switch gear & control gear industry in india

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, Bengaluru • 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

Copyright @ 2013 ValueNotes Database Pvt Ltd. All rights reserved

India Fact File

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


Industry Structure

Executive Summary



Industry Analysis

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


Industry Structure

Executive Summary



Industry Analysis

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


Industry Structure

Executive Summary



Industry Analysis

6

List

of

Ch

arts

& T

able

s 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


Industry Structure

Executive Summary



Industry Analysis

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

In

du

stry

Stru

cture

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

Exe

cuti

ve S

um

mar

y


TOC Market

Overview Appendix

Industry Trends


Industry Structure

Executive Summary



Industry Analysis

Appendix

Picture Courtesy: www.info.wowlogistics.com

10

Re

sear

ch M

eth

od

olo

gy

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


Industry Structure

Executive Summary



Industry Analysis

NSE National Stock Exchange

SEZ Special Economic Zones

tn Trillion

bn Billion

AT&C Aggregate Technical and Commercial

USD US Dollar

11

Ab

bre

viat

ion

s &

Bib

liogr

aph

y

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 Manufacturer’s 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 India’s 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


Industry Structure

Executive Summary



Industry Analysis

12

Glo

ssar

y

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


Industry Structure

Executive Summary



Industry Analysis

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.

[email protected] | +91 20 6623 1743

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Other Industry Reports by ValueNotes:

1. Warehousing industry in India

2. Cold Chain Industry in India

3. Lighting industry in India

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