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
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2018–
2022
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Estimated Year
|
2023
|
Forecast Period
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2024
– 2028
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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
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By Type
By Dielectric Medium
By Voltage
By Enclosure Type
By Cooling Type
By Phase
By Application
By End User
By Region
|
Regional scope
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South India, North
India, West India, East India
|
Key companies profiled
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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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Customization scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|