India power and distribution transformer market to reach $6.37 B by 2031
The India power and distribution transformer market was valued at $4.50 B in 2025 and is expected to reach $6.37 B by 2031, rising at a CAGR of 5.81 %.
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India: According to a ResearchAndMarkets.com’s report, the India power and distribution transformer market was valued at $4.50 B in 2025 and is projected to reach $6.37 B by 2031, growing at a CAGR of 5.81 %.
This growth is primarily driven by the country’s increasing electricity demand prompted by urbanisation, industrial expansion, and rural electrification efforts. Power transformers are vital in high-voltage transmission, enabling efficient electricity transport over long distances, while distribution transformers function at lower voltages to deliver power to end users. Both types play a crucial role in ensuring voltage stability and minimising energy losses across the electrical grid.
As India invests in infrastructure development, modernises aging grid systems, and implements energy-efficient solutions, the demand for high-performance, durable transformers continues to rise. Additionally, policy support from initiatives like ‘Make in India’ and renewable integration into the grid further boost market expansion. With a strong push toward sustainability and technological upgrades, the transformer sector is poised for steady and strategic advancement.
The key market players: Siemens AG, ABB Ltd, General Electric Company, Schneider Electric SE, Toshiba Corporation, Mitsubishi Electric Corporation, Eaton Corporation plc, Crompton Greaves Consumer Electricals Limited, etc.
Source: researchandmarkets.com
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