BHEL Leads $2.5 Billion Power & Distribution Transformers Market in India
Increasing
investment in renewable energy, growing emphasis on rural electrification, and
rising replacement demand for transformers to propel India power &
distribution transformers market through 2022
According to
TechSci Research report “India
Power & Distribution Transformers Market
By Transformer Type, By Power Output, Competition Forecast & Opportunities,
2022” power & distribution transformers market in India reached
$2.5 Billion market size in 2016, on the back of increasing power generation
capacity and growing demand for power in industries as well as in households
across the country. As of December 2016, the total installed power capacity in
India stood at 310 GW, of which, nearly 33% was contributed by state utilities.
In addition, implementation of favorable government policies such as Deen Dayal
Upadhyaya Gram Jyoti Yojana (DDUGJY), which promotes rural electrification and
other power sector reforms initiated by the government such as implementation
of national grid, coal linkages and push for renewable energy throughout the
country, are expected to bolster demand for power & distribution transformers
in India during 2017-2022.
Browse
11 market data Tables and 19 Figures spread through 102 Pages and an
in-depth TOC on "India Power & Distribution Transformers
Market"
https://www.techsciresearch.com/report/india-power-distribution-transformers-market-by-transformer-type-power-distribution-by-power-output-power-5-1-to-50-mva-50-1-to-160-mva-etc-distribution-100-kva-100-1-to-315-kva-etc-competition-forecast-opportunities/938.html
Upcoming
government projects like Green Energy Corridor for power generation from
renewable sources would further add to the overall power & distribution transformer
installations in the country. With increasing focus of government on achieving 100%
electrification in all the rural areas across the country, distribution
transformer segment is expected to continue dominating the transformers market
in India during the forecast period. Moreover, use of renewable and alternative
energy sources such as biogas, solar power, wind power, etc., in far-flung
areas where grid connectivity is tough to implement, would also propel the
market for distribution transformers in India in the coming years. On account
of the cost advantages enjoyed by Chinese and Korean companies, imports of distribution
transformers from China and Korea are witnessing a continuous increase, and
this trend is expected to prevail through 2022.
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‘’Power Sector in India is
witnessing a paradigm shift in the wake of structural and policy
reforms initiated by the government, with the focus being shifted towards
reducing the demand supply gap prevalent in the power sector, and thereby,
provide access to 24*7 electricity to every household in the country. This is
in turn expected to boost India power & distribution transformer market in
the coming years.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Power
& Distribution Transformers Market By Transformer Type, By Power Output,
Competition Forecast & Opportunities, 2022” has evaluated the future
growth potential of the power & distribution transformer market in India and
provided statistics and information on market size, industry behaviour and
trends. The report includes market projections and demand forecasting. The
report will suffice in providing the intending clients with cutting-edge market
intelligence and help them in taking sound investment evaluation. Besides, the
report also identifies and analyzes the emerging trends along with essential
drivers, challenges and opportunities available in India power &
distribution transformer market.
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