Wired for Growth: 2025 Forecast for Electrical Equipment Companies in India Part 2

Industrial and Construction Growth Capex revival in core sectors like cement, steel, and infrastructure will raise demand for industrial electrical equipment like motors, switchgears, and automation panels. Source: Motilal Oswal Railways, metro projects, and data centers are emerging as high-growth verticals, with strong demand for HT/LT cables and electrification panels. Source: Axis Capital Green Energy & EV Push The growth of renewable energy (especially solar and wind) is boosting demand for inverters, grid-interfacing equipment, and specialized transformers. Source: CEEW Electric vehicle (EV) infrastructure development is expected to accelerate demand for power converters, smart charging gear, and control units. Source: NITI Aayog