Government Funding And Power Capacity Additions Open The Doors For Indian Switchgear Manufacturers.

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c50143) has announced the addition of the new Frost & Sullivan Report "Indian Medium and Low Voltage Switchgear Markets" to their offering.

The Frost & Sullivan research service titled Indian Medium and Low Voltage Switchgear Markets provides market analysis, revenue forecasts, and an in-depth analysis on the competitive structure. In this study, Frost & Sullivan's expert analysts thoroughly examine the medium and low voltage switchgear market in India for utilities, industrial, commercial, and residential end users.

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

-By Voltage Level:

-By End User:

Technologies

The following technologies are covered in this research:

- Switchgear: Is defined as an assembly of switching and interrupting devices, along with control, metering, protective, and regulating equipment. Important components of switchgear are:

- Switching and Interrupting Devices: used to turn the power on or off. Include circuit breakers or disconnectors.

- Control Devices: used to check and/or regulate the flow of power

- Metering Devices: used to measure the flow of electric power

- Protective Devices: used to protect power service from interruption, and to prevent or limit damage to equipment

- Indoor Switchgear: This product category includes all metal-clad/metal-enclosed switchgear with circuit breakers (vacuum or SF6 circuit breakers) and vacuum contactors.

- Outdoor Switchgear (kiosks): All metal-clad/metal-enclosed switchgear in a weatherproof enclosure (kiosks) suitable for outdoor application.

- Air Circuit Breaker: A circuit breaker with air as the arc-quenching medium.

- Molded Case Circuit Breaker (MCCB): An MCCB is a circuit protection device whose current-carrying parts, mechanisms, and trip devices are completely enclosed within a molded case of insulating material.

- Miniature Circuit Breaker (MCB): A small trip switch operated by an overload and used to protect an electric circuit, especially a domestic circuit as an alternative to a fuse.

- Residual Current Device (RCD): This protects against indirect contact electric shock. It is designed to detect such a residual current (an earth leakage current), to compare it to a reference value, and to open the protected circuit when it exceeds the reference value. RCD is also known as earth leakage circuit breaker (ELCB) or residual current circuit breaker (RCCB). The product definition also includes RCCB with over current protection (RCBO).

Market Overview

Government Funding and Power Capacity Additions Open the Doors for Switchgear Manufacturers

To meet the objective of power for all in India by 2012, an estimated additional power capacity of 100,000 MW is required, which would mean that the efforts of the past fifty years have to be replicated in another ten years. As the Indian power sector strives hard to plug the huge demand-supply gap caused by rapid economic growth, new opportunities are presenting themselves for switchgear manufacturers. For instance, the poor financial health of the State Electricity Boards (SEBs) due to huge transmission and distribution (T&D) losses - around 28 percent to 35 percent of the generation capacity - has prompted the Government of India to come out with policies such as the Electricity Act in 2003, and the Accelerated Power Development and Reform Program (APDRP).

The APDRP scheme provides funding under two components - incentive and investment, and many SEBs have evinced interest in the scheme, engaging private sector participants to renovate, modernize, restructure, and upgrade the T&D infrastructure, says the analyst of this research service. This has not only paved the path for private sector participation in the state-owned utilities, but also generated interest among the participants to drive home this advantage. Thus, higher energy requirements coupled with the shift of focus from generation to T&D, hence, reduction of T&D losses, are likely to drive the switchgear market.

Growing Construction Industry and Expansion of Other Key End-user Industry Sectors Drive Demand for Switchgears

Some of the key switchgear end-user sectors, such as steel and cement, have grown at the rate of more than 6.0 per cent during 2005, and the future appears to be bright for five more years. The need for improvement in infrastructure projects has encouraged the cement and steel industry to go in for capacity addition. This augurs well for electrical equipment manufacturers and especially the demand for switchgears, which fall under the power distribution equipment segment, are expected to be in great demand owing to upgrading of the T&D infrastructure.

In addition, the liberalization of FDI norms coupled with increased tax deduction on housing loans are driving the residential real-estate segment. Upcoming IT parks and commercial complexes prefer superior products of molded case circuit breakers and air circuit breakers. These products, though costlier, find favour from the brand and quality conscious consumers, adding to the switchgear market revenues.

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