Booming Electrical Equipments Market in India

Tuesday 27 November 2012, Amsterdam

According to a new research, "Indian Power Sector - New Opportunities for Growth", the electrical equipment market in India, which is segmented into generation equipments (Boilers, Turbines and Generators – BTG) and Transmission & Distribution (T&D) equipments (cables, transformers, switchgears, energy meters, capacitors, transmission lines, conductors and rotating machines) is highly diverse and a wide range of high and low-technology products are being manufactured. The report revealed that the rapidly increasing demand for power in the country is initiating strong growth in the electrical equipment market in India.

Further, analysis found that with rapidly increasing electricity consumption, the power sector demand in India has been growing at a fast pace over the past few years and the trend is expected to continue in future as well. With increasing initiatives from state governments in co-operation with central and private players to ensure that these growing power needs can be met will also result in the growth of power sector in India. The report found that this growing demand in power sector is exploring opportunities for the electrical equipment industry. As per our analysis, the market for electrical equipment is anticipated to grow at a CAGR of over 13% during 2011-12 to 2014-15.

Our analysts closely studied each segment of electrical equipment, majorly focusing on their production, major players, recent industry activities of past one year and market forecast till 2014-15. Besides, the report presents overall, regional and state-wise power demand analysis till 2014-15 that will help in identifying the states with potential power demand. The exhaustive list of state-wise under construction and upcoming Thermal, Hydro and Nuclear power projects covering company name, number of units and total capacity (MW) is also included in the new report.

Besides, we have also provided the growth in transmission lines and transformation capacity along with planned distribution system. The report also covered statistical a snapshot on state-wise transmission and distribution of power loss, which will help clients to gain industry insights. The current status of power sector in terms of surplus and shortage across various states of India has also been covered in the report. Overall, the report is likely to prove as a proper source of knowledge for investors and clients interested for investment in the Indian power sector.