Power generation capacity addition of 78,700 mega watt (MW) proposed in the 11th Five Year Plan (2007-12) is translating into a higher demand for electrical machinery.
The generation equipment segment garnered revenues of US$ 4.2 billion in FY10. The market expanded at a compound annual growth rate (CAGR) of 23.9 per cent over FY08–10. Boilers is the major segment, accounting for 63 per cent of the total revenues. Turbines accounts for 27 per cent while generators account for the remaining 10 per cent.
Production of transformers increased at a CAGR of 7.9 per cent during FY08-10. Domestic transformer industry has the capability to manufacture the whole range of power and distribution transformers including transformers used for HVDC transmission upto 500 KV.
The switch gear industry in India manufactures entire voltage range from 240 KV to 800 KV. Significant advances have been made in control gears due to major developments in the field of technology.
Exports of the electrical machinery sector increased at a CAGR of 14.9 per cent to US$ 1.9 billion from US$ 1.4 billion during FY07-09. Transformers and generators were the primary drivers of the increase in exports.
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