India Power and Distribution and Transformer Market Outlook 2030

Power transformers are used in transmission networks where there is an issue of higher voltage and operate on full load rating with minimal load fluctuations. On the other hand, distribution transformers are used in distribution networks where there is an issue of lower voltages, and functions at a significantly lower load. The variation in the loads varies substantially. Power transformers are a common feature in power generation stations and transmission substations, while the installation of distribution transformers is mainly in distribution stations. The India power distribution transformer market is anticipated to grow with a CAGR of 7.41% during the forecast period, i.e., 2021 - 2030. Factors such as the shift in focus of the government of the country towards renewable energy sources, surge in demand for green transformers, and the growing need to improve its existing grid infrastructure are anticipated to drive the market growth in the coming years. Besides this, factors such as the growing urban population in the country, and the surge in economical activities, which is driving the need for energy, are also anticipated to accelerate the market growth in the coming years. The India power distribution transformer market is estimated to garner a revenue of around USD 4258 Million by the end of 2030, up from a revenue of over USD 2130 Million in the year 2020.

The India power distribution transformer market is segmented by numerous segments, which include segmentation by transformer type, power rating, mounting, phase, and by end-user. Based on transformer type, the market is segmented into core type transformers, shell type transformers, and berry type transformers, out of which, the shell type transformers segment is anticipated to hold the highest market share and further attain a market revenue of near to USD 1940 Million by the end of 2030.

Further, the market is also segmented on the basis of end-user into utility, residential, commercial, and industrial, out of which, the utility segment is anticipated to garner the largest revenue of close to USD 3200 Million by the end of 2030.

Some of the prominent industry leaders in the India power distribution transformer market that are included in our report are Toshiba Energy Systems & Solutions Corporation, General Electric, CG Power and Industrial Solutions Limited, Siemens AG, Hitachi ABB Power Grids, Mitsubishi Electric Corporation, Bharat Heavy Electricals Limited, URJA Techniques (India) Private Limited, Kirloskar Electric Company, ALSTOM, and others.