Sudden rise in temperature and frequent power cuts has generated a huge demand to the extent of 70% for inverters, batteries and gensets particularly in the Delhi-National Capital Region (NCR), according to the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
The National Capital Region is now facing power cuts for at least six to eight hours a day, according to the trade body even as temperatures have crossed into the 40s.
The sale of inverters and generators has already gone up by almost 65%. The city continues to reel under massive power cuts in the sweltering heat because of the gap between demand and supply.
The NCR had generator market size to the extent of less than Rs. 6,500 crore during last summer, most of which was in the industrial, shopping centres and agriculture segment and partly in residential complexes. The market size for generator is expected to grow at least by over Rs.2,500 crore in the region in view of their rising demand, Assocham said.
The Gurgaon which has emerged fast compared to other NCR are also facing acute power shortage and its posh areas like DLF, Sushant Lok, South City and Palam Vihar also affected badly.
According to an Assocham paper, the basic model, which used to sell at prices ranging from Rs 13,000 is now priced above Rs 14,000.
Similarly, the price of a UPS that can power six lights and six fans for three hours is up from Rs 21,000 to Rs 22,000 this year.
According to ASSOCHAM, South Delhi will witness the maximum power cuts due to high density population and unplanned number of offices and shops, followed by East Delhi areas.
The worst affected sectors that are likely to suffer the heat impact in the region include industrial and residential areas, hospitals, schools and shopping centres in view of power demand supply mismatch, adds ASSOCHAM.
As a result, the demand for inverters, their batteries and generators will rise to the extent of 70% as NCR is unlikely to be supplied power supplies either from neighbouring region or else from far off power producing sources.
Figure compiled by ASSOCHAM on Inverters market reveal that in unorganised and organised sector, the inverter market is within the ratio of 60-40. Large players in inverters segment like Su-Kam, Microtech and Luminous will face tough competition from unorganised inverter industry in view of price differential of Rs.2000-3000 per inverter in NCR.
The most in demand are inverters with a capacity of 600 (voltage ampere) VA and 800 VA. These are inverters that cater to the need of households and can provide power to two fans, a tube light and a television.
It may be noted that inverters merely store electricity and do not produce it. As such, higher and higher usage of inverters will result in longer and longer power cuts as the load on the network increases.
Diesel generators are associated with health hazards such as the emission of soot and respiratory diseases such as Asthma.