変流器のインド市場の評価：製品タイプ別、用途別、エンドユーザー別、地域別、機会、予測（2018年度～2032年度）

インドの変流器の市場規模は、2024年度の2億9,490万米ドルから2032年度に5億2,928万米ドルに達すると予測され、予測期間の2025年度～2032年度にCAGRで7.59%の成長が見込まれます。市場は急速な工業化、都市化、電力インフラの拡大により近年大幅に成長しており、今後も力強い拡大ペースを維持すると予測されます。変流器は、正確な電流測定、モニタリング、保護に使用されるため、電気システムに不可欠なコンポーネントとなっています。発電・送電部門や再生可能エネルギー発電への投資の高まりが、変流器市場の成長を後押ししています。変流器は、安定性と効率を確保しながら、送電網の可変のエネルギー源を扱うことができます。さらに、政府がスマートグリッド開発に注力し、Smart Meter National Programのような取り組みの下でスマートメーターを展開していることが、市場における変流器の需要をさらに押し上げています。

さらに、同国はエネルギー効率化と電力インフラの近代化を推進しており、これは複数の政府の計画や取り組みによって支えられています。こうした取り組みは、市場における変流器需要の増加に寄与しています。さらに、同国の産業部門は、正確な電流の測定とモニタリングを必要とするオートメーションやIoT技術の採用を志向しており、それによって産業部門の変流器需要を促進しています。結論として、インドにおける変流器需要の増加は、同国のエネルギー転換、インフラの近代化、電力システムにおける効率性、安全性、信頼性の重視によって促進されています。

例えば2024年10月、電力省は2032年までにインドの再生可能エネルギー送電インフラとエネルギーグリッド容量を拡大する目標を発表しました。政府は約1,090億米ドルを投資し、最大5,000万kWの再生可能電力容量を構築しようとしています。この開発により、ユーティリティ部門における再生可能エネルギーの送配電に利用する変流器の需要が増加します。

当レポートでは、インドの変流器市場について調査分析し、市場規模と予測、市場力学、主要企業の情勢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 顧客の声

• 回答者の人口統計
• 購入決定において考慮される要素
  • 機能とその他の付加価値サービス
  • 精度と性能
  • 経済的要因
  • アフターサポート
  • 定格電圧、定格電流

第5章 インドの変流器市場の見通し（2018年度～2032年度）

• 市場規模の分析と予測
  • 金額
• 市場シェアの分析と予測
  • 製品タイプ別
  • 用途別
  • エンドユーザー別
  • 地域別
  • 市場シェア分析：企業別（上位5社とその他、金額）（2024年度）
• 市場マップ分析（2024年度）
  • 製品タイプ別
  • 用途別
  • エンドユーザー別
  • 地域別

第6章 ポーターのファイブフォース分析

第7章 PESTLE分析

第8章 市場力学

• 市場促進要因
• 市場の課題

第9章 市場の動向と発展

第10章 競合情勢

• マーケットリーダー上位5社の競合マトリクス
• 上位5社のSWOT分析
• 主要企業上位10社の情勢
  • Siemens India Limited
  • Amrest Electricals Limited
  • ABB India Limited
  • GT Electronic India Private Limited
  • Vandana Transformers
  • ASHMOR Electricals (India) Private Limited
  • RECO Transformers Private Limited
  • Newtek Electricals Private Limited
  • BEEMET Instruments Private Limited

第11章 戦略的提言

第12章 当社について、免責事項

List of Tables

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

List of Figures

• Figure 1. India Current Transformers Market, By Value, In USD Million, FY2018-FY2032F
• Figure 2. India Current Transformers Market Share (%), By Product Type, FY2018-FY2032F
• Figure 3. India Current Transformers Market Share (%), By Application, FY2018-FY2032F
• Figure 4. India Current Transformers Market Share (%), By End-user, FY2018-FY2032F
• Figure 5. India Current Transformers Market Share (%), By Region, FY2018-FY2032F
• Figure 6. By Product Type Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 7. By Application Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 8. By End-user Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 9. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2024

India current transformers market is projected to witness a CAGR of 7.59% during the forecast period FY2025- FY2032F, growing from USD 294.90 million in FY2024 to USD 529.28 million in FY2032. The market has experienced significant growth in recent years due to rapid industrialization, urbanization, and expanding power infrastructure and is expected to maintain a strong pace of expansion in the coming years. Current transformers are becoming essential components in electrical systems as devices are used for accurate current measurement, monitoring, and protection. The rising investment in the power generation and transmission sector, as well as in renewable energy sources, is driving the growth of current transformers in the market. Current transformers are capable of handling variable energy sources in the grid while ensuring stability and efficiency. Additionally, the government's focus on smart grid development and the deployment of smart meters under initiatives like the Smart Meter National Program has further boosted the demand for current transformers in the market.

Furthermore, the country is pushing for energy efficiency and the modernization of power infrastructure, which is being supported by several government schemes and initiatives. These initiatives contribute to the rising demand for current transformers in the market. Moreover, the industrial sector in the country is inclined towards adopting automation and IoT technologies, which require precise current measurement and monitoring, thereby driving the demand for current transformers in the industrial sector. In conclusion, the increasing demand for current transformers in India is fueled by the country's energy transition, infrastructure modernization, and the growing emphasis on efficiency, safety, and reliability in power systems.

For instance, In October 2024, the power ministry announced the goal to expand India's renewable transmission infrastructure and energy grid capacity by 2032. The government is looking to invest around USD 109 Billion to build the capacity for up to 500 GWs of renewable power. This development will increase the demand for current transformers in the utility sector for the transmission and distribution of renewable energy.

Inclination Towards Current Flow Measurement and Management Device Augmenting Market Growth

Current flow measurement and management devices such as current transformers are becoming the key components in meters as devices enable accurate measurement of current for billing and grid management. Current transformers are used in energy management systems to monitor and optimize power consumption in real-time. Significant investments in utility projects are boosting the demand for advanced energy flow monitoring devices in different applications. Moreover, the country's shift towards the integration of renewable energy in the grids drives the demand for current flow management devices in the substations. The country is looking to modernize electrical grids and expand renewable power infrastructure which is fostering the growth in the current transformer market size in the forecast period.

As of December 2024, the electricity generation in the country stood at 1,378.418 billion units (BU) (April-December 2024) reflecting a growth of 5.31% compared to the same time period for the year 2023-24. In 2023-2024 the total electricity generation stood at 1,739.091 BU with a growth of 7.6% compared to last financial year. Further, the electricity generation target for the year 2024-25 was fixed at 1900 BU comprising of 1444.943 BU Thermal; 147.709 BU Hydro; 55.348 Nuclear; 8 BU Import from Bhutan and 244 BU RES (Excl. Large Hydro). With the rising investment in the power generation sector drives the demand for current transformers in the market.

Furthermore, India is looking to invest in the industrial sector to automate its operations to boost productivity. The industrial sector is inclining toward the adoption of efficient machinery and equipment in different industries which creates the demand for monitoring power flow management devices in the market. The integration of devices with large equipment enables the real-time tracking of energy consumption of equipment which allows for better management of power usage and identification of inefficiencies. The rising focus on automation and optimizing energy consumption in the country is significantly fostering the demand for advanced power monitoring devices such as current transformers in the manufacturing, commercial, and renewable energy sectors.

For instance, in August 2024, India's data center industry is evolving innovative technologies such as AI, ML, and IoT for higher efficiency and sustainability in the power sector. The data center industry is adopting advanced power management and quality monitoring devices for monitoring and to prevent costly downtime and ensure reliable operations. This development highlights that industries are adopting innovative technologies for collecting power consumption data which drive the demand for current transformers in the market.

Rising Regulatory Measures Comply with Grid Stability and Power Quality Creating Market Opportunity

The Indian government is promoting electrification and modernization of power grids through various incentive plans. The upcoming plans follow regulatory compliance, which focuses on enhancing the power quality and safety of electrical devices, which drives the demand for efficient current transformers in the market. Moreover, the government is looking to commence new regulator measures that are going to support the upliftment of safety devices, which will create a favorable environment for the adoption of advanced current transformers in the country. The strict measures will encourage investments in reliable electric safety devices and systems, which are going to boost the market size of current transformers in the coming years.

For instance, The Central Electricity Authority (CEA) has approved the Uniform Protection Protocol to ensure grid stability, reliability, and security, aiming to support the safe integration of 450 GW of renewable energy by 2030 and 2,100 GW by 2047. The protocol mandates protection requirements for various grid components and provides for collecting adequate disturbance data for grid event analysis and protection audits.

Further, The Chhattisgarh State Electricity Regulatory Commission (CSERC) is drafting the Intra-State Deviation Settlement Mechanism and Related Matters Regulations, 2025. The regulation aims to ensure grid stability and security by mandating users to adhere to scheduled electricity drawl and injection.

Indoor Current Transformer to Dominate the Market Share

Indoor current transformers are experiencing a high adoption rate during the forecast period, which makes this segment dominate the market. The indoor transformers have compact designs and enhanced safety features, enabling seamless integration into existing electrical setups. Indoor installations offer advantages such as controlled environments, which reduce the risk of weather-related damage, ensuring reliable performance and longevity. This drives the demand for indoor current transformers in the market. In addition, the rising prevalence of electrical systems installed within commercial and industrial facilities contributes to the increasing demand for indoor current transformers. Furthermore, the indoor segment of the market is expected to experience significant growth due to the increasing demand for smart home automation systems, which require accurate and reliable power measurement devices, thereby driving market growth in the coming years.

West and Central Regions Dominate the India Market

West and central regions have dominated the current transformer market and is expected to continue during the forecast period. The demand for current transformers is on the rise due to numerous factors such as industrialization, infrastructure development, and government initiatives in the region. The region has numerous industries such as automotive, electronics, chemicals, textiles and many more, in which precise current measurement is critical for operational efficiency and safety thereby driving the demand for power measuring equipment in the market.

The West and Central regions include several manufacturing and industrial companies that are adopting automation for various operations, which drives the demand for current transformers in the region. The presence of major industrial clusters and manufacturing facilities drives the demand for current transformers to effectively monitor electrical parameters. Furthermore, the government's continued focus on infrastructure development, coupled with investments in smart grid technologies and renewable energy integration, will fuel demand for advanced transformers across the utility, industrial, and commercial segments.

For instance, in January 2025, Maharashtra government decided to boost its industrial and economic landscape by signing 54 Memorandums of Understanding (MoUs) amounting to around USD 181 billion during the World Economic Forum (WEF) in Davos. This development will increase the demand for current transformers in the industrial sector in the coming years.

Future Market Scenario (FY2025 - FY2032F)

Government policies aimed at promoting infrastructure development and electrification are set to boost the demand for current transformers in the country.

The push towards smart grid technologies is another significant trend that drives the demand for the current transformers market.

Integration of automation industrial applications creates the opportunity for current transformers market growth in coming years.

Government goals regarding energy efficiency and sustainability energy policies contributing to the rise in demand for current transformers in the forecast period.

Integration of digital technologies in current transformer is an emerging trend for enhanced accuracy and communication which drives the market demand.

Key Players Landscape and Outlook

Continuous innovation characterizes the landscape of current transformers, as the companies compete in terms of energy efficiency, product life, and unique features. The market outlook remains positive, owing to increased demand for the integration of renewable energy and automation in the industrial sector. Product launches, agreements, business expansions, collaborations, and developing technologies are projected to increase competition in the fast-paced market.

For instance, in November 2024, Siemens India Ltd, approved an additional investment of USD 11 Million at the Kalwa plant, to enable the expansion of the product range to include large reactors and transformers. The capacity expansion is aimed to cater to the global trend for energy transition and electrification, which has resulted in an increasing demand for grid technology products. This development will help the company to increase its production capacity and revenue in the coming years.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Respondent Demographics
• 4.2. Factors Considered in Purchase Decisions
  • 4.2.1. Features and Other Value-Added Service
  • 4.2.2. Accuracy and Performance
  • 4.2.3. Economical Factors
  • 4.2.4. After-Sales Support
  • 4.2.5. Voltage and Current Ratings

5. India Current Transformers Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Product Type
    • 5.2.1.1. Indoor Current Transformer
      • 5.2.1.1.1. Wound Current Transformer
      • 5.2.1.1.2. Toroidal Current Transformer
      • 5.2.1.1.3. Bar-Type Current Transformer
    • 5.2.1.2. Outdoor Current Transformer
      • 5.2.1.2.1. Gas-Insulated
      • 5.2.1.2.2. Oil-Filled
    • 5.2.1.3. Others
  • 5.2.2. By Application
    • 5.2.2.1. Metering
    • 5.2.2.2. Protection
    • 5.2.2.3. Others
  • 5.2.3. By End-user
    • 5.2.3.1. Utility
    • 5.2.3.2. Industrial
    • 5.2.3.3. Commercial and Residential
  • 5.2.4. By Region
    • 5.2.4.1. North
    • 5.2.4.2. South
    • 5.2.4.3. East
    • 5.2.4.4. West and Central
  • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Product Type
  • 5.3.2. By Application
  • 5.3.3. By End-user
  • 5.3.4. By Region

All segments will be provided for all regions covered

6. Porter's Five Forces Analysis

7. PESTLE 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. Siemens India 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. Amrest Electricals Limited
  • 10.3.3. ABB India Limited
  • 10.3.4. GT Electronic India Private Limited
  • 10.3.5. Vandana Transformers
  • 10.3.6. ASHMOR Electricals (India) Private Limited
  • 10.3.7. RECO Transformers Private Limited
  • 10.3.8. Newtek Electricals Private Limited
  • 10.3.9. BEEMET Instruments Private Limited

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