| Product Code: ETC272004 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India transformer core market import shipment experienced a negative CAGR from 2020 to 2024. However, there was a slight uptick in growth between 2023 and 2024. Overall, the market showed signs of stabilization after a period of decline, indicating a potential turnaround in the near future.
The transformer core market in India is a crucial segment of the power industry. Transformer cores are essential components for power distribution and transformation. With the growing demand for electricity, driven by industrialization, urbanization, and infrastructure development, the market for transformer cores is expanding. The ongoing emphasis on energy efficiency and sustainable power solutions has led to the development of advanced core materials and designs in this market.
The India transformer core market is driven by the need for energy-efficient transformers, which are essential for reducing transmission and distribution losses in the power grid. The push towards sustainable energy and efficient power delivery systems fosters the demand for advanced transformer cores.
The India transformer core market grapples with challenges related to the need for energy-efficient cores, fluctuations in raw material prices, and the impact of global supply chain disruptions. Transformer cores play a crucial role in energy efficiency, and there is a growing demand for high-performance cores. Fluctuations in the prices of key raw materials like electrical steel can affect the cost of manufacturing transformer cores. Global supply chain disruptions, as experienced during the COVID-19 pandemic, can disrupt the availability of critical components for transformer core production.
The transformer core market was affected by delays in infrastructure projects. As construction and power sector activities resume, this market is expected to recover.
The India Transformer Core market is dominated by key players who manufacture and supply essential components for transformers. Companies such as ABB Ltd, Crompton Greaves Ltd, Kirloskar Electric Company, and Bharat Heavy Electricals Limited (BHEL) are prominent in this sector, providing high-quality transformer cores that are crucial for the efficient and reliable functioning of electrical distribution systems in India.
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 Transformer Core Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Transformer Core Market Revenues & Volume, 2021 & 2031F |
3.3 India Transformer Core Market - Industry Life Cycle |
3.4 India Transformer Core Market - Porter's Five Forces |
3.5 India Transformer Core Market Revenues & Volume Share, By Core, 2021 & 2031F |
3.6 India Transformer Core Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 India Transformer Core Market Revenues & Volume Share, By Winding, 2021 & 2031F |
3.8 India Transformer Core Market Revenues & Volume Share, By Insulation, 2021 & 2031F |
3.9 India Transformer Core Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Transformer Core Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity in India |
4.2.2 Growing investments in the power sector |
4.2.3 Government initiatives promoting renewable energy sources |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Technological advancements leading to potential obsolescence of current transformer core designs |
4.3.3 Competition from alternative energy sources such as solar and wind power |
5 India Transformer Core Market Trends |
6 India Transformer Core Market, By Types |
6.1 India Transformer Core Market, By Core |
6.1.1 Overview and Analysis |
6.1.2 India Transformer Core Market Revenues & Volume, By Core, 2021-2031F |
6.1.3 India Transformer Core Market Revenues & Volume, By Closed, 2021-2031F |
6.1.4 India Transformer Core Market Revenues & Volume, By Shell, 2021-2031F |
6.1.5 India Transformer Core Market Revenues & Volume, By Berry, 2021-2031F |
6.2 India Transformer Core Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 India Transformer Core Market Revenues & Volume, By Distribution Transformer, 2021-2031F |
6.2.3 India Transformer Core Market Revenues & Volume, By Power Transformer, 2021-2031F |
6.2.4 India Transformer Core Market Revenues & Volume, By Instrument Transformer, 2021-2031F |
6.3 India Transformer Core Market, By Winding |
6.3.1 Overview and Analysis |
6.3.2 India Transformer Core Market Revenues & Volume, By Two Winding, 2021-2031F |
6.3.3 India Transformer Core Market Revenues & Volume, By Auto-transformer, 2021-2031F |
6.3.4 India Transformer Core Market Revenues & Volume, By Cooling, 2021-2031F |
6.3.5 India Transformer Core Market Revenues & Volume, By Dry Type, 2021-2031F |
6.3.6 India Transformer Core Market Revenues & Volume, By Self-Cooled, 2021-2031F |
6.4 India Transformer Core Market, By Insulation |
6.4.1 Overview and Analysis |
6.4.2 India Transformer Core Market Revenues & Volume, By Gas, 2021-2031F |
6.4.3 India Transformer Core Market Revenues & Volume, By Oil, 2021-2031F |
6.4.4 India Transformer Core Market Revenues & Volume, By Solid, 2021-2031F |
6.4.5 India Transformer Core Market Revenues & Volume, By Air, 2021-2031F |
6.5 India Transformer Core Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 India Transformer Core Market Revenues & Volume, By Residential & Commercial, 2021-2031F |
6.5.3 India Transformer Core Market Revenues & Volume, By Utility, 2021-2031F |
6.5.4 India Transformer Core Market Revenues & Volume, By Industrial, 2021-2031F |
7 India Transformer Core Market Import-Export Trade Statistics |
7.1 India Transformer Core Market Export to Major Countries |
7.2 India Transformer Core Market Imports from Major Countries |
8 India Transformer Core Market Key Performance Indicators |
8.1 Average capacity utilization rate of transformer core manufacturing facilities |
8.2 Percentage of transformer core manufacturers investing in research and development |
8.3 Number of new product innovations in the transformer core market |
9 India Transformer Core Market - Opportunity Assessment |
9.1 India Transformer Core Market Opportunity Assessment, By Core, 2021 & 2031F |
9.2 India Transformer Core Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 India Transformer Core Market Opportunity Assessment, By Winding, 2021 & 2031F |
9.4 India Transformer Core Market Opportunity Assessment, By Insulation, 2021 & 2031F |
9.5 India Transformer Core Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Transformer Core Market - Competitive Landscape |
10.1 India Transformer Core Market Revenue Share, By Companies, 2024 |
10.2 India Transformer Core Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |