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市场调查报告书
商品编码
1655619
印度的绝缘变压器市场评估:绝缘各类型,各阶段类型,各终端用户,各地区,机会及预测:2018~2032年India Isolation Transformer Market Assessment, By Isolation Type, By Phase Type, By End-user By Region, Opportunities and Forecast, FY2018-FY2032F |
印度隔离变压器市场预计将从 2024 财年的 1.6169 亿美元成长到 2032 财年的 2.4256 亿美元,在 2025-2032 年预测期内的复合年增长率为 5.20%。近年来,由于各行业对各种安全设备的需求不断变化以及能源消耗的增加,市场经历了显着增长,预计未来几年将保持强劲的扩张速度。此外,城市化进程的加快推动了对可靠电力解决方案的需求,从而增加了市场对隔离变压器的需求。此外,增加对强大电气系统的投资需要安装隔离变压器,以确保稳定的电源供应,同时保护敏感设备免受电气干扰。
该国正在投资升级其电网系统以整合再生能源,这需要先进的保护技术来确保电力传输的安全性和可靠性,从而推动市场对隔离变压器的需求。再生能源融入电网也需要可靠的隔离解决方案来管理波动并维持电能品质。
例如,2024年10月,电力部宣布了2032年扩大印度再生能源传输基础设施和能源电网容量的目标。政府正在考虑投资约 1,090 亿美元,建设高达 500GW 的再生能源发电能力。这一发展可能会增加公用事业领域对隔离变压器的需求,以保护该国可再生能源的传输和分配。
此外,随着国家工业化程度的提高,对高效能电源管理设备的需求也随之增加,从而促使市场对隔离变压器的需求不断增加。工业部门优先遵守严格的安全法规并寻求尽量减少营运风险,这为工业市场的隔离变压器创造了市场机会。此外,该国的医疗保健产业倾向于实施安全解决方案,以保护医疗设备免受电气噪音的影响并防止触电,从而在市场上对隔离变压器产生了巨大的需求。
全部的市场区隔,对象地区全部被提供。
上述公司不依市场占有率排序,并且可能会根据研究工作期间获得的资讯进行更改。
India isolation transformer market is projected to witness a CAGR of 5.20% during the forecast period FY2025- FY2032F, growing from USD 161.69 million in FY2024 to USD 242.56 million in FY2032. The market has experienced significant growth in recent years due to the evolving needs for various safety devices across different sectors and rising energy consumption, and this growth is expected to maintain a strong pace of expansion in the coming years. Furthermore, the rising urbanization drives the need for dependable power solutions, creating the demand for isolation transformers in the market. Furthermore, the rising investment in robust electrical systems necessitates the installation of isolation transformers to ensure stable power delivery while protecting sensitive equipment from electrical disturbances.
The country is investing in upgrading power grid systems to integrate renewable energy sources which requires advanced protection technologies to ensure the safety and reliability of power flow which drives the demand for isolation transformers in the market. The integration of renewable energy sources into the power grid also requires reliable isolation solutions to manage fluctuations and maintain power quality.
For instance, in October 2024, the power ministry announced the goal to expand India's renewable transmission infrastructure and energy grid capacity by 2032. The government is looking to invest around USD 109 billion to build the capacity for up to 500 GWs of renewable power. This development will increase the demand for isolation transformers in the utility sector for safeguarding the transmission and distribution of renewable energy in the country.
Moreover, the rise in industrialization in the country leads to the need for efficient power management devices which contribute to the rising demand for isolation transformers in the market. The industrial sector is prioritizing compliance with stringent safety regulations and seeking to minimize operational risks which creates the market opportunity for isolation transformers in the market. In addition, the healthcare sector in the country is inclined towards the adoption of safety solutions to safeguard medical devices from electrical noise and prevent electric shocks which creates the substantial demand for isolation transformers in the market.
Rising Adoption of Protecting Sensitive Equipment in Healthcare Sector Drive Market Demand
The increase emphasizes safety, reliability, and efficiency in the healthcare sector driving the demand for isolation transformers in the market. Isolation transformers are becoming popular in the healthcare sector as devices are capable of enhancing safety and reducing electrical noise for sensitive medical devices. Advanced medical devices are becoming more popular, which is leading to a greater demand for high-quality isolation transformers. The improving technological advancements in MRI machines, CT scanners, and surgical equipment require steady and clean power thus contributes to an increasing demand in the market for efficient isolation transformers. In addition, as hospitals strive to ensure patient safety and equipment reliability drive the demand for isolation transformers in the market. Furthermore, the construction of new healthcare research and development facilities contributes to the demand for isolation transformers in the country.
For instance, in January 2025, the Indian president inaugurated state-of-the-art facilities and cutting-edge medical equipment at the National Institute of Mental Health and Neurosciences (NIMHANS). The government is underscoring the importance of mental health and neuroscience in India's healthcare agenda. This development highlights that the construction of research and development centers for medical equipment drives the demand for efficient isolation transformers in the market.
Additionally, the healthcare industry has stringent regulations related to the reliability and safety of medical devices and electrical safety. Isolation transformers are manufactured with international safety standards in design and materials, driving their demand in the market. The regulatory push forces hospitals and clinics to invest in isolation transformers to meet compliance requirements and enhance operational safety, which drives the demand for isolation transformers in the market. The manufacturers of isolation transformers are investing in research to create efficient transformers with improved safety features, and thus, the demand for isolation transformers in the healthcare sector is likely to grow in the coming years.
Supportive Government Policies Creates Market Opportunity
The Indian government is promoting electrification and modernization of power grids through various incentive plans. The upcoming plans focus on enhancing energy efficiency and safety of electrical devices which drive the demand for efficient isolation transformers in the market. Moreover, the government is looking to commence new policies that are going to support the upliftment of safety technologies and create a favourable environment for the adoption of advanced isolation transformers in the country. The policies will encourage investments in reliable electric safety devices and systems which are going to boost the market size of isolation transformers in coming years.
Governments are implementing significant investments in new energy infrastructure with the integration of renewable energy sources into the power grids. The initiatives often prioritize the modernization of the power grids, which would require new electrical safety devices, thereby increasing demand for isolation transformers in the market. Moreover, the government is promoting the domestic manufacturing of electric safety components, including isolation transformers, which could bring economies of scale to manufacturers, hence boosting the production of efficient isolation transformers in the market.
For instance, the Indian government decided to launch the 'Make in India' initiative and Production Linked Incentive (PLI) schemes, which boosted local manufacturing. The policies emphasize local manufacturing processes, reduce import dependency, and stimulate economic growth. This development highlights that the government is helping to boost local manufacturing in the country, which will drive the growth of the isolation transformers market in the coming years.
Three-Phase Isolation Transformers to Dominate the Market Share
The three-phase type isolation transformers dominate the market. Three-phase isolation transformers provide essential electrical isolation to the grids, which helps protect sensitive equipment from electrical disturbances and ensures stable power flow for different operations. The country is heavily investing in renewable energy projects to achieve its ambitious targets for clean energy generation. The isolation transformers facilitate integration effectively by managing voltage levels and preventing electrical noise from affecting sensitive equipment connected to renewable energy systems. The integration of renewable sources in the grids is driving the demand for isolation transformers in the market. Furthermore, government initiatives aimed at improving power infrastructure, such as the Integrated Power Development Scheme (IPDS), are fostering investments in electrical equipment, driving the demand for three-phase isolation transformers in the market.
West and Central Region is Expected to be the Fastest Growing Region
The western and central regions are expected to be the fastest-growing regions in the isolation transformer market and will continue during the forecast period. The demand for isolating transformers is rising due to numerous factors, such as industrialization, infrastructure development, and inclination towards adopting electric safety devices. The region has numerous manufacturing units, IT parks, and industrial corridors, driving the demand for electric protection devices to efficiently manage automation and power distribution. Moreover, the growing emphasis on safety devices in industrial sectors for managing reliable power flow drives the demand for isolating transformers in the market. The governments of different states in the west and central regions are focusing on renewable energy integration, which further propels the demand for isolating the transformer market in the region.
For instance, Gujarat boasts a strong transformer manufacturing ecosystem, supported by readily available raw materials and a network of suppliers. The state is home to numerous transformer companies, contributing significantly to its industrial sector. Gujarat's government agencies, including Gujarat Energy Development Agency (GEDA) and Gujarat Urja Vikas Nigam Limited (GUVNL), may offer support to the transformer manufacturing sector through initiatives, policies, incentives, and regulatory frameworks. Gujarat's robust infrastructure, business-friendly environment, and strategic location make it an attractive investment destination for transformer manufacturing.
Future Market Scenario (FY2025 - FY2032F)
The push towards integration of renewable energy in grids is another significant trend that drives the demand for the isolation transformer market.
Government policies aimed at promoting the adoption of safety equipment in the industrial sector which boost the demand for isolation transformers in the country.
A global surge in energy demand necessitates reliable power quality for sensitive electronic equipment, driving the demand for isolation transformers in the market.
Isolation transformers align with government goals regarding energy efficiency and sustainability energy policies, which will drive the market in the forecast period.
Key Players Landscape and Outlook
Continuous innovation characterizes the landscape of isolation transformers, as the companies compete in terms of energy efficiency, product life, and unique features. The market outlook remains positive, owing to increased demand for the integration of renewable energy and automation in the industrial sector. Product launches, agreements, business expansions, collaborations, and developing technologies are projected to increase competition in the fast-paced market.
For instance, in October 2024, Hitachi Energy Ltd. decided to invest around USD 250 million in expanding capacity and portfolio to support the accelerating global demand for clean energy solutions. This development highlights that the rising investment will increase the production capacity and revenue in the coming years.
All segments will be provided for all regions covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.