Switch gear & control gear Industry In India
 2013- 2017
Picture Courtesy: www.info.wowlogistics.com
TOC
Market
Overview
Appendix
Industry
Trends
Competitive
Environment
Industry
Structure
Executive
Summary
Drivers &
Inhibi...
3
Preface to the Report
Who is the Reader?
 Participants or stakeholders in the switchgear and control gear industry woul...
Table of contents
4
Executive Summary Slide 7
1 Industry Structure
1.1 Switchgear & control gear industry structure Slide ...
Table of contents
5
4 Government Initiatives & Policies Slide 33
5 Industry Trends Slide 35
6 Industry Analysis Slide 36
7...
6
ListofCharts&Tables
Chart 1 Supply-chain in Indian Switchgear and control gear Industry Slide 13
Chart 2 Share of distri...
Switchgear Industry
ValueNotes India Market Intelligence Dashboard
Market share of top 5 firms = 60% Output in organised S...
 Various policy changes are expected to impact the switchgear and control gear market in India
These are:
 De-licensing ...
Appendix
Picture Courtesy: www.info.wowlogistics.com
10
ResearchMethodology
ValueNotes carries out industry studies designed around optimal use of
secondary (desk) research te...
NSE National Stock Exchange
SEZ Special Economic Zones
tn Trillion
bn Billion
AT&C Aggregate Technical and Commercial
USD ...
12
Glossary
Indian Electrical and
Electronics Manufacturers'
Association (IEEMA)
IEEMA is a national representative organi...
As an analyst at ValueNotes, Tejaswee has worked on opportunity assessment studies
in manufacturing & engineering sector w...
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Switch gear & control gear industry in india

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The switchgear and control gear industry in India is currently valued has been growing at ~15% for the last three years. The industry will be worth approximately INR 215bn (~USD 3.5billion) by FY 2017, growing at a diminished CAGR of ~10%. ValueNotes latest research report on the switchgear and control gear industry in India covers intelligence on the market size, growth, industry trends, industry attractiveness, and Porter’s analysis.

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Switch gear & control gear industry in india

  1. 1. Switch gear & control gear Industry In India  2013- 2017 Picture Courtesy: www.info.wowlogistics.com
  2. 2. TOC Market Overview Appendix Industry Trends Competitive Environment Industry Structure Executive Summary Drivers & Inhibitors Government Initiatives Industry Analysis 2 Andhra Pradesh Arunachal Pradesh Assam Bihar Chhattisgarh Goa Gujarat Haryana Himachal Pradesh Jammu and Kashmir Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Manipur Meghalaya Mizoram Nagaland Orissa Punjab Rajasthan Sikkim Tamil Nadu Tripura Uttar Pradesh Uttaranchal West Bengal • 43 cities in India have a population of 1mn+ • Cities in India are classified on the basis of cost of living. • 5 Metros including Mumbai, Delhi, Chennai, Kolkata, Bengaluru • 8 Tier 1 (+5 million ) cities including Pune, Ahmedabad • 22 Tier 2 cities (1 million to 5 million ) including Patna, Kochi, Rajkot, Madurai etc. • 41 Tier 3 cities (less then 1 million ) including Ranchi, Mangalore, Gwalior, Roorkee etc. India - Snapshot Population growth 1.4% p.a Land area 3.29 mn sq km Population density 324 persons per sq km Form of government Democracy Number of states 29 states & 6 union territories Capital New Delhi Per capita income Nominal: INR 68,747 p.a Religion 6 main religions Languages Hindi (national language), English (business language), 22 (official languages) Currency Rupees Exchange rate (INR to USD) 1 INR = USD 0.016 (as on 7 Nov, 2013) Rural-urban mix 68% people reside in rural areas Households 246 mn Literacy rate 74.04% Mumbai Pune Hyderabad Bangalore Jaipur New Delhi Kolkata Chennai Ahmadabad West North South East Source: Government websites Lucknow Nagpur Patna Surat Metro cities Tier-I cities Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved India Fact File
  3. 3. 3 Preface to the Report Who is the Reader?  Participants or stakeholders in the switchgear and control gear industry would benefit from this report  The report will also help analysts, industry experts or any person looking for an understanding of the switchgear and control gear industry Purpose of the Report  The report gives insights on how the switchgear and control gear industry is expected to grow in the coming years till 2017. It is aimed at providing intelligent and actionable insights on the drivers and challenges for the industry, the proposed government and policy initiatives, their subsequent impact on the industry, and key segmentation i.e. by end users and by geography  Another important aspect of the report is the profiles of the top industry players in switchgear and control gear in India Scope of the Report  This report looks at the current scenario for switchgear and control gear industry in India. It also outlines latest technology updates, industry trends and industry analysis etc.  The report does not cover electrical equipment used for generation and transmission of power, such as generators, boilers, turbines, transformers, electric switches, cables & wires etc Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved TOC Market Overview Appendix Industry Trends Competitive Environment Industry Structure Executive Summary Drivers & Inhibitors Government Initiatives Industry Analysis
  4. 4. Table of contents 4 Executive Summary Slide 7 1 Industry Structure 1.1 Switchgear & control gear industry structure Slide 9 1.2 Industry definition Slide 10 1.3 Industry classification Slide 12 1.4 Industry process/ supply chain Slide 13 2 Market Overview Slide 14 2.1 Market Size & Growth Slide 15 2.2 Market segmentation: 2.2.1 -By Import and domestic production Slide 16 2.2.2 - by Organized and unorganized Slide 17 2.2.3 -by Product Slide 18 2.2.3.1 - Low Voltage Slide 19 2.2.3.2 - Medium & High Voltage Slide 20 2.2.4 - by End-user segmentation Slide 21 2.3 Geographical Analysis Slide 22 3 Drivers & Inhibitors Slide 23 3.1 Driver 1: Increase in planned capacity addition in power segment Slide 25 3.2 Driver 2: Adoption of New technology Slide 26 3.3 Driver 3: Investment in infrastructural and industrial segments Slide 27 3.4 Driver 4: Increase in demand for residential and commercial segment Slide 28 3.4 Inhibitor 1: Cheap imports and projects imports Slide 29 3.5 Inhibitor 2: Non compliance to international specification and design of switchgear Slide 30 3.6 Inhibitor 3: Failure to achieve power targets and delay in project execution Slide 31 Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved TOC Market Overview Appendix Industry Trends Competitive Environment Industry Structure Executive Summary Drivers & Inhibitors Government Initiatives Industry Analysis
  5. 5. Table of contents 5 4 Government Initiatives & Policies Slide 33 5 Industry Trends Slide 35 6 Industry Analysis Slide 36 7 Competitive Environment Slide 39 7.1 List of Players in the Industry Slide 40 7.2 Competitor benchmarking Slide 41 7.3 Complete Profiles: 7.3.1 ABB Ltd Slide 42 7.3.2 Alstom T&D India Limited Slide 44 7.3.3 Bharat Heavy Electricals Ltd Slide 46 7.3.4 Crompton Greaves Ltd Slide 48 7.3.5 Schneider Electric India Limited Slide 50 8 Appendix Slide 52 8.1 Research methodology Slide 53 8.2 Abbreviations, Bibliography & Glossary Slide 54 Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved TOC Market Overview Appendix Industry Trends Competitive Environment Industry Structure Executive Summary Drivers & Inhibitors Government Initiatives Industry Analysis
  6. 6. 6 ListofCharts&Tables Chart 1 Supply-chain in Indian Switchgear and control gear Industry Slide 13 Chart 2 Share of distribution in Electrical Equipment industry in 2013 – India (in %) Slide 15 Chart 3 Market size and growth of switchgear & control gear(INR billion) Slide 15 Chart 4 Domestic production and imports of switchgear (by value Slide 16 Chart 5 Share between Organized and Unorganized market (by value) Slide 17 Chart 6 Market segmentation of switchgear industry in 2013 (by value) Slide 18 Chart 7 Market segmentation of switchgear industry in 2017 (by value) Slide 18 Chart 8 LV switchgear growth in India (INR billion) Slide 19 Chart 9 Market Segmentation of LV switchgear (by value) Slide 19 Chart 10 MV & HV switchgear growth in India (INR billion) Slide 20 Chart 11 Market Segmentation of MV & HV switchgear (by value) Slide 20 Chart 12 End-user segmentation of switchgear and control gear in 2013 (By Value) Slide 21 Chart 13 Market size for switchgear by geography – by value (2013) Slide 22 Chart 14 Demand Projection for residential space across top 7 Indian cities ('000 units) Slide 28 Chart 15 Demand Projection for commercial space across top 7 Indian cities ('000 units) Slide 28 Chart 16 Imports of switchgear in India (INR bn) Slide 29 Chart 17 Planned V/s Actual Capacity power addition in five year plans Slide 31 Chart 18 Annual Turnover of ABB (INR bn) Slide 43 Chart 19 Annual Turnover of Alstom (INR bn) Slide 45 Chart 20 Annual Turnover of BHEL (INR bn) Slide 47 Chart 21 Annual Turnover of CG (INR bn) Slide 49 Chart 22 Annual Turnover of Schneider(INR bn) Slide 51 Table 1 Segmentation of switchgear industry Slide 12 Table 2 Planned capacity additions during the five year plans (MW) Slide 25 Table 3 List of Government Initiatives Slide 27 Table 4 Competitive benchmarking of top players in India Slide 41 Table 5 Financial indicators of ABB Slide 43 Table 6 Financial indicators of Alstom Slide 45 Table 7 Financial indicators of BHEL Slide 47 Table 8 Financial indicators of CG Slide 49 Table 9 Financial indicators of Schneider Slide 51 Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved TOC Market Overview Appendix Industry Trends Competitive Environment Industry Structure Executive Summary Drivers & Inhibitors Government Initiatives Industry Analysis
  7. 7. Switchgear Industry ValueNotes India Market Intelligence Dashboard Market share of top 5 firms = 60% Output in organised Sector = 75% Organised SectorConcentration Macro Data: Market size, growth, market shares of key players, customer segments, key industry metrics Micro Data: Segmental market size & growth, financials of key players Completeness: All data points is available Quality: Accuracy of data Recency: Latest period data is available Source of Data Data Availability Industry Structure Bureau of Energy Efficiency (BEE), Central Electricity Authority of India (CEA) Electrical India, Company websites, News Articles Indian Electrical and Electronics Manufacturers Association (IEEMA), Control Panel Switchgear Manufacturers Association in India (COSMA) Copyright © 2014 ValueNotes Database Pvt Ltd. All rights reserved. www.valuenotes .biz 2014 Government Bodies Completeness Quality Recency Macro Data Micro Data
  8. 8.  Various policy changes are expected to impact the switchgear and control gear market in India These are:  De-licensing of electrical equipment sector  Expansion and modernization of ‘Transmission and Distribution’ sector  Significant Special Economic Zones (SEZs) have received clearances for the engineering sector Market Size And Growth Drivers and Challenges Industry Scenario  The switchgear and control gear industry in India is currently valued at ~INR 135bn (FY 2013) and has been growing at ~15% for the last 3 years  The industry is expected to grow at a CAGR of 12% till 2017, mainly due to nationwide expansion and modernization of ‘Transmission and Distribution’ (T&D) sector. ValueNotes estimates that the switchgear industry in India will reach ~INR 215bn by 2017  Government investments and capacity addition plans in the power sector are likely to drive switchgear industry growth in India  Increase in low quality and low-priced imports from countries like China and Taiwan is a major detriment to the growth of the Indian switchgear and control gear market  Organized sector dominates the Indian switchgear and control gear market and is likely to continue to dominate till 2017  Low Voltage (LV) switchgear constitutes a higher market share compared to medium voltage (MV) and high voltage (HV)  Lack of level playing field to the domestic switchgear manufacturers has led to constant rise in imports from countries like China, Germany and Korea Policy Changes 8 ExecutiveSummary Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved TOC Market Overview Appendix Industry Trends Competitive Environment Industry Structure Executive Summary Drivers & Inhibitors Government Initiatives Industry Analysis
  9. 9. Appendix Picture Courtesy: www.info.wowlogistics.com
  10. 10. 10 ResearchMethodology ValueNotes carries out industry studies designed around optimal use of secondary (desk) research technique to gain maximum intelligence with specific insights and information. The steps carried out for “Switchgear and Control gear Industry in India”  Secondary research: Intensive secondary research sources include, but are not limited to, • Print and online business publications • Analyst reports • Press releases • Trade publications  Market analysis: Triangulation method is adopted to validate data points from the supply side, demand side, industry reports and trade publications  News Releases/Publications include: • Electrical Monitor • IEEMA Journals • Indian Brand Equity Foundation • Control Panel and Switchgear Manufacturers Association (COSMA) The list of publications is not exhaustive Switchgear & control gear in India Government Websites & Publications Industry Associations Publications & News Releases Press Releases & Publications by Industry Players Industry Reports/ Trade Publications ValueNotes is a full-service market and business research firm. Since 2000, we have helped customers, in India and around the globe, make better business decisions by providing actionable intelligence. Our customized research solutions, by way of projects and continuing engagements, have helped serve specific business needs - market entry strategy, choice of location, partner selection, competitive intelligence, investment appraisal, due diligence, and customer need analysis. Over the years, ValueNotes has developed considerable domain knowledge in a variety of sectors and industries. More important, we understand how to develop and deploy appropriate research methodologies best suited for diverse markets. We've developed proprietary research methods to deal with unorganized, information-scarce markets; and analytical techniques to triangulate, validate and correlate incomplete or unrelated information About ValueNotes Research Methodology Applied Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved TOC Market Overview Appendix Industry Trends Competitive Environment Industry Structure Executive Summary Drivers & Inhibitors Government Initiatives Industry Analysis
  11. 11. NSE National Stock Exchange SEZ Special Economic Zones tn Trillion bn Billion AT&C Aggregate Technical and Commercial USD US Dollar 11 Abbreviations&Bibliography Abbreviations LV Low Voltage MV Medium Voltage HV High Voltage BSE Bombay Stock Exchange FDI Foreign Direct Investment FY financial year (with reference to Financials/ Market Value) GDP Gross Domestic Product INR Indian Rupee mn Million BHEL Bharat Heavy Electrical Limited T&D Transmission and Distribution R&D Research and Development OEM Original Equipment Manufacturer EPC Engineering, Procurement and Contract CAGR Compound Annual Growth Rate R-APDRP Restructured Accelerated Power Development & Reforms Programme RGGVY Rajiv Gandhi Grameen Vidyutikaran Yojana IEEMA Indian Electrical Equipments Manufacturer’s Association MW Mega Watt GOI Government of India Electrical Machinery, IBEF Countering the end-of-line challenges, Electrical Monitor Opportunities and challenges in the switchgear industry, Electrical Monitor Upgrading India’s Testing Facilities is top priority, Electrical Monitor Control panel and switchgear industry is growing yet slow, Electrical and Power Review Indian Capital Goods Industry - A Sector Study, EXIM Bank of India Indian Switchgear And control gear Industry-waiting To Takeoff, IEEMA Bibliography ValueNotes conducted secondary research to obtain information on Warehousing industry in India and referred to following sources: Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved TOC Market Overview Appendix Industry Trends Competitive Environment Industry Structure Executive Summary Drivers & Inhibitors Government Initiatives Industry Analysis
  12. 12. 12 Glossary Indian Electrical and Electronics Manufacturers' Association (IEEMA) IEEMA is a national representative organization of manufacturers of electrical, industrial electronics and allied equipment in India Kilovolt (kV) A unit of potential equal to a thousand volts Mega Watt (MW) A megawatt is a unit for measuring power that is equivalent to one million watts CompoundAnnual Growth Rate (CAGR) The year-over-year growth rate of an investment over a specified period of time RestructuredAccelerated Power Development& Reforms Programme (RAPDRP) Re-structured APDRP was approved as central sector scheme with focus actual, demonstrable performance in terms of Aggregate Technical and Commercial (AT&C) loss reduction Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) is a program launched by power ministry in March 2005 with the objective of electrifying over one lakh un- electrified villages and to provide free electricity connections to 2.34cr rural below poverty line households. Special Economic Zones( SEZ) A Special Economic Zone (SEZ) is a geographical region that is designed to export goods and provide employment Engineering, Procurement, Construction (EPC) EPC is a prominent form of contracting agreement in the construction industry Systems integrator (SI) A systems integrator is a person or company that specializes in bringing together component subsystems into a whole and ensuring that those subsystems function together. Original equipment manufacturer (OEM) An organization that makes devices from component parts bought from other organizations KEMA KEMA is a is a global energy consultancy company that offers management consulting, technology consulting & services to the energy value chain that include business and technical consultancy, operational support, measurements & inspection, and testing & certification services. National Environment ManagementAuthority (NEMA) The National Environment Management Authority (NEMA) is a government agency responsible for the management of the environment, and the environmental policy. CE marking The CE marking or formerly EC mark, is a mandatory conformity marking for products sold in the European Economic Area (EEA. Aggregate Technical and Commercial Losses (AT & C Losses) Aggregate Technical and Commercial Losses(AT & C Losses) is the sum total of technical loss, commercial losses and shortage due to non-realization of total billed amount SF6 A circuit breaker in which the current carrying contacts operate in Sulphur Hexafluoride or SF6 gas is known as an SF6 Circuit Breaker Glossary Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved TOC Market Overview Appendix Industry Trends Competitive Environment Industry Structure Executive Summary Drivers & Inhibitors Government Initiatives Industry Analysis
  13. 13. As an analyst at ValueNotes, Tejaswee has worked on opportunity assessment studies in manufacturing & engineering sector where she has been involved in the formulating recommendation and entry strategies. Her main focus of studies at ValueNotes has been customer engagement studies in various industries such as lighting and engineering industries. Her projects also include due diligence and industry tracking. She also is a regular writer for ValueNotes where she contributes actively to blogs and articles. reports@valuenotes.co.in | +91 20 6623 1743 www.indianotes.com Indian Markets www.sourcingnotes.com Outsourcing Intelligence www.valuenotes.biz Research & Consulting ValueNotes Database Pvt Ltd 1 Bhuvaneshwar Society, Abhimanshree Road Pashan, Pune 411 008, Maharashtra, India Other Industry Reports by ValueNotes: 1. Warehousing industry in India 2. Cold Chain Industry in India 3. Lighting industry in India Disclaimer: This short industry report is published for general information only. Although high standards have been used in the preparation, ValueNotes is not responsible for any loss or damage arising from use of this report. The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavor to update the information herein on reasonable basis, ValueNotes is under no obligation to update or keep the information current. This report is the sole property of ValueNotes and must not be copied, either in whole or in part, or distributed or redistributed to any other person in any form. In case of any queries, mail us at research@valuenotes.co.in About the author:
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