India electrical equipment sector analysis & future forecast


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India electrical equipment sector analysis & future forecast

  1. 1. 2009India Electrical Equipment Sector:Analysis & Future ForecastPublisher: Renub ResearchPublished: November, 2009
  2. 2. © Renub Research Page 2 of 9Report DetailsRenub Research report titled “India Electrical Equipment Sector: Analysis & FutureForecast” offers a comprehensive guide to the size and shape of the electrical market atglobal and India level. It provides the latest electrical equipment production data (2004-05 –2008-09), allowing you to identify the sectors driving growth. This report also covers data for(2007-08 & 2008-09) of 27 major electrical equipments exports & imports of India. Itidentifies the leading companies, the leading brands and offers strategic analysis of keyfactors influencing the market - be they new product developments, format trends ordistribution issues. Forecasts to 2013 illustrate how the market is set to change.India Electrical Equipment Production - Product Coverage:LT Motors, HT Motors, LT Capacitors, HT Capacitors, Switch Fuse & Fuse Switch Unit, LTCircuit Breaker, HT Circuit Breaker, Surge Arrester, Voltage Transformer, CurrentTransformer, Power Transformer, Energy Meters, Motor Stamping, Transformer Laminations,Transmission Line Tower, Miniature Circuit Breaker, Power CablesIndia Electrical Equipment - Product Coverage Exports & Imports:Steeper, Micro, Wiper Motors etc., DC Motors & Generators, FHP Motors, AC Motors,Generating sets with Diesel Engines, Liquid Dielectric Transformers- up to 650 KVA, LiquidDilectric Transformers-above 650 kVA, Power Capacitors, HV Breakers, LT Fuses-all Types, AirCircuit Breakers, Moulded case Circuit Breakers, Miniature Circuit Breakers, Other AutomaticCircuit Breakers, MCC, PCC & Switchboard/Panels for voltage not exceeding 1,000 V, MCC,PCC & Switchboard/Panels for voltage exceeding 1,000 V, Halogen Lamps, CompactFlourecent Lamps, Mercury Vapour, Sodium Discharge, Metal Halid Gas Discharge Lamps, LVCables, HV Cables, Electrical Insulators of Ceramics-Procelain disc/post/pin, ElectricalInsulators of Other Material, Electricity Energy Meters, Measuring insurments like Ammeters,Voltmeters, Capacitance Meters, Transmission Line Towers
  3. 3. © Renub Research Page 3 of 9Market OverviewIndia’s vibrant economy needs matching improvements in the infrastructure. Power sectorwill play important role in the economic development and hence need focused attention. Butdue to global economic crisis India electrical equipment half yearly growth registered in 2008-09 is down to 8.57 percent from 14.6 percent of the previous financial year (2007-08).However, India posted a positive growth compared with global growth where the growth hasbeen negative a fall of 2.2 percent in 2008 compared to 2007.Ministry of Power - India has taken number of legislative and policy initiatives to expeditepower sector development such as Rajiv Gandhi Gramin Vidyutikaran Yogna (RGGVY). Allthese initiatives provide loads of investment opportunities to FIIs and other investors. Thepower sector reforms if implemented as scheduled will create large business for power sectorequipment manufacturers and service providers. In India electrical sector export in the past 3years (2004-05 to 2007-08) has grown with much higher CAGR of 57.28 percent compared to32.25 percent for the period of 1995-96 to 2007-08. We can expect a continuous handsomegrowth for this sector for at least next five years and it is expected to cross INR 400 Billion by2013.Research Highlights Due to financial crisis global electrical equipment market has fallen by 2.02 percent in2008 compared to previous year 2007. In 2008 Power Cables and Switchgear together controls 60 percent of the market sharein global electrical equipment market. India electrical sector exports have grown with a 40 percent in 2007-08 to comparedprevious year 2006-07. Due to economic slowdown India electrical sector has shown a decline of 6.04percentage points for the half-yearly 2008-09 compared to half-year 2007-08. Despite India electrical sector negative growth Voltage transformers and Powertransformers has shown a growth of 28.6 and 25.7 percent respectively for the year2008-09 compared to 2007-08.
  4. 4. © Renub Research Page 4 of 9Key PlayersThis section provides the overview and key financials of prominent players in the “IndiaElectrical Equipment Industry: Analysis & Future Forecast” such as, Bharat Heavy ElectricalsLimited (BHEL), Crompton Greaves Ltd., ABB Ltd. India , Alstom Limited IndiaData SourcesInformation and data in this report has been collected from various printable and non-printable sources like Magazines, Newspapers, Trade Journals, White papers, Online paiddatabases, News websites Government Agencies and Trade associations.
  5. 5. © Renub Research Page 5 of 9Table of Contents1. Executive Summary2. Global Electrical Equipment Market3. India Electrical Equipment Industry3.1 Production Statistics of Major Electrical Equipment3.2 India - Electrical Sector Exports & Imports (27 Major Electrical Equipments)3.2.1 Export of Electrical Equipments3.2.2 Import of Electrical Equipments4. Porters Five Forces Analysis of the Sector4.1 Strength of Buyer Power4.2 Strength of Supplier Power4.3 Likelihood of New Entrants4.4 Threat of Substitute4.5 Degree of Rivalry5. Government and Regulation of the Industry5.1 Inclusion of Power Sector for Infrastructure Facility5.2 Tax benefits to Rajiv Gandhi Gramin Vidyutikaran Yogna (RGGVY)5.3 Merit rate of Excise Duty for Power Generation, Transmission & Distribution Equipments5.4 Fiscal Incentives to all Power Projects5.5 Development of Merchant Power Plants5.6 Import versus Domestic Manufacturing5.7 Import Duty on Steel and unavailability of CRGO5.8 Service tax5.9 Deemed Exports at par with Physical Exports5.10 WTO Compliant Incentives5.11 Simplification of Procedures6. Concerns of the Industry (Challenges)6.1 Incomplete Infrastructure Status to Power Sector
  6. 6. © Renub Research Page 6 of 96.2 Inadequate Supply of Cold Rolled Grain Oriented (CRGO) Electrical Steel6.3 Inadequate use of Price Variation Clause7. Recent activities like Mergers & Acquisitions in the Industry7.1 Schneider Electric India acquires Meher Capacitors7.2 Controls & Switchgear acquires Controls & Switchgear Gewiss India7.3 ICSA India acquires meter assets of ECE Industries7.4 Some more recent Mergers & Acquisitions and PE activity in Electrical Sector8. Key Companies8.1 Bharat Heavy Electricals Limited (BHEL)8.2 Crompton Greaves Ltd.8.3 ABB Ltd. India8.4 Alstom Limited India
  7. 7. © Renub Research Page 7 of 9Order FormScan and e-mail this page to, alternatively one can also write the ContactInformation in an e-mail and mail it. Else you can also fax this form to +91-120-424-9780Questions? Please call +91-120-421-9822 (India), +1-678-302-0700 (USA) or mail toinfo@renub.comFormatReport Title: India Electrical Equipment Sector: Analysis & Future ForecastSingle User(Email from Publisher)Hard Copy(Mail Delivery)CD – Rom(Mail Delivery)Global Site License(Multiple User License)US$ 750 US$ 850 US$ 850 US$ 1,100For ordering this report: Three easy ways to place your order:1) Order online by Credit Card (Visa, MasterCard, etc.): Order by Wire Transfer: pay by Wire Transfer, please, fill in your contact details in the form below:
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