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.

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.


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

TechSci 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. TechSci 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 TechSci 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:
    • Circuit Breakers
    • Light Switches
    • Plugs & Sockets
    • Voltage Switcher
    • Cable Management
    • Cable Duct
    • Electrical Conduit
    • Others
  • India Electrical Materials Market, By End User:
    • Industrial
    • Commercial
    • Residential
  • India Electrical Materials Market, By Region:
    • South
    • North
    • West
    • East

Competitive Landscape

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

Available Customizations:

With the given market data, TechSci 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).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Electrical Materials Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Influencing Purchase Decisions

5.3.  Brand Satisfaction Level

5.4.  Current Need Gaps

6.    India Electrical Materials Market Outlook

6.1.  Trade Overview

6.2.  Market Size & Forecast

6.2.1.     By Value & Volume

6.3.  Market Share & Forecast

6.3.1.     By Type (Circuit Breakers, Light Switches, Plugs & Sockets, Voltage Switcher, Cable Management, Cable Duct, Electrical Conduit, Others)

6.3.2.     By End User (Industrial, Commercial, Residential)

6.3.3.     By Region (North, East, West, South)

6.3.4.     By Top 10 States

6.3.5.     By Company (FY2020)

6.4.  Product Market Map

7.    North India Electrical Materials Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By End User

7.3.  Pricing Analysis

8.    South India Electrical Materials Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By End User

8.3.  Pricing Analysis

9.    East India Electrical Materials Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By End User

9.3.  Pricing Analysis

10.  West India Electrical Materials Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By End User

10.3.              Pricing Analysis

11.  Market Dynamics

11.1.  Drivers

11.2.  Challenges

12.  Market Trends & Developments

13.  Policy & Regulatory Landscape

14.  India Economic Profile

15.  Competitive Landscape

15.1.              Anchor Electricals Pvt. Ltd.

15.2.              Legrand India Pvt. Ltd.

15.3.              Havells India Ltd.

15.4.              GM Modular Pvt. Ltd.

15.5.              Honeywell Electrical Devices and Systems India Ltd.

15.6.              Schneider Electric India Pvt. Ltd.

15.7.              Philips Lighting India Limited

15.8.              Wipro Enterprises Private Ltd.

15.9.              ABB India Limited

15.10.            GoldMedal Electricals Pvt. Ltd.

15.11.            Polycab India Limited

16.  Strategic Recommendations

17.  Market Segment Definitions

18.  About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures

    Figure 1:               India Electrical Materials Market Size, By Value, 2015-2026F (USD Million)

    Figure 2:               India Electrical Materials Market Size, By Volume, 2015-2026F (Million Units)

    Figure 3:               India Electrical Materials Market Share, By Type, By Value, 2015-2026F

    Figure 4:               India Electrical Materials Market Share, By End User, By Value, 2015-2026F

    Figure 5:               India Electrical Materials Market Share, By Region, By Value, 2015-2026F

    Figure 6:               India Electrical Materials Market Share, By Top 10 States, By Value, 2020

    Figure 7:               India Electrical Materials Market Share, By Company, By Value, 2020

    Figure 8:               Type Map on the basis of Market Size (USD Million) & Growth Rate (%)

    Figure 9:               End User Map on the basis of Market Size (USD Million) & Growth Rate (%)

    Figure 10:            Region Map on the basis of Market Size (USD Million) & Growth Rate (%)

    Figure 11:            North India Electrical Materials Market Size, By Value, 2015-2026F (USD Million)

    Figure 12:            North India Electrical Materials Market Size, By Volume, 2015-2026F (Million Units)

    Figure 13:            North India Electrical Materials Market Share, By Type, By Value, 2015-2026F

    Figure 14:            North India Electrical Materials Market Share, By End User, By Value, 2015-2026F

    Figure 15:            West India Electrical Materials Market Size, By Value, 2015-2026F (USD Million)

    Figure 16:            West India Electrical Materials Market Size, By Volume, 2015-2026F (Million Units)

    Figure 17:            West India Electrical Materials Market Share, By Type, By Value, 2015-2026F

    Figure 18:            West India Electrical Materials Market Share, By End User, By Value, 2015-2026F

    Figure 19:            South India Electrical Materials Market Size, By Value, 2015-2026F (USD Million)

    Figure 20:            South India Electrical Materials Market Size, By Volume, 2015-2026F (Million Units)

    Figure 21:            South India Electrical Materials Market Share, By Type, By Value, 2015-2026F

    Figure 22:            South India Electrical Materials Market Share, By End User, By Value, 2015-2026F

    Figure 23:            East India Electrical Materials Market Size, By Value, 2015-2026F (USD Million)

    Figure 24:            East India Electrical Materials Market Size, By Volume, 2015-2026F (Million Units)

    Figure 25:            East India Electrical Materials Market Share, By Type, By Value, 2015-2026F

    Figure 26:            East India Electrical Materials Market Share, By End User, By Value, 2015-2026F

     

    List of Tables

    Table 1: Number of Proposed Smart Cities in India, By State (As of January 2020)

    Table 2: Upcoming Hotel Projects in India, By Existing Hotels and Planned Hotels, By Expected Timeline of Execution of Projects, 2020

    Table 3: North India Electrical Materials Market, Pricing Analysis

    Table 4: West India Electrical Materials Market, Pricing Analysis

    Table 5: South India Electrical Materials Market, Pricing Analysis

    Table 6: East India Electrical Materials Market, Pricing Analysis