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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