India is a major player in the global wind turbine market. In terms of wind power installed capacity, India is ranked 5th in the world.
The report begins with an overview of the macroeconomic scenario prevalent in India currently. The introduction section which follows gives an overview of the total power scenario in India along with the share of renewable energy in the overall power capacity. It also highlights the generation procedure and the cost component of wind power. Components of a wind turbine along with the various technological options are also tabulated. The market overview section provides an insight into the wind turbine market which includes the historical and forecasted growth and size of wind turbine installations in India. Market segmentation in terms of geared and gearless turbines and ownership of installation are revealed here. Cost component difference in geared and gearless turbines is also highlighted along with the difference in the two prevailing business models in the wind energy sector. Export and Import figures for wind mills & turbines are shown for the last four fiscal years.
An analysis of the drivers explains the factors for growth of the industry which includes the huge untapped wind power potential in the country, energy deficiency condition in India, global drive towards clean energy, volatile global prices of oil and depleting coal reserves. However few challenges plague the wind turbine manufacturing sector in India which includes withdrawal of GBI and AD schemes, rise in prices of important raw materials like steel and copper and land acquisition problems.
Key trends in this sector are the potential of off-shore capacity, investments vertical integration in wind power business, hybrid generators, and the advent of Small Wind Turbines (SWT's) in India.
Special initiatives are taken by the regulatory bodies like the Ministry of New and Renewable Energy (MNRE), Indian Renewable Energy Development Agency (IREDA), Centre for Wind Energy Technology (C-WET) and industry bodies like Indian Wind Energy Association (InWEA) and Indian Wind Turbine Manufacturers Association (IWTMA). Their description and the role played by them in the growth of renewable energy sector are given. Policy and regulatory incentives given by the central & various state governments are also tabulated.
The competitive landscape section begins with the Porter's Five Force analysis of the sector, illustrating the competitive rivalry, bargaining power of suppliers and buyers and threat of new entrants and substitutes. It also shows the market share held by major manufacturers. It outlays the competitive landscape of the wind turbine market in India briefing about the domestic players existing in the market. This section provides a three dimensional analysis of domestic key players' revenues, profits and market capitalization. The report also features brief profiles of major domestic players in the market and a snapshot of their corporations, financial performance along with the key financial ratios, business highlights and their product portfolio providing an insight into the existing competitive scenario. Individual SWOT analysis of each player is also highlighted.
The report concludes with a section on market entry strategies which comprises cost reduction techniques, various market entry approaches, expectations of a new supplier and successful game plans adopted by major players in this sector.
- Table of Contents
Slide 1: Executive Summary
Slide 2: GDP at Factor Cost: Quarterly & Inflation Rate: Monthly
Slide 3: Gross Fiscal Deficit: Monthly & Exchange Rate: Half Yearly
Slide 4: Lending Rate: Annual, Trade Balance: Annual & FDI: Annual
Slide 5: India - Energy Scenario
Slide 6: Renewable Energy Scenario
Slide 7: Wind Power - Generation Procedure & Cost Component
Slide 8: Wind Turbine Generator Components
Slide 9: Turbine Technology Options
Slide 10: Types of Turbine Towers
Slide 11: Market Overview (2007-2017e)
Slide 12: Market Segmentation (Geared vs. Gearless & Ownership of Installation)
Slide 13: Cost Component Variation (Geared vs. Gearless)
Slide 14-15: Indian Business Models
Slide 16: Export of Wind Mills & Turbines (Value-Wise)
Slide 17: Import of Wind Mills & Turbines (Value-Wise)
Drivers & Challenges
Slide 18: Drivers & Challenges - Summary
Slide 19-24: Drivers
Slide 25-28: Challenges
Slide 29: Summary
Slide 30-35: Trends
Slide 36: Major Government Bodies
Slide 37: Major Associations
Slide 38: Policy and Regulatory Incentives
Slide 39: Porter's Five Forces Analysis
Slide 40: Wind Turbine Market - Market Share
Slide 41: Manufacturers Offering Class II and Class III Wind Turbines
Slide 42-46: Competitive Benchmarking (FY 2012)
Slide 47-54: Major Public Players - Corporate information, financial snapshot and summary key ratios, key business and geographic segments, business highlights and SWOT analysis
Slide 55-110: Major Private Players - Corporate information, ownership and shareholding structure of company, financial snapshot, key ratios, business highlights and SWOT analysis
Slide 111: Cost Reduction for Manufacturing WTG -Summary
Slide 112-118: Cost Reduction Techniques
Slide 119-122: Market Entry Strategies
Slide 123: Appendix
Slide 124: Sources of Information
- List of Figures
1. GDP at Factor Cost: Quarterly
2. Inflation Rate: Monthly
3. Gross Fiscal Deficit: Monthly
4. Exchange Rate: Half Yearly
5. Lending Rate: Annual
6. Trade Balance: Annual
7. FDI: Annual
1. Break Up of the Total Energy Sector
2. Break up of the Renewable Energy Sector
3. Cost Breakup of a Wind Farm
1. Market Size: Historical & Forecast (2007-2017)
2. Market Segmentation: Geared vs. Gearless (2012)
3. Market Segmentation: Ownership of Installation (2012)
4. Cost Break-up of a Geared Turbine (2011)
5. Cost Break-up of a Geared Turbine (2011)
6. Export of Wind Mills & Turbines (Value-Wise: FY2009-FY2012)
7. Exports (Country-Wise: FY2011-12)
8. Exports (Country-Wise: FY2010-11)
9. Import of Wind Mills & Turbines (Value-Wise: FY2009-FY2012)
10. Imports (Country-Wise: FY2011-12)
11. Imports (Country-Wise: FY2010-11)
Drivers & Challenges
1. India Energy Demand-Supply Forecasts
2. Specific CO2 Emissions from Power Plants (2011-2012)
3. Rise in Crude Oil Prices
4. Shortfall in Coal Supply
5. Steel - Price Rise
6. Copper - Price Rise
1. State Wise Distribution of Wind-Solar Hybrid Systems (2011)
1. Wind Turbine Market - Market Share (FY2012)
2. Company profiles (All companies)
a. Financial Snapshot (Except Regen Powertech)
b. Key Business segments (Public Companies)
c. Key Geographic Segments (Public Companies)
d. Ownership Structure (Private Companies except Wind World and Regen Powertech)
3. Competitive Benchmarking Ratios of top 5 companies (FY2012)
a. Operating Margin
b. Net Margin
c. Return on Equity
d. Return on Capital Employed
e. Current Ratio
f. Debtors Turnover Ratio
g. Debt to Equity Ratio
h. Interest Coverage Ratio
1. Percent decrease in COE from baseline from Technology Improvements
- List of Tables
1. Business Model Comparison
Drivers & Challenges
1. Untapped Potential in Five Leading States
1. Policy and Regulatory Incentives
1. Manufacturers Offering Class II and Class III Wind Turbines
2. Public Trading Comparables (FY 2012)
3. Company profiles (All Companies)
a. Company Information (All Companies)
b. Products and Services (All Companies)
c. Key People (All Companies)
d. Shareholders of the Company (Private Companies except Wind World (India) Ltd. & Regen Powertech Private Ltd. )
e. Key Financial Performance Indicators (Public Company)
f. Key Ratios (Except: Wind World (India) Ltd. & Regen Powertech Private Ltd.)
g. Business Highlights (All Companies)
2. Sources of Information
- Companies Covered
1. Suzlon Energy Ltd.
2. The Tata Power Company Ltd.
1. GE India Industrial Private Ltd.
2. Vestas Wind Technology India Private Ltd.
3. Kenersys India Private Ltd.
4. Gamesa Wind Turbines Private Ltd.
5. Wind World (India) Ltd.
6. RRB Energy Ltd.
7. Global Wind Power Private Ltd.
8. Regen Powertech Private Ltd.
9. Winwind Power Energy Private Ltd.
10. Chiranjjeevi Wind Energy Ltd.
11. Inox Wind Ltd.
12. Leitwind Shriram Manufacturing Ltd.