In 2023, India's import of liquid dielectric transformers with a power capacity of 10,000 KVA and more stood at approximately 8.92 million kilograms. The forecast indicates a consistent growth in imports, increasing year-over-year by about 3.81% from 2024 to 2025, and by roughly 3.6% annually thereafter, reaching approximately 10.646 million kilograms by 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at 3.55%.

Future trends to watch for:

Technological advancements in transformer efficiency could influence import levels.
India's increasing focus on renewable energy might impact demand for high-capacity transformers.
Global supply chain dynamics and trade policies could affect the cost and volume of imports.