India's Switchgear & Control Gear Industry to grow at a 10% CAGR till 2017

摘要

Despite being the 5th largest producer & consumer of electricity in the world, there has only been a marginal boost to the demand for distribution machinery - India's switchgear and control gear industry, valued at INR 135 billion, is expected to be worth approximately INR 215 billion by 2017. The industry is facing challenges such as cheap imports from markets like China, and a slowdown in the power sector India is the fifth largest producer and consumer of electricity in the world. According to the 11th five year plan, the country was only able to achieve 69% of its planned capacity of 78,700 MW. To overcome the demand and supply deficit, the Indian government is gradually increasing the planned capacity addition.