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India Electrical Materials Market Report 2021: Historical Years FY2015-FY2019 / Base Year FY2020 / Estimated Year FY2021/ Forecast Period FY2022-FY2026

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The Indian 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. ....

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India Electrical Materials Market

India Electrical Materials Market
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