TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 10
2 MARKET INTRODUCTION 12
2.1 DEFINITION 12
2.2 SCOPE OF THE STUDY 12
2.3 RESEARCH OBJECTIVE 12
2.4 MARKET STRUCTURE 13
3 RESEARCH METHODOLOGY 14
4 MARKET DYNAMICS 21
4.1 INTRODUCTION 21
4.2 DRIVERS 23
4.2.1 EXPANDING INDUSTRIAL SECTOR DEMAND FOR ELECTROMECHANICAL COMPONENT 23
4.2.2 INCREASING DEMAND FOR CONSUMER ELECTRONICS 23
4.2.3 THE INDIAN GOVERNMENT'S IMPLEMENTATION OF VARIOUS INITIATIVES TO PROMOTE DOMESTIC MANUFACTURING, SUCH AS THE "MAKE IN INDIA" CAMPAIGN 24
4.2.4 INCREASING DEMAND FOR AUTOMOTIVE INDUSTRY 25
4.2.5 DRIVERS IMPACT ANALYSIS 25
4.3 RESTRAINTS 26
4.3.1 CUSTOMERS PRIORITIZING AFFORDABILITY OVER ADVANCED FEATURES OR HIGH-QUALITY COMPONENTS 26
4.3.2 COMPETITION FROM LOW-COST IMPORTS 26
4.3.3 LIMITED SKILLED WORKFORCE 27
4.3.4 RESTRAINTS IMPACT ANALYSIS 27
4.4 OPPORTUNITY 28
4.4.1 EXPANSION OF CHARGING SYSTEM FOR EV MARKET 28
4.4.2 SMART CITIES AND IOT IMPLEMENTATION 28
4.4.3 GROWING INTERNET CONNECTIVITY AND DATA CENTER 29
4.5 CHALLENGE 29
4.5.1 QUALITY AND COUNTERFEIT CONCERNS 29
4.6 IMPACT OF COVID-19 30
4.6.1 IMPACT ON SEMICONDUCTOR MANUFACTURERS 30
4.6.2 IMPACT ON COMPONENT MANUFACTURERS 30
4.6.3 IMPACT ON DEVICE MANUFACTURERS 30
4.6.4 COVID-19 IMPACT ON SUPPLY CHAIN DELAY IN INDIA 31
5 MARKET FACTOR ANALYSIS 32
5.1 VALUE CHAIN ANALYSIS 32
5.1.1 RESEARCH AND DEVELOPMENT: 32
5.1.2 RAW MATERIAL SUPPLIERS: 32
5.1.3 COMPONENTS MANUFACTURERS: 33
5.1.4 DISTRIBUTORS AND SALES: 33
5.1.5 INSTALLATION AND INTEGRATION: 33
5.1.6 END USERS 33
5.2 PORTER’S FIVE FORCES MODEL 34
5.2.1 THREAT OF NEW ENTRANTS 34
5.2.2 BARGAINING POWER OF SUPPLIERS 35
5.2.3 THREAT OF SUBSTITUTES 35
5.2.4 BARGAINING POWER OF BUYERS 35
5.2.5 INTENSITY OF RIVALRY 35
6 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY COMPONENT 36
6.1 OVERVIEW 36
6.1.1 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY COMPONENT, 2018–2030 (USD MILLION) 37
6.1 FUSE 37
6.1.1 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY FUSE, 2019–2030 (USD MILLION) 37
6.1.2 MIDI FUSES 37
6.1.3 MEGA FUSES 38
6.2 CONNECTORS 38
6.2.1 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY CONNECTORS, 2019–2030 (USD MILLION) 38
6.2.2 PIN HEADER CONNECTOR 39
6.2.3 USB C CONNECTOR 39
6.2.4 TERMINAL FOR CONNECTOR 39
6.2.5 FEEDER CONNECTORS 39
7 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY SALES CHANNEL 40
7.1 OVERVIEW 40
7.1.1 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY SALES CHANNEL, 2018–2030 (USD MILLION) 41
7.2 OEM 41
7.3 MANUFACTURER DIRECT SALES 41
7.4 ONLINE RETAILERS 42
7.5 AFTERMARKET 42
8 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY END USE VERTICAL 43
8.1 OVERVIEW 43
8.1.1 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY END USE VERTICAL, 2019–2030 (USD MILLION) 44
8.2 AUTOMOTIVE 45
8.3 TELECOMMUNICATION 45
8.4 AEROSPACE & AVIATION 45
8.5 INDUSTRIAL AUTOMATION & CONTROL SYSTEM 46
8.6 ENERGY & POWER GENERATION 46
8.7 CONSUMER ELECTRONICS 46
8.8 MEDICAL DEVICES 47
8.9 RAILWAY & TRANSPORTATION 47
8.10 MILITARY & DEFENSE 47
8.11 OTHERS 47
9 COMPETITIVE LANDSCAPE 48
9.1 COMPETITIVE BENCHMARKING 49
9.2 VENDOR SHARE ANALYSIS 50
9.3 RECENT DEVELOPMENTS 50
9.3.1 COLLABORATION/ PARTNERSHIP/AGREEMENTS/CONTRACT 50
9.3.2 PRODUCT LAUNCH 50
9.3.3 MERGERS, ACQUISITIONS, AND DIVESTMENTS 52
10 COMPANY PROFILES 53
10.1 L&T ELECTRICAL & AUTOMATION 53
10.1.1 COMPANY OVERVIEW 53
10.1.2 FINANCIAL OVERVIEW 54
10.1.3 PRODUCTS/SOLUTIONS OFFERED 54
10.1.4 KEY DEVELOPMENTS 55
10.1.5 SWOT ANALYSIS 56
10.1.6 KEY STRATEGIES 56
10.2 SCHNEIDER ELECTRIC 57
10.2.1 COMPANY OVERVIEW 57
10.2.2 FINANCIAL OVERVIEW 58
10.2.3 PRODUCTS/SOLUTIONS OFFERED 59
10.2.4 KEY DEVELOPMENTS 59
10.2.5 SWOT ANALYSIS 60
10.2.6 KEY STRATEGIES 60
10.3 HAVELLS INDIA LTD 61
10.3.1 COMPANY OVERVIEW 61
10.3.2 FINANCIAL OVERVIEW 61
10.3.3 PRODUCTS/SOLUTIONS OFFERED 62
10.3.4 KEY DEVELOPMENTS 62
10.3.5 SWOT ANALYSIS 63
10.3.6 KEY STRATEGIES 63
10.4 LEGRAND INDIA 64
10.4.1 COMPANY OVERVIEW 64
10.4.2 FINANCIAL OVERVIEW 65
10.4.3 PRODUCTS/SOLUTIONS OFFERED 66
10.4.4 KEY DEVELOPMENTS 66
10.4.5 SWOT ANALYSIS 67
10.4.6 KEY STRATEGIES 67
10.5 TE CONNECTIVITY 68
10.5.1 COMPANY OVERVIEW 68
10.5.2 FINANCIAL OVERVIEW 69
10.5.3 PRODUCTS/SOLUTIONS OFFERED 70
10.5.4 KEY DEVELOPMENTS 70
10.5.5 SWOT ANALYSIS 71
10.5.6 KEY STRATEGIES 71
10.6 PHOENIX CONTACT 72
10.6.1 COMPANY OVERVIEW 72
10.6.2 FINANCIAL OVERVIEW 73
10.6.3 PRODUCTS/SOLUTIONS OFFERED 73
10.6.4 KEY DEVELOPMENTS 75
10.6.5 SWOT ANALYSIS 76
10.6.6 KEY STRATEGIES 76
10.7 ABB INDIA LTD 77
10.7.1 COMPANY OVERVIEW 77
10.7.2 FINANCIAL OVERVIEW 78
10.7.3 PRODUCTS/SOLUTIONS OFFERED 78
10.7.4 KEY DEVELOPMENTS 79
10.7.5 SWOT ANALYSIS 80
10.7.6 KEY STRATEGIES 80
10.8 SIEMENS 81
10.8.1 COMPANY OVERVIEW 81
10.8.2 FINANCIAL OVERVIEW 81
10.8.3 PRODUCTS/SOLUTIONS OFFERED 82
10.8.4 KEY DEVELOPMENTS 82
10.8.5 SWOT ANALYSIS 83
10.8.6 KEY STRATEGIES 83
10.9 EATON 84
10.9.1 COMPANY OVERVIEW 84
10.9.2 FINANCIAL OVERVIEW 85
10.9.3 PRODUCTS/SOLUTIONS OFFERED 85
10.9.4 KEY DEVELOPMENTS 87
10.9.5 SWOT ANALYSIS 87
10.9.6 KEY STRATEGIES 88
10.10 MOLEX LLC 89
10.10.1 COMPANY OVERVIEW 89
10.10.2 FINANCIAL OVERVIEW 89
10.10.3 PRODUCTS/SOLUTIONS OFFERED 89
10.10.4 KEY DEVELOPMENTS 90
10.10.5 SWOT ANALYSIS 91
10.10.6 KEY STRATEGIES 91
10.11 C&S ELECTRIC LIMITED 92
10.11.1 COMPANY OVERVIEW 92
10.11.2 FINANCIAL OVERVIEW 92
10.11.3 PRODUCTS/SOLUTIONS OFFERED 93
10.11.4 KEY DEVELOPMENTS 94
10.11.5 SWOT ANALYSIS 94
10.11.6 KEY STRATEGIES 94
10.12 PANASONIC LIFE SOLUTIONS INDIA PVT LTD 95
10.12.1 COMPANY OVERVIEW 95
10.12.2 FINANCIAL OVERVIEW 95
10.12.3 PRODUCTS/SOLUTIONS OFFERED 96
10.12.4 KEY DEVELOPMENTS 96
10.12.5 SWOT ANALYSIS 97
10.12.6 KEY STRATEGIES 97
LIST OF TABLES
TABLE 1 MARKET SYNOPSIS 11
TABLE 2 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY COMPONENT, 2018–2030 (USD MILLION) 37
TABLE 3 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY FUSE, 2019–2030 (USD MILLION) 37
TABLE 4 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY CONNECTORS, 2019–2030 (USD MILLION) 38
TABLE 5 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY SALES CHANNEL, 2018–2030 (USD MILLION) 41
TABLE 6 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY END USE VERTICAL, 2019–2030 (USD MILLION) 44
TABLE 7 COLLABORATION/ PARTNERSHIP/AGREEMENTS/CONTRACTS 50
TABLE 8 PRODUCT LAUNCH/PRODUCT EXPANSION/SITE EXPANSION 50
TABLE 9 MERGERS, ACQUISITIONS, AND DIVESTMENTS 52
TABLE 10 L&T ELECTRICAL & AUTOMATION: PRODUCTS/SOLUTIONS OFFERED 54
TABLE 11 L&T ELECTRICAL & AUTOMATION: KEY DEVELOPMENTS 55
TABLE 12 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS OFFERED 59
TABLE 13 SCHNEIDER ELECTRIC: KEY DEVELOPMENTS 59
TABLE 14 HAVELLS INDIA LTD: PRODUCTS/SOLUTIONS OFFERED 62
TABLE 15 HAVELLS INDIA LTD: KEY DEVELOPMENTS 62
TABLE 16 LEGRAND INDIA: PRODUCTS/SOLUTIONS OFFERED 66
TABLE 17 TE CONNECTIVITY: PRODUCTS/SOLUTIONS OFFERED 70
TABLE 18 TE CONNECTIVITY: KEY DEVELOPMENTS 70
TABLE 19 PHOENIX CONTACT: PRODUCTS/SOLUTIONS OFFERED 73
TABLE 20 PHOENIX CONTACT: KEY DEVELOPMENTS 75
TABLE 21 ABB INDIA LTD: PRODUCTS/SOLUTIONS OFFERED 78
TABLE 22 ABB INDIA LTD: KEY DEVELOPMENTS 79
TABLE 23 SIEMENS: PRODUCTS/SOLUTIONS OFFERED 82
TABLE 24 SIEMENS: KEY DEVELOPMENTS 82
TABLE 25 EATON: PRODUCTS/SOLUTIONS OFFERED 85
TABLE 26 EATON: KEY DEVELOPMENTS 87
TABLE 27 MOLEX LLC: PRODUCTS/SOLUTIONS OFFERED 89
TABLE 28 MOLEX LLC: KEY DEVELOPMENTS 90
TABLE 29 C&S ELECTRIC LIMITED: PRODUCTS/SOLUTIONS OFFERED 93
TABLE 30 C&S ELECTRIC LIMITED: KEY DEVELOPMENTS 94
TABLE 31 PANASONIC LIFE SOLUTIONS INDIA PVT LTD: PRODUCTS/SOLUTIONS OFFERED 96
TABLE 32 PANASONIC LIFE SOLUTIONS INDIA PVT LTD: KEY DEVELOPMENTS 96
LIST OF FIGURES
FIGURE 1 INDIA ELECTROMECHANICAL COMPONENTS MARKET: MARKET STRUCTURE 13
FIGURE 2 BOTTOM-UP AND TOP-DOWN APPROACHES 18
FIGURE 3 MARKET DYNAMIC ANALYSIS OF INDIA ELECTROMECHANICAL COMPONENTS MARKET 22
FIGURE 4 DRIVERS IMPACT ANALYSIS: INDIA ELECTROMECHANICAL COMPONENTS MARKET 25
FIGURE 5 RESTRAINTS IMPACT ANALYSIS: INDIA ELECTROMECHANICAL COMPONENTS MARKET 27
FIGURE 6 VALUE CHAIN ANALYSIS: INDIA ELECTROMECHANICAL COMPONENTS MARKET 32
FIGURE 7 PORTER'S FIVE FORCES ANALYSIS OF THE INDIA ELECTROMECHANICAL COMPONENTS MARKET 34
FIGURE 8 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY COMPONENT, 2022 (% SHARE) 36
FIGURE 9 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY COMPONENT, 2022 VS 2030 (USD MILLION) 36
FIGURE 10 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY SALES CHANNEL, 2022 (% SHARE) 40
FIGURE 11 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY SALES CHANNEL, 2022 VS 2030 (USD MILLION) 41
FIGURE 12 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY END USE VERTICAL, 2022 (% SHARE) 43
FIGURE 13 INDIA ELECTROMECHANICAL COMPONENTS MARKET, BY END USE VERTICAL, 2022 VS 2030 (USD MILLION) 44
FIGURE 15 VENDOR SHARE ANALYSIS, 2022 (% SHARE) 50
FIGURE 16 L&T ELECTRICAL & AUTOMATION (PART OF SCHNEIDER ELECTRIC): FINANCIAL OVERVIEW SNAPSHOT 54
FIGURE 17 L&T ELECTRICAL & AUTOMATION: SWOT ANALYSIS 56
FIGURE 18 SCHNEIDER ELECTRIC: FINANCIAL OVERVIEW SNAPSHOT 58
FIGURE 19 SCHNEIDER ELECTRIC: SWOT ANALYSIS 60
FIGURE 20 HAVELLS INDIA LTD: FINANCIAL OVERVIEW SNAPSHOT 61
FIGURE 21 HAVELLS INDIA LTD: SWOT ANALYSIS 63
FIGURE 22 LEGRAND INDIA: FINANCIAL OVERVIEW SNAPSHOT 65
FIGURE 23 LEGRAND INDIA: SWOT ANALYSIS 67
FIGURE 24 TE CONNECTIVITY: FINANCIAL OVERVIEW SNAPSHOT 69
FIGURE 25 TE CONNECTIVITY: SWOT ANALYSIS 71
FIGURE 26 PHOENIX CONTACT: FINANCIAL OVERVIEW SNAPSHOT 73
FIGURE 27 PHOENIX CONTACT: SWOT ANALYSIS 76
FIGURE 28 ABB INDIA LTD: FINANCIAL OVERVIEW SNAPSHOT 78
FIGURE 29 ABB INDIA LTD: SWOT ANALYSIS 80
FIGURE 30 SIEMENS (INDIA): FINANCIAL OVERVIEW SNAPSHOT 81
FIGURE 31 SIEMENS: SWOT ANALYSIS 83
FIGURE 32 EATON: FINANCIAL OVERVIEW SNAPSHOT 85
FIGURE 33 EATON: SWOT ANALYSIS 87
FIGURE 34 MOLEX LLC: SWOT ANALYSIS 91
FIGURE 35 C&S ELECTRICAL LIMITED (PART OF SIEMENS): FINANCIAL OVERVIEW SNAPSHOT 92
FIGURE 36 C&S ELECTRIC LIMITED: SWOT ANALYSIS 94
FIGURE 37 PANASONIC LIFE SOLUTIONS INDIA PVT LTD (PART OF PANASONIC HOLDINGS CORPORATION): FINANCIAL
OVERVIEW SNAPSHOT 95
FIGURE 38 PANASONIC LIFE SOLUTIONS INDIA PVT LTD: SWOT ANALYSIS 97
