The India Power & Distribution Transformer market is forecast to reach $2.9 billion by 2022.
Government is taking major steps to strengthen the power transmission & distribution network and has undertaken initiatives such as UDAY for financial turnaround of power distribution companies. Further, the Government of India has projected an investment of INR 146,000 crore in power transmission sector by FY 2019 to strengthen the transmission network thus increasing the demand for power transformers
The Western region accounted for the largest revenue share in the country in 2016. However, the major investment in transmission sector is expected in the Southern region, followed by the Northern and Western region. In the distribution sector, the Western region is expected to receive highest investments followed by the Southern and Northern region
The report thoroughly covers the market by transformer types, by power rating, by cooling system, by applications and by regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas, market drivers, which would help stakeholders to device and align market strategies according to the current and future market dynamics
India Power & Distribution Transformer Market Dynamics
- Government Initiatives - DDUGJY, IPDS, UDAY
- Growing FDI in Power Sector
- Replacement of Transformers
- Growing Renewable Energy Sector
- High CRGO Imports
- Inadequate Testing Facility
- Power Transformer
- Distribution Transformer
By Power Rating:
- 5.1 MVA - 50 MVA
- 50.1 MVA - 160 MVA
- 160.1 MVA - 350 MVA
- Above 350 MVA
- Up to 100 kVA
- 100.1 - 315 kVA
- 315.1 - 5 MVA
By Cooling System:
- Power Utilities
- ABB India ltd.
- Bharat Bijlee Limited
- Bharat Heavy Electricals Ltd.
- Crompton Greaves Ltd.
- Emco Ltd.
- GE T&D India Ltd.
- IMP Powers Ltd.
- Kirloskar Electric Company Ltd.
- Schneider Electric Infrastructure Ltd
- Siemens Ltd.
- TBEA Energy (India) Pvt. Ltd.
- Toshiba Transmission & Distribution Systems (India) Pvt. Ltd
- Transformer & Rectifiers (India) Ltd.
- Voltamp Transformer Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/m7ztl2/india_power_and
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/india-power--distribution-transformer-market-2017-2022-government-initiatives--growing-fdi-in-power-sector--replacement-of-transformers--growing-renewable-energy-sector--research-and-markets-300412408.html
SOURCE Research and Markets