Power demand is estimated to reach 300,000 megawatt (MW) by 2021. The generation equipment segment garnered revenues of US$ 7.6 billion in FY12. The market expanded at a compound annual growth rate (CAGR) of 28.4 per cent over FY08-12. Boilers is the major segment, accounting for 67.9 per cent of the total revenues in FY12. Turbines accounted for 21.3 per cent, while generators accounted for the remaining 10.8 per cent.
Production of transformers increased at a CAGR of 9.6 per cent during FY08-11. Domestic transformer industry has the capability to manufacture the whole range of power and distribution transformers including transformers used for high voltage direct current (HVDC) transmission upto 500 KV.
The production of switch and control gears has grown at a CAGR of 6.9 per cent during FY08-11. 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 to US$ 2.4 billion in FY11 from US$ 2 billion during FY08. Transformers and generators were the primary drivers of the increase in exports.
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