# Electrical equipment: Chokepoints and risks

Makers of motors, transformers, switchgear, cables and inverters for power systems

Source page: https://www.materialinsights.org/industries/electrical_equipment/risks/

#### Chokepoints and risks

- Large transformers can take up to four years and HVDC cables over five, after prices rose 75% and nearly 100% since 2019^[2](https://www.iea.org/reports/building-the-future-transmission-grid/executive-summary).
- India has one CRGO plant of about 50,000 tonnes a year against electrical steel imports above 771,000 tonnes in 2023^[4](https://fastmarkets.com/insights/geo-economic-tensions-fuel-electrical-steel-race-between-china-india).
- India is over 90% import-dependent for power semiconductors and overall import dependence rose to 33% in 2025^[1](https://www.mckinsey.com/industries/industrials/our-insights/wired-for-growth-indias-electrical-equipment-opportunity).
- China supplied nearly 30% of the roughly US$ 500 billion of global trade in the main categories in 2024, so trade barriers on either side reshape supply^[1](https://www.mckinsey.com/industries/industrials/our-insights/wired-for-growth-indias-electrical-equipment-opportunity).
- Copper, aluminium and rare-earth magnet prices pass directly into cable, motor and transformer costs.

## Other sections

- [Overview](https://www.materialinsights.org/industries/electrical_equipment/index.md)
- [Where ₹100 goes](https://www.materialinsights.org/industries/electrical_equipment/cost-mix/index.md)
- [Price links with suppliers](https://www.materialinsights.org/industries/electrical_equipment/price-links/index.md)
- [Example story](https://www.materialinsights.org/industries/electrical_equipment/story/index.md)
- [Linked industries](https://www.materialinsights.org/industries/electrical_equipment/linked-industries/index.md)
- [Value chain](https://www.materialinsights.org/industries/electrical_equipment/value-chain/index.md)
- [Materials drawn on](https://www.materialinsights.org/industries/electrical_equipment/materials/index.md)
- [Sources](https://www.materialinsights.org/industries/electrical_equipment/sources/index.md)