Trends of Electrical and Electronics Engineering in Industries

The recent trends in Electricals & Electronics suggest that the market in this area has the potential to grow at a very rapid rate and will become one of the largest in the world, and in India, it is anticipated to reach several hundred billion US dollars this year. The market will grow at a very high compound annual growth rate, specifically the demand for telecom products like smart phones will be very high and is expected to rise to hundreds of millions pieces this year. The increase in generation of electricity along with more efficient distribution and increased utility of electricity have increased the demand for electrical equipment’s. Governments delicensing policy and foreign collaborations will increase the probability of manufacturing these equipment’s in India resulting in more job creation.