A RISING REQUIREMENT: Electrical equipment companies in india

 As the country goes on to ensure that citizens have access to power, India’s demand for the electrical equipment industry is reaching high levels. With a growing number of commercial, residential projects along with cross-border trading, the electrical equipment industry is likely to witness a growth as well.

Population is one of the major factors for the increasing requirements of all sorts, electrical being one of the major ones. Cities like Gurugram, Mumbai, Bengaluru, Pune, Chennai, Kolkata, and Hyderabad are observing a constant rise in new commercial and residential establishments. In November 2019, DLF Ltd. announced its plans to invest in the construction of three million square feet of office space in Gurugram. Such investments are driving the demand for power generation and associated equipment. Therefore, the rise in the number of residential and commercial building projects is expected to boost the growth of the electrical equipment market in India during the forecast period.

There is a major market for electrical equipment companies in India, with the industry expected to grow by over $70 billion by 2024 at a CAGR of more than 16%. More than a third of this growth will come from the cables segment, with other equipment such as switchgears, boilers, transformers, and transmission lines making up the rest of the market. As the country’s population continues to grow and residential and commercial business projects continue to be built, demand in the electrical equipment industry will rise further.

Talking about the recent times, now things are a lot different than ever. The ongoing Pandemic has hit countries in all sorts of ways, be it social, economic or political and India is no different. In fact it is only worse here considering the number of people, social conflicts, economic capacities etc. It is advised to go out only when necessary. With that, most of the people staying at home and all the work has shifted from offices to homes because of which we see a rise in the need for more advanced technologies that makes it a smooth sail. Therefore, it is the need of the hour that the companies make use of all they have got and provide the country with the best of its capability in times like these. Providing its citizens with a lifestyle they deserve is what is needed at best. A proper functioning environment will not only help with the official work but also give people a sense of satisfaction that their lives are not made to put on hold but to keep up with the odds, keep moving further, working together, fighting together, and winning together.

With great power comes great responsibility. As one the top private electrical companies in India, HPL always aims to provide its consumers with the best. With products ranging from LED Lightings, Industrial & Domestic Switchgears, Metering solutions, Wires & Cables, Modular Switches and Solar solutions covering the entire spectrum of commercial & industrial markets, “Innovation and technology” is the key drivers of our products. Making sure that the consumers receive the best designs and functioning is what the focus lies upon.

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