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Over the last three years the DCS market in India grew at a CAGR in excess of 20 per cent and despite global economic downturn, growth will continue, resulting in a positive five-year outlook.

Arc Advisory Group expects there to be continued growth in the India DCS market through 2012, with the overall CAGR of just under 15.2 per cent.

Significant investments will be channelled into the electric power industry in India over the next 15 years and beyond.

Other process industries are also likely to grow significantly, powered largely by the domestic demand.

India’s battle for overcoming current power shortages means continuous investments will be required to match the economic growth.

Despite the planned addition of 78,000MW of electric power generation during the ongoing Eleventh Five Year Plan (financial years 2008 to 2013), the demand-supply gap will cease to exist.

With coal-fired electric power generating plants making extensive use of DCS technology, DCS market growth is assured.

The bulk of capacity additions are expected to be through state-owned enterprises, such as NTPC, India’s largest electric power company, and through regional electric utilities.

With a majority of projects planned, vetted, and financed by Power Finance Corporation (PFC), large-scale slippages are far less likely in the present phase of expansion.

Furthermore, a far greater private participation in the growth of the electric power industry besides power trading is now a reality.

Coastal and coal pithead-based ultra-mega power projects (UMPPs) are also expected to usher in competition for establishing power projects of extraordinary scale.

Electric power industry opportunities in India also include captive power plants (CPPs) being established by process industry manufacturers across verticals to meet internal needs.

The demand for DCSs from the Indian power segment will range from small to large systems, with accompanying opportunities for suppliers.

DCS suppliers will need to institute strategic alliances with global and domestic EPCs and turnkey contractors to leverage contracts.

Arc Advisory Group

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