Electrical, Electronics and Optical Companies in India
Electrical Industry in India
The electrical industry forms the core of the power sector of any country. The total installed capacity of power stations in India stood at 346.62 Gigawatt (GW) as of November 2018. The investments in R & D by the electrical industry are amongst the largest in the corporate sector in India.
Electrical equipment industry broadly comprises of two segments:
• Generation Equipment: like boilers, turbines, generators, etc.
• Transmission & distribution (T&D) and allied equipment: like transformers, cables, transmission lines, switch gears, capacitors, energy meters, instrument transformers, etc.
The total market size of electrical machinery in India stood at US$ 24 billion in 2013. The sector contributes about 8 percent to the manufacturing sector in terms of value, and 1.5 percent to the overall GDP. Exports of Indian electrical equipment industry stood at US$ 6.5 billion in the year 2017-18.
Electronics Industry in India
The Indian Electronics industry is being driven by macro factors such as the growing middle-class population and rising disposable income. The Indian electronics products demand is expected to grow at a Compound Annual Growth Rate (CAGR) of 41 percent during 2017-20 to touch US$ 400 billion by 2020.
The Indian electronics industry is broadly classified into two categories:
• IT Hardware & Electronics
The Software Industry is the largest employer of the workforce which is around 4 million people. During April-October 2018, exports of computer hardware & peripherals and consumer electronics stood at US$ 198.04 million and US$ 234.19 million, respectively.
Exports of consumer electronics from India reached US$ 362.11 million in 2017-18.
Optical Industry in India
The Indian markets account for about 1 percent of the world’s consumption of optical products. Eyewear market in India, which has been driven by the changing demographics, fashion culture and changing health care practices in India. The eyewear industry is broadly divided into three categories: eyewear (Sunglasses/Frames), vision care (Contact lenses) and others (Surgical/Healthcare).
It is estimated that 35 percent of India’s population is in need of vision correction, which may be done by surgery, laser therapy, spectacles or contact lenses. The current size of optical retailing in India is estimated at Rs 2,700-3,000 crore.
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• Measuring and testing equipment
• Optical, photographic and cinematographic equipment
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