India: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in India

The Indian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA declined to $X in 2022, with a decrease of -14.7% against the previous year. In general, consumption saw a perceptible setback. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in India

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA fell sharply to $X in 2022 estimated in export price. Overall, production, however, showed a prominent expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by 130%. As a result, production attained the peak level of $X, and then declined rapidly in the following year.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Exports from India

In 2022, after two years of growth, there was significant decline in overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by -8.8% to X units. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 3,585% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2021, and then reduced in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.2% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from India, accounting for a 54% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to the UK exceeded the volume sent to the second major destination, Spain (X units), ninefold. The third position in this ranking was taken by Nepal (X units), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +43.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+250.0% per year) and Nepal (+67.4% per year).

In value terms, the UK ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exports from India, comprising 48% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by Nepal, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+41.4% per year) and Nepal (+36.5% per year).

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, with an increase of 79% against the previous year. Overall, the export price, however, saw a sharp contraction. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (-18.3%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports into India

Imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA into India skyrocketed to X units in 2022, with an increase of 108% on the previous year. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 2,264% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. In general, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X units), China (X units) and Japan (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to India, with a combined 72% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +61.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to India, comprising 64% of total imports. The second position in the ranking was taken by China ($X), with a 23% share of total imports. It was followed by Turkey, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.8% per year) and Turkey (+56.8% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, surging by 74% against the previous year. Overall, the import price recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 an increase of 3,488% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+22.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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