India: Reportbuyer.com has added a new market research report Electrical Equipment Market in India 2014-2018.
TechNavio forecasts the Electrical Equipment market in India to grow at a CAGR of 13.38 % over the period 2013-2018. According to the report, the growth of power industry is contributing to this market growth. The Electrical Equipment (incl. power transformers) market in India has also seen technology upgrade but the lack of adequate testing facilities of electric equipment could pose a challenge to the growth of this market.
The report covers India and the market growth prospects in the coming years, reports PR Newswire. The report also mentions key vendors operating in this market: ABB, Bharat Heavy Electricals, Crompton Greaves and Siemens AG. Other vendors mentioned in the report are ALSTOM India, EMCO, Havells India, and Techno Electric & Engineering Co..
Research methodology is based on in-depth interviews with industry experts, vendors, resellers and customers, and Technavio industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
Source: PR Newswire