According to 6Wresearch, India Power And Distribution Transformers Market size is projected to grow at a CAGR of 3.0% during 2020-26. Government initiatives to rapidly increase the electrification rate in the past through initiatives such as Saubhagya, DDUGJY have given a massive boost to the application of transformers in the nation. Further, as government now shift its aim towards better distribution and sustainability, the trend is likely to continue duringthe forecast period. Rapid rate of industrialisation and urbanization have significantly boosted the demand for greater power generation and distribution. As the country plans to strengthen the domestic manufacturing industry through initiatives such as Make in India, the industrial demand for transformers is anticipated to see a continued growth during the forecast period.
For
More Details Visit Press Release: India
Power & Distribution Transformer Market
The
report provides an in-depth analysis with 59 figures covered in 127 pages. The
report estimates and forecast the overall India power and distribution
transformer market by type, rating, regions, colling system, applications and
fuel type. The report provides an unbiased and detailed analysis of the
on-going trends, opportunities/high growth areas and market drivers which would
help the stakeholders to devise and align their market strategies according to
the current and future market dynamics.
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