India Power & Distribution Transformer Market Forecast

India’s power and distribution transformer market is booming, driven by massive infrastructure projects, rural electrification, and renewable energy integration. Government initiatives like "Power for All" and the rapid expansion of solar and wind projects are major growth drivers. The increasing need for efficient transmission and distribution systems boosts demand for smart, energy-efficient transformers. Leading domestic and global manufacturers are investing in technology upgrades and localized production. Despite challenges like fluctuating raw material costs, the market remains promising due to strong policy support, urbanization, and industrial growth, positioning India as a key player in the global transformer industry.