In 2023, the import of liquid dielectric transformers with a power handling capacity of less than 650 kVA to India stood at a notable level. Moving forward, the forecasted data for 2024 shows a value of 10.413 million USD, with an annual increase observed up to 11.73 million USD in 2028. Across these years, there is a consistent upward trend in imports, with expected growth rates reflecting a continual rise in demand.
The year-on-year increases from 2024 to 2028 reveal a stable growth trajectory, averaging a CAGR that underscores a steady market expansion. This points to enduring demand for these components within India’s infrastructure sectors.
Looking ahead, key trends to monitor include technological advancements in transformer efficiency, policy shifts impacting import duties, and increasing investments in renewable energy sectors, which may drive higher imports.
