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