhibits119: Schneider Electric SE - Business segments
Exhibits120: Schneider Electric SE - Key news
Exhibits121: Schneider Electric SE - Key offerings
Exhibits122: Schneider Electric SE - Segment focus
Exhibits123: Siemens AG - Overview
Exhibits124: Siemens AG - Business segments
Exhibits125: Siemens AG - Key news
Exhibits126: Siemens AG - Key offerings
Exhibits127: Siemens AG - Segment focus
Exhibits128: TD Power Systems Pvt. Ltd. - Overview
Exhibits129: TD Power Systems Pvt. Ltd. - Business segments
Exhibits130: TD Power Systems Pvt. Ltd. - Key offerings
Exhibits131: TD Power Systems Pvt. Ltd. - Segment focus
Exhibits132: Toshiba Corp. - Overview
Exhibits133: Toshiba Corp. - Business segments
Exhibits134: Toshiba Corp. - Key news
Exhibits135: Toshiba Corp. - Key offerings
Exhibits136: Toshiba Corp. - Segment focus
Exhibits137: Inclusions checklist
Exhibits138: Exclusions checklist
Exhibits139: Currency conversion rates for US$
Exhibits140: Research methodology
Exhibits141: Information sources
Exhibits142: Data validation
Exhibits143: Validation techniques employed for market sizing
Exhibits144: Data synthesis
Exhibits145: 360 degree market analysis
Exhibits146: List of abbreviations