Wednesday, July 16, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Investment

CAGR 6.89% for power and distribution transformers market

Fiinews by Fiinews
March 26, 2021
in Investment, Manufacturing, Technology
Reading Time: 2 mins read
A A
0
Bharat Bijlen
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Govt schemes drive demand for transformers

The Indian Power and Distribution Transformers market 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. It was valued at US$2.065 billion in 2020, said an industry report on 25 Mar 2021.

India being the 5th largest power producer in the world, in terms of installed capacity, is calling for an increase in the market of power and distribution transformer market, noted the report by ResearchAndMarkets.

India had installed capacity of the country was 375.323 GW by the end of 2020, according to the Power Ministry.

The 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.

Major players dominating the Indian Power & Distribution Transformers Market are Toshiba Transmissions & Distribution Systems, Bharat Heavy Electricals Ltd, Crompton & Greaves Power, ABB Hitachi India Ltd, General Electric, Schneider Electric, Alstom, Transformers & Rectifiers India Ltd, Bharat Bijlee and Voltamp Transformers

The companies are focusing on extensive research and development activities in order to stay competitive in the market. The launch of smart transformers depicts their objective to stay up to date with the latest technology. Other competitive strategies include the formation of alliances and partnerships, said the report. #investment #projects #manufacturing #technology /fiinews.com

Tags: ResearchAndMarkets
ShareTweetShare

Related Posts

Upekkha
Technology

Tech: Indians embedding AI into industry

by Fiinews
July 15, 2025
0
20

Enterprise leaders struggling to square hype and promise of AI Indian startups embedding AI into core industry workflows across finance,...

Owl Labs
Technology

Tech: Meeting Owl 3 launched in India

by Fiinews
July 15, 2025
0
14

RAH Infotech named distribution partner in India. Boston-based Owl Labs, backed by recently raised US$47 million in funding, has launched...

Jupiter Wagons

Invest: Jupiter commits Rs.3,000cr to rail projects

July 15, 2025
15
Xchange.pe

Tech: Xchange.pe incubates from FinBlue

July 13, 2025
15
PIB

Manufacturing: Scheme launched for e-trucks

July 13, 2025
15
Ansrsource With Tagline

Tech: ansrsource-ANSR reshape talent across India

July 11, 2025
18
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tender: Minister officiates on Rs.2,000cr projects
  • Project: Update on Japanese-supported bullet train
  • Tender: Strategies needed for BIMSTEC ports
  • Export: ODOP international footprint expands
  • Export: Guidelines soon to put more ODOP on global markets

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.