HIGH PRIORITY MARKET- POWER
OTHER MAJOR SEGMENTS – TRANSMISSION AND DISTRIBUTION MACHINERY
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The production of switch and control gears has expanded at a CAGR of 6.9 percent during FY 08 – 11. During FY12 – 22, the size of switch & control gears industry is expected to expand at a CAGR of 15.2 percent to USD 8.2 billion. The switch gear industry in India manufactures the entire voltage range from 240 KV to 800 KV. Significant advances have been made in control gears due to major developments in the field of technology.
Production of switch & control gears( million units) Market size of switch & control gears( USD billion)
18.9 |
17.8
CAGR: 6.9 %
18.1
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23.1 |
CAGR: 15.2 %
4.4
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8.2 |
2
FY08 FY09 FY10 FY11
FY12 FY17E FY22E Source: Department of Heavy Industry Annual Report 2011-12, TechSci Research
ELECTRICAL MACHINERY EXPORTS ON A RISE
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Exports of electrical machinery rose to USD5.3 billion in FY15 from USD4.8 billion in FY14 with a CAGR 2.06 between 2009-15. As on May’ 15, total exports in electrical machinery stood at USD648.7 million.
Boilers & parts and electrical wires and cables were the primary drivers of the increase in exports.
Indian manufacturers with capacity and advanced technology in industry export a wide array of equipment, including transformers and cables.
Exports of electrical machinery( USD billion) |
4.7 |
4.7 |
4.9 |
4.8 |
5.3 |
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3.9 |
4.1 |
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FY09 |
FY10 |
FY11 |
FY12 |
FY13 |
FY14 |
FY15 |
Source: Engineering Exports Promotion Council( EEPC) India Note: Export data Includes-Boiler & Parts, Electric Power Equipments & Parts, Electric Wires & Cables and Transmission Line Towers & Parts
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Exports of electrical power equipment & parts worth USD2.5 billion in FY14 accounted for the largest share of electrical machinery exports. |
Break-up of exports of electrical machinery and related items by segment( FY14) |
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Exports of electric wires & cables worth USD659.4 million accounted for 17.0 per cent of electrical machinery exports.
Exports of boilers & parts and transmission line towers & parts were worth USD579.3 million and USD234.9 million, respectively.
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17 %
14 %
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6 % |
63 % |
Electric power equipment & parts
Electric Wires & cables
Boilers & Parts
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Transmission line towers & parts |
Source: Engineering Exports Promotion Council( EEPC) India, TechSci Research
Spotlight on Indian Electronics 2016 | 160