The electrical equipment market in India will attend a negative impact during the forecast period due to the widespread growth of the COVID-19 pandemic. According to Technavio’s market research focused on pandemic, the market growth increase in 2020 compared to 2019.
With the continued spread of the novel coronavirus pandemic, organizations around the world are gradually flattening their recession curves by taking advantage of technology. Many businesses will go through phases of response, recovery and renewal. Building business resilience and agility will help organizations move forward from the COVID-19 crisis to the next normal.
This post-pandemic business planning research will help customers:
- Adjust their strategic planning to move forward once the stability of the business is in place.
- Build resilience by make efficient resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the post-pandemic planning structure
Key considerations for market forecast:
- Impact of bottlenecks, supply chain disruptions, destruction of demand and changing customer behavior
- Optimistic, probable and pessimistic scenarios for all markets as the impact of the pandemic unfolds
- Market estimates before and after COVID-19
- Quarterly impact analysis and update of market estimates
The related report on industrial products includes:
Global Electrical Explosion Proof Equipment Market – The global explosion-proof electrical equipment market is segmented by type (enclosures, encapsulations, and conduit and cable sales) and geography (North America, APAC, Europe, South America, and MEA). Get an exclusive free sample report
Global Electric Discharge Machines Market – The global electric discharge machine market is segmented by end user (machine shop, aerospace and defense, medical, automotive, and others) and geography (APAC, North America, Europe, South America, and MEA). Get an exclusive free sample report
Market for the three main electrical equipment in India Participants:
ABB Ltd. operates through segments such as electrification products, robotics and motion and industrial automation. The company offers electrical equipment such as power transformers, dry type transformers, reactors and inductors, and distribution transformers, among others.
Bharat Heavy Electricals Ltd.
Bharat Heavy Electricals Ltd. operates in segments such as power and industry. The company offers electrical equipment such as switchgear.
CG Power and Solutions Industrielles Ltée.
CG Power and Industrial Solutions Ltd. operates through segments such as electrical systems and industrial systems. The company offers electrical equipment such as isolated switchgear, distribution transformers, instrument transformers and DC motors, among others.
If you purchase an updated report within the next 60 days, we’ll send you the new edition and the data extract for FREE! Get an overview of the report here to get a detailed analysis of the market share of market players during the COVID-19 lockdown: https://www.technavio.com/report/electrical-equipment-market-in-india-industry-analysis
Electrical equipment market in India 2020-2024: Segmentation
Electrical equipment market in India is segmented as below:
- Transmission and distribution
- Transmission lines
The electrical equipment market in India is driven by an increase in the number of commercial construction projects. In addition, other factors such as the growth of cross-border electricity trade are expected to trigger the electrical equipment market in India towards a CAGR of over 16% during the forecast period.
Get more insight into the global trends impacting the future of the electrical equipment market in India, request a free sample @ https://www.technavio.com/talk-to-us?report=IRTNTR41598
- Covered suppliers
- Supplier ranking
- Positioning of sellers in the market
- Competitive scenario
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