The forecast for the import of liquid dielectric transformers with a power handling capacity of 650-10,000 KVA into India shows a gradual increase from $18.119 million in 2024 to $19.428 million by 2028. This represents a steady compound annual growth rate (CAGR) over the period. The imports are expected to rise by approximately 1.86% in 2025, 1.79% in 2026, 1.73% in 2027, and 1.66% in 2028. In 2023, the import value stood below the projected figures for 2024, indicating a growth trend driven by increasing demand and infrastructure developments.
Future trends to watch for include:
- Technological advancements enhancing transformer efficiency.
- Government policies impacting energy infrastructure investments.
- Changes in global supply chains affecting import costs and timelines.
- Growing emphasis on renewable energy integration influencing transformer demand.
