Smart Solutions for Reliable Power

India's power and distribution transformers market is ripe with huge growth due to high urbanization and industrialization and a rise in investments in power infrastructure. India’s demand for electricity generation and distribution capacity is growing rapidly, and the robust market for transformers is in line with that need. This trend is driven by government emphasis on rural electrification, smart grid initiatives, and integration of renewable energy. The transformer market is further segmented into power and distribution transformers where distribution transformers take a major share as they are used in end user connections. Increase in residential and commercial construction activities and government schemes fuels the demand for distribution transformers. Additionally, it is creating a lucrative opportunity for market players due to electrification of villages and enhancement of substation capacity.

Power transformer segment is also witnessing the growth on account of high voltage transmission projects and replacement of old infrastructure. The installation of efficient transformers is needed, as initiatives as Green Energy Corridors and rising capacity of renewable energy sources like solar and wind power require minimizing losses and reliability. The 'Make in India' initiative is boosting domestic manufacturing capabilities through private sector participation, FDI and policy reforms. Market growth is further catalysed by technological advancements in transformer designs such as energy efficient and smart transformers. Despite the growth prospects, the sector is also plagued by high raw material prices, compliance with quality standards, and import dependency on high grade equipment. The growing industrial demand and government support mean India’s transformer market is set to grow for years to come.

In this special issue, we introduce you to the top companies in this segment. Industry Outlook has identified the select few companies that have done particularly well with a high level of dedication. We have found that they have gone the extra mile in proving their commitment to excellence in an integrated manner.

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