Stories
Hitachi Energy Predicts Decade Long Electricity Supercycle With India as Key Market
- •Hitachi Energy expects a global electricity industry supercycle to last 10 to 15 years driven by rising electrification demands.
- •India is positioned among the company's top five growth markets globally with a strong focus on domestic and international manufacturing.
- •The company is actively expanding its engineering centre in Chennai, having recently hired thousands of new employees.
- •Further domestic manufacturing investments will depend on long-term purchase commitments from customers to ensure demand visibility.
Key Questions Answered
Hitachi Energy expects the global electricity industry to experience a 10-15 year supercycle, with India ranked among its top five growth markets globally. The company operates under an "India for India and India for the world" strategy, combining domestic manufacturing with engineering capabilities that support international operations.
Hitachi Energy is expanding its engineering centre in Chennai, where it has already hired 2,000 new colleagues with plans to recruit more. Its Indian facilities manufacture key products like circuit breakers and transformers, while software engineering teams support global business operations.
Further investment in domestic manufacturing capacity depends directly on customers committing to additional purchases. Such commitments provide the company with greater demand visibility when deciding whether to expand its production capacity.
