India’s Transformer Market Set to Exceed ₹40,000 Crore by FY26 on T&D and Renewable Energy Growth – EQ
In Short : India’s transformer market is expected to exceed ₹40,000 crore by FY26, supported by strong investments in transmission and distribution infrastructure, a report said. Rising electricity demand, renewable energy integration, and grid modernization are driving the growth. Manufacturers are scaling up production and adopting advanced technologies to meet efficiency standards and evolving power sector needs.
In Detail : India’s transformer market is poised for significant growth, with projections indicating it will cross ₹40,000 crore by FY26. This surge is being fueled by increased investments in the country’s transmission and distribution (T&D) infrastructure.
The expansion of T&D networks is essential to meet the rising electricity demand across urban and rural areas. Government initiatives to strengthen grid reliability are further accelerating the demand for transformers.
Integration of renewable energy sources like solar and wind into the national grid is also driving the need for modern, efficient transformers. These systems are crucial for handling variable power generation and ensuring stable supply.
Grid modernization projects, including smart grid development, are adding momentum to the market. Advanced transformers with enhanced efficiency and reduced energy losses are gaining preference among utilities and developers.
Manufacturers are responding to the growing demand by increasing production capacity. Many are investing in new facilities, upgrading technology, and enhancing quality control measures to meet evolving industry standards.
Adoption of automation, digital monitoring, and predictive maintenance in transformers is becoming more common, improving operational reliability and reducing downtime.
The government’s focus on achieving its renewable energy targets and electrification goals is expected to sustain market momentum over the next few years.
Additionally, private sector participation in the power sector is expanding, leading to greater competition and innovation in transformer design and manufacturing.
By FY26, the Indian transformer industry is likely to be a key enabler of the nation’s power infrastructure, supporting its clean energy transition and long-term economic growth.
