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India Dry Type Transformer Market Trends

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

India Dry Type Transformer Market Trends

The India dry type transformer market is experiencing technological advancements aimed at improving efficiency, reducing losses, and enhancing overall performance. Manufacturers are investing in research and development to develop innovative designs, materials, and cooling techniques to meet the evolving needs of the industry. Rapid urbanization, particularly in emerging economies, is driving the need for reliable and efficient electrical infrastructure. India has been investing heavily in expanding its power generation capacity to meet the growing electricity demand. The government's focus on renewable energy and initiatives like the National Solar Mission has further fueled the demand for dry type transformers.

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.

India Dry Type Transformer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 101
  • Countries covered: 1
  • Pages: 120
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