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Electrical Machinery

Churning India's Growth


By 2022, India has an ambitious goal to be the world’s country of choice for the production of electrical equipment. Catering mainly to the power industry, India’s electrical machinery sector is already growing fast and positioned for booming growth.

India's electrical machinery industry will be worth USD 100 Billion by 2022 and has experienced a market growth of 11.6% in the past ten years.

India's Electrical Machinery Sector

The sector consists of generation, transmission and distribution machinery.
Most of the revenue is drawn from:


28%

Consumer electronics

16%

Electronic components

17%

Industrial Electronics

5%

Computer Hardware

29%

Communication & Broadcast Equipment

5%

Strategic Electronics

India's Growth Potential


India is expected to become a major hub for manufacturing nuclear reactors and associated components. Foreign involvement in nuclear and clean coal technologies is also expected to rise.

India’s installed power capacity is predicted to reach 350 gigawatts (GW), up from 308.83GW in August 2016.

Unprecedented global demand

Driven by increasing population and economic growth, worldwide demand for electricity is projected to grow annually by 2.4% between 2009 and 2035. Most of that expansion is in non-OECD countries - like India.

Fourth Largest

Globally India is already the fourth largest electricity consumer.

Huge Export Potential

With the developing world requiring more electricity to drive growth, there’s huge export potential for India’s electrical machinery industry.

Opportunities to Invest

As one of the largest and fastest growing economies internationally, India offers global companies unprecedented opportunities to invest in the industry.

Infrastructure

The Indian government is improving infrastructure and reducing red tape.

Economic Zones

It has also set up Special Economic Zones to promote exports – and encourage more foreign buyers to take part in specialized electrical equipment trade fairs. Similarly more Indian manufacturers of electrical equipment are taking part in specialized trade fairs around the world.

Manpower


Along with driving economic growth, India’s electrical equipment industry plays a very important role in providing jobs.

It's estimated the industry needs up to 90,000 skilled workers every year.

The focus is on ensuring that those coming out of universities, technical institutes and other training centres, are skilled appropriately – hand in hand with industry experts - so they can walk straight into these jobs.

With the government’s assistance, many Indian corporates are also investing significantly in research and development in the electrical machinery industry.

Opportunities


Rapid growth in Indian metros, airports and other infrastructure projects is expected to generate massive demand for electrical equipment.

Capacity creation in sectors that are pushing up demand include:

POWER, MINING, OIL AND GAS, REFINERY, STEEL AND AUTOMOTIVE AND CONSUMER DURABLES

Nuclear capacity expansion will provide substantial business opportunities for the electrical machinery industry as well.

Wind and other forms of renewable energy stood at around 14.9% of total capacity in October 2016, but this is growing too, with India expected to reach an installed capacity of 175GW by 2022.

Leading Indian Manufacturing


Crompton Greaves

Crompton Greaves has been synonymous with electricity in India for the past 70 years. The company focuses on high technology electrical products and services related to power generation, transmission and distribution.

Bharat Heavy Electricals Ltd.

BHEL makes power plant equipment and is one of the largest engineering and manufacturing companies in India.

Larsen & Toubro

A leading industry player involved in technology, engineering, construction, manufacturing and financial services conglomerate. L & T operates globally, with customers in over 30 countries.

India's Foreign Investors

United States

GE

United Kingdom

Babcock

France

Alstom

Italy

Ansaldo

Japan

MHI
Hitachi
Toshiba