Research and Markets: Indian Light Electrical Equipment Industry: Trends & Opportunities (2015-2019)
June 16, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/95gp32/indian_light) has announced the addition of the “Indian Light Electrical Equipment Industry: Trends & Opportunities (2015-2019)” report to their offering.
The Electric Equipment Industry of India is one of the major industries which utilize electricity. This industry is further divided into light and heavy Electricals Industry depending upon the products produced. The Light Electricals Industry produces electrical equipments like electrical fans, electrical pumps, stabilizers, housing wires, cables, electric water heaters and electrical lamps. The Light Electricals Industry basically produces various white goods, which involves all the electrical equipments used as electrical appliances. The Light Electricals Industry is highly fragmented with various local players operating and selling lower quality goods but the demand is now shifting towards branded goods.
The Indian Light Electricals Industry is expected to grow exponentially in the future due to various growth drivers. With the increased income, people try to make their life more convenient with the use of electrical appliances at their homes and offices. Air conditioners and water heaters have become a necessity these days. Moreover, the use of electrical appliances is an urban phenomenon and with the increase of urban population, the demand for electrical appliances is also increasing. The most important requirement for the working of these electrical equipments is the production of power and electricity and the production of electricity has been increasing over the years. The growth in number of houses is another factor pushing the demand for light electrical equipments in India.
Companies Mentioned:
– Bajaj Electricals
– Crompton Greaves
– Havells
– Philips India Limited
– V Guard Industries
For more information visit http://www.researchandmarkets.com/research/95gp32/indian_light
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