Transformer market size in India | Growth, Trends & Insights 2025

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Code: MTA10392

Publication Date: Oct 2025

What is the growth rate of the India Transformer Market?

According to 6Wresearch internal database and industry insights, India Transformer Market is expanding at a CAGR of 8.2% during the forecast period 2025-2031.

There are several factors contributing to the expansion of the market including growing investments in power transmission and distribution infrastructure, rising electricity demand from residential and industrial sectors, increasing renewable energy integration, and government initiatives aimed at strengthening the national grid and improving energy efficiency.

Key Growth Drivers of the India Transformer Market

Rising power demand driven by rapid urbanization and industrialization
Expansion of renewable energy projects and grid modernization
The government programs that encourage rural electrification
More money is going into smart grids and power transmission networks.
New technologies that make transformers more energy-efficient
The growing emphasis on updating old power infrastructure

India Transformer Market Trends

India Transformer Market is witnessing major growth with notable trends such as increasing adoption of smart and energy-efficient transformers equipped with IoT-based monitoring systems. Utilities and businesses want more transformers that are dry-type and oil-immersed. For reduced carbon emissions and maintenance costs, manufacturers are focusing on designs that are small and good for the environment. Digital monitoring for predictive maintenance is also becoming more important. Additionally, as more renewable energy is produced, more step-up transformers are needed for solar and wind projects.

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Emerging Developments in the India Transformer Market

India Transformer Market is evolving with technological advancements like digital twin technology, AI-driven predictive maintenance, and remote condition monitoring. The goal of research and development is to make high-voltage and ultra-high-voltage transformers that will help the smart grid grow. Utilities and manufacturers are working together more to make the grid more reliable. Therefore, to improve the country ability to make things by supporting local manufacturing projects. Additionally, the growing popularity of energy-efficient amorphous core transformers is making the market more competitive and sustainable.