According to market research firm Research and Markets report, by 2022, the Indian transmission and distribution transformer market is expected to reach 2.9 billion US dollars.
At present, the Indian government is taking important measures to consolidate the transmission and distribution network, and actively encourage financial support for power distribution enterprises.
In addition, the government plans to invest in the 2019 fiscal year investment of 1.46 trillion rupees for the transmission field, thereby consolidating the transmission network, thus bringing the transformer growth needs.
In 2016 the western region accounted for the country's largest share of the revenue.
However, a large investment in the transmission sector will focus on the southern region, followed by the northern and western regions.
In the area of distribution, the western region is expected to harvest the most investment, followed by the southern and northern regions.
The report pointed out that the driving force for the development of the Indian market includes a series of incentives for the government, the growth of overseas direct investment in the field of power, the replacement of transformers, and the growing areas of renewable energy.
Of course, the market is also subject to a number of factors, such as high product imports, and inadequate testing facilities.
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