Increasing the expanse of the reach of power enabled through meticulous distribution is picking up pace in India and as a result, the India distribution transformer market is expected to rise at a CAGR of more than 4 percent during the period of 2020-2025. Factors such as increasing energy demands from the industries and expansion of transmission and distribution systems are likely to drive the India distribution transformer market. However, delay in the implementation of the projects due to lengthy government procedures is expected to restrain the India distribution transformer market.
India, because of its rapidly increasing urbanization and commercialization for small needs, is expanding its existing transmission and distribution system by laying new transmission lines and installing new substations to fill the energy demand-supply gap in the country. Due to its increasing number of new small power rating substation projects across country, the small capacity transformer segment is expected to be the fastest-growing segment for the India distribution transformer market during the period. A smart grid is seen as a highly efficient and economical technology that can reduce carbon emissions. Such upgradation for now exiting networks in the region can create several opportunities for the India distribution transformer market in the future.
Several favourable government policies in India made in accordance with the increasing energy demand are likely to drive the India distribution transformer market. The government initiatives like DDUGJY, IPDS and growing FDI in power industry are few growth drivers in the industry and the growth in renewable energy sector also substantially helps in increase in demand for transformers.
We studied this industry segment in-depth and have come up with the list of Top 10 Industrial Transformer Manufacturers who have excelled in this field with their innovative approach. Having proven their dedication to quality and end-to-end addressal of customer requirements, these companies have stood out from the crowd.
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