コンバータ用トランスのインド市場の評価：電圧別、相タイプ別、エンドユーザー別、地域別、機会、予測（2018年度～2032年度）

インドのコンバータ用トランスの市場規模は、2024年度の1億2,347万米ドルから2032年度の2億2,517万米ドルに達すると予測され、2025年度～2032年度の予測期間にCAGRで7.80%の成長が見込まれます。市場は、同国の急速なエネルギー転換と電力インフラの近代化への注力により、近年大きな成長を示しており、今後数年間も力強い拡大ペースを維持すると予測されます。同国は再生可能エネルギー目標の送電のビジョンを策定し、エネルギー生成能力を高めており、これが市場におけるコンバータ用トランスへのニーズを高めています。コンバータ用トランスは高圧直流送電（HVDC）システムにおいて非常に重要な役割を担っており、長距離の再生可能エネルギーの効率的な送電と統合や、安定した送電網に重要な役割を果たします。また、国内の公益事業者はHVDCシステムやプロジェクトへの投資を求めており、これがコンバータ用トランスの市場規模に影響を与えています。

例えば2025年2月、Power Grid Corporation of India Ltd（PGCIL）は、2026年度第1四半期にラダックのメガHVDC計画を受注する予定です。PGCILは、RTM（Regulated Tariff Mechanism）方式でプロジェクトを開発しています。このような開発は、企業がHVDCシステムの開発に投資していることを明示し、市場におけるコンバータ用トランスの需要を促進しています。

さらに、送電網を近代的なものに改良し、送電網の安定性を高めようとする国の試みが、スムーズな電力変換と処理に用いるコンバータ用トランスの需要に拍車をかけています。Green Energy Corridor ProjectやNational Smart Grid Missionといったインド政府が開始した政策が、HVDCインフラへの投資をさらに加速させています。また、他国との国境を越えた送電の開発が進んでいることも、HVDCシステムの採用につながり、市場におけるコンバータ用トランスの需要を増加させています。

当レポートでは、インドのコンバータ用トランス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
  • ソリューションの効率
  • 容量
  • 価格
  • アフターサポート

第5章 インドのコンバータ用トランス市場の見通し（2018年度～2032年度）

• 市場規模の分析と予測
  • 金額
  • 数量
• 市場シェアの分析と予測
  • 電圧別
  • 相タイプ別
  • エンドユーザー別
  • 地域別
  • 市場シェア分析（上位5社とその他、金額）（2024年度）
• 市場マップ分析（2024年度）
  • 電圧別
  • 相タイプ別
  • 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
  • ABB India Limited
  • Bharat Heavy Electricals Limited (BHEL)
  • Kirloskar Electric Company Limited
  • Brilltech Engineers Private Limited
  • Quality Power Electrical Equipments Limited
  • Kanyaka Parameshwari Engineering Private Limited
  • Transformers and Rectifiers (India) Limited

第11章 戦略的提言

第12章 調査会社について・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 Converter Transformers Market, By Value, In USD Million, FY2018-FY2032F
• Figure 2. India Converter Transformers Market, By Volume, In Thousand Units, FY2018-FY2032F
• Figure 3. India Converter Transformers Market Share (%), By Voltage, FY2018-FY2032F
• Figure 4. India Converter Transformers Market Share (%), By Phase Type, FY2018-FY2032F
• Figure 5. India Converter Transformers Market Share (%), By End-user, FY2018-FY2032F
• Figure 6. India Converter Transformers Market Share (%), By Region, FY2018-FY2032F
• Figure 7. By Voltage Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 8. By Phase Type Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 9. By End-user Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 10. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2024

India converter transformers market is projected to witness a CAGR of 7.80% during the forecast period FY2025- FY2032F, growing from USD 123.47 million in FY2024 to USD 225.17 million in FY2032. The converter transformers market has experienced significant growth in recent years due to the country's rapid energy transition and focus on modernizing its power infrastructure and is expected to maintain a strong pace of expansion in the coming years. The country is forming the vision of transmission of renewable energy goals and increasing the capability of energy generation which propels the need for converter transformers within the market. Converter transformers are emerging to be a very crucial part in high voltage direct current (HVDC) systems, which prove to be significant for effective transmission and integration of long-distance renewable power and stable grid. Secondly, Utility corporations in the country are seeking investment in HVDC systems and projects to boost which is impacting the converter transformer market size.

For instance, in February 2025, Power Grid Corporation of India Ltd (PGCIL) is expecting to receive the contracts for the mega HVDC scheme in Ladakh in the first quarter FY26. PGCIL is developing the project under the regulated tariff mechanism (RTM) mode. This development highlights that companies are doing investment in the development of HVDC systems which drives the demand for converter transformers in the market.

Furthermore, attempts of the country to upgrade the power grid to become modern and to increase the grid stability are fueling adoption the of demand converter transformers for smooth power conversion and handling. Policies initiated by the government of India like the Green Energy Corridor Project and National Smart Grid Mission are further fastening investments in HVDC infrastructure. Also, the increased development of cross-border transmission of power with other countries is responsible for adopting HVDC systems that result in increasing demand for converter transformers in the market.

Report Attribute Details

Base Year of the Analysis FY2024

Historical Period FY2018-FY2023

Forecast Period FY2025-FY2032

Projected Growth Rate CAGR of 7.80% between FY2025 and FY2032

Revenue Forecast in FY2032 USD 225.17 million

Rising investment in Grid Modernization and Transmission Sector Driving Market Size

India is prioritizing the upgrade of infrastructure to support energy production and transmission capacities. India is implementing HVDC technology to provide an uninterrupted supply of power for fuel demand for converter transformers. The country is also increasing investment and embracing innovative technologies for grid modernization and transmission to fill a large amount of energy loss during power transmission. Converter transformers are crucial in power transmission networks and are most used in the market to counter the problem of energy losses thereby, stimulating converter transformer demand in the Indian market. Converter transformers facilitate effective long-distance power transmission, decrease energy losses, and make the grid more stable by controlling power flow better which stimulates its demand in the market. The country is looking to expand the transmission lines for proper transmission of power to end-users, which drives the demand for converter transformers in the market.

For instance, in February 2025, as per TnD India, the country is expected to add 15,432 km of transmission lines and 32,250 MW of transfer capacity through HVDC schemes during the five-year period from FY28 to FY32. This development highlights the rising investment in the transmission sector which drives the demand for converter transformers in the market.

Converter transformers allow the incorporation of these renewable sources into the grid through the conversion of AC power to DC for transmission and, once again, back to AC for distribution to ensure a reliable and stable power supply. Increased demand for electricity and the incorporation of renewable energy into the currently established grid spur the market demand for converter transformers. In addition, the power utility industry is implementing advanced and reliable grid systems which are adding to the growth in the demand for converter transformers.

Government Investment in Rural Electrification Initiatives Creates Market Opportunity

The Indian government is prioritizing reliable electricity supply in rural areas by investing in grid expansion, modernization, and renewable energy integration in the rural grid networks which creates opportunities for converter transformers in the coming years. The government participates in investments which include significant upgrades to power transmission networks and the construction of new substations in rural areas which contribute to rising demand for converter transformers market growth in forecast period. In addition, converter transformers are used to integrate decentralized renewable energy sources into the grid, ensuring efficient power distribution at required voltage levels. Furthermore, the rural electrification schemes such as Saubhagya Scheme and Rajiv Gandhi Grameen Vidyutikaran Yojna (RGGVY) by the Indian government have enhanced the rural electricity network that will straight away fuel demand for converter transformers in the country.

For instance, the government has taken initiatives for the electrification of the rural areas in the country by launching schemes like the Revamped Distribution Sector Scheme, Integrated Power Development Scheme (IPDS), National Electricity Fund (NEF), and Green Energy Corridors Program which aimed at improving electrification and modernized transmission infrastructure thereby driving the demand for converter transformers in the country.

For instance, in February 2022, the Government of India approved a new project amounting to USD 4.12 Billion under the Integrated Power Development Program (IPDP). The program is set up to strengthen sub-transmission and distribution networks in urban areas of the country. This development highlights the government's initiative to drive the demand for converter transformers in the country.

High Voltage to Dominate the India Market

The high voltage segment is in great demand in the India converter transformers market due to increased investment in high-voltage transmission projects. The emphasis on high-voltage direct current (HVDC) projects for effective long-distance power transmission also increases the demand for converter transformers. The nation is planning to integrate renewable energy into the grid which requires the use of sophisticated high-voltage transformers to manage variable power loads effectively. Moreover, government policies for grid modernization and development of transmission and distribution networks in the nation thus leading to the increased demand for high-voltage converter transformers in the market.

South Region is Expected to be the Fastest Growing Market

The south region is expected to be the fastest growing region among others. The region is concerned about urban development and smart cities, which place the region as the primary market in the next few years. The area encompasses states such as Tamil Nadu, Karnataka, Telangana, and Andhra Pradesh which are leaders in the development of power infrastructure will requires the addition of converter transformers to cater to growing electricity usage from residential, commercial, and industrial sectors. The area has enormous investments in integrating renewable energy which also supports the need for converter transformers.

Additionally, government initiatives aimed at enhancing electricity access and modernizing power infrastructure have resulted in a robust demand for converter transformers to ensure reliable power supply.

For instance, in June 2024, State Minister for Finance and Human Resources Management and Energy, Thangam decided to purchase 2,500 new and additional distribution transformers with capacities of 25 KVA to 250 KVA with a cost of USD 24 million. This development highlights the rising demand for converter transformers in the region.

Future Market Scenario (FY2025 - FY2032F)

The push towards the adoption of technologies is another significant trend which drives the demand for the converter transformers market.

Government policies aimed at promoting renewable power infrastructure development are set to boost the demand for converter transformers in the country.

Integration of renewable energy sources in large-scale grids creates the opportunity for converter transformers market growth in coming years.

Converter transformers align with government goals regarding energy efficiency and sustainability energy policies which drive its market in the forecast period.

Key Players Landscape and Outlook

Companies are adopting several strategies and focusing on partnerships, mergers and acquisitions, and product innovations to expand product portfolios and increase market shares in the converter transformers industry. Additionally, companies are establishing new service delivery centers and optimizing service processes to improve customer satisfaction and retention rates. The market outlook remains positive, owing to increased demand for the integration of renewable energy and rising investment in the power distribution sector.

For instance, in November 2024, Siemens India Limited 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. Efficiency of Solutions
  • 4.2.3. Capacity
  • 4.2.4. Price
  • 4.2.5. After-Sales Support

5. India Converter Transformers Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Voltage
    • 5.2.1.1. Low
    • 5.2.1.2. Medium
    • 5.2.1.3. High
  • 5.2.2. By Phase Type
    • 5.2.2.1. Single Phase
    • 5.2.2.2. Three Phase
  • 5.2.3. By End-user
    • 5.2.3.1. Utility
    • 5.2.3.2. Industrial
    • 5.2.3.3. Commercial
  • 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 Voltage
  • 5.3.2. By Phase Type
  • 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. ABB India Limited
  • 10.3.3. Bharat Heavy Electricals Limited (BHEL)
  • 10.3.4. Kirloskar Electric Company Limited
  • 10.3.5. Brilltech Engineers Private Limited
  • 10.3.6. Quality Power Electrical Equipments Limited
  • 10.3.7. Kanyaka Parameshwari Engineering Private Limited
  • 10.3.8. Transformers and Rectifiers (India) 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