Group items tagged

This Key Note Market Report covers the power tools industry in the UK. It estimates that the market was worth £218m in 2011, after rising by 2.3% on the previous year. It is the second year in a row that the industry has experienced value growth, after a decade of decline. However, the accessories category continues to shrink, having fallen by 3.3% to £29m over the course of the year, while the power tools segment rose by 3.3% to £189m over the same period. The report breaks down the power tools industry into different categories. Drills make up the largest share, representing 39.8% of the total market, followed by saws, which make up 17% of the market. The other tools segment is the fastest growing sector because it is the heading under which multi-functional tools fall into. Cordless power tools are, also, increasingly important in the industry, and are popular due their versatility, which increases consumers' ability to manoeuvre around. Cordless tools are primarily powered by batteries. The power tools industry has traditionally reflected the movements of the housing market in the UK. However, the growing popularity of do-it-yourself home improvements (DIY) has been favourable to the industry, independent of the property downturn. DIY is one of the trends that has emerged with the economic crisis in the UK. Consumers are finding ways to keep busy, while simultaneously saving money, and many are opting to re-decorate and re-model their homes themselves. This has had a positive impact on the industry, as power tools are required to implement the projects. However, the trend has resulted in the polarisation of the market. Certain consumers, who will use their tools once or sparingly, prefer to opt for own brands and imported value power tools. Others choose to buy brands, which guarantees a certain degree of quality and durability, including Black & Decker and Bosch. Key Note expects the revival of the power tools industry to fizzle out in the UK b

The wind power sector in Brazil has witnessed tremendous and very fast growth between 2006 and 2011. The cumulative installed capacity for wind power has rose by more than 80% during 2006-2011. The Wind farm auctions process followed by the Brazilian government has been the major contributor towards the unprecedented growth of the wind power market in recent years.

The 12th Plan (v/s 11th Plan) renewable capacity addition to slowdown CARE Research expects the 12th Plan (2012-17) the renewable especially wind capacity addition to slowdown due to removal of tax benefit. However, wind capacity addition is likely to maintain its dominant share in the capacity addition. At present, the policy environment needs a boost to achieve as removal of Accelerated Depreciation (AD) scheme from April, 2012 is likely to act as dampener resulting into sharp slowdown in wind capacity addition in the 12th Plan. Moreover, solar capacity addition is purely RPO driven; hence institutional framework needs to be strengthened for higher and sustainable capacity addition run-rate. Finally, State level policy issues related to Small Hydro Power (SHP), Biomass, Co-generation, Waste-to-Energy (WtE) sectors need to be sorted out to improve 12th Plan capacity addition. With AD benefit removed, capacity addition to fall; IRR to shrink by 300-400bps  AD benefit was removed from April 1, 2012, which was a major driver for wind installations in the 11th Plan. The country added 3.2GW of wind capacity in FY12 (last year of the 11th Plan), which is expected to fall sharply due to AD benefit removal. Consequently, CARE Research expects capacity addition to fall to sharply from FY13 onwards. The Central Board of Direct Taxes (CBDT) issued a notification on 30th March 2012, that the depreciation on wind mills will be restricted to 15% from the current financial year (with and additional 20% depreciation on equipments). This marks a significant change to the incentive structure as AD benefit typically increases project IRR by around 300-400bps, with other factors held constant. Thus, the industry would move strongly towards IPPs driven from a typical retail investor driven structure a few years ago. Indian capacity glut to pressurise WTG margins; ancillary market to deepen  Indian wind market is primarily small captive player driven which used to invest in wind t