Railway Equipment and Power Electronics, per Industry report in the offer document of MV Electrosystems (commissioned by a company).
The Indian railway equipment and propulsion industry is expanding rapidly, underpinned by Indian Railways' ambitious target of 100% network electrification by 2030, high-speed rail corridors, metro expansions across 25+ cities, and strategic infrastructure programs like PM GatiShakti and the National Rail Plan 2030. Government initiatives under 'Make in India' and Atmanirbhar Bharat aggressively promote indigenous manufacturing of advanced rolling stock components and power electronics, incentivizing the replacement of imported systems. Stringent safety norms, complex RDSO/CLW technical specifications, and multi-year prototyping and field-trial cycles create substantial entry barriers, favoring domestic established players with proven in-house R&D and integrated testing infrastructure. [1]
| Figure | Period | Value |
|---|---|---|
| Market size [1] | CY25, Indian Railway Cable Assemblies | US$71.9 million |
| Market CAGR [1] | CY20–CY25 | 11.2% |
| Topic | Figure | Period | Value |
|---|---|---|---|
| Market size and growth | Market size [1] | CY25, Indian Railway Cable Assemblies | US$71.9 million |
| Market size and growth | Market CAGR [1] | CY20–CY25 | 11.2% |
According to an industry report in MV Electrosystems' offer document, the railway equipment and power electronics market was US$71.9 million in CY25, Indian Railway Cable Assemblies.
An industry report in MV Electrosystems' offer document projects continued growth, a growth rate of 11.2% a year over CY20–CY25. Forecasts are the source's, not FinMinutes'.
Built from 1 source: 1 company-commissioned report. Each figure carries its source number, which links to the full source list with dates and page references.
Figures are quoted from the sources listed above, with their dates and page references. They are not FinMinutes estimates and are not a recommendation about any security. All industries →