Key Market Indicators
India's electrical equipment exports are expected to reach $14 billion by 2026, a 2.3% average year-on-year growth rate from $12.1 billion in 2021. Since 1993, the country's supply has increased by 8% annually. It ranked 27th in 2021 with Switzerland in the lead at $12.1 billion. In this ranking, South Korea, the United States, and Germany were second, third, and fourth, respectively. India's electrical equipment imports are expected to reach $69.5 billion by 2026, a 3.1% average year-on-year growth rate from $57.7 billion in 2021. Since 1993, the country's demand has increased by 9.5% annually. It ranked 12th in 2021 with France in the lead at $57.7 billion. In this ranking, the United States, Germany, and Singapore were second, third, and fourth, respectively.
