Charting the future of switchgear

Discussion on  switchgear industry and its growth. As per IEEMA, the current size of the LV switchgear industry is ` 11,200 crore out of which the domestic switchgear market comprising of products such as Miniature Circuit Breakers (MCB), Residual Current Circuit Breakers (RCCB), and Distribution Boards (DB) account to ` 2,500 crores. MCB imports have increased by 44 per cent while the MCB exports have outpaced the imports with a staggering increase of 80 per cent over the last year, contributing to over ` 350 crores to the industry.
When asked about the performance of Indian switchgear market during the year 2015-16, experts have shared different views. According to Rajesh Nandwani, Vice President and Business Unit Head-Switchgear, Anchor Electricals. “The domestic market has grown between 8-10 per cent. The second and third quarters of the year lacked momentum, however there is an increase in demand for the last quarter.”
Whereas Dr Katsutoshi Toda, CMD, Toshiba Transmission and Distribution India (TTDI) says, “Switchgear market had an estimated growth of approximately 10 per cent. The major growth was contributed by the LV segment and a marginal growth was witnessed in the HV segment.”
As per L N Rattihalli, Strategic Business Unit Head – LV and MV Switchgear Products, Micronova Impex Pvt Ltd there has been a growth of 20 per cent in the switchgear industry.However, A.V Jagdish Senior Vice President, Havells India Ltd said, “The LV switchgear industry in India witnessed single digit growth during the past one year.” He further explains, “The market for switchgears is well established in India and with lot of demand coming from residential as well as industrial segments and large dosage of investments across industries; we expect strong demand in the coming years.”
Market outlookIndian power sector is undergoing major reforms in generation, transmission and distribution. As the demand for the power distribution equipment would significantly increase post implementation of UDAY scheme for discoms, the  financial year (i.e. FY17) is expected to be a very challenging year for the electrical equipment industry. More than 9 state governments have already signed MoU for this scheme which will be a major boost to the distribution segment. “We are witnessing adoption of new technologies and solutions in the sector to address the challenges of reducing AT&  losses in the T & D segment. This will open up new opportunities in the T&D sector for energy efficient, reliable and safe equipment,” says Toda on sharing his outlook  for 2016-17. With the huge potential in the renewable sector, especially solar and wind, demand for new products and technologies is going to increase significantly. TTDI is positioning to address these markets by offering complete products and solutions which are energy efficient and highly reliable to the grid, Toda informs.
With the ‘Make In India’ movement the switchgear industry is expected to witness a huge growth. Nandwani expects that the industry to perform better than last year and change the trend to positive indication as the residential and commercial switchgear demand foresees a rise, while the ‘Make in India’ initiative may boost the industrial switchgear segment. He adds, “The LV switchgear market particularly the domestic market is expected to witness an increased demand as a result of the government’s ambitious plans that focus on housing and the impetus offered to overall infrastructural growth.”
Jagdish observes, “It is estimated that the switchgear industry in India will reach ` 21,500 crore by 2017 and will witness a double digit growth in near future.”
Growth drivers While explaining about the major growth drivers for 2016-17 Toda informs, “Power sector reforms, policies and investments to meet the energy demand are the major growth drivers. New policies like UDAY, open access, Tarriff Based Bidding (TBCB),  focus on the renewable sector, smart grid projects and other infrastructure growth plans especially railways will drive the electrical equipment industry in the near future.”
While the overall power sector will see transformation and capacity expansion, the demand for LV switchgear may rise with schemes such as  UDAY (Ujjwal Discom Assurance Yojana), IPDS (Integrated Power Development Scheme) and DDUGJY (Deen Dayal Upadhyay Gram Jyoti Yojana) schemes. “With passing of the Real Estate Regulatory Bill and construction works being expedited to be completed within stipulated time-lines, we expect the domestic market to grow at a fast pace. It will keep the sustained growth rate of 10 per cent,” states Nandwani.
According to Jagdish the government’s plan for urbanisation and smart cities will open up many opportunities for the electrical industry. He says, “The government’s amplified focus on infrastructure development and launch of ambitious smart cities project would lead to increased urbanisation and greater demand for electrical equipment which will be the major growth driver for the switchgear segment. Also, with growing concerns about safety and security, people prefer to buy branded and high quality electrical equipment will give huge stimulus to the development of this segment.”
In view of the central government,s focus on solar power, lot many projects which are sanctioned in the last year are being implemented during the year 2016-17. This addition of solar power certainly gives raise to the business opportunity for inverter, switchgear, transformer, fuses, solar panel manufacturers, states Rattihalli.
Performance and future roadmap  Anchor plans to focus on adding more products under the UNO portfolio this year. With a new facility being commissioned at Haridwar in the third quarter of the year,  the company foresees venturing into commercial switchgear segment with some products by end of 2016-17. “Despite the slow growth, Anchor’s switchgear business has performed well and has grown at a rate better than the switchgear market in the present year. We expect this trend to continue with incorporation of additional products under our UNO basket,” says Nandwani.  Speaking about the performance and future roadmap for Havells, Jagdish states, “We continue to focus on research and development so that we keep delivering superior products to our customers.” Havells also plans to launch a slew of products for various segments across geographies.
Informing about the TTDI’s performance Toda says, “With gas insulated switchgears and solid insulated switchgear infrastructure facilities fully operational, we expect to cater to the demand in  T&D sector in India for the 12th Plan and beyond.”
While informing about Micronova Impex’s  performance Rattihalli informs, “Our company growth is  16 per cent in line with the industrial growth. We look forward to be part of solar revolution and catch up the business opportunity.”
Switchgear market had an estimated growth of approximately 10 per cent.Dr Katsutoshi Toda, CMD, Toshiba Transmission and Distribution India
Despite the slow growth, Anchor’s switchgear business has performed well and has grown at a rate better than the switchgear market in the present year.Rajesh Nandwani, Vice President & Switchgear Business Unit Head,Anchor Electricals.
It is estimated that the switchgear industry in India will reach ` 21,500 crore by 2017 and will witness a double digit growth in near future.A.V, Jagdish,Senior Vice President,Havell India Pvt Ltd

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Charting the future of switchgear

Discussion on  switchgear industry and its growth. As per IEEMA, the current size of the LV switchgear industry is ` 11,200 crore out of which the domestic switchgear market comprising of products such as Miniature Circuit Breakers (MCB), Residual Current Circuit Breakers (RCCB), and Distribution Boards (DB) account to ` 2,500 crores. MCB imports have increased by 44 per cent while the MCB exports have outpaced the imports with a staggering increase of 80 per cent over the last year, contributing to over ` 350 crores to the industry.
When asked about the performance of Indian switchgear market during the year 2015-16, experts have shared different views. According to Rajesh Nandwani, Vice President and Business Unit Head-Switchgear, Anchor Electricals. “The domestic market has grown between 8-10 per cent. The second and third quarters of the year lacked momentum, however there is an increase in demand for the last quarter.”
Whereas Dr Katsutoshi Toda, CMD, Toshiba Transmission and Distribution India (TTDI) says, “Switchgear market had an estimated growth of approximately 10 per cent. The major growth was contributed by the LV segment and a marginal growth was witnessed in the HV segment.”
As per L N Rattihalli, Strategic Business Unit Head – LV and MV Switchgear Products, Micronova Impex Pvt Ltd there has been a growth of 20 per cent in the switchgear industry.However, A.V Jagdish Senior Vice President, Havells India Ltd said, “The LV switchgear industry in India witnessed single digit growth during the past one year.” He further explains, “The market for switchgears is well established in India and with lot of demand coming from residential as well as industrial segments and large dosage of investments across industries; we expect strong demand in the coming years.”
Market outlookIndian power sector is undergoing major reforms in generation, transmission and distribution. As the demand for the power distribution equipment would significantly increase post implementation of UDAY scheme for discoms, the  financial year (i.e. FY17) is expected to be a very challenging year for the electrical equipment industry. More than 9 state governments have already signed MoU for this scheme which will be a major boost to the distribution segment. “We are witnessing adoption of new technologies and solutions in the sector to address the challenges of reducing AT&  losses in the T & D segment. This will open up new opportunities in the T&D sector for energy efficient, reliable and safe equipment,” says Toda on sharing his outlook  for 2016-17. With the huge potential in the renewable sector, especially solar and wind, demand for new products and technologies is going to increase significantly. TTDI is positioning to address these markets by offering complete products and solutions which are energy efficient and highly reliable to the grid, Toda informs.
With the ‘Make In India’ movement the switchgear industry is expected to witness a huge growth. Nandwani expects that the industry to perform better than last year and change the trend to positive indication as the residential and commercial switchgear demand foresees a rise, while the ‘Make in India’ initiative may boost the industrial switchgear segment. He adds, “The LV switchgear market particularly the domestic market is expected to witness an increased demand as a result of the government’s ambitious plans that focus on housing and the impetus offered to overall infrastructural growth.”
Jagdish observes, “It is estimated that the switchgear industry in India will reach ` 21,500 crore by 2017 and will witness a double digit growth in near future.”
Growth drivers While explaining about the major growth drivers for 2016-17 Toda informs, “Power sector reforms, policies and investments to meet the energy demand are the major growth drivers. New policies like UDAY, open access, Tarriff Based Bidding (TBCB),  focus on the renewable sector, smart grid projects and other infrastructure growth plans especially railways will drive the electrical equipment industry in the near future.”
While the overall power sector will see transformation and capacity expansion, the demand for LV switchgear may rise with schemes such as  UDAY (Ujjwal Discom Assurance Yojana), IPDS (Integrated Power Development Scheme) and DDUGJY (Deen Dayal Upadhyay Gram Jyoti Yojana) schemes. “With passing of the Real Estate Regulatory Bill and construction works being expedited to be completed within stipulated time-lines, we expect the domestic market to grow at a fast pace. It will keep the sustained growth rate of 10 per cent,” states Nandwani.
According to Jagdish the government’s plan for urbanisation and smart cities will open up many opportunities for the electrical industry. He says, “The government’s amplified focus on infrastructure development and launch of ambitious smart cities project would lead to increased urbanisation and greater demand for electrical equipment which will be the major growth driver for the switchgear segment. Also, with growing concerns about safety and security, people prefer to buy branded and high quality electrical equipment will give huge stimulus to the development of this segment.”
In view of the central government,s focus on solar power, lot many projects which are sanctioned in the last year are being implemented during the year 2016-17. This addition of solar power certainly gives raise to the business opportunity for inverter, switchgear, transformer, fuses, solar panel manufacturers, states Rattihalli.
Performance and future roadmap  Anchor plans to focus on adding more products under the UNO portfolio this year. With a new facility being commissioned at Haridwar in the third quarter of the year,  the company foresees venturing into commercial switchgear segment with some products by end of 2016-17. “Despite the slow growth, Anchor’s switchgear business has performed well and has grown at a rate better than the switchgear market in the present year. We expect this trend to continue with incorporation of additional products under our UNO basket,” says Nandwani.  Speaking about the performance and future roadmap for Havells, Jagdish states, “We continue to focus on research and development so that we keep delivering superior products to our customers.” Havells also plans to launch a slew of products for various segments across geographies.
Informing about the TTDI’s performance Toda says, “With gas insulated switchgears and solid insulated switchgear infrastructure facilities fully operational, we expect to cater to the demand in  T&D sector in India for the 12th Plan and beyond.”
While informing about Micronova Impex’s  performance Rattihalli informs, “Our company growth is  16 per cent in line with the industrial growth. We look forward to be part of solar revolution and catch up the business opportunity.”
Switchgear market had an estimated growth of approximately 10 per cent.Dr Katsutoshi Toda, CMD, Toshiba Transmission and Distribution India
Despite the slow growth, Anchor’s switchgear business has performed well and has grown at a rate better than the switchgear market in the present year.Rajesh Nandwani, Vice President & Switchgear Business Unit Head,Anchor Electricals.
It is estimated that the switchgear industry in India will reach ` 21,500 crore by 2017 and will witness a double digit growth in near future.A.V, Jagdish,Senior Vice President,Havell India Pvt Ltd

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