Home > Arts > India Dry Type Transformer Market to surpass $250 Mn by 2024

India Dry Type Transformer Market to surpass $250 Mn by 2024

Added: (Mon Feb 26 2018)

Pressbox (Press Release) -

Favorable regulatory framework pertaining to establishment of sustainable transmission systems coupled with growing suburban population across the nation will foster the dry type transformer market share. The India Energy Security Scenarios and the Intended Nationally Determined Contribution (INDC) are key policies introduced by the government to strengthen the environmental and energy policy. India Dry Type Transformer Market size will exceed USD 250 million by 2024, as reported in the latest study by Global Market Insights, Inc.

Northern region dry type transformer market is set to reach over USD 70 million by 2024. Rising investments from public and private entities to nourish the existing and new electric infrastructure along with growing demand for electricity from off-grid areas will stimulate the industry growth. The IFC has planned to invest USD 5 billion by 2020 toward the expansion of sustainable and renewable energy network in India.

Request for a sample of this research report - https://www.gminsights.com/request-sample/detail/2402

Large scale integration of renewable energy technologies along with favorable government policies toward Foreign Direct Investments will propel the dry type transformer market size. The consistent demographic and economic escalation across the nation will further fuel the business outlook. The Government of India in 2015, introduced the Green Energy Corridor Project proposing an investment worth USD 1 billion toward the development of a self-sustained grid infrastructure for renewable energy transmission.

 Effective insulation capabilities, temperature bearing strength, and sustainable product applicability across distribution networks lay competitive grounds for Class H transformer deployment. Rapid technological enhancements in the product design and development have led to the introduction of advanced insulation technologies catering across a broader application prospect.

Browse key industry insights spread across 335 pages with 450 market data tables & 27 figures & charts from the report India Dry Type Transformer Market in detail along with the table of contents:


Increasing emphasis on the integration of wide-ranging frequency electric links along with the growing concerns for energy efficiency will stimulate the dry type transformer market growth. The rising demand for high voltage networks to sustain rising peak load demand will further complement the product penetration. Increasing investments by private and governmental organizations to electrify the remote areas will positively influence the business growth.

The vacuum pressure encapsulated transformer is set to witness strong growth on account of its effective transformation capabilities and long service life when compared with its competitive counterparts. These products include a series of dip processes aligned to the overall transformer construction that provide better protection from wet and harsh environments.

Request for Enquiry of this report @ https://www.gminsights.com/inquiry-before-buying/2402

The rapid expansion of high-tension electrical networks to cater to the rising electricity demand across isolated load centers will stimulate the demand for outdoor transformers. The ongoing expansion of inter-regional electric networks coupled with the revamping and restructuring of the existing grid infrastructure across suburban areas will further escalate the dry type transformer market.

Eminent players across the dry type transformer market include ABB, Schneider Electric, Siemens, GE, Kirloskar, GE, Toshiba, Eaton, WEG, Prima, Vijay Power & Control Systems, BHEL, CG and Voltamp.

Browse Related Reports:

Dry type Transformer Market Size By Core (Closed, Shell, Berry), By Technology (Self-air, Air-blast), By Insulation (Class R, Class H, Class F, Class B, Class A), By Product (Open Wound, Cast Resin, Vacuum Pressure Impregnated, Vacuum Pressure Encapsulated), By Phase (Single, Three), By Installation (Outdoor, Indoor), By Winding (Two-winding, Auto-transformer), By Rating (< 5 MVA, 5 MVA to 30 MVA, > 30 MVA), By Mounting (Pad, Pole, PC/PCB), By Application (Industries, Inner-city Substations, Indoor/Underground Substations, Renewable Generation), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2017 – 2024


About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Connect with us: Facebook | Google+ | LinkedIn | Twitter

Submitted by:Rahul
Disclaimer: Pressbox disclaims any inaccuracies in the content contained in these releases. If you would like a release removed please send an email to remove@pressbox.co.uk together with the url of the release.