Energy efficiency plays a vital role in meeting India´s growing demand for power. Each unit saved by a single household generates a unit for another household. Today, LEDs are considered to be the most efficient source of lighting.

Only about 10% of motor production in the country is adapted to IE2 & above level. The country is losing a great opportunity of energy conservation. With just shifting to IE2 level as mandatory, at current levels of motor production, in the fMEPSirst year itself India can save about Rs.500 crore.

Switchgears and control gears comprise about 30 per cent of the GE Energy Management business. We expect the CAGR to be around 8-10 per cent.

With various developmental projects being launched or on the horizon, the stakeholders POWER TODAY spoke to felt that, the switchgears and control gears segment in the country is poised for hand-in-hand growth with the economy.

The Indian electrical equipment industry is Rs 1.3 lakh crore. Of this, the switchgear and control gears, is about Rs 15,000 crore. Here, the MV/HV switchgear standalone is Rs 3,500 crore.

In LV products, it is increased digitalisation and connectivity - wherein the customer wants access at all times, from anywhere. They also want value-for-money, which is another front where development is on.

Rajesh Nandwani | Vice President & Business Unit Head, Switchgear, Anchor Electricals, Panasonic Group Switchgear and protection devices segment contributes to ~15 per cent of Anchor´s power segment turnover. Our share is about 6 per cent in the LV switchgear market.

The wires and cables industry has moved on from being the small industry it was 20 years back, to a very large industry over the last decade. Predominantly providing challenging opportunities in the field of manufacturing, supply chain and procurement, India as a market, is gaining importance in this industry.

We always believed in India as a manufacturing destination and this inspired us to set up our manufacturing unit in India way back in 1996. The Bangalore unit has a capacity to manufacture about 60,000 km of multi-core cables and 78,000 km of single core wires per annum.