2009

India Electrical Equipment Sector: Analysis & Future Forecast

Publisher: Renub Research Published: November, 2009

Report Details
Renub Research report titled India Electrical Equipment Sector: Analysis & Future Forecast offers a comprehensive guide to the size and shape of the electrical market at global and India level. It provides the latest electrical equipment production data (2004-05 2008-09), allowing you to identify the sectors driving growth. This report also covers data for (2007-08 & 2008-09) of 27 major electrical equipments exports & imports of India. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, format trends or distribution issues. Forecasts to 2013 illustrate how the market is set to change. India Electrical Equipment Production - Product Coverage: LT Motors, HT Motors, LT Capacitors, HT Capacitors, Switch Fuse & Fuse Switch Unit, LT Circuit Breaker, HT Circuit Breaker, Surge Arrester, Voltage Transformer, Current Transformer, Power Transformer, Energy Meters, Motor Stamping, Transformer Laminations, Transmission Line Tower, Miniature Circuit Breaker, Power Cables India Electrical Equipment - Product Coverage Exports & Imports: Steeper, Micro, Wiper Motors etc., DC Motors & Generators, FHP Motors, AC Motors, Generating sets with Diesel Engines, Liquid Dielectric Transformers- up to 650 KVA, Liquid Dilectric Transformers-above 650 kVA, Power Capacitors, HV Breakers, LT Fuses-all Types, Air Circuit Breakers, Moulded case Circuit Breakers, Miniature Circuit Breakers, Other Automatic Circuit Breakers, MCC, PCC & Switchboard/Panels for voltage not exceeding 1,000 V, MCC, PCC & Switchboard/Panels for voltage exceeding 1,000 V, Halogen Lamps, Compact Flourecent Lamps, Mercury Vapour, Sodium Discharge, Metal Halid Gas Discharge Lamps, LV Cables, HV Cables, Electrical Insulators of Ceramics-Procelain disc/post/pin, Electrical Insulators of Other Material, Electricity Energy Meters, Measuring insurments like Ammeters, Voltmeters, Capacitance Meters, Transmission Line Towers

Renub Research

Page 2 of 16

Market Overview
Indias vibrant economy needs matching improvements in the infrastructure. Power sector will play important role in the economic development and hence need focused attention. But due to global economic crisis India electrical equipment half yearly growth registered in 200809 is down to 8.57 percent from 14.6 percent of the previous financial year (2007-08). However, India posted a positive growth compared with global growth where the growth has been negative a fall of 2.2 percent in 2008 compared to 2007. Ministry of Power - India has taken number of legislative and policy initiatives to expedite power sector development such as Rajiv Gandhi Gramin Vidyutikaran Yogna (RGGVY). All these initiatives provide loads of investment opportunities to FIIs and other investors. The power sector reforms if implemented as scheduled will create large business for power sector equipment manufacturers and service providers. In India electrical sector export in the past 3 years (2004-05 to 2007-08) has grown with much higher CAGR of 57.28 percent compared to 32.25 percent for the period of 1995-96 to 2007-08. We can expect a continuous handsome growth for this sector for at least next five years and it is expected to cross INR 400 Billion by 2013. Research Highlights Due to financial crisis global electrical equipment market has fallen by 2.02 percent in 2008 compared to previous year 2007. In 2008 Power Cables and Switchgear together controls 60 percent of the market share in global electrical equipment market. India electrical sector exports have grown with a 40 percent in 2007-08 to compared previous year 2006-07. Due to economic slowdown India electrical sector has shown a decline of 6.04 percentage points for the half-yearly 2008-09 compared to half-year 2007-08. Despite India electrical sector negative growth Voltage transformers and Power transformers has shown a growth of 28.6 and 25.7 percent respectively for the year 2008-09 compared to 2007-08.

Renub Research

Page 3 of 16

Key Players This section provides the overview and key financials of prominent players in the India Electrical Equipment Industry: Analysis & Future Forecast such as, Bharat Heavy Electricals Limited (BHEL), Crompton Greaves Ltd., ABB Ltd. India Data Sources Information and data in this report has been collected from various printable and nonprintable sources like Magazines, Newspapers, Trade Journals, White papers, Online paid databases, News websites Government Agencies and Trade associations. , Alstom Limited India

Renub Research

Page 4 of 16

About Us
Renub Research
is a leading Market Research and Information Analysis Company with

centers at Noida India and Roswell USA. We have long-term experience especially in international Business-to-Business Researches, Surveys, Business and Consulting. Throughout the years we have acquired expertise in most market sectors, including Information Technology (IT), Telecoms, Life Sciences, Medical & Pharmaceuticals, Financial Services (Banking, Insurance, Reinsurance, M&A, etc.), Energy, Chemicals, Automotive, Retail, FMCG, Consumer Goods, Logistics, Governmental, Social, and Others. Our core team is comprised of an experienced people holding graduate, post graduate and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research help make the business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in todays ultra-competitive markets.

For more information on us or to view any of our sample work you can mail us at info@renub.com

Renub Research

Page 5 of 16

Published By

Renub Research
A116B, Sector27 Noida 201301 Phone: +91-120-421-9822, 254-5750 (India) +1-678-302-0700 (USA) Fax : +91-120-424-9780 Email: info@renub.com www.renub.com

India Electrical Equipment Sector: Analysis & Future Forecast Renub Research, 2009 Edition 1.0 All rights reserved. This publication is protected by copyright. No part of it may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic mechanical, photocopying, recording or otherwise without the prior written permission of the publishers

Renub Research

Page 6 of 16

Table of Contents
1. 2. 3. Executive Summary Global Electrical Equipment Market India Electrical Equipment Industry 3.1 3.2 Production Statistics of Major Electrical Equipment India - Electrical Sector Exports & Imports (27 Major Electrical Equipments) Export of Electrical Equipments Import of Electrical Equipments

3.2.1 3.2.2 4.

Porters Five Forces Analysis of the Sector 4.1 4.2 4.3 4.4 4.5 Strength of Buyer Power Strength of Supplier Power Likelihood of New Entrants Threat of Substitute Degree of Rivalry

5.

Government and Regulation of the Industry 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 5.10 5.11 Inclusion of Power Sector for Infrastructure Facility Tax benefits to Rajiv Gandhi Gramin Vidyutikaran Yogna (RGGVY) Merit rate of Excise Duty for Power Generation, Transmission & Distribution Equipments Fiscal Incentives to all Power Projects Development of Merchant Power Plants Import versus Domestic Manufacturing Import Duty on Steel and unavailability of CRGO Service tax Deemed Exports at par with Physical Exports WTO Compliant Incentives Simplification of Procedures

6.

Concerns of the Industry (Challenges) 6.1 Incomplete Infrastructure Status to Power Sector

Renub Research

Page 7 of 16

6.2 6.3 7.

Inadequate Supply of Cold Rolled Grain Oriented (CRGO) Electrical Steel Inadequate use of Price Variation Clause

Recent activities like Mergers & Acquisitions in the Industry 7.1 7.2 7.3 7.4 Schneider Electric India acquires Meher Capacitors Controls & Switchgear acquires Controls & Switchgear Gewiss India ICSA India acquires meter assets of ECE Industries Some more recent Mergers & Acquisitions and PE activity in Electrical Sector

8.

Key Companies 8.1 8.2 8.3 8.4 Bharat Heavy Electricals Limited (BHEL) Crompton Greaves Ltd. ABB Ltd. India Alstom Limited India

Renub Research

Page 8 of 16

List of Figures:
Figure 2-1: Global Electrical Equipment Market Value (US$ Billion), 2004 -2008 Figure 2-2: Global Electrical Equipment Market Share of (Power Cables, Switchgear, Generators and Sets, Gas Turbine Engines, Wind Turbines & Others) (in Percent), 2008 Figure 2-4: Global Electrical Equipment Market Share by Company (ABB Ltd., GE Company, Siemens AG, Schneider Electric SA & Others) (in Percent), 2008 Figure 3-1: India - Electrical Equipment Industry Half-Yearly Growth Index (Percent), Half-Yearly 2002-03 Half-Yearly 2008-09 Figure 3-2: India - Electrical Equipment Industry Annual Growth Index (Percent), 1997-98 2007-08 Figure 3-3: India Electrical Sector Exports (INR Million), 1995-96 2007-08 Figure 4-1: Porters Five Forces Analysis Figure 4-2: Strength of Buyer Power Figure 4-3: Strength of Supplier Power Figure 4-4: Likelihood of New Entrants Figure 4-5: Threat of Substitute Figure 4-6: Degree of Rivalry

Renub Research

Page 9 of 16

List of Tables:
Table 3-1: India Production Statistics of Electrical Equipment (LT Motors, HT Motors) (000KW), 200405 2008-09 Table 3-2: India Production Statistics of Electrical Equipment (LT Capacitors, HT Capacitors) (000KVAR), 2004-05 2008-09 Table 3-3: India Production Statistics of Electrical Equipment (Switch Fuse & Fuse Switch Unit, LT Circuit Breaker, HT Cirtcuit Breaker, Surge Arrester, Voltage Transformer) (Nos), 2004-05 200809 Table 3-4: India Production Statistics of Electrical Equipment (Distribution Transformer, Power Transformer) (000KVA), 2004-05 2008-09 Table 3-5: India Production Statistics of Electrical Equipment (Current Transformer, Energy Meters) (000Nos), 2004-05 2008-09 Table 3-6: India Production Statistics of Electrical Equipment (Motor Stamping, Transformer Laminations) (MT), 2004-05 2008-09 Table 3-7: India Production Statistics of Electrical Equipment (Transmission Line Tower, Miniature Circuit Breaker, Power Cables) (000MT, 000Poles, KM), 2004-05 2008-09 Table 3-8: Comparison of Exports of different Electrical Products (Steeper, Micro, Wiper Motors etc., DC Motors & Generators, FHP Motors, AC Motors, Generating sets with Diesel Engines, Liquid Dielectric Transformers- up to 650 KVA) (INR Lakhs.) 2007-08 & 2008-09 Table 3-9: Comparison of Exports of different Electrical Products (Liquid Dilectric Transformers-above 650 kVA, Power Capacitors, HV Breakers, LT Fuses-all Types, Air Circuit Breakers, Moduled case Circuit Breakers, Miniature Circuit Breakers) (INR Lakhs.), 2007-08 & 2008-09 Table 3-10: Comparison of Exports of different Electrical Products (Other Automatic Circuit Breakers, MCC, PCC & Switchboard/Panels for voltage not exceeding 1,000 V, MCC, PCC & Switchboard/Panels for voltage exceeding 1,000 V, Halogen Lamps, Compact Flourecent Lamps, Mercury Vapour, Sodium Discharge, Metal Halid Gas Discharge Lamps, LV Cables) (INR Lakhs.), 2007-08 & 2008-09 Table 3-11: Comparison of Exports of different Electrical Products (HV Cables, Electrical Insulators of Ceramics-Procelain disc/post/pin, Electrical Insulators of Other Material, Electricity Energy Meters, Measuring insurments like Ammeters, Voltmeters, Capacitance Meters, Transmission Line Towers) (INR Lakhs.), 2007-08 & 2008-09 Table 3-12: Comparison of Imports of different Electrical Products (Steeper, Micro, Wiper Motors etc., DC Motors & Generators, FHP Motors, AC Motors, Generating sets with Diesel Engines, Liquid Dielectric Transformers-up to 650 KVA) (INR Lakhs.), 2007-08 & 2008-09 Table 3-13: Comparison of Imports of different Electrical Products (Liquid Dielectric Transformers-up to 650 kVA, Power Capacitors, HV Breakers, LT Fuses-all Types, Air Circuit Breakers, Moulded case Circuit Breakers, Miniature Circuit Breakers) (INR Lakhs.), 2007-08 & 2008-09 Renub Research Page 10 of 16

Table 3-14: Comparison of Imports of different Electrical Products (Other Automatic Circuit Breakers, MCC, PCC & Switchboard/Panels for voltage not exceeding 1,000 V, MCC, PCC & Switchboard/Panels for voltage exceeding 1,000 V, Halogen Lamps, Compact Flourecent Lamps, Mercury Vapour, Sodium Discharge, Metal Halid Gas Discharge Lamps, LV Cables) (INR Lakhs.), 2007-08 & 2008-09 Table 3-15: Comparison of Imports of different Electrical Products (HV Cables, Electrical Insulators of Ceramics - Procelain disc/post/pin, Electrical Insulators of Other Material, Electricity Energy Meters, Measuring insurments like Ammeters, Voltmeters, Capacitance Meters, Transmission Line Towers) (INR Lakhs.), 2007-08 & 2008-09 Table 5-1: Cost Disadvantages to the Indian Companies due to costs which are not applicable to Foreign Contractors for Zero Duty Projects Table 8-1: Bharat Heavy Electricals Limited Key Financials (INR Crore) 2004-05 2008-09 Table 8-2: Crompton Greaves Limited Key Financials (INR Crore), 2005 2009 Table 8-3: ABB Limited India - Key Financials (INR Million), 2004 2008 Table 8-4: Alstom Projects India Limited Key Financials (INR Million), 2008 - 2009

Renub Research

Page 11 of 16

Order Form
Scan and e-mail this page to info@renub.com, alternatively one can also write the Contact Information in an e-mail and mail it. Else you can also fax this form to +91-120-424-9780 Questions? Please call +91-120-421-9822 (India), +1-678-302-0700 (USA) or mail to info@renub.com

Format
Report Title: India Electrical Equipment Sector: Analysis & Future Forecast

Single User (Email from Publisher) US$ 750

Hard Copy (Mail Delivery) US$ 850

CD Rom (Mail Delivery) US$ 850

Global Site License (Multiple User License) US$ 1,100

For ordering this report: Three easy ways to place your order:
1) Order online by Credit Card (Visa, MasterCard, etc.): http://renub.com/reports/showdetails.aspx?id=17 2) Order by Wire Transfer: http://renub.com/reports/wiretransfer.aspx?id=17&pid=1064 To pay by Wire Transfer, please, fill in your contact details in the form below:

Renub Research

Page 12 of 16

Bank Details
Account Name: Renub Research A/C No.: 109102000023296 Name of Bank: IDBI Bank Ltd. Swift Code: IBKLINBB010 Bank Address: 4th Floor Indian Red Cross Building 1 Red Cross Road Opposite Parliament Street New Delhi 110001 India

Contact Information
First Name: Email: Job Title: Company: Address: City: Postal/Zip Code: Country: Phone: Mobile: Fax: Report Format: Your message: Last Name:

Renub Research

Page 13 of 16

3) Order by Check Please post the check accompanied by this form, to: Company Address: Renub Research A -116B Sector -27 Noida - 201301 Uttar Pradesh India Phone: +91-120-421-9822, 424-9780

For free Sample copy report or to view any of our sample work please contact us at info@renub.com or call +91-120-421-9822 (India), +1-678-302-0700 (USA)

Follow Us
Facebook: http://www.facebook.com/pages/Renub-Research/233380966701090 LinkedIn: http://www.linkedin.com/company/renub-research Twitter: http://twitter.com/RenubResearch

Renub Research

Page 14 of 16

Our Partial List of Clients

Redbus Becton Dickinson Pfizer Intercell Sanofi Pasteur Stanford Burgess Pequot Capital DMI Transgene S.A. ixia communications Toyota Tsusho Amercia Inc. National Health Research Institutes Abbott Diabetes Care Corning Incorporated - Life Sciences L.E.K. Consulting GmbH Syntiron MediVas LLC Credit Suisse Dune Medical QIAGEN Inje University Mapp Biopharmaceutical Institute for Information Industry NorDiag ASA Renub Research Rep e Inv Medicas SA de Innogenetics Page 15 of 16

Bain WAKE Technology Services, Inc. PSS World Medical Relypsa C&K components Konkuk University Resonetics Samsung SEKISUI MEDICAL CO. LTD. Plentyoffish Media INC Arthur D Little Gmbh Morgan Stanley Takeda Pharmaceutical Corporation Hokkai School of Commerce Ministry of Manpower Singapore GenOmind, LLC. Goldman Sachs & Co NTT Advanced Technology Tokyo Womens Medical University The Chemo-Sero-Therapeutic Research Trade Council of Iceland Jpmorgan, Ets Trading GE Healthcare IT ixia communications

Disclaimer
Most of the information available in this report is within the public domain. The submitting authors or other copyright holders retain rights for reproduction or redistribution. All persons reproducing or redistributing this information are expected to adhere to the terms and constraints invoked by the copyright holder. Such protected material, however, may be used under the terms of "fair use as defined in the copyright laws, which generally permit use for non-commercial educational purposes such as teaching, research, criticism, and news reporting. With respect to documents available, neither the company nor any of its employees makes any warranty, express or implied, including the warranties of merchantability and fitness for a particular purpose, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Unless otherwise stated, the copyright, database rights, and similar rights in all material published on this manual is solely owned by Renub Research. You are permitted to print or download extracts from this material for your personal use only. None of this material may be used for any commercial or public use. No part of this manual or any material appearing may be reproduced, stored in or transmitted on any other Web site without written permission of www.renub.com and any payments of a specified fee. Requests to republish any material may be sent to us at info@renub.com.

Renub Research

Page 16 of 16