Massive Expenditure Will Drive Robust Growth of Industry
The Electric Power Industry Automation and Asset Management Outlook for India provides an in-depth analysis of automation and asset management solutions deployed by the industry. In addition to the market analysis and forecasts, the study also covers the current market nuances, strategic issues, and future outlook.
Presently, ranking fifth largest globally in terms of generating capacity, India’s total installed generating capacity is a little over 170,000 MW. Despite this, the country’s demand for electric power outstrips supply by about 10 percent, and almost one third of the country’s population has no access to electricity. Responding to this grim situation, the electric power industry is working on strategies to hasten the commissioning of new plants.
In addition to the investments in commissioning of new plants, the industry is also witnessing mega investments to increase its transmission and distribution network with the implementation of the R-APDRP program. These investments will drive the robust growth of the automation and asset management systems’ market during the forecast period.
This study provides information about various factors that influence the automation and asset management market in India’s electric power industry.
The study also provides information relating to various capital expenditure and profiles of leading electric power generation, transmission, and distribution companies. The report also contains the profiles of leading automation and asset management suppliers to the electric power industry.
Strategic Issues
India's electric power industry remains the most attractive market for automation and asset management suppliers seeking growth opportunities. It is important for suppliers seeking growth opportunities to develop and implement appropriate business strategies. The report discusses several strategic issues, such as:
- Which automation and asset management products offer the greatest growth potential?
- How do automation systems and asset management solutions improve the performance of electric power plants?
- What strategies should supplier companies follow to succeed in the electric power industry business in India?
- Key investment plans of India’s leading utility companies.
