Table Of Contents
1.1 List Of Tables 8
1.2 List Of Figures 10
2 Introduction 11
2.1 What is this Report About? 11
2.2 GMD Report Coverage 11
3 Executive Summary 12
3.1 Indo-US Nuclear Cooperation Agreement 12
3.2 Impact of Deal Across India's Nuclear Value Chain 12
3.3 Key Nuclear Equipment Market Size Estimations 13
3.4 Market Entry Strategies to the Indian Nuclear Power Sector 13
3.5 Indo-US Nuclear Deal and Investments Planned in the Global Nuclear Power Sector 13
3.6 Indian Nuclear Power Market 13
3.7 Indian Uranium Market 14
4 Indo-US Nuclear Co-operation Agreement 15
4.1 India-US Civilian Nuclear Energy Cooperation 15
4.1.1 NSG Waiver: Clearing barriers for India's nuclear industry growth 15
4.2 Increased Power Supply, Diversification of Energy Sources and Reducing Reliance on Coal are the Key Drivers for the Deal 16
4.2.1 Increasing demand for power 16
4.2.2 Diversification of energy sources 16
4.2.3 Need to reduce reliance on coal 16
4.2.4 Need to reduce dependency on imported oil 16
4.3 Deal Benefits to the Indian Nuclear Power Industry 17
4.3.1 Key Benefits of Deal to India 17
4.3.2 India's nuclear power generation to grow 17
4.3.3 India to obtain advanced nuclear reactor technology 18
4.3.4 India to get assured supply of uranium 19
4.3.5 Indian nuclear equipment suppliers to tap market potential 20
4.3.6 Investments to boost the in nuclear power sector 23
4.4 Key benefits of the deal to the US Nuclear Industry 23
4.5 Key Deal Benefits to Other International Communities 24
4.5.1 France's Areva SA to supply nuclear fuel and reactor technology to India 24
4.5.2 Russia To support India in building NPPS at Kudankulam 24
4.5.3 Kazatomprom signed an MOU with NPCIL for Co-operation on Uranium Mining and Fuel Supply 24
5 Impact of the Nuclear Deal Across India's Nuclear Value Chain 25
5.1 Impact of the Deal on India's Front End of the Nuclear Fuel Cycle 25
5.1.1 The deal enables easy accessibility of uranium to India 25
5.1.2 India to have access to laser enrichment technology 25
5.1.3 Fuel Fabrication Capabilities of India to develop 25
5.2 Contribution of nuclear to power sector to grow in India 26
5.2.1 Nuclear power addresses India's power shortage difficulties 26
5.3 Impact of the Deal on India's Back End of the Nuclear Fuel Cycle 27
5.3.1 Fuel reprocessing equipment and technology and spent fuel management capabilities to improve 27
6 Key Nuclear Equipment Market Size Estimations 28
6.1 Estimated Market Size for Steam Generators 28
6.1.1 Product Definition 28
6.1.2 Estimated Market Size for Steam Generators-Foremarket 28
6.1.3 Estimated Market Size for Steam Generators-Aftermarket 29
6.2 Estimated Market Size for Nuclear Turbines 31
6.2.1 Product Definition 31
6.2.2 Estimated Market Size for Turbines¨C Foremarket 31
6.2.3 Estimated Market Size for Turbines¨C Aftermarket 32
6.3 Estimated Market Size for Heat Exchangers 33
6.3.1 Product Definition 33
6.3.2 Estimated Market Size for Heat Exchangers-Foremarket 33
6.3.3 Estimated Market Size for Heat Exchangers-Aftermarket 34
6.4 Estimated Market Size for Reactor Coolant Pumps 35
6.4.1 Product Definition 35
6.4.2 Estimated Market Size for Reactor Coolant Pumps-Foremarket 35
6.4.3 Estimated Market Size for Reactor Coolant Pumps-Aftermarket 36
6.5 Estimated Market Size for Reactor Coolant Channels 37
6.5.1 Product Definition 37
6.5.2 Estimated Market Size for Reactor Coolant Channels-Foremarket 37
6.5.3 Estimated Market Size for Reactor Coolant Channels-Aftermarket 38
6.6 Estimated Market Size for Reactor Control Rods 39
6.6.1 Product Definition 39
6.6.2 Estimated Market Size for Reactor Control Rods-Foremarket 39
6.6.3 Estimated Market Size for Reactor Control Rods-Aftermarket 40
7 Market Entry Strategies to the Indian Nuclear Power Sector 41
7.1 Opportunity Analysis: Market Potential in Nuclear Equipment Manufacturing Industry 41
7.1.1 Key drivers for market entry 41
7.1.2 Analysis of the Indian nuclear equipment industry competitive structure using porter's five forces model 41
7.1.3 Key barriers analysis 42
7.1.4 Opportunity identification 42
7.2 Analysis of the Indian Nuclear Regulatory Regime 42
7.2.1 'As -Is' Analysis 42
7.2.2 Impact of the Deal on the 'As -Is' Environment 43
7.3 Technology Tie-ups As Market Entry Strategies: AECL with L&T 44
7.3.1 AECL Technology Tie -Up with L&T for Developing Cost Competitive Model for ACR 1000
7.4 Joint Venture Initiatives As Market Entry Strategies: Sheffield with BHEL, Alstom with Bharat Forge 44
7.4.1 Sheffiled Forge Masters Formed Joint Venture with Bharath Heavy Electrical Limited 44
7.4.2 Alstom Entered Into a Joint Venture With Bharat Forge 44
7.4.3 DAE Intends to Establish a Nuclear Joint Venture with Private Companies 44
7.5 MOU/Agreements As Market Entry Strategies 44
7.5.1 Westinghouse Electric Company Forms Joint Venture With Larsen & Toubro 44
7.5.2 National Atomic Company KazAtomProm enters into MOU with NPCIL 44
7.5.3 TVEL Signed Agreement to Supply Nuclear Fuel to India 45
7.5.4 GE Hitachi Nuclear Signs Agreement with NPCIL & BHEL 45
8 Indo-US Nuclear Deal And Major Investments Planned In The Global Nuclear Sector 46
8.1 Indian Nuclear Equipment Manufacturing Industry Attracts Investments 46
8.1.1 Indian companies top the list of investors in nuclear power generation sector 46
8.1.2 Investments to grow in the nuclear equipment manufacturing industry 47
8.1.3 Company analysis of investments 51
9 Indian Nuclear Power Market 53
9.1 Power Supply and Demand Growth in India 53
9.1.1 Installed Power Capacity Growth in India 53
9.1.2 Power Generation and Consumption Growth in India 54
9.1.3 Electricity Imports and Exports in India 57
9.2 Power Generation By Fuel Type and Consumption by End User in India 59
9.2.1 Coal is the main source for power generation in India 59
9.2.2 Industry is the main power consumer in India 59
9.3 India's Contribution to Asia-Pacific's Nuclear Capacity and Generation 61
9.3.1 Contribution of India to Asia-Pacific's Nuclear Capacity 61
9.3.2 Contribution of India to Asia-Pacific's Nuclear Generation 62
9.4 Nuclear Power Industry Expected to Grow in India 65
9.4.1 Installed nuclear capacity growth in India, 2000-15 65
9.4.2 Nuclear power generation growth in India, 2000-15 67
9.5 India, Nuclear Reactor Technology Moving Towards Fast Breeder Reactors 69
9.5.1 Three-Stage Nuclear Program in India 69
9.6 Commercial Nuclear Power Reactors in India 70
9.7 India Has Plans To Develop New Reactors 71
9.7.1 Reactors Under Construction in India 71
9.7.2 Planned and Proposed Reactors in India 71
9.8 Demand for SMR and FBR to Grow in India 72
9.8.1 Demand for small & medium reactors in India 72
9.8.2 Demand for Fast Breeder Reactors in India 72
9.8.3 Demand for Thorium based reactors in India 72
10 Indian Uranium Market 73
10.1 India's Domestic Nuclear Fuel Reserves 73
10.1.1 Uranium Reserves in India 73
10.1.2 Thorium Reserves in India 74
10.2 Demand for Uranium Is Expected to Grow in India 75
11 Profiles of Key Players in the Indian Nuclear Equipment Industry 76
11.1 Larsen & Toubro 76
11.1.1 Company Snapshot 76
11.1.2 Company Overview 76
11.1.3 SWOT Snapshot 76
11.1.4 Business Description 77
11.1.5 Electrical & Electronics 77
11.1.6 Engineering & Construction 78
11.1.7 Machinery & Industrial 80
11.1.8 Others 82
11.1.9 Major Products and Services 83
11.1.10 Business Strategy 83
11.1.11 SWOT Analysis 84
11.1.12 Larsen & Toubro Limited Strengths 84
11.1.13 Larsen & Toubro Limited Weaknesses 85
11.1.14 Larsen & Toubro Limited Opportunities 86
11.1.15 Larsen & Toubro Limited Threats 86
11.1.16 Competitors 87
11.1.17 Operational Indicators 87
11.1.18 Key Employees 88
11.1.19 Company Statement 88
11.1.20 Locations And Subsidiaries 91
11.1.21 Other Locations & Subsidiaries 91
11.2 Bharat Heavy Electricals Limited 92
11.2.1 Company Snapshot 92
11.2.2 Company Overview 92
11.2.3 Business Overview 92
11.2.4 Industry Sector 93
11.2.5 Major Products and Services 95
11.2.6 Business Strategy 96
11.2.7 Value Chain Analysis 97
11.2.8 Equipment Manufacturing 97
11.2.9 SWOT Analysis 99
11.2.10 Bharat Heavy Electricals Limited Strengths 99
11.2.11 Bharat Heavy Electricals Limited Weaknesses 101
11.2.12 Bharat Heavy Electricals Limited Opportunities 101
11.2.13 Competitors 103
11.2.14 Key Employees 104
11.2.15 Company Statement 105
11.2.16 Locations And Subsidiaries 107
11.3 Bharat Forge Limited 108
11.3.1 Company Overview 108
11.3.2 Major Products and Services 108
11.3.3 Competitors 108
11.3.4 Key Employees 109
11.3.5 Locations And Subsidiaries 109
11.4 Punj Llyod 110
11.4.1 Company Overview 110
11.4.2 Major Products and Services 110
11.4.3 Competitors 110
11.4.4 Key Employees 111
11.4.5 Locations And Subsidiaries 111
11.5 Avasarala Technologies 113
11.5.1 Company Overview 113
11.5.2 Key Information 113
11.5.3 Major Products and Services 113
11.5.4 Competitors 113
11.5.5 Key Employees 114
11.5.6 Locations And Subsidiaries 114
11.6 ABB Ltd 114
11.6.1 Company Snapshot 114
11.6.2 Company Overview 114
11.6.3 Business Description 115
11.6.4 Major Products and Services 116
11.6.5 SWOT Analysis 117
11.6.6 ABB Ltd Strengths 117
11.6.7 ABB Ltd Weaknesses 118
11.6.8 ABB Ltd Opportunities 119
11.6.9 ABB Ltd Threats 119
11.6.10 Competitors 120
11.6.11 Key Employees 121
11.6.12 Company Statement 121
11.6.13 Locations And Subsidiaries 125
12 Appendix 127
12.1 Methodology 127
12.2 Contact Us 128
12.3 About Us 128
12.4 Disclaimer 128

List Of Tables
Table 1: Key Benefits of Indo-US Nuclear Deal to India And The US 17
Table 2: India's Installed Nuclear Capacity After Deal, GW and % Contribution from Nuclear After Deal, 2000-30 18
Table 3: India's Estimated Uranium Demand, tU & Installed Capacity, GW, 2010-30 20
Table 4: India's Foremarket for Critical Equipments, $ Million, 2010-30 21
Table 5: India, Aftermarket Critical Equipments, 2010-30 22
Table 6: Planned Investments in Indian Nuclear Power Sector, $ Million 23
Table 7: Steam Generators, Estimated Market Size and Revenue, Foremarket 29
Table 8: Steam Generators, Estimated Market Size and Revenue, Aftermarket, 2010-30 30
Table 9: Turbines, Estimated Market Size and Revenue, Foremarket 31
Table 10: Turbines, Estimated Market Size and Revenue, Aftermarket, 2010-30 32
Table 11: Heat Exchangers, Estimated Market Size and Revenue, Foremarket 33
Table 12: Heat Exchangers, Estimated Market Size and Revenue, Aftermarket, 2010-30 34
Table 13: Reactor Coolant Pumps, Estimated Market Size and Revenue, Foremarket 35
Table 14: Reactor Coolant Pumps, Estimated Market Size and Revenue, Aftermarket, 2010-30
Table 15: Reactor Coolant Channels, Estimated Market Size and Revenue, Foremarket 37
Table 16: Reactor Coolant Channels, Estimated Market Size and Revenue, Aftermarket, 2010-30 38
Table 17: Reactor Control Rods, Estimated Market Size and Revenue, Foremarket 39
Table 18: Reactor Control Rods, Estimated Market Size and Revenue, Aftermarket, 2010-30 40
Table 19: Competitive Structure Analysis of Indian Nuclear Equipment Industry Using Porter's Five Forces Model 42
Table 20: 'As-Is' Analysis of Indian Nuclear Power Regulatory Structure 43
Table 21: Deal Impact on 'As-Is' Indian Nuclear Power Sector's Regulatory Structure 43
Table 22: Country Planned Investments in Nuclear Power Sector, $ million 47
Table 23: Industry Planned Investments in Nuclear Power Sector, $ million 48
Table 24: Country and Industry Planned Investments in Nuclear Power Sector, $ Million 49
Table 25: Company Planned Investments in Nuclear Power Sector, $ Million 51
Table 26: Industry and Company Planned Investments in Nuclear Power Sector, $ million 52
Table 27: India's Historical and Forecasted Installed Power Capacity, MW, 1996-2020 54
Table 28: India's Historical and Forecasted Generation and Consumption of Electricity, BkWh, 1996-2020 56
Table 29: India's Historical and Forecasted Exports and Imports of Electricity, 1996-2020 58
Table 30: Asia¨CPacific's Installed Nuclear Capacity Growth MW, 2000-15 62
Table 31: Asia-Pacific's Nuclear Generation Growth BkWh, 2000-15 64
Table 32: India's Nuclear Capacity Growth, MW, 2000-15 66
Table 33: India's Nuclear Power Generation Growth, BkWh, 2000-15 68
Table 34: India's Operable Nuclear Reactors 70
Table 35: India's Under Construction Reactors 71
Table 36: India's Planned and Proposed Reactors 71
Table 37: India's Uranium Reseves & Production, tU, 2000-07 74
Table 38: India's Uranium Demand, tU, 2010-30 75
Table 39: Larsen & Toubro Limited, Key Facts, 2007 76
Table 40: Larsen & Toubro Limited, SWOT Analysis , 2007 84
Table 41: Larsen & Toubro Limited Operational Indicators, 2003-2007 87
Table 42: Larsen & Toubro Limited, Key Employees, 2007 88
Table 43: Larsen & Toubro Limited, Other Locations 91
Table 44: Bharat Heavy Electricals Limited,Key Facts, 2007 92
Table 45: Bharat Heavy Electricals Limited, SWOT Analysis , 2007 99
Table 46: Bharat Heavy Electricals Limited, Key Employees, 2007 104