In-Depth India Power & Distribution Transformer Market Analysis: Growth Trends, Size, and Demand from 2024 to 2030

Markntel Advisors’ report, India Power Distribution Transformer Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the India Power Distribution Transformer presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

India Power Distribution Transformer Market Industry Research Report Market Summary:

The India Power Distribution Transformer Market size was valued at around USD 3.97 billion in 2023 and is projected to reach around USD 8.41 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 10.84% during the forecast period, i.e., 2024-30. The market growth is attributed to the soaring development in the nation’s installed power capacity, which has been in line with the burgeoning urbanization, and the government’s initiative to achieve 100% access to electricity across the country. Moreover, India is a rapidly growing economy in the world that is witnessing consistent foreign investments, public private infrastructure development, etc. This in turn has fueled the construction of electricity generation, transmission, and distribution infrastructure. Thus the need for power distribution transformers in the country has surged in the past few years.

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India Power Distribution Transformer Market Dynamics:

Key Driver-

Government Subsidies for the Installation of Residential Commercial Rooftop Solar Power Plants – The government of India, to reduce its carbon emissions primarily from the energy sector, has pushed the adoption of green energy sources amongst producers and consumers. Since the development and switch of large traditional power plants to green power plants is time- and cost-consuming, the construction of small-scale renewable energy power plants sufficient enough to cater to individual spaces is observed as a feasible option to drastically reduce CO2 emissions from electricity consumption.

Moreover, to fuel the integration of these power plants, the central and state governments of India have announced financial benefits in terms of subsidies on electricity bills, tax rebates on the purchase of solar power equipment, and others. The Ministry of New and Renewable Energy, under its Rooftop Solar Programme Phase 2, offers subsidies of about USD 225 per KW for up to 3KW systems, around USD 112.5 per KW for systems ranging from 3 to 10KW, and a fixed amount of nearly USD 1462.5 for any system above 10KW. Via this program, the government aims to reduce and ease the upfront fixed cost of the solar plant establishment for residential consumers and increase the uptake of residential rooftop solar power plants. Hence, with the increasing construction of rooftop solar power plants, the demand for distribution transformers has been significantly increasing throughout the historical period.

India Power Distribution Transformer Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Category

Power Transformers- Market Size Forecast 2019-2030, (USD Million)
Distribution Transformers- Market Size Forecast 2019-2030, (USD Million)

Among them, Distribution Transformers have gained a larger market share in the past few years. Rapid soaring urbanization along with rural area development in the country have supported the larger market share of distribution transformers in the past few years.

By Phase

Single Phase- Market Size Forecast 2019-2030, (USD Million)
Three Phase- Market Size Forecast 2019-2030, (USD Million)

By End User

Power Plants- Market Size Forecast 2019-2030, (USD Million)
Power Utilities- Market Size Forecast 2019-2030, (USD Million)
Residential Commercial- Market Size Forecast 2019-2030, (USD Million)
Industrial- Market Size Forecast 2019-2030, (USD Million)

Out of them all, the industrial segment has been witnessing notable growth in the India Power Distribution Transformer Market. This can be measured by the fact that the industrial sector of India has been performing well since historical times. The government introduced production-linked incentive (PLI) schemes, which have acted as a major boost to the expansion of existing and new industrial facilities. Chemical, textile, automotive, heavy engineering, iron metals, pharmaceuticals, defense, etc., are some of the essential revenue-generating industries of India from domestic as well as export demand.

By Region

North
South
East

As indicated in the latest market research report published by Markntel Advisors, “India Power Distribution Transformer Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the India Power Distribution Transformer. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/india-power-distribution-transformer-market.html

Top Companies Operating in the India Power Distribution Transformer Market:

BHEL
Siemens India
ABB
GE TD India Ltd.
Schneider Electric India
CG Power Industrial Solutions Ltd.
Kirloskar Electric Company Ltd.
Transformers Rectifiers India Ltd.
Kotsons Power Distribution Transformers
ABC Transformers Pvt. Ltd.
Others.

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

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Other Report:

Key Report Highlights:

Market Dimensions Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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