The future is digitalisation
Our transmission and distribution (T&D) equipment industry, in 2017, covering towers, lines and devices, is around Rs 180 billion, including exports. At an aggregate level, the industry has grown nominally at ~ 3 per cent over 2016. However, towers, conductors, insulators, in particular showed negative growth.
The power sector of the country has witnessed a considerable change and evolution in the last two decades owing to several policy and regulatory measures.
Powering ahead full steam
Indian electrical equipment industry, broadly classified as generation equipment and transmission and distribution (T&D) equipment, manufactures products ranging from high- technology equipment to low-technology electrical components.
Green Shoots Visible
The Indian power sector is one of the most widespread in the world. Power is one of the most crucial components of infrastructure. It is vital for economic growth.
Globally, Electrical Motors Driven Systems (EMDS) use around 70 per cent of the electricity consumed by industry. Since the industry accounts for around 40 per cent of electricity demand in India, it follows that motors use around 28 per cent of total electricity, making it larger user than lighting at 24 per cent.
Long lifetime & second hand market is hindering upgradation
The international electro technical commission standard IEC 60034-30-1: 2014 'Rotating electrical machines - part 30-1 : efficiency classes of line operated AC motors' has globally harmonised the energy efficiency classes of all electric motors that are rated for line operation this includes all single and three phase motors between 0.12-1000 kW.
The power supply situation in India has seen a significant improvement in the past two to three years. According to reports, in the year 2011, more than 33 per cent of the rural population and 6 per cent of the country's urban population had lacked electricity.
Electrical equipment industry grows 4.25 per cent in FY2016-17| IEEMA
The electrical and industrial electronics industry has witnessed a 4.25 per cent growth in FY2016-17, over the previous year. The industry exported Rs 38,580 crore ($6 billion) worth of electrical equipment in 2015-16 (Rs 35,276 crore April to February in 2016-17 - $5.25 bn).
Commodity price inflation to impact cost of low-voltage electrical equipment
A recovery in Asian demand and supply constraints in the global market has sparked an increase in price of commodities like copper, pushing manufacturers to increase cost of low-voltage electrical equipment. Electrical equipment such as circuit breakers, switching and control and metering products are used extensively in industrial, commercial and residential segments, with a significant chunk used in the power sector.