Electrical connectors for industrial applications could see growing demand in India as the country moves to a higher-voltage system of distributing power.
Analyst Frost & Sullivan forecasts the uptake of 765 kV grid distribution as Indian utilities look to reduce power loss during transmission.
Frost analyst Anup Barapatre says: "Major participants are gearing up their manufacturing facilities to this changing paradigm with multinationals bringing technology from their parent companies while local participants are obtaining the technology through acquisition."
Manufacturers of electrical connectors capable of dealing with higher voltages within the distribution grid itself could find their products in demand as a result.
Revenues for transformers are predicted to benefit from the transition, rising by more than 50 per cent between 2009 and 2016.
The figures are compiled by Frost's Energy and Power Systems growth partnership service, which highlights new technologies and expansion opportunities for operators in industries such as utilities, oil and gas, and fuel cells.