 The Indian consumer durables market is broadly segregated into urban

and rural markets and is attracting marketers from across the world
 The market is projected to grow from USD 689.45 billion in 2020 to USD
989.37 billion in 2027 at a CAGR of 5.3% in the 2020-2027 period.
 Asia-Pacific  is the  largest region in the global electronic products
market.
 The  fastest-growing regions  in the electronic products market will
be  Asia-Pacific  and the  Middle East, where growth will be at CAGRs
of 7.7% 
 Electronic sector today contributes  3.4 % to GDP and is expected to
contribute 6.4 % in next few years.
 The government has been increasing its focus on the domestic
manufacturing of electronics components.

 The consumer electronics market size is expected to surpass around US$

1.13 trillion by 2030 and expanding growth at a CAGR of 5.1% from 2022
to 2030.
 Market players focus on strategies such as innovation and new product
launches to enhance their portfolio offering in the market.
 Major players in the market include Samsung Electronics Co Ltd, LG
Electronics Inc, Godrej Appliances, Sony Corporation, Whirlpool
Corporation, Bajaj Electricals Ltd, VOLTAS LTD, Blue star ltd.
 As of 2021, the refrigerator, washing machines and air conditioner
market in India were estimated at around US$ 3.82 billion, US$ 8.43
billion and US$ 3.84 billion, respectively.
 The electronic products market is fairly fragmented, with a large
number of small players. The top ten competitors in the market made up
to  32.69% of the total market in 2020.
 The electronics industry has suffered a lot due to this covid-19 has
turned up in there business.
 Production facilities of electronic parts was also halted because of a
slowdown in logistics along with an unavailability of workforce
throughout the world.
 Different E-commerce giants throughout the world was discontinued,
and delivery of the non-essential goods including maximum electronics
goods was affect electronics industry.
 Mitigation measures aim at slowing COVID-19 was taken in the past
couple of months, impacted the demand, supply as well as daily
operations of the retail sector.
 COVID-19 was also disrupted the global supply chain of major electronic
brands.
 China is the largest producer and exporter of various electronics input
supplies that are essentially used to produce finished electronic goods.
 The ongoing production was halt in China and forced the other
electronic manufacturers based in the US and Europe to hold the
production of the finished goods on a temporary basis, which in turn
leading to the gap in the demand and supply of the electronic products.
 However, it also added that the sector was facing challenges in the form
of logistics, finance cost and lacks a proper ecosystem.

 The industry expects widespread recovery in 2022, home appliances and

AC business, at LG Electronics, said market sentiments will become
better this year
 Because of Covid-19 cases coming down, easing of restrictions, and
pickup in sales during summer which was lost in the last two years due
to Covid-19 waves.
 The industry was seen that it will be recover the challenges in both
supply and demand sides.
 Electronic company is preparing for itself, The market demand would
shape up and we are looking at Diwali, for the situation to normalize.
  Apart from air-conditioner, the entry-level segments in refrigerator,
washing machine, have upwards in 2022 as compared to 2021 across
the channels.
In terms of volume sales, individual categories like air conditioner (8%),
washing machine (13%), grew in 2021 over 2019 while refrigerator, still
remained impacted by the pandemic and supply disruptions

 The unplanned lockdown announced by the government of India to

inhibit the dissemination of the virus on 25 March 2020 has kept millions
of migrant workers with no job.
   The disruption in different sectors left many citizens without jobs in
private sectors as well
 Employment in the appliances and consumer electronics industry (ACE)
can jump 62 per cent over the next five-six years if India can achieve
higher levels of localization in manufacturing.
   Consumer electronics industry can employ 62% more with higher
localization.
 The ACE industry ( Appliance and Consumer Electronic ) currently
employs about 2.5 lakh people - primarily across the five products - air
conditioners, refrigerators, washing machines, television, and audio.
 A major impact of this industry has been on employment generation. It is
encouraging to know that 30% of the people employed in this sector are
women.
 Boilers
• India is a net importer of boilers, with imports growing at a faster rate
than exports between 
• Domestic players that have the capacity to manufacture indigenous
boilers with supercritical parameters up to 1,000 MW unit size
• Bharat Heavy Electricals Limited (BHEL) is the largest manufacturer of
boilers in the country accounting for two-thirds of the market share.
•
Turbines and generator sets 
• Established capacity for manufacture of various kinds of turbines such as
steam, hydro and industrial turbines is more than 10,000 MW per
annum. 
•  The AC Generator industry in India is adequately catering to the
alternative power requirements of various sectors, with manufacturers
in India capable of manufacturing AC Generators ranging from as low as
0.5 KVA to as high as 25,000 KVA, with specified voltage ratings.
•  India is a net importer of turbines and a net exporter of generators, with
domestic demand for turbines exceeding domestic supply.
•
Transformers
•
The major users of transformers include the State Electricity Boards,
Power Grid Corporation of India Ltd, and other industries.
• Energy efficient amorphous core transformers with low losses and low
noise levels and special transformers used for the purpose of welding,
traction and electric furnaces, etc are also manufactured in India to
meet the growing domestic demand.
•
Switchgear and control gear
•
The switchgear segment can be categorised into two main categories,
low tension (LT) switchgears and high tension (HT) switchgears. 
 •  HT switchgears are comparatively more technology intensive, with
multinationals operating in this domain having better access to the latest
technology. 
• Players in the Indian switchgear industry manufacture the entire range
of circuit breakers, from bulk oil, minimum oil, air blast and vacuum to
sulphur hexafluoride as per standard specifications for voltages ranging
from 240 V to 800 KV. 

https://economictimes.indiatimes.com/industry/cons-products/durables/
appliances-and-consumer-electronics-industry-expected-to-double-to-rs-1-48-
lakh-crore-by-fy25/articleshow/72183954.cms?
utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
 https://economictimes.indiatimes.com/marketstats/pid-
1007,industryid-2074,industryname-Electronics%20or
%20Electricals,exchange-NSE,sortorder-desc,sortby-percentChange.cms
 https://www.fortunebusinessinsights.com/consumer-electronics-
market-104693
 https://www.ibef.org/download/Electronics_7July_08.pdf
 https://www.consultancy.in/news/3358/government-incentives-for-
indias-electronics-industry
 https://economictimes.indiatimes.com/industry/cons-products/
electronics/india-could-emerge-as-alternative-for-investment-in-
electronics-in-near-to-medium-term-report/articleshow/79544777.cms?
from=mdr
 https://economictimes.indiatimes.com/industry/cons-products/
durables/all-segments-of-the-consumer-electronics-market-will-recover-
in-2022-nikhil-mathur/articleshow/90084080.cms
 https://telecom.economictimes.indiatimes.com/news/gdp-contribution-
of-domestic-electronics-component-manufacturing-to-double-soon/
86776299
 https://www.ibef.org/exports/electronic-and-computer-software-
industry-in-india#:~:text=The%20electronics%20sector%20of
%20India,300%2D350%20billion%20by%202025
 https://www.researchgate.net/publication/
358693811_A_STUDY_ON_THE_IMPACT_OF_COVID_19_ON_INDIAN_EL
ECTRONIC_RETAIL_INDUSTRY
 https://www.screener.in/company/HAVELLS/consolidated/
 https://www.investopedia.com/terms/e/
enterprisevaluesales.asp#:~:text=Enterprise%20value%2Dto%2Dsales
%20is,by%20the%20company's%20annual%20sales
 https://economictimes.indiatimes.com/industry/cons-products/
electronics/consumer-electronics-industry-sales-may-fall-50-in-q1-due-
to-lockdown-panasonic/articleshow/75062440.cms
 Important Links
 https://www.ibef.org/download/Consumer-Durables-December-
2019.pdf
 https://www.insideindiatrade.com/Industry_Snapshot/
Electronics_Industry_Snapshot_T&A.pdf
 https://www.ibef.org/download/Electronics_060710.pdf
 https://www.ibef.org/download/Consumer-Durables-January-2021.pdf

 https://in.nec.com/en_IN/pdf/-AssochamReport-
NTIasKnowledgePartner.pdf
 https://www.moneycontrol.com/stock-reports
 https://www.moneycontrol.com/stock-reports/assets/doc/sample/
sample_report.pdf
 https://m.moneycontrol.com/stock/
cromptongreavesconsumerelectrical/CGC01/peer-comparison
 https://blog.bizvibe.com/blog/largest-electronics-
companies#:~:text=China%20leads%20the%20way%20as,the%20world
%20by%20revenue%20generated.
 https://www.globenewswire.com/news-release/
2022/06/13/2461131/0/en/Global-Electrical-Fittings-Market-Size-
Worth-USD-2031-6-Million-Electrical-Fittings-Industry-Share-Growth-
Trends-Key-Players-Market-Segmentation-Challenges-Restraints-
Revenue-Recen.html
 https://electricalconnection.com.au/covids-impacts-on-the-electrical-
supply-chain/
 Important electricals.
 https://www.ibef.org/download/Electrical_Machinery_060710.pdf
 https://www.ibef.org/download/Power-June-2020.pdf
 https://www.ibef.org/download/Electrical-Machinery-261112.pdf