Issuu on Google+

2009

India Electrical Equipment Sector: Analysis & Future Forecast

Publisher: Renub Research Published: November, 2009


Report Details Renub Research report titled “India Electrical Equipment Sector: Analysis & Future Forecast” offers a comprehensive guide to the size and shape of the electrical market at global 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. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, format trends or distribution 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, LT Circuit Breaker, HT Circuit Breaker, Surge Arrester, Voltage Transformer, Current Transformer, Power Transformer, Energy Meters, Motor Stamping, Transformer Laminations, Transmission Line Tower, Miniature Circuit Breaker, Power Cables India 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, Liquid Dilectric Transformers-above 650 kVA, Power Capacitors, HV Breakers, LT Fuses-all Types, Air Circuit Breakers, Moulded case Circuit Breakers, Miniature Circuit Breakers, Other Automatic Circuit Breakers, MCC, PCC & Switchboard/Panels for voltage not exceeding 1,000 V, MCC, PCC & Switchboard/Panels for voltage exceeding 1,000 V, Halogen Lamps, Compact Flourecent Lamps, Mercury Vapour, Sodium Discharge, Metal Halid Gas Discharge Lamps, LV Cables, HV Cables, Electrical Insulators of Ceramics-Procelain disc/post/pin, Electrical Insulators of Other Material, Electricity Energy Meters, Measuring insurments like Ammeters, Voltmeters, Capacitance Meters, Transmission Line Towers

© Renub Research

Page 2 of 9


Market Overview India’s vibrant economy needs matching improvements in the infrastructure. Power sector will play important role in the economic development and hence need focused attention. But due to global economic crisis India electrical equipment half yearly growth registered in 200809 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 has been 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 expedite power sector development such as Rajiv Gandhi Gramin Vidyutikaran Yogna (RGGVY). All these initiatives provide loads of investment opportunities to FIIs and other investors. The power sector reforms if implemented as scheduled will create large business for power sector equipment manufacturers and service providers. In India electrical sector export in the past 3 years (2004-05 to 2007-08) has grown with much higher CAGR of 57.28 percent compared to 32.25 percent for the period of 1995-96 to 2007-08. We can expect a continuous handsome growth for this sector for at least next five years and it is expected to cross INR 400 Billion by 2013. Research Highlights 

Due to financial crisis global electrical equipment market has fallen by 2.02 percent in 2008 compared to previous year 2007.

In 2008 Power Cables and Switchgear together controls 60 percent of the market share in global electrical equipment market.

India electrical sector exports have grown with a 40 percent in 2007-08 to compared previous year 2006-07.

Due to economic slowdown India electrical sector has shown a decline of 6.04 percentage points for the half-yearly 2008-09 compared to half-year 2007-08.

Despite India electrical sector negative growth Voltage transformers and Power transformers has shown a growth of 28.6 and 25.7 percent respectively for the year 2008-09 compared to 2007-08.

© Renub Research

Page 3 of 9


Key Players This section provides the overview and key financials of prominent players in the “India Electrical Equipment Industry: Analysis & Future Forecast” such as, Bharat Heavy Electricals Limited (BHEL), Crompton Greaves Ltd., ABB Ltd. India

, Alstom Limited India

Data Sources Information and data in this report has been collected from various printable and nonprintable sources like Magazines, Newspapers, Trade Journals, White papers, Online paid databases, News websites Government Agencies and Trade associations.

© Renub Research

Page 4 of 9


Table of Contents 1.

Executive Summary

2.

Global Electrical Equipment Market

3.

India Electrical Equipment Industry

4.

5.

6.

3.1

Production Statistics of Major Electrical Equipment

3.2

India - Electrical Sector Exports & Imports (27 Major Electrical Equipments)

3.2.1

Export of Electrical Equipments

3.2.2

Import of Electrical Equipments

Porters Five Forces Analysis of the Sector 4.1

Strength of Buyer Power

4.2

Strength of Supplier Power

4.3

Likelihood of New Entrants

4.4

Threat of Substitute

4.5

Degree of Rivalry

Government and Regulation of the Industry 5.1

Inclusion of Power Sector for Infrastructure Facility

5.2

Tax benefits to Rajiv Gandhi Gramin Vidyutikaran Yogna (RGGVY)

5.3

Merit rate of Excise Duty for Power Generation, Transmission & Distribution Equipments

5.4

Fiscal Incentives to all Power Projects

5.5

Development of Merchant Power Plants

5.6

Import versus Domestic Manufacturing

5.7

Import Duty on Steel and unavailability of CRGO

5.8

Service tax

5.9

Deemed Exports at par with Physical Exports

5.10

WTO Compliant Incentives

5.11

Simplification of Procedures

Concerns of the Industry (Challenges) 6.1

Incomplete Infrastructure Status to Power Sector

Š Renub Research

Page 5 of 9


7.

8.

6.2

Inadequate Supply of Cold Rolled Grain Oriented (CRGO) Electrical Steel

6.3

Inadequate use of Price Variation Clause

Recent activities like Mergers & Acquisitions in the Industry 7.1

Schneider Electric India acquires Meher Capacitors

7.2

Controls & Switchgear acquires Controls & Switchgear Gewiss India

7.3

ICSA India acquires meter assets of ECE Industries

7.4

Some more recent Mergers & Acquisitions and PE activity in Electrical Sector

Key Companies 8.1

Bharat Heavy Electricals Limited (BHEL)

8.2

Crompton Greaves Ltd.

8.3

ABB Ltd. India

8.4

Alstom Limited India

Š Renub Research

Page 6 of 9


Order Form Scan and e-mail this page to info@renub.com, alternatively one can also write the Contact Information in an e-mail and mail it. Else you can also fax this form to +91-120-424-9780 Questions? Please call +91-120-421-9822 (India), +1-678-302-0700 (USA) or mail to info@renub.com

Format Report Title: India Electrical Equipment Sector: Analysis & Future Forecast

Single User (Email from Publisher) US$ 750

Hard Copy (Mail Delivery) US$ 850

CD – Rom (Mail Delivery) US$ 850

Global Site License (Multiple User License) US$ 1,100

For ordering this report: Three easy ways to place your order: 1) Order online by Credit Card (Visa, MasterCard, etc.): http://www.renub.com/report/india-electrical-equipment-sector-analysis-future-forecast-17 2) Order by Wire Transfer: http://www.renub.com/report/wiretransfer.aspx?id=17&pid=1067

To pay by Wire Transfer, please, fill in your contact details in the form below:

Š Renub Research

Page 7 of 9


Bank Details Account Name: Renub Research A/C No.: 109102000023296 Name of Bank: IDBI Bank Ltd. Swift Code: IBKLINBB010 Bank Address: 4th Floor Indian Red Cross Building 1 Red Cross Road Opposite Parliament Street New Delhi – 110001 India

Contact Information First Name:

Last Name:

Email: Job Title: Company: Address: City: Postal/Zip Code: Country: Phone: Mobile: Fax: Report Format: Your message:

© Renub Research

Page 8 of 9


3) Order by Check Please post the check accompanied by this form, to: Company Address: Renub Research 1st Floor C-86, Sector -10 Noida - 201301 Uttar Pradesh India Phone: +91-120-421-9822, 424-9780

For free Sample copy report or to view any of our sample work please contact us at info@renub.com or call +91-120-421-9822 (India), +1-678-302-0700 (USA)

Follow Us Facebook: http://www.facebook.com/pages/Renub-Research/233380966701090 LinkedIn: http://www.linkedin.com/company/renub-research Twitter: http://twitter.com/RenubResearch

Š Renub Research

Page 9 of 9


India electrical equipment sector analysis & future forecast