HIGH PRIORITY MARKET- POWER
ADVANTAGE INDIA
2013
Market Size: USD24 billion
Growing demand
Ÿ Power demand is estimated to reach 350,000 MW by 2022.
Ÿ Government programmes, aimed at providing electricity to over 100,000 rural areas and 22.6 million households below poverty line, would also boost demand for power.
Ÿ Per capita consumption crossed 1000 units in 2014-15 as compared to 957 in 2013-14.
2022E
Market size: USD260 to 300 billion
Attractive opportunities
Ÿ Planned power capacity addition of around 188,500 MW by 2022 would provide significant opportunities.
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Replacement or brownfield expansion could provide significant opportunities as well.
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Higher investments
The sector has witnessed increasing entry of global players through the JV route.
Existing players are planning huge capacity expansion over the next few years.
22,566 MW of generating capacity have been added during April 2014 to March 2015 which was exceeding the target of 17, 830 MW.
Policy support
Ÿ Electrical machinery sector is de-licensed; 100 per cent FDI is permitted.
Ÿ Significant number of SEZs have been approved for the sector. Ÿ
Due to policy support, cumulative FDI of USD4.0 billion( around 1.6 per cent of total FDI inflows) has flown into the country between April 2000 to May 2015.
Source: Government of India, Ministry of Heavy Industries, UjwalBharat, TechSci Research Notes: FDI-Foreign Direct Investment, FY-Indian Financial Year( April-March), USD-US dollar, EPCG-Export Promotion Capital Goods
Scheme, EHTP-Electronic Hardware Technology Park, SEZ-Special Economic Zone, CAGR-Compound Annual Growth Rate, E-Estimated
ELECTRICAL MACHINERY HAS THREE MAJOR SEGMENTS
Electrical machinery
Generation machinery
Transmission machinery
Distribution machinery
Boilers Transformers
Switch gears
Turbines Control gears
Generators
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