List of Profitable Business Ideas in Electrical and Electronics Products Manufacturing
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The electrical energy sector in India has witnessed rapid progress over the years with increase in power generation capacity as well as expansion of transmission and distribution lines. The Indian electrical equipment industry is highly diverse and manufactures a wide range of high and low technology products. The industry comprises large, small and medium enterprises as well as foreign players who have a direct presence or through collaboration with domestic players.
The electronics sector consists of consumer and industrial electronics, computers, communication and broadcasting equipment, strategic electronics and electronic components.
The Indian electrical equipment segment is one of the major vertical of capital goods industry in the country which comprises of heavy electrical and power plant equipments etc. The industry is highly diverse and manufactures a wide range of high & low technology products. The demand for electrical equipment in India is expected to encounter significant expansion vis-Ã -vis growth of the power sector.
Indian electrical and industrial electronics industry posted 4.25 per cent growth in 2016-17 over the previous year on higher exports.
Dry Cell batteries are used in many applications such as toys, radios, flashlights etc. With more and more electronic products needing the use of batteries in India the demand is on an increasing stage. The concept of recycling of the used batteries is also one of the factors affecting the Indian market. Battery being a functional product, demand bears a very strong dependence on price. The volumetric sales are directly dependent on the increasing prices in India as the consumers are price sensitive. The dry cell battery is segmented into zinc carbon and alkaline technologies by technology division. The Indian dry cell battery market is expected to project cumulative growth of 11.76% in the coming five years till 2021.
Dry Cells
| Demand : Past and Future | |
| Year | (In Billion No.) |
| 1990-91 | 1.23 |
| 2000-01 | 2.21 |
| 2001-02 | 2.39 |
| 2002-03 | 2.52 |
| 2003-04 | 2.31 |
| 2004-05 | 2.68 |
| 2005-06 | 3.00 |
| 2006-07 | 3.30 |
| 2007-08 | 2.43 |
| 2008-09 | 2.47 |
| 2009-10 | 2.51 |
| 2010-11 | 2.39 |
| 2011-12 | 2.60 |
| 2012-13 | 2.52 |
| 2013-14 | 2.64 |
| 2014-15 | 2.69 |
| 2015-16 | 2.74 |
| 2016-17 | 2.79 |
| 2017-18 | 2.84 |
| 2018-19 | 2.89 |
| 2019-20 | 2.94 |
| 2024-25 | 3.25 |
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Electric Motors is a machine that converts electrical energy into mechanical energy. The machine that converts mechanical to electrical energy and vice versa is known as a generator. Electric motors are classified into two types typically AC motors and DC motors. These motors are used in industrial, residential, commercial and other (transportation, agriculture) end-use sectors for various applications. The global electric motors market was valued at around US$ 88.6 Bn in 2016, and is expected to register a CAGR of 4.7% over the forecast period (2017–2027).
The demand for electric motors has experienced a steady rise. Due to strict electric consumption standards, urgency in the reduction of greenhouse gas effects and its positive approach has been the major causes for the growth in industrial production and expansion of electric motors market.
Global Electric Motor Market Share (%), By Region (2017)
Capacitor is a key passive electrical component used to store energy in electrical and electronic equipment or devices. In India, the demand for electrical capacitor is expected to increase primarily due to rising demand for consumer durables, IT hardware coupled with use of electrical circuitry in diverse applications. Various types of capacitors that are available in the market include electrolytic, ceramic, film, solid double layer, carbon, dielectric and paper & plastic. Despite significant demand for capacitors, India lags behind in capacitor manufacturing due to lack of manufacturing base for the same. India has grown multi folds in terms of electrical & electronic product manufacturing, and the revenue growth in these industries is the key driver for electrical capacitors market in the country, especially in southern and northern regions. Domestic companies engaged in manufacturing capacitors in India.
The Indian electronics market is one of the largest in the world and is expected to reach a turnover of US$ 400 billion in 2022, Total production of electronics hardware goods in India is estimated to reach US$ 104 billion by 2020.
The growing customer base and the increased penetration in the consumer durables segment has provided excellent scope for the growth of the Indian electronics sector. Also, greater digitisation could lead to increased broadband penetration in the country and open up newer avenues for companies in the electronics industry. Increasing disposable income has led to increased consumer demand for electronics products especially advanced TV’s, mobile phones and computers. This surge in demand is huge which shows a positive outlook for the industry.
List of Few Business Ideas that will Really Help you out
ELECTRICAL CONTROL PANEL
Electrical control panel is a flat, often vertical, area where control or monitoring instruments are displayed. Any complex piece of machinery requires a user interface to enable the user to monitor its operations, check for efficient functioning, and intervene when required. Read more
ELECTRIC MOTOR
Electric equipment industry contributes over 2% of GDP which is projected to increase to about 12% in 2015 according to a study by Frost & Sullivan. During the period, consumption of electrical equipment is estimated to increase from over USD 28 bn now to USD 363 bn, growing at a CAGR of about 30%. Read more
ELECTRIC ENERGY METER
An electricity meter or energy meter is a device that measures the amount of electric energy consumed by a residence, business, or an electrically powered device. Electricity meters are typically calibrated in billing units, the most common one being the kilowatt hour. Read more
ELECTRICAL EXTENSION CORD
The term Extension cord means a flexible multi conductor cord having an attachment plug at one end for plugging onto a receptacle (outlet) and a connector on the other end for attachment to a continuing cord and can range from 3 to 100 in length. An electrical extension cord, Read more
VOLTAGE STABILIZER USING IC TIMER
Stabilizer are widely used to provide stabilized voltage to various items like Regrigerator, Television, Typewriter, and for various household purposes. The production of consumer electronics has increased during the last few years and so the stabilizer has found increased use. Read more
ALTERNATOR
The electrical machine which generates alternating currents, is known as A.C. generator or alternator. It consists of two parts essentially, magnet system and an armature. To meet the power requirements of domestic, commercial and industrial activities, it has now become the fashion of the day to install stand by generators. Read more
MICROWAVE OVEN
Microwave ovens are the latest addition to the range of electronic consumer products. These ovens are used to cook, roast, steam, thaw, stew, bake, reheat meltetc. Cooking in microwave oven can be done in about one-third time taken by conventional method. Read more
DRY CELL
A dry cell battery is a device, which converse chemical energy into electrical energy based on size. The growth of pencil-size battery is enormous in few years due to photography industries, the growing popularly of cable TV network have translated into an enhanced demand for TVs with remote control facilities & the demand of quartz wall clock. Read more
IMMERSION HEATER
The immersion heater is very popular electric device used for domestic as well as industrial purposes. In industry it is used for spattering & to concentrate or evaporate the acid solution without ebullition or spattering. Principle of working is to convert electrical energy into heat energy by passing electrical energy through certain materials. Read more
LIGHT EMITTING DIODE (LED)
A LED packaged for high temperature operation comprises a metal base including and underlying thermal connection pad and a pair of electrical connection pads, an overlaying ceramic layer and a LED die mounted overlying the metal base. In short, they are semi-conductor pn junction radiation sources. Read more
MODULAR ELECTRICAL SWITCHES
Now-a-days for manufacturing of Modular Electrical fittings polycarbonate powder is used due to its better quality and aesthetic value. Other electrical accessories e.g. plates, lamps, holders, may be also manufactured from phenol formaldehyde resin. Besides electrical fittings radio cabinets, Read more
CAPACITORS
Capacitors are used in virtually every electronics circuit that is built today. Capacitors manufactured in millions each day, but there are several types of capacitor that are available. Each type of capacitor has its own advantages and disadvantages can be used in different applications and it is necessary to know a little about each capacitor, Read more
UNINTERRUPTED POWER SUPPLY (UPS)
Electronic power is the main source for the operation of electric or electrical instruments/systems being used in the industries or in domestic sphere. Therefore, continuous power supply is essential for any system in order to prevent them from any type of failure. Read more
COMPACT FLUORESCENT LAMPS (CFL)
Fluorescent lamps are low-pressure mercury electric‚ discharge lamps in which a phosphor coating transforms the ultraviolet energy generated by the discharge arc into light. Energy conservation activities have focused attention on the relatively low efficacy and short life of general service 25W to 100W incandescent lamps are widely used in many residential, Read more
INSULATOR
Electricity play a vital role in the development and growth of Agriculture and Industry, As such, it is a high priority item for all the developing or developed nations. For the generation and distribution of Electricity, High Tension Insulators are an important adjusts. Read more
REWINDING OF BURNT ELECTRIC MOTORS
In the case of major troubles, windings are replaced with new ones in the original pattern in order to recondition the motor, called as rewinding. Electrical & electronic industry has gathered considerable strength over past years. There are a very large number of manufacturers of induction motors up to 10HP in small scale sector. Read more
PORCELAIN INSULATOR (LT & HT)
Porcelain insulators are suitable for high tension as well as low tension transmission & distribution are required to be effective at high voltages and under extreme climate conditions of rain snow, high wind of soaring heat. The most common in use are suspension type and pin type. Read more
INNER GROOVED COPPER TUBE
Ongoing rise of Air Conditioners and Refrigerators in the market and production in GCC and other part of the world and Heat Transfer Systems in engineering industries and automobile sectors all over the world, makes Copper tubes an essential and unmatched engineering material as Copper possesses superior heat transfer properties with excellent corrosion resistant. Read more
TRANSMISSION TOWER & TELE COMMUNICATION TOWER WITH GALVANIZING PLANT
The purpose of a transmission line tower is to support conductors carrying electrical power and one or two ground wires at suitable distances above the ground level and from each other. A transmission line tower is a space-frame and high order indeterminate structure. Read more
ELECTRONIC TOYS
A toy is an object used in play. Toys are usually associated with children and pets, but it is not unusual for adult or some non-domestic animal to play with toys. The advancement of toy throughout the decades has continued to amaze kids and adult alike. One of the best type of toys are the electronic ones. Read more
THERMAL POWER PLANT (5 MW)
Power generation is an essential requirement of economic growth of a country. Generation involves with the production of power and transmission and distribution function is of carrying the generated power to the doorsteps of the consumer. India’s per capita power consumption was 490 units in 2004-05, Read more
ELECTRICAL STAMPING
These stampings are used in electrical machines and equipments to form the ferromagnetic cores, which are subjected to cycles of magnetization. High silicon content steel, which shows much higher permeabilities at low densities is used to decrease the inducted e.m.f per lamina and to increase the resistance of the path in which the Eddy current flows since the Eddy-current loss varies directly to the square of thickness of the lamina. Read more
MAINTENANCE FREE RECHARGEABLE BATTERY
Although the lead acid cell was developed by B. Gaston in 1860, it was not until much later when it was adopted by the automobile industry in term of maintenance free rechargeable battery that is gained popularity. The maintenance free rechargeable battery lead acid type can also be floater nickel charged when it is continuously connected to an electrical system. Read more
POWER CABLE
Electrical power cables used for transmission and distribution purposes consist of conductors stranded from plain high conductively annealed copper wires insulated with oil impregnated paper tapes. Underground construction is necessitated in the more density built up portions of cities by the heavy transformers and lines required and by the multiplication of service connections to buildings. Read more
SOLAR POWER PLANT
Solar thermal systems for generating electricity use tracking mirrors to reflect and concentrate sunlight on to a receiver, where, it is converted to high temperature thermal energy. The high-temperature heat in the receiver is then used to drive a heat engine and electric generator to produce electricity. Read more
INVERTERS 50HZ 100 TO 1000 KVA
Inverter is a circuit which converts the D.C. input voltage to an A.C. voltage of specified limit. As soon as electrical technology got developed it become very clear and evident that production transmission and utilization of electrical energy is more economic if it is used in form of A.C. voltage than with conventional D.C. voltage. Read more
ALUMINIUM BARE CONDUCTORS
A wire or combination or wires not insulated from one another, suitable for carrying a single electric current is called conductor. The term conductor is not to include a combination of conductors insulated from one another, which would be suitable for carrying several different electric currents. Read more
SET TOP BOX
The digital television is considered to be the future of modern television and for that reason there are laws coming in near future that require all the TV stations to switch from analog broadcast to digital. TV viewing is undergoing a change in India with the implementation of Conditional Access System (CAS) and availability of Direct to Home (DTH) services. Read more
CEILING FANS, WALL SWITCHES AND SOCKETS
Electricity is an integral utility in modern society, with links to everything from a human’s subconscious fear of the dark to the practical need for working illumination in an industrialized world. The entire world essentially runs on electricity, in one form or another, Read more
ELECTRONIC DIGITAL WEIGHING MACHINE
Automatic production in industry has brought increasing need for high speed weighing information for election or control should be available at a rate that will not retard the flow of the product on the assembly lines. The digital weighing machine provides a means for obtaining weight rapidly and accurately. Read more
ELECTRIC SWITCHES, PLUGS, SOCKETS AND OTHER ACCESSORIES
Electric switches, plugs, sockets and other accessories etc. are nothing but electric fitting which are quite familiar to the people as it is found in every home. They can be manufactured using different raw material e.g. steel, brass, thermosetting or thermoplastic resins. Read more
LEAD ACID BATTERY
The lead-acid storage battery, an important energy storage device, is the most widely used secondary storage cell by automobile and other industries. Storage cells are devices which release a flow of electron through an external circuit as a result of reactions occurring between the active electrode materials and ions transported by the electrolyte. Read more
MULTILAYER PRINTED CIRCUIT BOARDS
Printed circuits are components in almost all electronic assemblies. Printed circuit board are metal clad laminates that are used to define wiring scheme for an electronics circuit. It consists of an insulating laminate over which metal has been deposited or clad. Read more
PLASTIC SEALS FOR ELECTRICITY METERS
Security seals are mechanisms used to seal meters in a way that provides tamper evidence and some level of security. Such seals can help to detect theft or contamination, either accidental or deliberate. Security seals are commonly used to secure truck trailers, vessel containers, chemical drums, Read more
NUTS AND BOLTS (MS FASTENERS)
A fastener is a connective mechanism that mechanically joins or affixes two or more objects together. A bolt is an externally threaded fastener designed for insertion through holes in assembled parts, and is normally intended to be tightened or released by torquing a nut. Read more
LT CABLE
A low-tension line is a low voltage line and a high-tension line is a high voltage line. In India LT supply is of 400 Volts for three-phase connection and 230 Volts for single-phase connection. High tension or HT supply is applicable for bulk power purchasers who need 11 kilo-Volts or above. Read more
CAPTIVE POWER PLANT
Robust power generation and an effective delivery model determine the bullish economic growth of a country. A weak power infrastructure impedes the growth potential and pulls back the growth initiates. Captive power plants are essentially non-utility power plants. Read more
TRANSFORMER OIL
These are mineral oils and are used to dissipate the heat generated in electric transformers, switches, circuit breakers and motor starters etc. They also act as electrical insulators. As transformers consume maximum amount of such oils, most of these are also called Transformer Oil. This oil can also be used as electrical cable oils. Read more
PVC WIRES AND CABLES
PVC copper wires are used extensively in making power transformers, panel boards, electric motors, etc. PVC (polyvinyl chloride) is a versatile thermoplastic material obtained from ethylene (petro chemistry product) and salt by vinyl chloride polymerization. Read more
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