Future Prospects

Future Prospects of Indian Electrical & Electronics Industry

Power sector development programme in India has now gained momentum. Policy makers have realized that economic development of the country will be seriously jeopardized if due attention is not given to the power sector to ensure that sufficient and good quality electrical energy is made available to consumers at affordable price.

The power transmission & distribution system goes through distinct stage of development. The natural progression is from isolated small grids operating at low voltage to regional grids operating at high voltages. As the power consumption increases, there is a need to transfer large amounts of power from generators to consumers. In India, there will be a significant growth in the T&D systems as the per capita power consumption increases to global levels and the per capita GDP moves closer the developed nations.

Ministry of Power, Government of India had envisaged a capacity addition of 78,577 MW and 86,500 MW in the 11th and 12th plan period respectively. (Source: www.powermin.nic.in). A corresponding plan for new investment and R&D is also conceived for the Transmission and Distribution segments in line with the National Electricity Plan and the Integrated Energy Policy.

Energy Demand is expected to grow a capacity addition is envisaged, entailing major investments in power generation, transmission and distribution. The state-owned company has ambitious plans to establish 63 GW generation capacity by 2032, as a safe, environmentally benign and economically viable source of electrical energy to meet the increasing electricity needs of India. (Source: http://en.wikipedia.org/wiki/Electricity_sector_in_India). Growing Indian Economy coupled with Indian government's goal of Power for all by 2012, opens up tremendous opportunities for electrical companies, both domestic and international, in India. The above goal puts power generation, transmission, distribution and conservation on a top priority.

Nowadays, electrical & electronic goods have become a necessity and have a strong place in human's life. Half of an American's average 5.1 hours of daily leisure time is devoted to watching television. If we look at its market opportunities, it is stupendous. The electronics market in India is forecast to touch $ 125 billion by 2014 from the present market of $ 45 billion. India's semiconductor market is also following suit and its market is expected to reach $7.59 billion soon. The consumption of electronic gadgets is expected to touch US$ 363 billion by 2013. Indigenous production of electronic equipments in India is expected to reach at US$ 155 billion in 2013.

Contributing to Economic Growth
The contribution of Indian Electronics and Electrical industry to the country's GDP has been quite substantial and the industry offers varied opportunities for manufacturing. Electric equipment industry contributes over 2 per cent of GDP which is expected to rise to around 12 per cent in 2013. A study conducted by Frost & Sullivan, reveals that consumption of electrical equipment is estimated to go up from over $ 28 billion now to $ 363 billion in the coming decade. Industry experts believe that during 2010-2015, the Indian electrical equipment manufacturing will grow at 5.5 times the growth rate of global electronic equipment production.

Growth in exports have also assisted the growth of some sectors like transformers, switchgear, cables, capacitors, energy meters, transmission line towers and conductors. in the last year of 11th plan, about 15,000 mw of addition to power generation is expected to be commissioned and most of the transmission and sub-station projects at 400 kv and below are likely to be completed despite the fact that most of the high voltage direct current (hvdc) and 765 kv projects are likely to spill-over to the 12th plan period. All the above indicators signal a prosperous prospect for the electrical & electronic industry in India. (Source: http://blog.yellowpages.co.in/powering-the-economy-the-future-is-bright/)

Quick Links

Visitors Count

Visitors Count