Market Insights and Analysis: India Power & Distribution Transformer Market Overview and Projections (2024-2030)

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.

Top leading companies in the India Power & Distribution Transformer Market includes:

BHEL, Siemens India, ABB, GE T&D India Ltd., Schneider Electric India, GC Power & Industrial Solutions Ltd., Kirloskar Electric Co. Ltd., Transformers & Rectifiers India Ltd., Kotsons Power & Distribution Transformers, ABC Transformers Pvt. Ltd., and others

Recent Developments

• 2024: Transformers & Rectifiers India Ltd. managed to secure an order worth nearly USD 27.89 million from Power Grid for the designing, engineering, manufacturing, testing, and supply of all the critical components for power transmission set-up, including power transformers.
• 2023: Schneider Electric India reported the launch of a new product line, including power transformers, to cater to the growing digitalization in India through expanding its existing manufacturing facility in Bengaluru, Karnataka.

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Report Segmentation:

The market is categorized into the following segments in the report:

By Category

-Power Transformers

-Distribution Transformers

• Distribution Transformers have gained a larger market share in the past few years.

By Phase

-Single Phase

-Three Phase

By End User

-Power Plants

-Power Utilities

-Residential & Commercial

-Industrial

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India Power & Distribution Transformer Market Geographic Reach:

The Geographic Reach of the India Power & Distribution Transformer Market evaluates the spread and significance of India Power & Distribution Transformer market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.

• North
• South
• East
• West

Note: If you require specific information not covered in the current report, we can provide it through customized option

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