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Demand for inverters set to shoot up

Staff reporter

NEW DELHI: T he weather forecast indicating a sizzling summer ahead and the threat of long power cuts may have spelt bad news for consumers, but for generator and inverter manufacturers the season is likely to boost business.

According to Associated Chambers of Commerce and Industry of India (ASSOCHAM), the hike in the demand for inverters, their batteries and generators is expected to go up by 20 to 25 per cent in the summer months, particularly in the National Capital Region.

The worst affected sectors, according to the study, will be industrial and residential areas, hospitals, schools and shopping centres, which will have to bear power cuts ranging between 10 to 12 hours a day.

The report on "Demand Growth for Power in NCR", released by ASSOCHAM earlier this week, points out that owing to a demand-supply mismatch of power in the NCR, which is unlikely to be supplied power either from the neighbouring region or from far off power producing sources, the requirement for inverters and generators is likely to be higher.

Figure compiled by ASSOCHAM on inverters market reveals that in the unorganised and organised sectors the inverter market is within the ratio of 60-40. Large players in the inverter segment are likely to face a tough competition from the unorganised inverter industry in view of price differential of about Rs.2000-2500 per inverter in the NCR.

"This region's inverter market was estimated at Rs.2000 crore for which the main demand came from resident sector in the last year which will grow to about Rs.2,500 crore this summer," said ASSOCHAM Secretary-General D. S. Rawat.

The peak power demand last summer in the NCR was about 4,600 MW.

"Since hardly any capacity addition has come in the region in the last couple of months, the peak demand might grow to over 5,800 MW in the current summer. Naturally, the power shortage will be met through installation of inverters and generators in the region," the report said.

The growth in the demand for inverters and generators is also being attributed to the increase in the purchasing power of consumers.

The report has also cautioned that South Delhi will be witness to the maximum power cuts due to the high-density population and unplanned number of offices and shops, followed by areas like Laxmi Nagar, Mayur Vihar in East Delhi.

Citing the consequences of the power cuts, the report claims that work is considerably affected in government hospitals in the NCR and an adverse impact is being felt in the education sector as well.

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