India Power Distribution Transformers Market To Be Dominated By Transformer Capacities Of Less Than 500kva

Continuous advances in distribution transformer technology to improve reliability and safety throughout T&D networks to have a favorable impact on market demand.

According to TechSci Research report India Power & Distribution Transformer Market - By Region, Competition Forecast & Opportunities, 2028, the India Power & Distribution Transformer Market is expected to register robust growth during the forecast period, 2024-2028. The expanding use of transformers for household and commercial applications, as well as their cheap cost, are driving demand for wet insulated power transformers.

Manufacturers of distribution transformers have struggled to manage their operational and financial bases. As a result, some procedures were put on hold. Factors such as rising industrial energy consumption, development of transmission and distribution networks, and growth in the renewable energy sector are projected to boost the India Distribution Transformer Market. However, delays in project execution due to extensive regulatory procedures are projected to limit market growth throughout the projection period.

Distribution transformers are often found at a service drop, which is where cables connect from a utility pole or underground power lines to a customer's property. At voltages less than 30 kV, they are frequently used to power facilities located outside communities, such as isolated dwellings, farmyards, or pumping stations. Another use is the power supply of the overhead wire of AC-powered railroads. Single phase distribution transformers are utilized in this scenario.

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Additionally, government initiatives towards power distribution, further propel the market growth in the forecast period. On December 3, 2014, the Ministry of Electricity, Government of India, notified the "Integrated Power Development Scheme" (IPDS) for upgrading power sub-transmission and distribution networks in metropolitan areas. The major goal of the plan is to enhance urban sub-transmission and distribution networks. Projects worth INR 30,904 crore (USD3739.3 Million) have been sanctioned under IPDS. So far, a grant of INR 16,478 crore (USD199.38 Million) has been made available to states/discoms under IPDS. Since then, market is likely to expand further, distribution system strengthening works in 524 circles has been completed effectively.

The India Power & Distribution Transformer Market is divided into type, rating, end user, phase, insulation, and region. ​Based on End User, the market is segmented into residential, commercial, industrial, and utility. Based on phase, the market is divided into single phase and three phase. Based on insulation, the market is divided into oil immersed and dry.

Based on type, the market is segmented into power transformer and distribution transformer.  Based on rating, the market is segmented into upto Below 500 kVA, 500 kVA-2500 kVA, and Above 2500 kVA. Distribution transformers with capacities less than 500kVA are often used in residential and light commercial applications. These distribution transformers are dominated by single-phase transformers.

Residential power consumption in developing nation is much lower than the worldwide average, owing to a lack of access to electricity and fewer electronic devices per family in developing countries compared to wealthy countries. The increased availability to power in rural regions, notably in India, because of government efforts such as the Saubhagya plan and Power for All, which seek to connect all families, is likely to increase demand for distribution transformers with capacities less than 500 kVA.

Power transformer market growth is being driven largely by an increase in single phase transformer use in electricity distribution and an increase in worldwide power consumption. The government's emphasis on expanding the electricity transmission network and boosting rural development will fuel the growth of the single-phase power transformer market. Single phase transformers are frequently used in specific voltage demand applications in mining, marine, and oil and gas industries due to their safety benefits over liquid-filled transformers. This would be advantageous given the growth of the power transformer industry.

Major market players in the India Power & Distribution Transformer Market are: -

• Mitsubishi Electric Corporation
• CG Power and Industrial Solutions Ltd
• Hitachi Energy Ltd
• Siemens Energy AG
• Hyosung Heavy Industries
• Transformers & Rectifiers (India) Limited
• Urja techniques India Pvt Ltd
• Power Tech Transformers
• ABC Transformer Private Limited
• L.D.Power Transformers Pvt Ltd

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“Rising need for reliable and consistent electrical energy is driving the market growth in the forecast period. The need for power transformers is being driven by the growing use of transformers in both residential and business applications, as well as by their low cost. Additionally, several developed nations are  putting their attention on updating their outdated electricity infrastructure, these factors promote the market growth in future. Moreover, the development of smart grids stimulate demand for IoT (Internet of Things) compatible distribution transformer. Hence, the market is anticipated to have lucrative opportunities in 2018-2018.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based India management consulting firm.

India Power & Distribution Transformer Market By Type (Power Transformer & Distribution Transformer), By Rating (Below 500 kVA, 500 kVA-2500 kVA, and Above 2500 kVA), By End User (Residential, Commercial, Industrial and Utility), By Phase (Single Phase and Three Phase), By Insulation (Oil Immersed & Dry), By Region, Competition Forecast & Opportunities, 2018-2028 has evaluated the future growth potential of India Power & Distribution Transformer Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities India Self-Cleaning Glass Market.