2014-01-09 05:37:02 - Switchgear & Control Gear Industry in India - 2013-2017 - a new market research report on companiesandmarkets.com
India is the fifth largest producer and consumer of electricity in the world, but according to the 11th five year plan, the country was only able to achieve 69% of the planned capacity of 78,700 MW. In order to overcome this demand and supply deficit, the Indian government has gradually increased the planned capacity addition in the years to come. The rising demand in the power capacity addition is marginally boosting the demand for distribution machinery such as switchgears and control gears.The switchgear and control gear industry in India is currently valued at INR 135bn (US$2 billion) in FY 2013 and has been growing at 15% for the last three years.It is estimated that the Indian switchgear and control gear
industry will be worth approximately INR 215bn (US$3.5 billion) by FY 2017, growing at a diminished 10% CAGR.Low voltage switchgears, which account for more than 55% of the total market, has a higher share of unorganized players and it is anticipated to increase in the coming years. The forward integration of these unorganized players to medium and high voltage segments can lead to an increase in the unorganized market share in these segments too, which is currently dominated by five or six players.
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