Feature Nov 01, 2016 Govt schemes have led to demand in the residential segment Supported by ongoing government initiatives to promote LED lighting as well as changing consumer preferences, the LED market will grow to Rs.21,600 crore by 2020, an exponential growth of 41 per cent CAGR from Rs.1,925 crore in 2013, making the LED market ~60 per cent of the total lighting industry (Rs.37.600 crore) in 2020.
Feature Nov 01, 2016 Street lighting accounts for major revenue in the Indian LED market Indian LED lighting market will grow with a CAGR of 42 per cent for the next five years, which means that there is enough room for the organised players to grow. We also believe that the focus of the consumers in this sector is shifting from dependency on trust and heritage and rationalising their purchase to making emotional decisions in favour of products.
Feature Nov 01, 2016 LE(a)Ding forward The Indian LED lighting market is expected to reach Rs.31,010 crore, growing at a CAGR of 62 per cent between 2016-20. There has been increased focus by the government towards energy conservation and efficiency in the last few years.
Feature Nov 01, 2016 Green thrust to boost revival Gas-based power capacity addition in India has been hit badly owing to factors like - the cost of power, cost of transporting gas, and non-availability of gas. A decade back there were major initiatives by different stakeholders to put up gas-based power plants thinking that the fuel will be available in plenty from domestic production.
Feature Oct 01, 2016 Switchgears on upswing The demand for electricity is ever increasing in India. urbanisation, infrastructure additions, growth in real estate, and of course the rural electrification project is spiralling the electricity demand.
Feature Oct 01, 2016 Timely implementation of projects will boost switchgear markets MNC players and established domestic firms tend to spend more on product improvement. The frequency of updating the features is usually two-three years. On the other hand, lesser-known brands who have established themselves for low/entry level products and prices, neglect investing in technology and bringing innovation into their product offerings.
Feature Oct 01, 2016 Largest change is dramatic evolution of Internet of Things For the sake of clarity, I will restrict myself to the low voltage space. The single largest change we has been the evolution of ´Internet of Things´ or ´Industry 4.0´. The impact of this on users is immense, as the ability to communicate opens up a whole spectrum of possibilities for more intelligent use of power and more efficient processes.
Feature Oct 01, 2016 GST | Power sector is safe After a decade of political stand-off, the government was able to garner a consensus in Rajya Sabha, to approve the Goods and Services Tax (GST) constitutional amendment bill in August 2016. Since the parliamentary assent for the bill, which has the potential to turn the whole country into a single ´common market´, things have picked up momentum to make GST a reality at the earliest, though many experts feel that the deadline of April 1, 207 is a challenge.