Switch gear & control gear Industry In India

2013- 2017
Picture Courtesy: www.info.wowlogistics.com
TOC
Market
Overview
Appendix
Industry
Trends
Competitive
Environment
Industry
Structure
Executive
Summary
Drivers &
Inhibitors
Government
Initiatives
Industry
Analysis
2
Andhra
Pradesh
Arunachal
Pradesh
Assam
Bihar
Chhattisgarh
Goa
Gujarat
Haryana
Himachal
Pradesh
Jammu and
Kashmir
Jharkhand
Karnataka
Kerala
Madhya
Pradesh
Maharashtra
Manipur
Meghalaya
Mizoram
Nagaland
Orissa
Punjab
Rajasthan
Sikkim
Tamil
Nadu
Tripura
Uttar Pradesh
Uttaranchal
West
Bengal
43 cities in India have a population of 1mn+
Cities in India are classified on the basis of cost of
living.
5 Metros including
Mumbai, Delhi, Chennai, Kolkata, Bengal
uru
8 Tier 1 (+5 million ) cities including
Pune, Ahmedabad
22 Tier 2 cities (1 million to 5 million )
including Patna, Kochi, Rajkot, Madurai
etc.
41 Tier 3 cities (less then 1 million )
including
Ranchi, Mangalore, Gwalior, Roorkee etc.
India - Snapshot
Population growth 1.4% p.a
Land area 3.29 mn sq km
Population density 324 persons per sq km
Form of government Democracy
Number of states 29 states & 6 union territories
Capital New Delhi
Per capita income Nominal: INR 68,747 p.a
Religion 6 main religions
Languages
Hindi (national language), English
(business language), 22 (official
languages)
Currency Rupees
Exchange rate (INR
to USD)
1 INR = USD 0.016
(as on 7 Nov, 2013)
Rural-urban mix 68% people reside in rural areas
Households 246 mn
Literacy rate 74.04%
Mumbai
Pune
Hyderabad
Bangalore
Jaipur
New Delhi
Kolkata
Chennai
Ahmadabad
West
North
South
East
Source: Government websites
Lucknow
Nagpur
Patna
Surat
Metro cities
Tier-I cities
India Fact File
Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved
3
Preface to the Report
Who is the Reader?
Participants or stakeholders in the switchgear and control gear industry would benefit from this report
The report will also help analysts, industry experts or any person looking for an understanding of the switchgear and control gear industry
Purpose of the Report
The report gives insights on how the switchgear and control gear industry is expected to grow in the coming years till 2017. It is aimed at
providing intelligent and actionable insights on the drivers and challenges for the industry, the proposed government and policy
initiatives, their subsequent impact on the industry, and key segmentation i.e. by end users and by geography
Another important aspect of the report is the profiles of the top industry players in switchgear and control gear in India
Scope of the Report
This report looks at the current scenario for switchgear and control gear industry in India. It also outlines latest technology updates, industry
trends and industry analysis etc.
The report does not cover electrical equipment used for generation and transmission of power, such as
generators, boilers, turbines, transformers, electric switches, cables & wires etc
TOC
Market
Overview
Appendix
Industry
Trends
Competitive
Environment
Industry
Structure
Executive
Summary
Drivers &
Inhibitors
Government
Initiatives
Industry
Analysis
Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved
Table of contents
4
Executive Summary Slide 7
1 Industry Structure
1.1 Switchgear & control gear industry structure Slide 9
1.2 Industry definition Slide 10
1.3 Industry classification Slide 12
1.4 Industry process/ supply chain Slide 13
2 Market Overview Slide 14
2.1 Market Size & Growth Slide 15
2.2 Market segmentation:
2.2.1 -By Import and domestic production Slide 16
2.2.2 - by Organized and unorganized Slide 17
2.2.3 -by Product Slide 18
2.2.3.1 - Low Voltage Slide 19
2.2.3.2 - Medium & High Voltage Slide 20
2.2.4 - by End-user segmentation Slide 21
2.3 Geographical Analysis Slide 22
3 Drivers & Inhibitors Slide 23
3.1 Driver 1: Increase in planned capacity addition in power segment Slide 25
3.2 Driver 2: Adoption of New technology Slide 26
3.3 Driver 3: Investment in infrastructural and industrial segments Slide 27
3.4 Driver 4: Increase in demand for residential and commercial segment Slide 28
3.4 Inhibitor 1: Cheap imports and projects imports Slide 29
3.5 Inhibitor 2: Non compliance to international specification and design of switchgear Slide 30
3.6 Inhibitor 3: Failure to achieve power targets and delay in project execution Slide 31
TOC
Market
Overview
Appendix
Industry
Trends
Competitive
Environment
Industry
Structure
Executive
Summary
Drivers &
Inhibitors
Government
Initiatives
Industry
Analysis
Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved
Table of contents
5
4 Government Initiatives & Policies Slide 33
5 Industry Trends Slide 35
6 Industry Analysis Slide 36
7 Competitive Environment Slide 39
7.1 List of Players in the Industry Slide 40
7.2 Competitor benchmarking Slide 41
7.3 Complete Profiles:
7.3.1 ABB Ltd Slide 42
7.3.2 Alstom T&D India Limited Slide 44
7.3.3 Bharat Heavy Electricals Ltd Slide 46
7.3.4 Crompton Greaves Ltd Slide 48
7.3.5 Schneider Electric India Limited Slide 50
8 Appendix Slide 52
8.1 Research methodology Slide 53
8.2 Abbreviations, Bibliography & Glossary Slide 54
TOC
Market
Overview
Appendix
Industry
Trends
Competitive
Environment
Industry
Structure
Executive
Summary
Drivers &
Inhibitors
Government
Initiatives
Industry
Analysis
Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved
6
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Chart 1 Supply-chain in Indian Switchgear and control gear Industry Slide 13
Chart 2 Share of distribution in Electrical Equipment industry in 2013 India (in %) Slide 15
Chart 3 Market size and growth of switchgear & control gear(INR billion) Slide 15
Chart 4 Domestic production and imports of switchgear (by value Slide 16
Chart 5 Share between Organized and Unorganized market (by value) Slide 17
Chart 6 Market segmentation of switchgear industry in 2013 (by value) Slide 18
Chart 7 Market segmentation of switchgear industry in 2017 (by value) Slide 18
Chart 8 LV switchgear growth in India (INR billion) Slide 19
Chart 9 Market Segmentation of LV switchgear (by value) Slide 19
Chart 10 MV & HV switchgear growth in India (INR billion) Slide 20
Chart 11 Market Segmentation of MV & HV switchgear (by value) Slide 20
Chart 12 End-user segmentation of switchgear and control gear in 2013 (By Value) Slide 21
Chart 13 Market size for switchgear by geography by value (2013) Slide 22
Chart 14 Demand Projection for residential space across top 7 Indian cities ('000 units) Slide 28
Chart 15 Demand Projection for commercial space across top 7 Indian cities ('000 units) Slide 28
Chart 16 Imports of switchgear in India (INR bn) Slide 29
Chart 17 Planned V/s Actual Capacity power addition in five year plans Slide 31
Chart 18 Annual Turnover of ABB (INR bn) Slide 43
Chart 19 Annual Turnover of Alstom (INR bn) Slide 45
Chart 20 Annual Turnover of BHEL (INR bn) Slide 47
Chart 21 Annual Turnover of CG (INR bn) Slide 49
Chart 22 Annual Turnover of Schneider(INR bn) Slide 51
Table 1 Segmentation of switchgear industry Slide 12
Table 2 Planned capacity additions during the five year plans (MW) Slide 25
Table 3 List of Government Initiatives Slide 27
Table 4 Competitive benchmarking of top players in India Slide 41
Table 5 Financial indicators of ABB Slide 43
Table 6 Financial indicators of Alstom Slide 45
Table 7 Financial indicators of BHEL Slide 47
Table 8 Financial indicators of CG Slide 49
Table 9 Financial indicators of Schneider Slide 51
TOC
Market
Overview
Appendix
Industry
Trends
Competitive
Environment
Industry
Structure
Executive
Summary
Drivers &
Inhibitors
Government
Initiatives
Industry
Analysis
Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved
Switchgear Industry
ValueNotes India Market Intelligence Dashboard
Market share of top 5 firms = 60% Output in organised Sector = 75%
Organised Sector Concentration
Macro Data: Market size, growth, market
shares of key players, customer
segments, key industry metrics
Micro Data: Segmental market size &
growth, financials of key players
Completeness: All data points is available
Quality: Accuracy of data
Recency: Latest period data is available
Source of Data
Data Availability
I
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S
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t
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Bureau of Energy Efficiency (BEE),
Central Electricity Authority of India (CEA)
Electrical India, Company
websites, News Articles
Indian Electrical and Electronics
Manufacturers Association
(IEEMA), Control Panel Switchgear
Manufacturers Association in India
(COSMA)
Copyright 2014 ValueNotes Database Pvt Ltd. All rights reserved.
www.valuenotes .biz 2014
Government
Bodies
Completeness
Quality
Recency
Macro
Data
Micro
Data
Various policy changes are expected to impact the switchgear and control gear market in India
These are:
De-licensing of electrical equipment sector
Expansion and modernization of Transmission and Distribution sector
Significant Special Economic Zones (SEZs) have received clearances for the engineering sector
Market Size And
Growth
Drivers and
Challenges
Industry Scenario
The switchgear and control gear industry in India is currently valued at ~INR 135bn (FY 2013) and has been
growing at ~15% for the last 3 years
The industry is expected to grow at a CAGR of 12% till 2017, mainly due to nationwide expansion and
modernization of Transmission and Distribution (T&D) sector. ValueNotes estimates that the switchgear
industry in India will reach ~INR 215bn by 2017
Government investments and capacity addition plans in the power sector are likely to drive switchgear
industry growth in India
Increase in low quality and low-priced imports from countries like China and Taiwan is a major detriment to
the growth of the Indian switchgear and control gear market
Organized sector dominates the Indian switchgear and control gear market and is likely to continue to
dominate till 2017
Low Voltage (LV) switchgear constitutes a higher market share compared to medium voltage (MV) and high
voltage (HV)
Lack of level playing field to the domestic switchgear manufacturers has led to constant rise in imports from
countries like China, Germany and Korea
Policy Changes
8
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TOC
Market
Overview
Appendix
Industry
Trends
Competitive
Environment
Industry
Structure
Executive
Summary
Drivers &
Inhibitors
Government
Initiatives
Industry
Analysis
Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved
Appendix
Picture Courtesy: www.info.wowlogistics.com
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ValueNotes carries out industry studies designed around optimal use of
secondary (desk) research technique to gain maximum intelligence
with specific insights and information. The steps carried out for
Switchgear and Control gear Industry in India
Secondary research: Intensive secondary research sources
include, but are not limited to,
Print and online business publications
Analyst reports
Press releases
Trade publications
Market analysis: Triangulation method is adopted to
validate data points from the supply side, demand
side, industry reports and trade publications
News Releases/Publications include:
Electrical Monitor
IEEMA Journals
Indian Brand Equity Foundation
Control Panel and Switchgear Manufacturers
Association (COSMA)
The list of publications is not exhaustive
Switchgear &
control gear in
India
Government
Websites &
Publications
Industry
Associations
Publications
& News
Releases
Press
Releases &
Publications
by Industry
Players
Industry
Reports/
Trade
Publications
ValueNotes is a full-service market and business research firm. Since 2000, we have helped customers, in India and around the globe, make
better business decisions by providing actionable intelligence. Our customized research solutions, by way of projects and continuing
engagements, have helped serve specific business needs - market entry strategy, choice of location, partner selection, competitive
intelligence, investment appraisal, due diligence, and customer need analysis.
Over the years, ValueNotes has developed considerable domain knowledge in a variety of sectors and industries. More important, we understand
how to develop and deploy appropriate research methodologies best suited for diverse markets. We've developed proprietary research methods
to deal with unorganized, information-scarce markets; and analytical techniques to triangulate, validate and correlate incomplete or unrelated
information
About ValueNotes
Research Methodology Applied
TOC
Market
Overview
Appendix
Industry
Trends
Competitive
Environment
Industry
Structure
Executive
Summary
Drivers &
Inhibitors
Government
Initiatives
Industry
Analysis
Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved
NSE
National Stock Exchange
SEZ
Special Economic Zones
tn
Trillion
bn
Billion
AT&C
Aggregate Technical and Commercial
USD
US Dollar
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Abbreviations
LV
Low Voltage
MV
Medium Voltage
HV
High Voltage
BSE
Bombay Stock Exchange
FDI
Foreign Direct Investment
FY
financial year (with reference to Financials/ Market
Value)
GDP
Gross Domestic Product
INR
Indian Rupee
mn
Million
BHEL
Bharat Heavy Electrical Limited
T&D
Transmission and Distribution
R&D
Research and Development
OEM
Original Equipment Manufacturer
EPC
Engineering, Procurement and Contract
CAGR
Compound Annual Growth Rate
R-APDRP
Restructured Accelerated Power Development &
Reforms Programme
RGGVY
Rajiv Gandhi Grameen Vidyutikaran Yojana
IEEMA
Indian Electrical Equipments Manufacturers
Association
MW
Mega Watt
GOI
Government of India
Electrical Machinery, IBEF
Countering the end-of-line challenges, Electrical Monitor
Opportunities and challenges in the switchgear industry, Electrical Monitor
Upgrading Indias Testing Facilities is top priority, Electrical Monitor
Control panel and switchgear industry is growing yet slow, Electrical and Power Review
Indian Capital Goods Industry - A Sector Study, EXIM Bank of India
Indian Switchgear And control gear Industry-waiting To Takeoff, IEEMA
Bibliography
ValueNotes conducted secondary research to obtain information on Warehousing industry
in India and referred to following sources:
TOC
Market
Overview
Appendix
Industry
Trends
Competitive
Environment
Industry
Structure
Executive
Summary
Drivers &
Inhibitors
Government
Initiatives
Industry
Analysis
Copyright @ 2014 ValueNotes Database Pvt Ltd. All rights reserved
12
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Indian Electrical and
Electronics Manufacturers'
Association (IEEMA)
IEEMA is a national representative organization of manufacturers of electrical, industrial electronics and allied equipment in India
Kilovolt (kV) A unit of potential equal to a thousand volts
Mega Watt (MW) A megawatt is a unit for measuring power that is equivalent to one million watts
Compound Annual Growth
Rate (CAGR)
The year-over-year growth rate of an investment over a specified period of time
Restructured Accelerated
Power Development &
Reforms Programme
(RAPDRP)
Re-structured APDRP was approved as central sector scheme with focus actual, demonstrable performance in terms of Aggregate Technical and Commercial (AT&C)
loss reduction
Rajiv Gandhi Grameen
Vidyutikaran Yojana (RGGVY)
Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) is a program launched by power ministry in March 2005 with the objective of electrifying over one lakh un-
electrified villages and to provide free electricity connections to 2.34cr rural below poverty line households.
Special Economic Zones( SEZ) A Special Economic Zone (SEZ) is a geographical region that is designed to export goods and provide employment
Engineering, Procurement,
Construction (EPC)
EPC is a prominent form of contracting agreement in the construction industry
Systems integrator (SI)
A systems integrator is a person or company that specializes in bringing together component subsystems into a whole and ensuring that those subsystems function
together.
Original equipment
manufacturer (OEM)
An organization that makes devices from component parts bought from other organizations
KEMA
KEMA is a is a global energy consultancy company that offers management consulting, technology consulting & services to the energy value chain that include
business and technical consultancy, operational support, measurements & inspection, and testing & certification services.
National Environment
Management Authority
(NEMA)
The National Environment Management Authority (NEMA) is a government agency responsible for the management of the environment, and the environmental
policy.
CE marking The CE marking or formerly EC mark, is a mandatory conformity marking for products sold in the European Economic Area (EEA.
Aggregate Technical and
Commercial Losses (AT & C
Losses)
Aggregate Technical and Commercial Losses(AT & C Losses) is the sum total of technical loss, commercial losses and shortage due to non-realization of total billed
amount
SF6 A circuit breaker in which the current carrying contacts operate in Sulphur Hexafluoride or SF6 gas is known as an SF6 Circuit Breaker
Glossary
TOC
Market
Overview
Appendix
Industry
Trends
Competitive
Environment
Industry
Structure
Executive
Summary
Drivers &
Inhibitors
Government
Initiatives
Industry
Analysis
Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved
As an analyst at ValueNotes, Tejaswee has worked on opportunity assessment studies
in manufacturing & engineering sector where she has been involved in the formulating
recommendation and entry strategies. Her main focus of studies at ValueNotes has
been customer engagement studies in various industries such as lighting and
engineering industries. Her projects also include due diligence and industry tracking.
She also is a regular writer for ValueNotes where she contributes actively to blogs and
articles.
reports@valuenotes.co.in | +91 20 6623 1743
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