The industry is comprised of players manufacturing various types of electric motors, generators and transformers. In addition, some participants also manufacture alternators (not for motor vehicles), rectifiers, inverters and rotary and static convertors. International trade has a significant influence on industry performance, with exports expected to account for 58.8% of revenue and imports forecast to satisfy 62.7% of domestic demand in 2015-16.
The industry faced lacklustre conditions over the past five years. Industrial production activity remained stagnant and hindered demand.
Companies in this industry manufacture all types of electric motors and transformers.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.