2013-01-11 11:09:50 - As per a recent report by RNCOS, the demand for boilers is anticipated to grow at a CAGR of around 7.3% during 2011-12 and 2014-15.
Boilers, which are used to generate electricity, are in high demand with the intensification of the Power Industry in India. Over the past few years, the power industry of the country has been growing at a fast pace, mainly due to the strong demand generated from the growing population. As the demand is expected to escalate more in the coming years, a large number of new power plants have been announced by the Government in the Twelfth Five-Year Plan that will result into high demand of boilers.
In the coming years, several million MW of capacity is expected to be added either as new power plants or the expansion of the existing ones. The power generation capacity is additionally acting as
a driver for the Electrical Equipment Industry, such as boilers as it has increased their demands manifolds. Ageing power plants in India are further expected to create opportunities for boiler manufacturers in the country. As per our analysis, the demand for boilers is anticipated to grow at a CAGR of around 7.3% during 2011-12 and 2014-15. The large demand for boilers is making India an attractive market for the manufacturers. Subsequently, the Indian boiler market is witnessing significant investment from foreign players who have set up their manufacturing facilities in India.
Further, the report, “Indian Power Sector - New Opportunities for Growth”, is authored to evaluate the Indian power sector in detail. Apart from boilers, the report studies other major electrical equipment industries comprehensively and provides future forecast of their market till 2014-15. In order to assess the Indian power sector’s status in near future, the report provides state-wise forecast of power demand along with the list of upcoming and under construction power plants that will be operational in the coming few years. The research also includes the regulatory framework of Indian Power Industry. In this way, our report depicts the most unbiased picture of the power sector in India that will prove decisive for the clients.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM454.htm
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