India’s Power Sector
As on 31.03.2023
Target for FY 2023-24
Installed Power Generation Capacity:
Conventional : 2,90,899 MW
Renewable : 1,25,160MW
Installed Power Generation Capacity:
Conventional : 18,980 MW
AC Transmission Lines: 4,68,689ckm
HVDC : 19,087 ckm
765 KV : 52,608 ckm
400 KV : 1,97,097 ckm
220 KV : 1,99,897ckm
AC Transmission Lines: 16,602 ckm
HVDC : NIL
765 KV : 2,076 ckm
400 KV : 7,326 ckm
220 KV : 7,200 ckm
AC Substation Transformation Capacity:
11,46,852 MVA
HVDC: 32,500 MW
765 KV : 2,76,700 MVA
400 KV : 4,25,748 MVA
220 KV : 4,44,404 MVA
AC Substation Transformation Capacity:
78,109 MVA
HVDC : NIL
765 KV : 21,000 MVA
400 KV : 32,160 MVA
220 KV : 24,949 MVA
Inter-Regional Transmission Capacity:
1,12,250 MW
Likely installed capacity by the end of 2026-27
MW
Hydro
PSP
Solar
Wind
Biomass
2026-27
52446
7446
185566
72896
13000
SHP
Nuclear
Coal + Lignite
Gas
TOTAL
BESS (MW/MWh)
5200
13080
235133
24824
609591
8,680
Transmission System for Integration of over 500 GW RE Capacity by 2030
- The tentative additional ckm and MVA capacity under ISTS, required for integration of additional RE capacity by 2030 is given
±800
±350
765
400
220
Total
Transmission Lines (ckm)
6200
1920
25960
15758
1052
50890
Sub-station capacity (MVA)
20000
5000
274500
134075
0
433575
- NEP_generation_2022-32, Trans Sys Integrated System_REN_2030
% Growth index for Electrical Equipment Industry
Product
FY 21
FY 22
FY 23
Rotating Machines
0.1
24.0
5.7
LV Switchgear
-1.8
25.7
6.1
HV Switchgear
-11.7
56.1
-5.5
Cables
-21.0
21.4
19.4
HV Switchgear
-11.7
56.1
-5.5
Power Transformer
-4.2
-4.4
13.8
Distribution Transformer
-37.0
-4.9
21.1
Capacitors
-14.3
35.6
-8.3
Energy Meters
-40.4
10.9
15.0
Transmission Line Tower
-9.5
0.9
-5.0
Conductors
-14.2
-1.3
34.4
Insulator
-6.7
-11.5
-1.9
Instrument Transformer
-10.2
12.0
9.6
Surge Arrester
-17.5
13.1
-16.9
Overall Growth Index
-14.8
17.1
13.2
Industry Production (Estimated) for 2022-23: INR 2,56,000 crores (USD 32 Billion) to update
- Exports: INR 94,169 crores (approx. 11.1 USD Billion)
- Imports: INR 1,01,181(approx. US$ 11.9 Billion)
- Industry represents 45% in Capital Goods sector, 6.8% in Total Manufacturing and 1% in GDP in India
Status of Power Equipment Industry growth in FY2022-23
- In FY21-22, industry has clocked consistent double digit growth of 13% on Y-o-Y basis over FY21-22
Transmission equipment:
- Demand for Transmission equipment covering Transmission line towers has shown decline at HV side; at the same Exports have grown.
- Conductors has shown surge in supply to > 40% due to pick up in Export orders also.
- Insulators have shown stagnancy; however, porcelain is showing marginal growth but polymer showing declining trend
- Surge Arrester showing a declining trend of about 14% & 24% for Polymer and Porcelain type due to sluggishness in offtake from domestic CPSUs & exports
Sub-station equipment:
- Decline in High voltage switchgears is mainly from HV & EHV segment whereas MV both AIS & GIS showing positive growth, mostly from domestic demand coming from state utilities and CPSUs for increasing the sub-station network.
- Power and Distribution Transformers have shown consistent 14% & 21% growth due to renewed demand domestically
- LV and MV Power Cables are witnessing a growth of over 20% due to offtake in domestic demand with support of increased export orders. LD / HW Cables showing over 20% jump in demand due to pick up in real estate sector
- HT Capacitors production has jumped by 30% due to surge in domestic demand. LT Capacitor have however decline by about 20% due to reduction in domestic & export orders
Distribution equipment:
- Energy Meters demand especially for Smart & prepaid meters is improving substantially due to increased domestic orders and exports
- Low Voltage switchgear overall has continued its growth trend from last year registering 7% growth due to sustained demand from Realty, Infrastructure & other manufacturing industries as well as exports. However LV control & protecting devices shown declining trend
- Similarly, rotating machines segment also shown growth of 6%; mainly due to effect of policy change of replacing old inefficient motors with minimum IE2 standard high efficient motors. Core sectors like Cement, Steel, Water etc. are major drivers for the same.
India’s Exports and Imports scenario:
- Overall Exports have increased by 30% last year. Major products exported – Rotating Machines, Power Electronics, Switchgear & Panels, Transformers, Cable & TLT Exporting Countries – USA, UAE, Germany, UK, Bangladesh
- Imports have also increased by 24% *in last year especially for Power Electronics, Transformers & parts, LV and HV Cables, LV & HV Custom built products, Rerating Machines etc.
- China still accounts for about 37% share in Imports followed by Germany and Japan.
Source : CEA
INDUSTRY UPDATES
- April to March 2022-23
- April to December 2021-22
- April to September 2021-22
- April to June 2021-22
- April to March 2020-21
- April to December 2020-21
- April To September 2020-21
- April To March 2019-20
- April to December 2019-20
- April To September 2019-20
- April To June 2019-20
- April To March 2018-19
- April To January 2018-2019
- April To September 2018-2019
- April to March 2017-2018
- April to January 2017-2018
- April To September 2017-18
- April To June 2017-18
- April to March 2016-17
- April to December 2016-2017
- April to September 2016-2017
India’s Power Sector
As on 31.03.2022
Target for FY 2022-23
Installed Power Generation Capacity:
Conventional : 2,89,612 MW
Renewable : 1,09,885 MW
Installed Power Generation Capacity:
Conventional : 8,830 MW
AC Transmission Lines: 4,56,428ckm
HVDC: 19,087 ckm
765 KV :51,023 ckm
400 KV :1,93,978ckm
220 KV :1,92,340ckm
AC Transmission Lines: 21,098ckm
HVDC : NIL
765 KV : 1,658 ckm
400 KV : 9,479 ckm
220 KV : 9,961 ckm
AC Substation Transformation Capacity:
10,70,950 MVA
HVDC: 32,500 MW
765 KV : 2,57,200 MVA
400 KV :3,93,113 MVA
220 KV :4,20,637 MVA
AC Substation Transformation Capacity:
95,659 MVA
HVDC : NIL
765 KV : 27,000 MVA
400 KV :42,570MVA
220 KV :26,089 MVA
Inter-Regional Transmission Capacity:
1,12,250MW
% Growth index for Electrical Equipment Industry
Product
FY 20
FY 21
FY 22
Rotating Machines
- 10.2
0.1
24.0
LV Switchgear
3.3
-1.8
25.7
HV Switchgear
- 18.6
-11.7
56.1
Cables
- 17.1
-21.0
21.4
Power Transformer
- 19.7
-4.2
-4.4
Distribution Transformer
- 18.8
-37.0
-4.9
Capacitors
- 19.1
-14.3
35.6
Energy Meters
- 14.1
-40.4
10.9
Transmission Line Tower
- 11.5
-9.5
0.9
Conductors
- 23.6
-14.2
-1.3
Insulator
- 18.3
-6.7
-11.5
Instrument Transformer
- 19.7
-10.2
12.0
Surge Arrester
- 19.0
-17.5
13.1
Overall Growth Index
- 14.1
-14.8
17.1
Industry Production (Estimated) for 2021-22: INR 2,16,000 crores (USD 30 Billion)
- Exports: INR 72,634crores (approx. 9.7 USD Billion)
- Imports: INR 81,422crores (approx. US$ 10.9 Billion)
- Industry represents 45% in Capital Goods sector, 6.8% in Total Manufacturing and 1% in GDP in India
India’s Electrical Equipment Industry
- Comprises of two segments – generation equipment (boilers, turbines, generators) and transmission & distribution (T&D) and allied equipment like transformers, cables, transmission lines, switchgears, capacitors, energy meters, instrument transformers, surge arrestors, stamping and lamination, insulators, insulating material, industrial electronics, indicating instruments, winding wires, etc. The T&D equipment sector 85% of the industry whereas generation equipment sector is 15%
- Combined turnover of IEEMA members in excess of USD 50 Billion
- Industry Production (Estimated) for 2019-20: INR 1,80,000 crores (USD 24.5 Billion)
- Exports: INR 72,634crores (approx. 9.7 USD Billion)
- Imports: INR 81,422crores (approx. US$ 10.9 Billion)
- 7.8% of manufacturing sector is terms of value and 1.23% of India’s GDP
- Direct employment to 5 lakh persons, indirect to 10 lakhs, and over 50 lakhs across the entire value chain
- Diversified, matured and strong manufacturing base, with robust supply chain
- Rugged performance design of equipment to meet tough network demand
- Presence of large SMEs, large conglomerate with major foreign players, either directly or through technical collaborations with Indian manufacturers
- State-of-art technology in most sub-sectors at par with global standards
- Focus on green manufacturing technology
- Major Export Markets: United States of America, United Arab Emirates, Germany, United Kingdom, Nigeria, Saudi Arabia, Australia, Brazil, Canada, France
- Major Export Products:, Switchgear and Controlgear, Transformers & Parts, Industrial Electronics, Cables, Transmission Line Towers, Conductors, Rotating Machines (Motors, AC Generators, Generating Sets) & Parts
- The size of Capital Goods industry market size is $92 Billion while Power Equipment share in it is about 55%
Source : CEA
INDUSTRY UPDATES
- April to March 2022-23
- April to December 2021-22
- April to September 2021-22
- April to June 2021-22
- April to March 2020-21
- April to December 2020-21
- April To September 2020-21
- April To March 2019-20
- April to December 2019-20
- April To September 2019-20
- April To June 2019-20
- April To March 2018-19
- April To January 2018-2019
- April To September 2018-2019
- April to March 2017-2018
- April to January 2017-2018
- April To September 2017-18
- April To June 2017-18
- April to March 2016-17
- April to December 2016-2017
- April to September 2016-2017
