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ENERGY & POWER

India Power & Distribution Transformer Market Segmentation by Transformer Type (Core Type Transformers, Shell Type Transformers, Berry Type Transformers); by Power Rating {Small (500 - 7500 KVA), Medium (7500 KVA – 100 MVA), and Large (100 MVA & above)}; by Mounting (Pad, Pole, and Underground Vault); by Phase (Single Phase, & Three Phase); by Insulation (Dry, & Liquid Immersed); and by End-User (Utility, Residential, Commercial & Industrial) – Demand Analysis & Opportunity Outlook 2020-2030

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Extensive insights into the Growth of India Power & Distribution Transformer Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • November 27th, 2020: Bharat Heavy Electricals Limited (BHEL) announced that it has successfully tested an Auto Transformer which is known to have the highest rating in India. The Auto Transformer, which has a power rating of 500 MVA 400/220/33 kV, had been designed for use in UP Power Transmission Corporation Limited.
  • March 16th, 2021: Hitachi ABB Power Grids announced that it had been selected by Bharat Aluminum Company (BALCO) to improve the power distribution system at its Korba plant in Chattisgarh. Hitachi ABB Power Grids would deploy a 500-megavolt ampere power transformer in this plant to enhance grid efficiency.

 

India Power & Distribution Transformer Market Highlights Over 2020 - 2030

The India power & distribution transformer market is estimated to garner a revenue of USD 4258.0 Million by the end of 2030, by growing with a CAGR of 7.41% over the forecast period, i.e., 2021 – 2030. Moreover, the market garnered a revenue of USD 2137.86 Million in the year 2020. The growth of the market can primarily be attributed to the growing demand for energy in the country across different end-use sectors, followed by the increasing power generation in the country. Moreover, rapid development in the area of deployment of smart grid, and the shift towards renewable energy sources, along with the growing deployment of green transformers, are some of the major factors anticipated to drive the market growth.

India Power & Distribution Transformer Market GraphThe demand for energy in India is growing significantly owing to the rapidly expanding population, growing industrialization, and increasing urban population, among others. According to the statistics by the World Bank, the urban population of India as a share of total population increased from 27.667% in the year 2000 to 34.926% in the year 2020. CLICK TO DOWNLOAD SAMPLE REPORT

Urban Population Graph

Backed by the growing demand for energy, the government of the country is increasingly focusing on to improve its power infrastructure, which is one of the major factors anticipated to drive the growth of the market in the coming years. Moreover, with the surge in the development of smart cities, the focus on deployment of green and renewable energy transformers and shift towards renewable sources of energy is increasing at a massive pace, which in turn, is anticipated to drive the growth of the India power & distribution transformer market. 

Growth Drivers and Challenges Impacting the Growth of the India Power & Distribution Transformer Market

Growth Drivers

  • Rise in Demand for Energy
  • Modernization of Existing Power Grids
  • Increasing Focus on the Adoption of Smart Grid

Challenges

India Power & Distribution Transformer Market Segmentation Synopsis

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.

Key Companies Dominating the Market

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.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

  1. Market Definition and Research Methodology
    1. Market Definition and Segmentation
    2. Assumptions and Acronyms
    3. Research Objective
    4. Research Methodology
  2. Executive Summary
  3. Market Dynamics
    1. Drivers
    2. Challenges
    3. Trends
    4. Opportunities
  4. Value Chain Analysis
  5. Impact of COVID-19 on India Power & Distribution Transformers Market
  6. Regulatory Landscape
  7. Comparative Analysis
  8. India Power & Distribution Transformers Market
    1. Market Size in USD Million (2020-2030)
    2. Market Volume in Units (2020-2030)
    3. Market Segmentation by:
      1. Transformer Type
        1. Core Type Transformers, 2020-2030 (in USD Million) (in Units)
        2. Shell Type Transformers, 2020-2030 (in USD Million) (in Units)
        3. Berry Type Transformers, 2020-2030 (in USD Million) (in Units)
      2. Power Rating
        1. Small (500 – 7500 KVA), 2020-2030 (in USD Million) (in Units)
        2. Medium (7500 KVA – 100 MVA), 2020-2030 (in USD Million) (in Units)
        3. Large (100 MVA & Above), 2020-2030 (in USD Million) (in Units)
      3. Phase
        1. Single Phase, 2020-2030 (in USD Million) (in Units)
        2. Three Phase, 2020-2030 (in USD Million) (in Units)
      4. Insulation
        1. Dry, 2020-2030 (in USD Million) (in Units)
        2. Liquid Immersed, 2020-2030 (in USD Million) (in Units)
      5. End-User
        1. Utility, 2020-2030 (in USD Million) (in Units)
        2. Residential, 2020-2030 (in USD Million) (in Units)
        3. Commercial, 2020-2030 (in USD Million) (in Units)
          1. Hotels, 2020-2030 (in USD Million) (in Units)
          2. Hospitals, 2020-2030 (in USD Million) (in Units)
          3. Commercial Buildings, 2020-2030 (in USD Million) (in Units)
          4. Others, 2020-2030 (in USD Million) (in Units)
        4. Industrial, 2020-2030 (in USD Million) (in Units)
          1. Railway, 2020-2030 (in USD Million) (in Units)
          2. Cement, 2020-2030 (in USD Million) (in Units)
          3. Power, 2020-2030 (in USD Million) (in Units)
          4. Oil & Gas, 2020-2030 (in USD Million) (in Units)
          5. Others, 2020-2030 (in USD Million) (in Units)
  9. Competitive Landscape
    1. Market Share Analysis
    2. Company Profile
      1. Toshiba Energy Systems & Solutions Corporation
      2. General Electric
      3. CG Power and Industrial Solutions Limited
      4. Siemens AG
      5. Hitachi ABB Power Grids
      6. Mitsubishi Electric Corporation
      7. Bharat Heavy Electricals Limited
      8. URJA Techniques (India) Private Limited
      9. Kirloskar Electric Company
      10. ALSTOM
  10. Primary Interview Analysis
    1. Indicative List of Respondents

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