Thursday 12 February 2015, Amsterdam
The new report recognizes the following companies as the key players in Transformer Market in India: ABB Ltd., Alstom SA, BHEL, Crompton Greaves Ltd, Siemens AG, EMCO Ltd, Bharat Bijlee Ltd, IMP Powers Ltd, Kirloskar Electric Company Ltd, Prolec GE International S de R.L de C.V, Transformers & Rectifiers (India) Ltd, Vijai Electricals Ltd, Voltamp Transformers Ltd.
Commenting on the report, an analyst from the reports team said: “There has been an increase in the power generation capacity in India over the last five years. In the 12th and 13th Five Year Plans, the government stated that it aims to generate 88.6 GW of power by 2017 and 100 GW by 2022. This increase in power generation capacity will result in increasing demand for transformers for power generation and distribution. This trend is expected to have a significant impact on the growth of the Transformer market in India.”
According to the report, one of the major drivers is the increasing production of electricity in India, which requires the use of power and distribution transformers to supply electricity from power plant generators to end-users. This increase in electricity production has led to increasing demand for transformers in India.
Further, the report states that one of the major challenges is the lack of adequate domestic testing facilities in India, so they have to be sent overseas for testing. This is a time-consuming process and increases the vendors' production costs. Lack of funds is the main reason why there are only a few testing facilities in India.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.