Electrical equipment sector in India expects 12% growth annually

22 Sep 2021 CW Team

The electrical equipment market is anticipated to grow at an annual rate of 12% to reach $72 billion by 2025.

Indian Electrical and Electronics Manufacturers’ Association (IEEMA) president Anil Saboo said that at present, the total value of India’s electrical equipment market stands in the range of $48-50 billion.

The market is at $48-50 billion, and shall increase at a compound annual growth rate (CAGR) of 11-12%. So, by 2025 it shall be nearly USD 72 billion, he told the media.

At present, the value of the exports from India will increase to $13 billion, from $8.62 billion, he said, adding the world now sees India as an option to China.

The local electrical equipment industry will play a significant role in meeting India’s renewable energy targets and the overall carbon reduction objectives under the Paris agreement, Mr. Saboo said.

India has set a target of having 175 GW renewable energy capacity by 2022, 450 GW by 2030.

He said that the increasing renewable energy capacity would require new age equipment, and local players see towards meeting the requirement locally.

The industry can perform an important role in satisfying these targets, with the grown equipment manufacturing, he added.

The IEEMA President said that the industry requests the government to promote the electrical equipment manufacturers sector to reach energy efficiency and climate change targets by presenting vital incentives for exports as well as funds for research and development in the sector.

He said that the industry is bullish, and it will earn an $18 billion investment per year to reach the 450 GW of renewable energy target by 2030.

Image Source

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..