The worldwide electrical and electronics industry is experiencing phenomenal and remarkable changes these days. So, this is absolutely a right time for starting a business in the industry for the electrical engineers.
Electric Vehicle Business
By 2030, electric vehicles are predicted to penetrate the market globally in huge numbers. Tens of millions of them are expected to be on the road. India may also go through a sea change where EVs are considered, especially in the 2-wheeler sector. Estimated battery life for a well-cared for 2-wheeler with a lithium battery is expected to be around a 1000 charge cycles.
Air Compressor Production
Basically, the air compressor is an industrial item. Additionally, the air compressor has an intensive application in the automobile service industry. The air compressor production process is not complex. And you can start a small company with moderate capital investment.
Electric Motors Business
Electric motors are a primary source of running various equipment today. The motor converts electrical energy into mechanical energy and thus, is used in many types of equipment. Thus, aspiring entrepreneurs can initiate the business in electric motors as the motors are widely demanded commercial, industrial and residential appliances.
If you want to start a small-scale manufacturing business, then you can consider battery production. With a small space of operation, you can start this business. Though you can open a localized battery company with a small investment, expansion demands substantial investment.
If you are looking for a retail opportunity in the electrical and electronics field, then you can consider this business. Additionally, you can start the business in two ways. Either as an initiative of your own or as a franchise partner of a reputed brand. However, if you start your own, you can sell multiple brands for a single store.
A capacitor can store electric energy when disconnected from its charging circuit, so it can be used like a temporary battery. The product has a huge demand in both the electrical and electronics industry. With the moderate capital investment, you can start capacitor production business.
CCTV Installation Service
Actually, CCTV stands for closed circuit television. The CCTV’s are frequently utilized for surveillance in locations that may require regular monitoring such as casinos, banks, military installations, airports, shopping malls, convenience stores, etc. Apart from this, CCTV cameras have wide applications across the globe by government institutions to reduce and avoid domestic and international security threats. So, there are huge potentials for starting a CCTV installation business from home.
Electrical Control Panel
Basically, electrical control panels help to control mechanical equipment. Additionally, they are used to control every piece of equipment in every industry. However, the product has a high demand in the industrial sectors. the business is perfect for the electrical engineers.
Electrical Switches, Socket, And Plugs
These are very common items in the electrical and electronics industry. Additionally, the manufacturing process is not complex. If you want to start a manufacturing business in the industry, you can consider starting switches, sockets and plugs production business.
Electrical Wire Manufacturing
Electrical wires are highly consumable items. PVC coated electrical wires are used in both the domestic and industrial segments. You can start the business as small and after getting the confidence you can scale up.
Electronic Fan Regulator Production
A ceiling fan is one of the most common electrical appliances. And there always is a fan regulator with every ceiling fan to control its speed. So, the market opportunity is huge in the fan regulator production business. Additionally, with moderate capital investment, you can start this business.
Basically, the generator is an industrial product. Additionally, it has other commercial applications in retail stores, commercial offices including shopping mall etc. Actually, generator assembling is a perfect business opportunity for the electrical engineers. However, you must have prior experience in this industry.
Home Appliances Store
If you want to start a retail business that has the substantial potential of generating a net profit, then you can consider this business. The business demands moderate startup capital investment. However, it depends on the size of your store and inventory.
House Electrification Service
For electrical engineers, starting a home electrification service business is highly lucrative. Not only the new electrification, you can address the consumers who need an expert for repairing or alteration also. In most of the state, the business demands a specific license from the Govt. authority. So, check it first.
Pneumatic Tools Production
Basically, pneumatic tools are air-powered tools. Compared to their electric power tool equivalents, they are safer to run and maintain, without risk of sparks, short-circuiting or electrocution, and have a higher weight to power ratio, allowing a smaller, lighter tool to accomplish the same task. So, they are getting huge popularity day-by-day.
Printed Circuit Board Making
Basically, designing and making printed circuit boards are the great business opportunities for the electrical engineers. The product has high demand and tough market competition too. If you have prior experience and sound knowledge you can consider starting this business with moderate investment.
Robot Vacuum Cleaner Production
Robot vacuum cleaners are the new product. However, these items are getting huge popularity for both the household and commercial use. The assembling process is not very complex. However, the business demands substantial capital investment and strategic planning.
Basically, UPS comes in the different capacity for different purposes. The product has domestic, official, industrial and commercial uses. The assembling process is simple. And you can start the business with small capital investment.
Voltage Stabilizer Production
The Voltage stabilizer provides an output voltage with a specified limit for supplying to load irrespective of wide fluctuation in the input voltage, independent of load power factor and without introducing harmonic distortion. Additionally, you can start voltage stabilizer business with moderate capital investment.
Weighing Scale Production
Now a day the demand for the digital weighing machine is increasing day by day in most of the business enterprises. Because measuring the weight with a digital weighing machine is user-friendly with a variety of various applications. Basically, it is a perfect manufacturing business opportunity for the electrical engineers.