The India power & distribution transformer market is segmented by transformer type into core type transformers, shell type transformers, and berry type transformers. Out of these, the shell type transformers segment is anticipated to hold the highest market share and further attain a market revenue of USD 1941.65 Million by the end of 2030. On the basis of power rating, the market is segmented into small (500 – 7500 KVA), medium (7500 KVA – 100 MVA), and large (100 MVA & above). Out of these, the small (500 – 7500 KVA) segment attained the largest market revenue of USD 968.88 Million in the year 2020 and is further projected to touch USD 2052.36 Million by the end of 2030. The segment is also anticipated to grow with the highest CAGR of 8.07% during the forecast period. On the basis of mounting, the market is segmented into pad, pole, and underground vault. Out of these segments, the pad segment is expected to touch the largest revenue of USD 3512.85 Million by the end of 2030. Further, the market is also segmented on the basis of phase into single and three phase, out of which, the three phase segment is anticipated to hold the highest market share and also grow with the highest CAGR of 8.09% during the forecast period. On the basis of insulation, the market is segmented into dry and liquid immersed, out of which, the liquid immersed segment is expected to grow with the highest CAGR of 7.75% during the forecast period. By end-user, the market is segmented into utility, residential, commercial, and industrial. Out of these, the utility segment is anticipated to garner the largest revenue of USD 3202.02 Million by the end of 2030.
Growth Drivers
Challenges
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. 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.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. 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.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Payel Roy, Dhruv Bhatia
Ans: The rise in demand for energy, modernization of existing power grids, and increasing focus on the adoption of smart grid are some of the major factors anticipated to drive the market growth.
Ans: The market is anticipated to attain a CAGR of 7.41% over the forecast period, i.e., 2021 – 2030.
Ans: The huge investment and maintenance costs associated with the replacement of power distribution network and the high price of transmission and distribution equipment are some of the major factors estimated to hamper the market growth.
Ans: The major players in the market are Toshiba Energy Systems & Solutions Corporation, General Electric, CG Power and Industrial Solutions Limited, Siemens AG, Hitachi ABB Power Grids, Mitsubishi Electric Corporation, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by transformer type, power rating, mounting, phase, and by end-user.
Ans: The shell type transformers segment is anticipated to generate the largest market revenue of USD 1941.65 Million by the end of 2030 and display significant growth opportunities.
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