COVID-19 Impacts: Electrical Equipment Market in India Will Accelerate at a CAGR of Over 16% Through 2020-2024 | Increase in Number of Commercial Building Projects to Boost Growth | Technavio
Technavio has been monitoring the electrical equipment market in India and it is poised to grow by USD 70.69 bn during 2020-2024, progressing at a CAGR of 16% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Electrical Equipment Market in India 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., EMCO Ltd., Fuji Electric Co. Ltd., Larsen and Toubro Ltd., Schneider Electric SE, Siemens AG, TD Power Systems Pvt. Ltd., and Toshiba (News - Alert) Energy Systems & Solutions Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
An increase in the number of commercial building projects has been instrumental in driving the growth of the market.
Electrical Equipment Market in India 2020-2024 : Segmentation
Electrical Equipment Market in India is segmented as below:
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Electrical Equipmnt Market in India 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our electrical equipment market in India report covers the following areas:
This study identifies growth in cross-border electricity trading as one of the prime reasons driving the electrical equipment market growth in India during the next few years.
Electrical Equipment Market in India 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the electrical equipment market in India, including some of the vendors such as ABB Ltd., Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., EMCO Ltd., Fuji Electric Co. Ltd., Larsen and Toubro Ltd., Schneider Electric (News - Alert) SE, Siemens AG, TD Power Systems Pvt. Ltd., and Toshiba Energy Systems & Solutions Corp. Backed with competitive intelligence and benchmarking, our research reports on the electrical equipment market in India are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Electrical Equipment Market in India 2020-2024 : Key Highlights
Table Of Contents :
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Drivers, Challenges, and Trends
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