India Power and Distribution Transformer Market Analysis By Product Type, Size, Share, Trend, Future Growth, Opportunities and Forecast 2026
India Power & Distribution Transformers market was valued at USD 2065.4 million in FY2020 and is anticipated to grow at a CAGR of over 6.89% in the next six years, owing to the growing demand for power due to rapid increase in population, industrialization, and urbanization. India being the 5 th largest power producer in the world, in terms of installed capacity, is calling for an increase in the market of power & distribution transformer market. According to the Ministry of Power, the total installed capacity of the country was 375.323 GW by the end of 2020. Government schemes like Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY) for strengthening and enhancement of sub-transmission distribution infrastructure in rural areas, involve an increased demand for distribution transformers in the future. Also, the Integrated Power Development Scheme (IPDS) for fulfilling the power demand of urban areas add to the demand for the transformers. The power transformers market h...