India Electrical Materials Market

 Market Reports on India Provides the Trending Market Research Report “India Electrical Materials Market, By Type (Circuit Breakers, Light Switches, Plugs & Sockets, Voltage Switcher, Cable Management, Cable Duct, Electrical Conduit, Others), By End User (Industrial, Commercial, Residential), By Region, Competition, Forecast & Opportunities, FY2026”under Heavy Industry Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

 

India Electrical Materials Market was valued at USD 5969.13 Million in FY2020 and is projected to grow at double digit CAGR of 17.88% during the forecast years, to reach USD 9714.33 Million through FY2026. Increasing construction activities is the major factor driving the electrical materials market in India. The construction sector is one of the largest contributors to economic activity and is expected to grow at 7-8% per annum over the next 10 years in India. Short-term expansion of India's construction activities will be driven by a mixture of fiscal support and government policies supporting the housing market in the country. Long-term growth will mainly be driven by country's massive population, which requires continued investments into residential building construction sector, which in turn is creating a market opportunity for electrical materials manufacturers in India.

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Apart from increasing use in construction sector, electrical materials are witnessing increasing used in various industries such as power plants, refinery cement industry, steel, mining, among others. The Indian government and various state governments seem to be making rapid progress in boosting the country’s industrial sector. Over the next 10-15 years, industrialization in India is likely to continue its growth momentum, which is expected to create significant opportunities for electrical materials in the industrial sector.

 

India electrical materials market is segmented on the basis of type, end user and region. In terms of type, market can be segregated into circuit breakers, light switches, plugs & sockets, voltage switcher, cable management, cable duct, electrical conduit, and others. Among these, cable management is major demand generating segment with share of 25.25% in FY2020. Cable management includes cable trays, cable ladder, and cable baskets and is needed for the management of all electrical cables during installation, contributing for the leading share of the segment.

Some of the major companies operating in the electrical materials market of India are Anchor Electricals Pvt. Ltd., Legrand India Pvt. Ltd., Havells India Ltd., GM Modular Pvt. Ltd., Honeywell Electrical Devices and Systems India Ltd., Schneider Electric India Pvt. Ltd., Philips Lighting India Limited, Wipro Enterprises Private Ltd., ABB India Limited, GoldMedal Electricals Pvt. Ltd., and Polycab India Limited.

 

Years considered for this report:

Historical Years: FY2015-FY2019

Base Year: FY2020

Estimated Year: FY2021

Forecast Period: FY2022–FY2026

 

Objective of the Study:

• To analyze and estimate the market size of India Electrical Materials market from FY2015 to FY2019.

• To estimate and forecast the market size of India Electrical Materials market from FY2020 to FY2026 and growth rate until FY2026.

• To classify and forecast India Electrical Materials market based on type, end user, region and company.

• To identify dominant region or segment in the India Electrical Materials market.

• To identify drivers and challenges for India Electrical Materials market.

• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India Electrical Materials market.

• To conduct pricing analysis for India Electrical Materials market.

• To identify and analyze the profile of leading players operating in India Electrical Materials market.

• To identify key sustainable strategies adopted by market players in India Electrical Materials market.

 

Our Research performed both primary as well as exhaustive secondary research for this study. Initially, Our Research sourced a list of manufacturers across the country. Subsequently, Our Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Our Research could include the manufacturers which could not be identified due to the limitations of secondary research. Our Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

Our Research calculated the market size of India Electrical Materials market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. Our Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Our Research.

Key Target Audience:

• Manufacturers and end users

• Market research and consulting firms

• Government bodies such as regulating authorities and policy makers

• Organizations, forums, and alliances related to Electrical Materials

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India Electrical Materials market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• India Electrical Materials Market, By Type:

o Circuit Breakers

o Light Switches

o Plugs & Sockets

o Voltage Switcher

o Cable Management

o Cable Duct

o Electrical Conduit

o Others

• India Electrical Materials Market, By End User:

o Industrial

o Commercial

o Residential

• India Electrical Materials Market, By Region:

o South

o North

o West

o East

 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Electrical Materials market.

Available Customizations:

With the given market data, Our Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

 

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