Inverters, generators demand in NCR to grow by 30 pc
Demand for inverters and generators this summer is likely to grow by about 30 per cent in the national capital region (NCR), which may face power shortage of up to 10 hours, says Assocham.
By PTI |
NEW DELHI: Demand for inverters and generators this summer is likely to grow by about 30 per cent in the national capital region (NCR), which may face power shortage of up to 10 hours, industry body Assocham said on Monday.
"The demand for inverters, their batteries and generators will rise to the extent of 30-35 per cent as NCR is unlikely to be supplied power supplies either from neighbouring region or else from far off power producing sources," Assocham said.
The chamber also said players in the organised inverter market like Su-Kam, Microtech and Luminous would face tough competition from the unorganised industry. Branded inverters are costlier by about Rs 2,000-2,500 a piece against the unbranded ones.
The industry body said in view of demand-supply mismatch, the industrial and residential areas could witness power cuts in the range of 8-10 hours a day.
Assocham Secretary General D S Rawat said the inverter market in NCR, estimated at Rs 2,500 crore last year, was poised to grow to about Rs 3,000 crore this summer.
The generator market, on the other hand, is expected to grow at least by over Rs 1,200 crore from the current size of close to Rs 5,000 crore to over Rs 6,200 crore, he said.
"Since, hardly any capacity addition has been done in the region in the last couple of months, the power shortage will be met through installation of inverters and generators," Rawat added.
"The demand for inverters, their batteries and generators will rise to the extent of 30-35 per cent as NCR is unlikely to be supplied power supplies either from neighbouring region or else from far off power producing sources," Assocham said.
The chamber also said players in the organised inverter market like Su-Kam, Microtech and Luminous would face tough competition from the unorganised industry. Branded inverters are costlier by about Rs 2,000-2,500 a piece against the unbranded ones.
The industry body said in view of demand-supply mismatch, the industrial and residential areas could witness power cuts in the range of 8-10 hours a day.
Assocham Secretary General D S Rawat said the inverter market in NCR, estimated at Rs 2,500 crore last year, was poised to grow to about Rs 3,000 crore this summer.
The generator market, on the other hand, is expected to grow at least by over Rs 1,200 crore from the current size of close to Rs 5,000 crore to over Rs 6,200 crore, he said.
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"Since, hardly any capacity addition has been done in the region in the last couple of months, the power shortage will be met through installation of inverters and generators," Rawat added.
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