インドの変圧器市場の評価：タイプ別、冷却タイプ別、電圧別、用途別、地域別、機会、予測、2018年～2032年

インドの変圧器の市場規模は、2025年～2032年の予測期間中に8.50％のCAGRで拡大し、2024年の27億8,000万米ドルから2032年には53億4,000万米ドルに成長すると予測されています。

産業部門における技術の進歩と住宅産業におけるエネルギー需要の増加が、インドの変圧器需要を牽引しています。電気に依存する家電製品や技術の採用がインドの一人当たりのエネルギー消費を押し上げ、住宅部門における高い電力負荷を管理するためにより多くの変圧器の必要性を生み出しています。

インド政府および政府高官は、高圧配電用の特殊変圧器を必要とする鉄道電化プロジェクトに取り組んでいます。さらに、農村部での送電と配電の開発が進んでいるため、高品質の配電変圧器の需要が高まっています。さらに、太陽光発電、風力発電、水力発電などのクリーンエネルギーへの移行に伴い、送電網と変電所を接続するための高品質の変圧器が必要とされています。

インドは、急速な都市化をもたらすためにインフラへの投資を進めており、家庭、商業ビル、オフィス、ショッピングモール、工業の需要を押し上げています。都市化の進展は信頼性の高い電力を必要とし、既存の電力網を圧迫しています。トランスミッションは、発電所からエンドユーザーへの効率的な送電・配電を確保するために、電圧レベルを変動させる重要な役割を担っています。

都市化は、バス、電車、路面電車、地下鉄の電化を含む公共交通システムの拡大につながることが多いです。輸送システムの電化には、輸送ネットワークに電力を供給するために必要な電圧レベルを管理するために、両方のタイプの電力変圧器と配電変圧器が必要です。エネルギー需要が増加するにつれ、配電をサポートするためにより多くの変圧器が必要となります。

電力会社や政府は、頻繁な電力途絶を防ぐため、電力インフラのアップグレードに投資しています。さらに、ビル開発業者はスマートシティの構築など都市開発戦略に投資し、近代的で効率的な電力網を必要とするビルを建設しています。送電網には、スマートトランスやデジタルトランスを含む高度なトランスが組み込まれており、スマートシティのインフラに求められる高度な配電要件を管理しています。このように、エネルギー消費の増加、配電網の拡大、都市インフラの近代化に伴い、世界の変圧器市場は拡大が見込まれています。

当レポートでは、インドの変圧器市場について調査し、市場の概要とともに、タイプ別、冷却タイプ別、電圧別、用途別、地域別動向、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 インドの変圧器市場の見通し、2018年～2032年

• 市場規模の分析と予測
• 市場シェア分析と予測
• 市場マップ分析、2024年
  • タイプ別
  • 冷却タイプ別
  • 電圧別
  • 用途別、地域別、機会、予測、2018年～2032年
  • 地域別

第5章 ポーターのファイブフォース分析

第6章 PESTLE分析

第7章 価格分析

第8章 市場力学

第9章 市場の動向と発展

第10章 競合情勢

• 市場リーダー上位5社の競合マトリックス
• 上位5社のSWOT分析
• 主要企業上位10社の情勢
  • CG Power and Industrial Solutions Limited
  • Bharat Heavy Electricals Limited. (BHEL)
  • WEG INDUSTRIES (INDIA) PVT. LTD
  • TBEA Energy (India) Private Limited
  • Hitachi Energy India Limited
  • Siemens Limited
  • Schneider Electric India Pvt. Ltd:
  • Kirloskar Electric Company
  • Vijai Electricals Ltd.
  • Electro-Tech Transmission Pvt. Ltd.

第11章 戦略的提言

第12章 お問い合わせと免責事項

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Transformers Market, By Value, In USD Billion, FY2018-FY2032F
• Figure 2. India Transformers Market, By Volume, In Million Units, FY2018-FY2032F
• Figure 3. India Transformers Market Share (%), By Type, FY2018-FY2032F
• Figure 4. India Transformers Market Share (%), By Cooling Type, FY2018-FY2032F
• Figure 5. India Transformers Market Share (%), By Voltage, FY2018-FY2032F
• Figure 6. India Transformers Market Share (%), By Application, FY2018-FY2032F
• Figure 7. India Transformers Market Share (%), By Region, FY2018-FY2032F
• Figure 8. By Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 9. By Cooling Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 10. By Voltage Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 11. By Application Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 12. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024

India transformers market is projected to witness a CAGR of 8.50% during the forecast period FY2025- FY2032, growing from USD 2.78 billion in FY2024 to USD 5.34 billion in FY2032.

Technological advancements in the industrial sector and growing energy demand in the residential industry drive the demand for transformers in India. The adoption of electricity-dependent appliances and technologies boosts per capita energy consumption in India, creating a need for more transformers to manage higher electricity loads in the residential sector.

The Indian government and higher authorities are engaged in railway electrification projects that require specialized transformers for high-voltage power distribution. In addition, the ongoing development of power transmission and distribution in rural areas has fostered the demand for high-quality distribution transformers. Moreover, the transition to clean energy sources, such as solar, wind, and hydropower, requires high-quality transformers to connect grids and substations.

In July 2024, as per the report published by the International Energy Agency (IEA), an unprecedented surge in electricity demand, driven by rapid growth in industrial and residential power consumption, is expected to spike India's electricity demand by 8% in 2024.

Rapid Urbanization and Population Growth Augment Market Growth

India is investing in infrastructure to bring rapid urbanization, boosting the demand for households, commercial buildings, offices, shopping malls, and industries. The rise in urbanization requires reliable electricity, putting pressure on existing power grids. Transformers play a crucial role in fluctuating voltage levels to ensure efficient transmission and distribution of electricity from power plants to end-users.

Urbanization often leads to expanding public transport systems, including electrifying buses, trains, trams, and metro systems. The electrification of transport systems requires both types of power and distribution transformers to manage the voltage levels that are necessary to power transport networks. As energy demand rises, more transformers are needed to support electricity distribution.

Utilities and governments are investing in upgrading power infrastructure to prevent frequent disruptions. Moreover, building developers invest in urban development strategies, including establishing smart cities and buildings requiring modern and efficient power grids. The grids incorporate advanced transformers, including smart and digital transformers, to manage the sophisticated power distribution requirements of smart city infrastructure, which drives the demand for robust transformers in the market. Thus, with the rise in energy consumption, expansion of power distribution networks, and modernization of urban infrastructure, the global transformers market is expected to rise.

According to the Invest India report, in February 2024, the government of India decided to allocate about 3.3% of GDP to the infrastructure sector in FY2024, focusing on the transport and logistics segments.

Renewable Energy Integration Proliferates Market Growth

Renewable energy integration is significantly driving the demand for transformers in India. The country's move towards clean energy sources, such as solar, wind, hydro, and others, creates the demand for advanced transformers.

High-capacity power transformers are installed to transmit the power generated from large solar and wind farms over long distances, fostering the growth of the transformers market in the forecast period. In India, companies are investing in utility-scale renewable energy projects to meet clean energy goals, driving the demand for high-voltage transformers in the market.

Furthermore, renewable projects are designed as hybrid systems, combining multiple sources, such as wind and solar, with energy storage or power backup. The hybrid systems require transformers to manage different voltages and power flows between the generation sources, storage units, and the grid. Thus, the integration of renewable energy into power grids is a key driver for the transformers market, creating demand for power and distribution transformers in India.

For instance, in October 2022, Hitachi Energy India Limited (Hitachi Energy) entered into a contract with NTPC Renewable Energy Limited (NTPC REL) to supply power transformers for the new renewable energy park in Gujarat.

Government Support and Investment in Power Infrastructure to Expand Market Size

The government is prioritizing reliable electricity supply, grid expansion, modernization, and renewable energy integration in the grid, which creates opportunities for transformers. The government of India has launched rural electrification programs to expand electricity access to remote and underserved areas. Projects such as India's Saubhagya Scheme are engaged in the extension of power grids to rural regions. The grid expansions create significant demand for distribution transformers to step down high-voltage electricity for safe delivery to homes and businesses.

Government initiatives have largely determined the direction of India transformer market. Schemes such as the Revamped Distribution Sector Scheme and the Green Energy Corridors Program, have modernized transmission infrastructure, improved electrification, and ensured last-mile connectivity.

Governments often provide tax credits, subsidies, or grants to encourage investment in the production of transformers for smart cities and renewable energy infrastructure. Authorities provide incentives regarding the upliftment of large-scale power infrastructure projects, which boosts the demand for high-voltage and distribution transformers in the market.

Governments invest in power infrastructure to improve the reliability of national grids and avoid power outages. Moreover, the government is promoting the development of smart cities with advanced infrastructure and integrated energy systems, creating opportunities for market transformers.

For instance, in 2024, The Energy Conservation Act and the National Electric Mobility Mission Plan, enacted by the Indian government, encouraged the usage of eco-friendly and energy-efficient transformers.

Distribution Transformers to Dominate India Market Share

In India, the distribution transformers have a high adoption rate, which makes the segment dominate the market share. Government-backed urban development projects lead to increased demand for distribution transformers to manage power loads from commercial, industrial, and residential sectors. Distribution transformers are essential for extending power grids into rural communities.

Distribution transformers are helpful in achieving rural electrification, requiring the deployment of thousands of distribution transformers to step down the voltage from the grid for use in homes, businesses, and farms. New residential developments, commercial spaces, and public infrastructure projects in urban areas require distribution transformers to provide a reliable power supply, which drives the transformers market. Key factors contributing to the dominance include the government's push for improved rural electrification and infrastructure development, along with technological advancements enhancing transformer efficiency and durability. Thus, several beneficial aspects of distribution transformers sustain their dominance in the transformers market.

West and Central to Lead India Transformers Market Share

The west and central regions in India dominated the transformers market with the highest market share. The region comprises states that are investing in renewable energy sources and power distribution sectors that drive the regional market growth. Mumbai, Pune, and Gujarat are focusing on the commercial and manufacturing industries, which foster the demand for transformers in these cities. The demand for power transformers is on the rise as they are used to supply electricity to factories, industrial zones, and production facilities. As industrial output grows, the need for power transformers will rise to handle high electricity loads. Additionally, the rise in interest in electrification of rural areas is expected to be a major factor for market growth during the forecast period.

Future Market Scenario (FY2025 - FY2032F)

Urbanization will drive the demand for transformers as new housing developments extend, in addition to commercial complexes, industrial parks, and public infrastructure projects.

Government plans to electrify all forms of public transport system will further increase demand for transformers.

As India modernizes its power infrastructure, developing smart grids will majorly shape the demand for transformers in the market.

Power grids are being expanded to meet the energy demand, driving the need for more transformers to support the transmission and distribution of electricity to urban, suburban, and rural areas.

Key Players Landscape and Outlook

In India transformers market, companies compete to outperform one another in terms of the production of power and distribution transformers. Transformers manufacturers are concerned with supply chain resilience, energy efficiency, and environmental practices, which will define the industry's future. Production expansion, collaborations, agreements, and developing technologies are projected to increase competition in this fast-paced market.

For instance, in July 2024, Toshiba Transmission and Distribution Systems-India (TTDI) company decided to enhance its output of power and distribution transformers during the next three years.

In January 2023, CG Power and Industrial Solutions Ltd. will expand the production of power transformers and distribution transformer units at Malanpur and Bhopal in India.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. India Transformers Market Outlook, FY2018-FY2032F

• 4.1. Market Size Analysis & Forecast
  • 4.1.1. By Value
  • 4.1.2. By Volume
• 4.2. Market Share Analysis & Forecast
  • 4.2.1. By Type
    • 4.2.1.1. Distribution Transformers
    • 4.2.1.2. Power Transformers
    • 4.2.1.3. Others
  • 4.2.2. By Cooling Type
    • 4.2.2.1. Air Cooled
    • 4.2.2.2. Oil Cooled
  • 4.2.3. By Voltage Rating
    • 4.2.3.1. Low Voltage Transformers
    • 4.2.3.2. Medium Voltage Transformers
    • 4.2.3.3. High Voltage Transformers
  • 4.2.4. By Application
    • 4.2.4.1. Utility
    • 4.2.4.2. Residential
    • 4.2.4.3. Commercial and Industrial
    • 4.2.4.4. Others
  • 4.2.5. By Region
    • 4.2.5.1. North
    • 4.2.5.2. South
    • 4.2.5.3. East
    • 4.2.5.4. West and Central
  • 4.2.6. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 4.3. Market Map Analysis, FY2024
  • 4.3.1. By Type
  • 4.3.2. By Cooling Type
  • 4.3.3. By Voltage Rating
  • 4.3.4. By Application
  • 4.3.5. By Region

All segments will be provided for all regions covered

5. Porter's Five Forces Analysis

6. PESTLE Analysis

7. Pricing Analysis

8. Market Dynamics

• 8.1. Market Drivers
• 8.2. Market Challenges

9. Market Trends and Developments

10. Competitive Landscape

• 10.1. Competition Matrix of Top 5 Market Leaders
• 10.2. SWOT Analysis for Top 5 Players
• 10.3. Key Players Landscape for Top 10 Market Players
  • 10.3.1. CG Power and Industrial Solutions Limited
    • 10.3.1.1. Company Details
    • 10.3.1.2. Key Management Personnel
    • 10.3.1.3. Products and Services
    • 10.3.1.4. Financials (As Reported)
    • 10.3.1.5. Key Market Focus and Geographical Presence
    • 10.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 10.3.2. Bharat Heavy Electricals Limited. (BHEL)
  • 10.3.3. WEG INDUSTRIES (INDIA) PVT. LTD
  • 10.3.4. TBEA Energy (India) Private Limited
  • 10.3.5. Hitachi Energy India Limited
  • 10.3.6. Siemens Limited
  • 10.3.7. Schneider Electric India Pvt. Ltd:
  • 10.3.8. Kirloskar Electric Company
  • 10.3.9. Vijai Electricals Ltd.
  • 10.3.10. Electro-Tech Transmission Pvt. Ltd.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

11. Strategic Recommendations

12. About Us and Disclaimer