India Instrument Transformers Market By Type (Current Transformers, Potential Transformers, Combined Instrument Transformers), By Dielectric Medium (Liquid Dielectric, SF6 Gas Dielectric, Solid Dielectric), By Voltage (Distribution Voltage, Sub-Transmission Voltage, High Voltage Transmission, Extra High Voltage Transmission, Ultra-High Voltage Transmission), By Enclosure Type (Indoor & Outdoor), B

Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Power | Format: Report available in PDF / Excel Format

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India Instrument Transformers Market By Type (Current Transformers, Potential Transformers, Combined Instrument Transformers), By Dielectric Medium (Liquid Dielectric, SF6 Gas Dielectric, Solid Dielectric), By Voltage (Distribution Voltage, Sub-Transmission Voltage, High Voltage Transmission, Extra High Voltage Transmission, Ultra-High Voltage Transmission), By Enclosure Type (Indoor & Outdoor), B

India Instrument Transformers Market

The main purpose of the

For measurement or protection systems, high voltages can be converted to low voltages, and large currents can be converted to small currents. Its main function is to proportionally convert high voltage or high current to standard low voltage (100V) or standard low current (5A or 1A, all relative to the nominal value) to standardize measuring devices. At the same time, transformers can be used to isolate high voltage systems for personal and equipment safety. An instrument transformer is a type of transformer that converts current and voltage using the principle of electromagnetic induction. To monitor, measure and protect the system, transformers proportionally transfer performance information from the primary circuit to the secondary circuit and make it found at to secondary devices such as meters and relay protection devices. With sufficient insulation strength between the primary and secondary windings of the transformer, the secondary equipment and personnel can be electrically isolated from the primary high voltage, and the secondary side of the transformer is grounded at one point to ensure the safety of equipment and personnel.

Expanding Grid Infrastructure is Fueling the Indian Instrument Transformers Market

As the Indian energy market faces increasing power demand, the power grid is becoming more susceptible to voltage fluctuations. Potential transformers ensure the stability, protection and economy of power grids. They convert or reduce high voltages and currents to maximize safety and ease of use. In order to be able to meet the increasing demand, stable operation of the power system is necessary. Power grid failures result in significant economic losses and catastrophic damage to electrical infrastructure. These situations can be avoided by using potential transformers that ensure safe and cost-effective automation of control systems. By combining a potential transformer with a general electrical measuring instrument, it is possible to measure a large amount of electricity with a potential transformer.. The Indian transformer industry is experiencing tremendous growth due to favorable regulatory measures to maintain grid stability and energy efficiency. For example, the National Electricity Policy (NEP, 2021) aims to ensure grid stability at any transmitting station or substation, including high voltage equipment such as potential transformers and switchgears. Moreover, growing interest in rural electrification coincides with the upgrading of existing power grids. This is because authorities are being asked to build efficient protection and surveillance mechanisms. Hence, increasing network complexity across the electrical infrastructure coupled with emerging peak power demands of end-users is driving the growth of the Indian instrument transformer market.

Latest Developments Driving the Market Growth

  • In April 2021, Grid Solutions by GE Renewable Energy and Hitachi ABB Power Grids signed a landmark agreement to use a replacement gas for sulfur hexafluoride (SF6), which is used in voltage transformers, switchgear and other high voltage equipment. This fluoronitrile-based gas mixture has significantly less environmental impact compared to SF6. As part of this landmark agreement, both companies agreed to share complementary intellectual property related to each of his SF6-free solutions. This shall help promote the use of eco-efficient fluoronitrile-based insulation and switching gases in high voltage equipment as an alternative to SF6.
  • In September 2020, Power Grid Corporation of India Limited, in collaboration with Bharat Heavy Electricals Limited (BHEL), has installed India's first developed 400kV power supply for India's Digital Substation at Powergrid's 400/220kV Bhiwadi Substation Operation. This joint R&D project was an important step toward the complete digitalization of the substation automation system and its domestic production.
  • As the Indian energy market faces increasing power demand, the power grid is becoming more susceptible to voltage fluctuations. Potential transformers ensure the stability, protection, and economy of power grids. They convert or reduce high voltages and currents to maximize safety and ease of use. In order to be able to meet the increasing demand, stable operation of the power system is necessary. Power grid failures result in significant economic losses and catastrophic damage to electrical infrastructure. These situations can be avoided by using potential transformers that ensure safe and cost-effective automation of control systems. By combining a potential transformer with a general electrical measuring instrument, it is possible to measure a large amount of electricity with a potential transformer. Measuring transducers for high loads in all climatic conditions. In developing countries such as India, the continued expansion of power transmission and distribution networks has increased the need to modernize legacy network infrastructure. The regional transformer industry is experiencing tremendous growth due to favorable regulatory measures to maintain grid stability and energy efficiency. For example, the National Electricity Policy (NEP, 2021) aims to ensure grid stability at any transmitting station or substation, including high voltage equipment such as potential transformers, switchgears.

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Market Segmentation

India Instrument Transformers market is segmented into type, dielectric medium, voltage,

Market player

Major market players in the

Attribute

Details

Base Year

2022

Historic Data

2018– 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Type

By Dielectric Medium

By Voltage

By Enclosure Type

By Cooling Type

By Phase

By Application

By End User

By Region

Regional scope

South India, North India, West India, East India  

Key companies profiled

ABB India Ltd., GE Power India Limited, Siemens Limited, Arteche Smartgrid India Private Limited, PFIFFNER Instrument Transformers Pvt. Ltd., Schneider Electric India Pvt. Ltd., Eaton Technologies Pvt. Ltd., Mitsubishi Electric India Pvt. Ltd., CG Power and Industrial Solutions Ltd, Bharat Heavy Electricals Limited

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