India Power & Distribution Transformer Market (2024-2030) | Outlook, Growth, Industry, Companies, Size, Forecast, Analysis, Value, Revenue, Share & Trends
Market Forecast By Type (Power Transformer, Distribution Transformer), By Rating (Power Transformer (5.1 MVA – 50 MVA, 50.1 MVA – 160 MVA, 160.1 MVA – 350 MVA, Above 350 MVA), Distribution Transformer (Up To 100 KVA, 100.1 – 315 KVA, 315.1 – 5 MVA), By Colling System (Dry Type, Liquid Type), By Applications (Power Utilities, Industrial), By Region (Northern, Western, Southern, Eastern, North Eastern) And Competitive Landscape
| Product Code: ETC001498 | Publication Date: Dec 2023 | Updated Date: Jan 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Topics Covered in the India Power & Distribution Transformer Market
India Power & Distribution Transformer Market report thoroughly covers the market by types, by rating, by cooling system, by application, and by regions. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Power & Distribution Transformer Market Synopsis
India, one of the largest countries in the world, has undergone immense transformation in the power sector in the past few years, which has led to the growth of the power and distribution transformer market. India's government, aware of the potential of a robust power sector for economic growth and development, has implemented several initiatives, policies, and statutes that have helped in the growth of this industry. Additionally, the growth projection is based on various factors, such as the rise in demand for electricity, rapid industrialization, urbanization, and economic development.
According to 6Wresearch, the India Power & Distribution Transformer Market size is expected to grow at a CAGR of 7.1% during the forecast period 2024-2030. The rise in demand for electricity and the surge in renewable energy projects are the primary drivers of the market. The Indian government's initiative in launching programs such as "Make in India," "Smart Cities Mission," and "Atmanirbhar Bharat" has facilitated indigenous manufacturing and has boosted exports in the sector. Despite the market’s massive growth, the India power and distribution transformer market faces several challenges. One significant issue is the lack of modern technology and inadequate R&D investment that have prevented it from developing high-end products.
Other challenges include increased competition from foreign players, the shortage of raw material supply, and inconsistent government policies. However, technological advancement and digitalization are the current trends in the India power and distribution transformer industry, as it is in other industrial sectors. The use of technologies such as IoT, AI, and Blockchain have eased the operation of transformers, provided enhanced data collection, diagnostics, and maintenance. Besides, the shift to renewable energy produces power intermittently and decentralistically, leading to a greater need for operation flexibility and controllability.
Government Initiatives introduced in the India Power & Distribution Transformer Market
The Indian government has encouraged the development of the India power and distribution transformer market by acting on multiple fronts. The initiation of schemes like the Ujwal DISCOM Assurance Yojana (UDAY), which focuses on financial restructuring of DISCOMS, and the Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY), launched to provide electrification to all rural households and strengthen the sub-transmission and distribution network, aim to strengthen India's overall electricity infrastructure.
Key Players in the India Power & Distribution Transformer Market
The India power and distribution transformer market comprises key players like ABB, CG Power, Siemens, Bharat Heavy Electricals Limited (BHEL), Schneider Electric, Toshiba, and others that offer a broad range of products and services such as power transformers, distribution transformers, sub-stations, and switchgear.
Market Analysis by Type
According to Dhaval, Research Manager, 6Wresearch, the distribution transformer is the only leading type in the Indian Transformer market owing to growing demand for electricity in rural and urban areas. Moreover, the government has initiated various programs that aim to provide electricity to all households in India by 2022.
Market Analysis by Application
Based on the application, the industrial segment is currently leading due to the higher number of transformers required for the growing number of industries.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Historical data of Global Power & Distribution Transformer Market Revenues for the Period 2020-2030
- Market Size & Forecast of Global Power & Distribution Transformer Market Revenues until 2030
- Historical data of India Power & Distribution Transformer Market Revenues & Volume for the Period 2020-2030
- Market Size & Forecast of India Power & Distribution Transformer Market Revenues & Volume Market until 2030
- Historical data of India Distribution Transformer Market Revenues & Volume for the Period 2020-2030
- Market Size & Forecast of India Distribution Transformer Market Revenues & Volume until 2030
- Historical data of India Power Transformer Market Revenues & Volume for the Period 2020-2030
- Market Size & Forecast of India Power Transformer Market Revenues & Volume until 2030
- Historical data of India Dry Type Power & Distribution Transformer Market Revenues for the Period 2020-2030
- Market Size & Forecast of India Dry Type Power & Distribution Transformer Market Revenues until 2030
- Historical data of India Liquid Type Power & Distribution Transformer Market Revenues for the Period 2020-2030
- Market Size & Forecast of India Liquid Type Power & Distribution Transformer Market Revenues until 2030
- Historical data of India Power & Distribution Transformer Application Market Revenues for the Period 2020-2030
- Market Size & Forecast of India Power & Distribution Transformer Application Market Revenues until 2030
- Historical data of India Power & Distribution Transformer Regional Market Revenues for the Period 2020-2030
- Market Size & Forecast of India Power & Distribution Transformer Regional Market Revenues until 2030
- Market Drivers and Restraints
- Market Trends and Developments
- Players Market Share and Competitive Landscape
- Company Profile
- Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Type
- Power Transformer
- Distribution Transformer
By Rating
- Power Transformer
- 1 MVA – 50 MVA
- 50.1 MVA – 160 MVA
- 160.1 MVA – 350 MVA
- Above 350 MVA
- Distribution Transformer
- Up to 100 kVA
- 100.1 – 315 kVA
- 315.1 – 5 MVA
By Colling System
- Dry Type
- Liquid Type
By Application
- Power Utilities
- Industrial
By Regions
- Northern
- Western
- Southern
- Eastern
- North Eastern
India Power & Distribution Transformer Market (2024-2030): FAQs
The rising government policies, environmental regulations, and evolving technological innovations. One of the most notable trends is the increasing demand for eco-friendly and energy-efficient transformers.
lengthy and complex approval processes, competition from low-cost imports, and shortage of skilled labor.
The government's emphasis on infrastructure development is driving demand for new and innovative transformers. Additionally, the increasing adoption of smart grid technologies and IoT-based systems.
Leading players - Crompton Greaves, ABB, Siemens, and Bharat Heavy Electricals Limited (BHEL).
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Report Description |
| 2.2 Key Highlights of the Report |
| 2.3 Market Scope & Segmentation |
| 2.4 Methodology Adopted and Key Data Points |
| 2.5 Assumptions |
| 3 Global Power & Distribution Transformer Market Overview |
| 3.1 Global Power & Distribution Transformer Market Revenues (2020-2030F) |
| 3.2 Global Power Transformer Market Revenues (2020-2030F) |
| 3.3 Global Distribution Transformer Market Revenues (2020-2030F) |
| 3.4 Global Power & Distribution Transformer Market Revenue Share, By Regions (2023) |
| 4 India's Power Sector Overview |
| 4.1 India Power Generation Sector Overview |
| 4.2 India Power Supply Position |
| 4.3 India Power Transmission Sector Overview |
| 5 India Electrical Equipment Industry Overview |
| 6 India Power & Distribution Transformer Market Overview |
| 6.1 India Power & Distribution Transformer Market Revenues & Volume (2020-2030F) |
| 6.2 India Power & Distribution Transformer Market Industry Life Cycle |
| 6.3 Porter’s Five Force Model |
| 6.4 Indian Power & Distribution Transformer Market Revenue & Volume Share, By Types (2020 & 2030F) |
| 6.5 India Power & Distribution Transformer Market Revenue & Volume Share, By Power Rating (2020 & 2030F) |
| 6.6 India Power & Distribution Transformer Market Revenue Share, By Cooling System (2020 & 2030F) |
| 6.7 India Power & Distribution Transformer Market Revenue Share, By Applications (2020 & 2030F) |
| 6.8 India Power & Distribution Transformer Market Revenue Share, By Regions (2020 & 2030F) |
| 7 India Power & Distribution Transformer Market Dynamics |
| 7.1 Impact Analysis |
| 7.2 Market Drivers |
| 7.3 Market Restraints |
| 8 India Power & Distribution Transformer Market Trends |
| 9 India Distribution Transformer Market Overview |
| 9.1 India Distribution Transformer Market Revenues & Volume (2019-2029F) |
| 9.2 India Distribution Transformer Market Overview, By Power Rating |
| 9.2.1 India Distribution Transformer Market Revenue & Volume Share, By Power Rating (2020 & 2030F) |
| 9.2.2 India Up to 100 KVA Power Transformer Market Revenues & Volume (2020-2030F ) |
| 9.2.3 India 100.1 KVA – 315 KVA Power Transformer Market Revenues & Volume (2020-2030F) |
| 9.2.4 India 315..1 KVA – 5 MVA Power Transformer Market Revenues & Volume (2020-2030F) |
| 10 India Power Transformer Market Overview |
| 10.1 India Power Transformer Market Revenues & Volume (2019-2029F) |
| 10.2 India Power Transformer Market Overview, By Power Rating |
| 10.2.1 India Power Transformer Market Revenue Share, By Power Rating (2020 & 2030F) |
| 10.2.2 India 5.1 – 50 MVA Power Transformer Market Revenues & Volume (2020-2030F) |
| 10.2.3 India 50.1 – 160 MVA Power Transformer Market Revenues & Volume (2020-2030F) |
| 10.2.4 India 160.1 – 350 MVA Power Transformer Market Revenues & Volume (2020-2030F) |
| 10.2.5 India Above 350 MVA Power Transformer Market Revenues & Volume (2020-2030F) |
| 11 India Power & Distribution Transformer Market Overview, By Cooling System |
| 11.1 Dry Type Transformer Market Revenues & Volume (2020-2030F) |
| 11.2 Liquid Type Transformer Market Revenues & Volume (2020-2030F) |
| 12 India Power & Distribution Transformer Application Market Overview |
| 12.1 India Power & Distribution Transformer Market Revenues & Volume, By Power Utilities Application (2020-2030F) |
| 12.2 India Power & Distribution Transformer Market Revenues & Volume, By Industrial Application (2020-2030F) |
| 13 India Power & Distribution Transformer Regional Market Overview |
| 13.1 Northern Region Power & Distribution Transformer Market Revenues & Volume (2020-2030F) |
| 13.2 Western Region Power & Distribution Transformer Market Revenues & Volume (2020-2030F) |
| 13.3 Southern Region Power & Distribution Transformer Market Revenues & Volume (2020-2030F) |
| 13.4 Eastern Region Power & Distribution Transformer Market Revenues & Volume (2020-2030F ) |
| 13.5 North Eastern Region Power & Distribution Transformer Market Revenues & Volume (2020-2030F) |
| 14 India Power & Distribution Transformer Market Opportunity Assessment |
| 14.1 India Power and Distribution Transformer Market Opportunity Assessment, By Rating, 2030F |
| 14.2 Projections of India Power Sector By Peak Load, Installed Capacity, Transmission Lines and Substations |
| 14.3 State Wise Opportunity in Power Sector |
| 14.4 Region Wise Opportunity in Power Sector |
| 14.4.1 India Northern Region Power Sector Opportunity (2023) |
| 14.4.2 India Western Region Power Sector Opportunity (2023) |
| 14.4.3 India Southern Region Power Sector Opportunity (2023) |
| 14.4.4 India Eastern Region Power Sector Opportunity (2023) |
| 15 India Transformer Market Import & Export Statistics |
| 15.1 Transformer Imports, By Country (2023) |
| 15.2 Transformer Exports, By Country (2023) |
| 15.3 Imports of Parts of Transformers, By Country (2023) |
| 15.4 Exports of Parts of Transformers, By Country (2023) |
| 16 Competitive Landscape |
| 16.1 India Power & Distribution Transformer Market Revenue Share, By Company (2023) |
| 16.2 Competitive Benchmarking, By Power Rating |
| 17 Company Profiles |
| 17.1 ABB India Ltd. |
| 17.2 Bharat Bijlee Limited |
| 17.3 Bharat Heavy Electricals Ltd. |
| 17.4 Crompton Greaves Ltd. |
| 17.5 Emco Ltd. |
| 17.6 GE T&D India Ltd. |
| 17.7 IMP Powers Ltd. |
| 17.8 Kirloskar Electric Company Ltd. |
| 17.9 Schneider Electric Infrastructure Ltd |
| 17.1 Siemens Ltd. |
| 17.11 TBEA Energy (India) Pvt. Ltd. |
| 17.12 Toshiba Transmission & Distribution Systems (India) Pvt. Ltd |
| 17.13 Transformer & Rectifiers (India) Ltd. |
| 17.14 Voltamp Transformer Ltd. |
| 18 Key Strategic Pointers |
| 19 Disclaimer |
Market Forecast By Type (Power Transformer, Distribution Transformer), By Rating (Power Transformer (5.1 MVA – 50 MVA, 50.1 MVA – 160 MVA, 160.1 MVA – 350 MVA, Above 350 MVA), Distribution Transformer (Up To 100 KVA, 100.1 – 315 KVA, 315.1 – 5 MVA), By Colling System (Dry Type, Liquid Type), By Applications (Power Utilities, Industrial), By Region (Northern, Western, Southern, Eastern, North Eastern) And Competitive Landscape
| Product Code: ETC001498 | Publication Date: Jan 2022 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 130 | No. of Figures: 60 | No. of Tables: 14 |
India Power and Distribution Transformer Market report thoroughly covers the market by product types, demographics, and distribution channels. The India Power and Distribution Transformer market outlook report provide an unbiased and detailed analysis of the India Power and Distribution Transformer market trends, opportunities high growth areas, market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.
India Power and Distribution Transformer Market Synopsis
India Power and Distribution transformer market has witnessed substantial growth on account of steps taken by the Government of India such as enhancement of electrification rate and improvement of operational efficiency of the country. Further, the country has witnessed an increase in the demand for power which has been fostered by an increase in capacity utilization, industrialization, urbanization, and population. Currently, India has the fifth largest installed capacity in the power sector worldwide. Further, reforms such as “Power for all” and plans to add 175 GW of capacity by 2022 would surge the demand for power transmission and distribution equipment. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth.
According to 6Wresearch, India Power and Distribution Transformer Market size is projected to grow at a CAGR of 7.3% during 2021-2027. The Indian government has introduced certain key initiatives such as strengthening the power transmission & distribution network and efforts such as UDAY for financial turnaround of power distribution companies. Further, the Indian Government envisages the addition of about Rs 1 lakh ckm of transmission lines and Rs 2.9 lakh MVA of transformation capacity between 2017-2022 to strengthen the transmission network thus increasing the demand for power transformers.
Market Analysis By Verticals
In terms of verticals, the power utility segment has dominated the overall Power and Distribution transformer market in 2020. This growth is primarily driven by the rising rate of electrification as well as increasing power generation capacity, especially in the area of renewable power segment. Additionally, as India continues to reduce its dependence on traditional sources of energy, the country has witnessed a constant rise in the number of solar parks and wind farms which has opened up new avenues for the application of power and distribution transformation.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020.
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Historical data of Global Power & Distribution Transformer Market Revenues for the Period 2017-2020
- Market Size & Forecast of Global Power & Distribution Transformer Market Revenues until 2027
- Historical data of India Power & Distribution Transformer Market Revenues & Volume for the Period 2017-2020
- Market Size & Forecast of India Power & Distribution Transformer Market Revenues & Volume Market until 2027
- Historical data of India Distribution Transformer Market Revenues & Volume for the Period 2017-2020
- Market Size & Forecast of India Distribution Transformer Market Revenues & Volume until 2027
- Historical data of India Power Transformer Market Revenues & Volume for the Period 2020-2020
- Market Size & Forecast of India Power Transformer Market Revenues & Volume until 2027
- Historical data of India Dry Type Power & Distribution Transformer Market Revenues for the Period 2017-2020
- Market Size & Forecast of India Dry Type Power & Distribution Transformer Market Revenues until 2027
- Historical data of India Liquid Type Power & Distribution Transformer Market Revenues for the Period 2017-2020
- Market Size & Forecast of India Liquid Type Power & Distribution Transformer Market Revenues until 2027
- Historical data of India Power & Distribution Transformer Application Market Revenues for the Period 2017-2020
- Market Size & Forecast of India Power & Distribution Transformer Application Market Revenues until 2027
- Historical data of India Power & Distribution Transformer Regional Market Revenues for the Period 2017-2020
- Market Size & Forecast of India Power & Distribution Transformer Regional Market Revenues until 2027
- Market Drivers and Restraints
- Market Trends and Developments
- Players Market Share and Competitive Landscape
- Company Profile
- Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
-
By Type
- Power Transformer
- Distribution Transformer
- By Rating
-
Power Transformer
- 1 MVA – 50 MVA
- 50.1 MVA – 160 MVA
- 160.1 MVA – 350 MVA
- Above 350 MVA
-
Distribution Transformer
- Up to 100 kVA
- 100.1 – 315 kVA
- 315.1 – 5 MVA
-
By Colling System
- Dry Type
- Liquid Type
o By Application
- Power Utilities
- Industrial
-
By Regions
- Northern
- Western
- Southern
- Eastern
- North Eastern
Market Forecast By Type (Power Transformer, Distribution Transformer), By Rating (Power Transformer (5.1 MVA – 50 MVA, 50.1 MVA – 160 MVA, 160.1 MVA – 350 MVA, Above 350 MVA), Distribution Transformer (Up to 100 kVA, 100.1 – 315 kVA, 315.1 – 5 MVA), By Colling System (Dry Type, Liquid Type), By Application (Power Utilities, Industrial), By Region (Northern, Western, Southern, Eastern, North Eastern) And Competitive Landscape
| Product Code: ETC001498 | Publication Date: Jan 2020 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 129 | No. of Figures: 59 | No. of Tables: 14 |
India power and distribution transformer market is anticipated to witness continues growth during the forecast period owing to government initiatives to boost the electrification rate and uplift the operational efficiency of discom in the nation. There has been a surge in demand for power in India which has been fostered by an increase in capacity utilization, industrialization, urbanization and population. Currently, India has the fifth largest installed capacity in the power sector worldwide. Further, reforms such as “Power for all” and plans to add 175 GW of capacity by 2022, would surge the demand for power transmission and distribution equipment.
According to 6Wresearch, India Power & Distribution Transformer Market size is projected to grow at a CAGR of 3.0% during 2019-25. Government is taking major steps to strengthen the power transmission & distribution network and has undertaken initiatives such as UDAY for financial turnaround of power distribution companies. Further, the Indian Government envisages an addition of about INR 1 lakh ckm of transmission lines and Rs 2.9 lakh MVA of transformation capacity between 2017-2022, to strengthen the transmission network. This initiative will furtherincreasing the demand for power transformers over the coming years
By regions, Western India accounted for the largest revenue share in the country in 2019. However, major investment in transmission sector is expected in Southern India, followed by Northern and Western India. In the distribution sector, the Western region is expected to receive highest investment followed by the Southern and Northern region.
The report thoroughly covers the market by transformer types, power rating, cooling system, applications and by regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers, which would help stakeholders to device and align market strategies according to the current and future market dynamics.
Key Highlights of the Report
- Historical data of Global Power & Distribution Transformer Market Revenues for the Period 2016-2019
- Market Size & Forecast of Global Power & Distribution Transformer Market Revenues until 2026
- Historical data of India Power & Distribution Transformer Market Revenues & Volume for the Period 2016-2019
- Market Size & Forecast of India Power & Distribution Transformer Market Revenues & Volume Market until 2026
- Historical data of India Distribution Transformer Market Revenues & Volume for the Period 2016-2019
- Market Size & Forecast of India Distribution Transformer Market Revenues & Volume until 2026
- Historical data of India Power Transformer Market Revenues & Volume for the Period 2019-2019
- Market Size & Forecast of India Power Transformer Market Revenues & Volume until 2026
- Historical data of India Dry Type Power & Distribution Transformer Market Revenues for the Period 2016-2019
- Market Size & Forecast of India Dry Type Power & Distribution Transformer Market Revenues until 2026
- Historical data of India Liquid Type Power & Distribution Transformer Market Revenues for the Period 2016-2019
- Market Size & Forecast of India Liquid Type Power & Distribution Transformer Market Revenues until 2026
- Historical data of India Power & Distribution Transformer Application Market Revenues for the Period 2016-2019
- Market Size & Forecast of India Power & Distribution Transformer Application Market Revenues until 2026
- Historical data of India Power & Distribution Transformer Regional Market Revenues for the Period 2016-2019
- Market Size & Forecast of India Power & Distribution Transformer Regional Market Revenues until 2026
- Market Drivers and Restraints
- Market Trends and Developments
- Players Market Share and Competitive Landscape
- Company Profile
- Strategic Pointers
India Power and Distribution Transformer Market Covered:
The report provides the detailed analysis of the following market segments:
By Type
- Power Transformer
- Distribution Transformer
By Rating
- Power Transformer
- 5.1 MVA – 50 MVA
- 50.1 MVA – 160 MVA
- 160.1 MVA – 350 MVA
- Above 350 MVA
- Distribution Transformer
- Up to 100 kVA
- 100.1 – 315 kVA
- 315.1 – 5 MVA
- By Colling System
- Dry Type
- Liquid Type
- By Applications
- Power Utilities
- Industrial
By Regions
- Northern
- WesternEastern
- North Eastern
- Southern
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