Description

The Indian economy is witnessing signs of restoration and so is the power sector. The transformer market which had more then doubled manufacturing capacity over the last five years anticipating huge domestic and overseas demand is suffering from overcapacity. However, a shift in the Government of India’s focus to strengthen the power T&D system opens up abundant opportunities for the transformer markets. The Indian transformers market has been in the forefront for over five decades and has a well-matured technology base up to the 800 kV class. With increasing demand for reliable power in the country, the power transformers market is witnessing a growth trend.