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

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

The Indian market for electrical transformers with liquid dielectric, of power handling capacity over X kVA was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, showed a relatively flat trend pattern. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 168% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Exports from India

After four years of growth, shipments abroad of electrical transformers with liquid dielectric, of power handling capacity over X kVA decreased by -48.6% to X units in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 23,959%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA fell to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 61% against the previous year. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from India, with a 60% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Bangladesh exceeded the volume sent to the second major destination, Nepal (X units), fourfold. The third position in this ranking was taken by Togo (X units), with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bangladesh totaled +80.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+94.8% per year) and Togo (-18.9% per year).

In value terms, Bangladesh ($X), Nepal ($X) and Nigeria ($X) appeared to be the largest markets for electrical transformers with liquid dielectric, of power handling capacity over X kVA exported from India worldwide, together accounting for 32% of total exports.

Among the main countries of destination, Nepal, with a CAGR of +70.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, growing by 67% against the previous year. In general, the export price, however, faced a sharp downturn. The pace of growth appeared the most rapid in 2015 an increase of 30,543% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Bangladesh ($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 Togo (+15.4%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Imports into India

In 2022, imports of electrical transformers with liquid dielectric, of power handling capacity over X kva into India shrank notably to X units, which is down by -49.6% compared with the year before. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 62,432% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA surged to $X in 2022. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 208%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Italy (X units) and Nepal (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA to India, with a combined 86% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +97.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Saudi Arabia ($X) appeared to be the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA suppliers to India, with a combined 90% share of total imports.

Italy, with a CAGR of +63.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, rising by 247% against the previous year. Over the period under review, the import price, however, saw a deep slump. The pace of growth was the most pronounced in 2017 an increase of 214,337% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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 Saudi Arabia ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+114.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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