India Power & Distribution Transformer Market Report 2021-2027: Market was Valued at $2065.4 Million in FY2020 and is Anticipated to Grow at a CAGR of Over 6.89%
DUBLIN, March 30, 2021 /PRNewswire/ -- The "India Power & Distribution Transformer Market, By Product Type (Power Transformer, Distribution Transformer), By Power Output, By Region, Competition, Forecast & Opportunities, FY2027" report has been added to ResearchAndMarkets.com's offering.
The Indian 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 Indian 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.
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.
Key Target Audience:
- Power Transformer companies, Distribution Transformer companies, and other stakeholders.
- Distributors and suppliers of Power & Distribution Transformers.
- Organizations, forums, and alliances related to Power Industry.
- Market research and consulting firms.
Years considered for this report:
- Historical Years: FY2016 - FY2019
- Base Year: FY2020
- Estimated Year: FY2021
- Forecast Period: FY2022 - FY2026
Report Scope:
In this report, the Indian Power & Distribution Transformers Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
India Power & Distribution Transformer Market, By Product Type:
- Power Transformers
- Distribution Transformers
India Power & Distribution Transformer Market, By Power Output:
- Power Transformers
- 5.1 to 50 MVA
- 50.1 to 160 MVA
- 160.1 to 350 MVA
- Above 350 MVA
- Distribution Transformers
- Up to 100 KVA
- 100.1 to 315 KVA
- 315.1 to 5000 KVA
India Power & Distribution Transformer Market, By Region:
- South
- West
- East
- North
Companies Mentioned
- Toshiba Transmissions & Distribution Systems
- Bharat Heavy Electricals Ltd
- Crompton & Greaves Power
- ABB Hitachi India Ltd
- General Electric
- Schneider Electric
- Alstom
- Transformers & Rectifiers India Ltd
- Bharat Bijlee
- Voltamp Transformers
For more information about this report visit https://www.researchandmarkets.com/r/ef4y9v
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