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Indian Power Equipment Sector - Apac's Upcoming Investment Hub

  • Date Submitted: 02/17/2016 12:10 AM
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Market reports on India presents the latest report on “Indian Power Equipment Sector - APAC's Upcoming Investment Hub ” http://www.marketreportsonindia.com/industry-mfg-market-research-reports-13648/indian-power-equipment-sector.html This report captures the scenario of the power equipment industry across the globe with special focus on India and their effect on the demand for electrical equipment.

17th Feb 2016, – Navi Mumbai, India: Market reports on India presents the latest report on “Indian Power Equipment Sector - APAC's Upcoming Investment Hub”. The report outlines the overall power equipment sector, and identifies and assesses the best performing vendors in the market.

Summary

The global power equipment market has been growing steadily over the last five years with recent growth in the developing countries like China, and India due to their strong economic progress lately. The industry is capital intensive and promises a better future with new evolving research methodologies. The global power industry stood at US$ 342.0 billion in 2014 with an estimate to reach US$ 457.0 billion by 2019. This report captures the scenario of the power equipment industry across the globe with special focus on India and their effect on the demand for electrical equipment. Power equipment manufacturers in India as well as internationally can tap the pool of opportunities in the Indian power market which boasts of great potential in the coming decade.

Key Findings

• National Manufacturing Competitiveness Council (NMCC) estimates, India's manufacturing sector will contribute 25% to the country's GDP by 2025, in which electrical equipment will occupy a major pie.

• 100% FDI allowance in the electric machinery sector will also boost investments from the country and abroad, thereby increasing industry revenue in the years to come. Also research and development activities will strengthen the electric machinery sector enabling India to evolve as a key manufacturing...

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