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India Dry Type Transformer Market Share

Report ID: GMI2402
Published Date: Jun 2023
Report Format: PDF

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India Dry Type Transformer Market Share

Some of the major market players operating across the India dry type transformer market are

ABB
GE
Eaton
Schneider Electric
Siemens Energy
Hitachi Energy Ltd.
CG Power & Industrial Solutions Ltd.
Toshiba Energy Systems & Solutions Corporation
Bharat Heavy Electricals Limited (BHEL)
URJA Techniques.

These companies focus on mergers and strategic partnerships for market expansion. Furthermore, these participants are increasingly investing in research & development activities, which enable them to introduce innovative services and garner maximum revenue in the market.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of India dry type transformer exceeded USD 640.3 million in 2023 and is anticipated to grow at a CAGR of 7.3% from 2024 to 2032, owing to the rising product usage in renewable energy installations due to their ability to operate in harsh environments and their higher resistance to moisture and contaminants.

The closed core segment held a majority industry value of over USD 425 million in 2022. Rapid urbanisation and need for efficient space utilization are boosting production adoption as these transformers are known for their compact and enclosed design.

The industries segment held a share of more than 42% in 2022. The increasing emphasis on integrating wide-ranging frequency distribution links and the increasing concerns for energy efficiency are stimulating the demand for dry type transformers across industrial applications.

ABB, GE, Eaton, Schneider Electric, Siemens Energy, Hitachi Energy Ltd., CG Power & Industrial Solutions Ltd., Toshiba Energy Systems & Solutions Corporation, Bharat Heavy Electricals Limited (BHEL), URJA Techniques among others.