According to TechSci Research, India Power & Distribution Transformers market was valued at USD 2065.4 million in FY2020 and is anticipated to grow at a CAGR of over 6.89% in the next six years, owing to the growing demand for power due to rapid increase in population, industrialization, and urbanization. India being the 5th largest power producer in the world, in terms of installed capacity, is calling for an increase in the market of power & distribution transformer market. According to the Ministry of Power, the total installed capacity of the country was 375.323 GW by the end of 2020.
Government schemes like Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY) for strengthening and enhancement of sub-transmission distribution infrastructure in rural areas, involve an increased demand for distribution transformers in the future. Also, the Integrated Power Development Scheme (IPDS) for fulfilling the power demand of urban areas add to the demand for the transformers.
The power transformers market has been segmented based on power output (5.1 to 50.0 MVA, 50.1 to 160 MVA, 160.1 to 350 MVA, Above 350 MVA) and region wise (East, West, North, South). The distribution transformers market has been segmented based on power output (up to 100 KVA, 100.1 to 315 KVA, 315.1 to 5000 KVA) and region wise (East, West, North, South).
Major players dominating the India Power & Distribution Transformers Market are Toshiba Transmissions & Distribution Systems, Bharat Heavy Electricals Limited, Crompton & Greaves Power & Industrial Solutions, ABB Hitachi India Ltd, General Electric and others.
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The companies are focusing on extensive research and development activities in order to stay competitive in the market. The launch of smart transformers depicts their objective to stay up to date with the latest technology. Other competitive strategies include the formation of alliances and partnerships.
Years considered for this report:
Historical Years: FY2016 – FY2019
Base Year: FY2020
Estimated Year: FY2021
Forecast Period: FY2022 – FY2026
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of India Power & Distribution Transformer market using a top-down approach, wherein data for various segments was recorded and forecasted for future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and their respective power outputs for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
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Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, India Power & Distribution Transformer market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
5.1 to 50 MVA
50.1 to 160 MVA
160.1 to 350 MVA
Above 350 MVA
Up to 100 KVA
100.1 to 315 KVA
315.1 to 5000 KVA
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in India Power & Distribution Transformer market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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