Electric equipment industry contributes over 2% of GDP which is projected to increase to about 12% in 2015 according to a study by Frost & Sullivan. During the period, consumption of electrical equipment is estimated to increase from over USD 28 bn now to USD 363 bn, growing at a CAGR of about 30%. It is also expected that during 2010-2015, the Indian equipment manu-facturing will grow at 5.5 times the growth rate of global electronic equipment production.
The electrical equipment and accessories industry, with its highly diversified content, may be broadly segmented into (i) generation equipment, (ii) transmission equipment, and (iii) distribution equipment. The equipments and accessories under these segments include motors, turbines, gene-rators, switchgears, transformers, circuit breakers, induction motors, power capacitors, meters, transmission towers. Besides these, the spectrum covers a whole range of power cables including XLPE and AAC and ACSR conductors and electrical consumer products like fans, electric lamps, exhausts and domestic appliances and accessories. inverters, gensets, UPS also fall under its domain.
The electrical industry has been showing signs of recovery after poor performance in the recent years. The domestic electrical industry, which includes equipment for generation, transmission, distribution and use of power in industrial units, constitutes a major part of the electrical products.
The growth of the industry is directly related to the development of power generation and distribution. India's generation capacity of 2,300 MW in 1950 expanded to over 116,500 MW including non-utilities at the end 2000-01. The total installed capacity of electric power generation further increased to 141,080 MW in 2007-08 (upto January 2008) compared to a capacity of 128,000 MW during the same period in 2006-07. The Eleventh Plan has targeted a capacity addition of 78,570 MW.
The five years (2007-2012) may be the best of times for power... [continues]
The electrical equipment and accessories industry, with its highly diversified content, may be broadly segmented into (i) generation equipment, (ii) transmission equipment, and (iii) distribution equipment. The equipments and accessories under these segments include motors, turbines, gene-rators, switchgears, transformers, circuit breakers, induction motors, power capacitors, meters, transmission towers. Besides these, the spectrum covers a whole range of power cables including XLPE and AAC and ACSR conductors and electrical consumer products like fans, electric lamps, exhausts and domestic appliances and accessories. inverters, gensets, UPS also fall under its domain.
The electrical industry has been showing signs of recovery after poor performance in the recent years. The domestic electrical industry, which includes equipment for generation, transmission, distribution and use of power in industrial units, constitutes a major part of the electrical products.
The growth of the industry is directly related to the development of power generation and distribution. India's generation capacity of 2,300 MW in 1950 expanded to over 116,500 MW including non-utilities at the end 2000-01. The total installed capacity of electric power generation further increased to 141,080 MW in 2007-08 (upto January 2008) compared to a capacity of 128,000 MW during the same period in 2006-07. The Eleventh Plan has targeted a capacity addition of 78,570 MW.
The five years (2007-2012) may be the best of times for power... [continues]
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