CAGR% (08-10)(10-15f)(15f-20f) 4.6 6.6 7.2 3.7 (1.2) 6.1 2.6 (2.3) 16.3 6.3 3.8 5.9 3.6 3.2 4.9 6.4 5.4 2.2 5.1 2.7 5.2 8.6 3.9 3.1 6.5 7.5 6.3 3.5 7.4 5.0
Latin Am. North Am. Europe Russia + CIS Africa Middle East Rest of Asia India China
India accounts for 6% of the Global T&D Market India a fast growing market
EMEA (36%)
Asia (39%)
Players
World market, $bn
72
87 8 72 6 10 10 9 10 12 15 2011 14 18 2015f 11 14 10 12
Total
4.3
Siemens
3.2 4.0
ABB
Emerging Competition
Growing market share of Asian Imports stronger than Export
2007-12 CAGR Import --- 19% 2007-12 CAGR Export --- 11%
PGCIL Market Share FY 08/09 FY 11/12 ( 765 kV TX, S/S) Major Competitors PBT % (2011.03-2012.06)
16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Mar 11 Jun 11 Sep 11 Dec 11 Mar12 IT; Jun12 Source: Annual Reports, Quarterly results, Presentations to analysts
Decreasing Profitability
Major T&D PBT % (2011.03-2012.06)
Technology/Innovation
New needs for Strong Indian Power Quality Standards Affordable technologies
Critical Mass
Technology/ Innovation
UHV
HVDC
FACTS
Renewables
Smart Grid
Local Reach
Global Reach
Specialist players
Note: *Motors, generators, drives and automation; **Network Power, Industrial Automation and Appliances divisions Source: L.E.K. Research, Interviews and Analysis
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Take Away
T&D A Growing Market Driven by Asia India Market Requesting Indian Specific Solutions Indian Industry active but. collective action required
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