Potential of Green Energy Generation Equipment Market in India

Potential of Green Energy Generation Equipment Market in India

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Additional Information

Length

7 pages

Publisher

Gyan Research and Analytics Pvt. Ltd.

Table of Content

1. Executive Summary…………………5
2. Overview ………………………………7
2.1 Global …………………………………7
2.2 India ………………………………..10
2.2.1 Market Overview ……………..10
2.2.2 Indian Power Regions and Challenges …………….12
2.2.3 Market Segmentation ……………………………………13
2.2.4 Energy Equipment Industry Overview ……………..14
3. Industry Structure …………………………………………….23
4. Current Scenario ………………………………………………24
5. Growth Drivers and Trends ………………………………..26
6. Policy Framework, Regulations and Incentives ……..30
7. SWOT Analysis ………………………………………………….34
8. Opportunities ……………………………………………………35
9. Issues & Challenges …………………………………………….38
10. Investments and Upcoming Projects ……………………41
10.1 Domestic Investments ………………………………………41
10.2 International Investments ………………………………..42
11. External Trade ……………………………………………………43
11.1 Export ……………………………………………………………..43
11.2 Import …………………………………………………………….44
12. Key Players ………………………………………………………..46
12.1 Bharat Heavy Electricals Limited ………………………46
12.2 Suzlon Energy …………………………………………………..50
12.3 Alstom …………………………………………………………….54
12.4 Siemens …………………………………………………………..58
12.5 Moserbaer Solar ………………………………………………..62
12.6 Tata BP Solar …………………………………………………….63
12.7 Flovel Energy Private Limited ……………………………64
13. Outlook ……………………………………………………………..65

Executive summary

Energy generation has been the world’s most important industry since time immemorial and it continues to remain in the spotlight today. With the population of the world growing incessantly and the average standard of living climbing, the demand for energy is spiraling out of control. Primary energy consumption touched a massive 12,275 million tonnes of oil equivalent (Mtoe) in 2011, while world energy generation stood at 22,018 TWh during the same year.
Traditional sources of energy from fossil fuels are fast depleting. Decreasing reserves of oil, gas and coal has necessitated the diversification of energy generation to cope with ever increasing demand. Hence, intensive research and studies were undertaken to come up with alternative sources of energy, which were not only renewable in nature, but also environmentally friendly. Energy sources such as water, wind, sunlight were identified as the most suitable and have already started to contribute significantly to world energy generation. The most popular green energy sources include hydro, wind, solar, bio-energy, geothermal and tidal energy. Of these, hydro, wind, solar and bio-energy have emerged as the most efficient sources.
In the current scenario, green energy forms a very important segment of the total energy generated in most countries across the globe. It not only mitigates energy deficits, but also helps countries to address various environmental restrictions like the Kyoto Protocol, reduce carbon emissions and protect biodiversity. Thus, green energy generation has become one of the possible answers to all energy related issues world-wide. India too is making giant strides in green energy generation. While hydro energy is the most developed form of green energy in India, the government has been encouraging wind and solar energy strongly. Measures like the National Solar Mission and wind installed capacity targets for states like Madhya Pradesh and Gujarat represent the government’s endeavours to develop and promote green energy.
In tandem with the development of the sector, the equipment market related to it has also grown many-fold and has become a vital link in solving the world’s energy problems. The green energy generation equipment manufacturing industry facilitates in bringing down the establishment costs of these installations.
In its mission to develop the green energy sector, the Indian government is trying to attract leading green energy equipment manufacturers to set up their facilities in the country by easing out regulatory policies, providing financial aid and simplifying the land allocation process. Currently, some of the significant names associated with the Indian green energy generation equipment industry are Suzlon, Bharat Heavy Electricals Limited (BHEL), Asea Brown and Boveri (ABB), Moser Baer, among others.
Though presently India’s production levels of green energy equipment are well below global standards, constant efforts are being made to produce world-class wind turbines, solar cells and boilers for efficient and clean energy generation. Some of the steps taken by the Indian government include manufacturing of more sophisticated equipment, such as direct drive wind turbines, managing silicon production for the cost effective production of PV cells and encouraging the production of small hydro turbines.
Backed by various government initiatives and financial support, more and more international equipment manufacturers are finding the India market attractive. Further, with technological advancement on the anvil, the country is well set on the path to becoming a manufacturing hub for many green energy equipment makers.

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