Product Code: ETC4530385 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India dry type transformer market import shipment demonstrated a strong growth trend with a CAGR of 11.3% from 2020 to 2024. However, there was a slight decline in growth momentum between 2023 and 2024, with a negative growth rate of -1.8%. Overall, the market expanded significantly but showed signs of stabilization towards the end of the period.
The dry type transformer market in India is expanding as the country seeks more sustainable and environmentally friendly energy solutions. Dry type transformers are known for their efficiency and safety, making them ideal for urban and industrial applications. As India urbanization and industrialization progress, the need for reliable power distribution systems, including dry type transformers, is on the rise.
The dry-type transformer market in India is witnessing substantial growth due to the rising demand for safer and more environmentally friendly electrical infrastructure. Dry-type transformers are free of oil, making them suitable for indoor installations and reducing the risk of oil-related accidents. The increasing emphasis on renewable energy sources and the expansion of the power distribution network are driving the demand for these transformers. Furthermore, government initiatives promoting the use of eco-friendly technologies are boosting market adoption.
The dry-type transformer market in India faces multiple challenges as it provides essential power distribution solutions. One of the foremost challenges is meeting the increasing demand for energy-efficient and eco-friendly transformers while ensuring compliance with environmental regulations. Customizing transformers for different voltage and power rating requirements across industries is complex and requires continuous innovation. Managing costs and addressing price pressures while maintaining high-quality standards is another challenge in this competitive market. The market must also focus on providing reliable and timely after-sales service and technical support.
The COVID-19 pandemic had a notable impact on the India Dry Type Transformer market. The construction and industrial sectors, which are key consumers of dry type transformers, faced disruptions due to lockdowns and supply chain interruptions. This resulted in delayed projects and a slowdown in demand for these transformers. However, the market witnessed a recovery as economic activities gradually resumed, with a growing emphasis on energy-efficient solutions and renewable energy projects.
Major participants in the Dry Type Transformer market in India consist of ABB, Siemens, Eaton Corporation, and Schneider Electric.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Dry TypeTransformer Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Dry TypeTransformer Market Revenues & Volume, 2021 & 2031F |
3.3 India Dry TypeTransformer Market - Industry Life Cycle |
3.4 India Dry TypeTransformer Market - Porter's Five Forces |
3.5 India Dry TypeTransformer Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 India Dry TypeTransformer Market Revenues & Volume Share, By Phase, 2021 & 2031F |
3.7 India Dry TypeTransformer Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
3.8 India Dry TypeTransformer Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 India Dry TypeTransformer Market Revenues & Volume Share, By End Phase, 2021 & 2031F |
4 India Dry TypeTransformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity and power generation in India |
4.2.2 Growing focus on renewable energy sources like solar and wind power |
4.2.3 Government initiatives promoting energy efficiency and sustainability |
4.3 Market Restraints |
4.3.1 High initial cost of dry type transformers compared to traditional transformers |
4.3.2 Lack of awareness and understanding of the benefits of dry type transformers |
4.3.3 Limited availability of raw materials required for manufacturing dry type transformers |
5 India Dry TypeTransformer Market Trends |
6 India Dry TypeTransformer Market, By Types |
6.1 India Dry TypeTransformer Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Dry TypeTransformer Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 India Dry TypeTransformer Market Revenues & Volume, By Cast Resin, 2021-2031F |
6.1.4 India Dry TypeTransformer Market Revenues & Volume, By Vacuum Pressure Impregnated, 2021-2031F |
6.2 India Dry TypeTransformer Market, By Phase |
6.2.1 Overview and Analysis |
6.2.2 India Dry TypeTransformer Market Revenues & Volume, By Single-Phase, 2021-2031F |
6.2.3 India Dry TypeTransformer Market Revenues & Volume, By Three-Phase, 2021-2031F |
6.3 India Dry TypeTransformer Market, By Voltage |
6.3.1 Overview and Analysis |
6.3.2 India Dry TypeTransformer Market Revenues & Volume, By Low, 2021-2031F |
6.3.3 India Dry TypeTransformer Market Revenues & Volume, By Medium, 2021-2031F |
6.4 India Dry TypeTransformer Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 India Dry TypeTransformer Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.3 India Dry TypeTransformer Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 India Dry TypeTransformer Market Revenues & Volume, By Others, 2021-2031F |
6.5 India Dry TypeTransformer Market, By End Phase |
6.5.1 Overview and Analysis |
6.5.2 India Dry TypeTransformer Market Revenues & Volume, By Single, 2021-2031F |
6.5.3 India Dry TypeTransformer Market Revenues & Volume, By Three, 2021-2031F |
7 India Dry TypeTransformer Market Import-Export Trade Statistics |
7.1 India Dry TypeTransformer Market Export to Major Countries |
7.2 India Dry TypeTransformer Market Imports from Major Countries |
8 India Dry TypeTransformer Market Key Performance Indicators |
8.1 Energy efficiency improvements in the power sector |
8.2 Increase in renewable energy capacity installations |
8.3 Number of government policies promoting the use of dry type transformers |
9 India Dry TypeTransformer Market - Opportunity Assessment |
9.1 India Dry TypeTransformer Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 India Dry TypeTransformer Market Opportunity Assessment, By Phase, 2021 & 2031F |
9.3 India Dry TypeTransformer Market Opportunity Assessment, By Voltage, 2021 & 2031F |
9.4 India Dry TypeTransformer Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 India Dry TypeTransformer Market Opportunity Assessment, By End Phase, 2021 & 2031F |
10 India Dry TypeTransformer Market - Competitive Landscape |
10.1 India Dry TypeTransformer Market Revenue Share, By Companies, 2024 |
10.2 India Dry TypeTransformer Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |