HIGH PRIORITY MARKET- POWER
BTG MARKET IS EXPERIENCING STRONG GROWTH IN THE COUNTRY
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The Generation Equipment market is expected to expand at a CAGR of 12.7 percent over FY 12 – 22.
Market size of generation machinery( USD billion) 25.1
CAGR: 14.5 %
12.4
6.5
FY12 FY17E
FY22E
Source: Government of India, Ministry of Heavy Industries, Draft Indian Electrical Equipment Industry Mission Plan( 2012-2022), TechSci Research
Note: CAGR-Compound Annual Growth Rate
Generation machinery market break-up( FY12 *)
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Boilers is the major segment, accounting for 62.9 percent of the total industry in FY12.
Turbines accounted for 27.4 percent, whereas generators made-up the remaining 9.7 percent.
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27.4 % |
9.7 % |
62.9 % |
Boilers
Turbines
Generators
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Source: Draft Indian Electrical Equipment Industry Mission Plan( 2012-2022), TechSci Research Note *-As per the Latest Data Available
OTHER MAJOR SEGMENTS – TRANSMISSION AND DISTRIBUTION MACHINERY
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Manufacturing of transformers recorded a CAGR of 9.6 percent during FY 08 – 11.
As per the latest data available during FY 12 – 22, the size of transformers industry is expected to expand at a CAGR of 15.7 percent to USD 11.1 billion.
Domestic transformer industry has the capability to manufacture the whole range of power and distribution transformers, including transformers used for HVDC transmission up to 500KV.
Production of transformers( million KVA) Transformers market size( USD billion)
70.3 71.9 |
CAGR: 9.6 %
85.2
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96.6 |
105.4 |
CAGR: 15.7 % |
11.1 |
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5.9 |
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2.6 |
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FY08 FY09 FY10 FY11 FY12 |
FY12 |
FY17E |
FY22E |
Source: Department of Heavy Industry Annual report 2011-12, Draft Indian Electrical Equipment Industry Mission Plan( 2012-2022), SIA, TechSci Research Notes: * Data for FY12 is up to Feb 2012, HVDC is High Voltage Direct Current, KVA-Kilo Volt Ampere
Spotlight on Indian Electronics 2016 | 159