Forecast: Import of Transformers Electric Having a Power Handling Capacity less than 1 kVA to India

In 2023, the import volume of transformers electric with a power capacity of less than 1 kVA to India stood at an estimated 2.5 million kilograms. From 2024 onward, forecasted data indicates a steady year-on-year increase in import volume, reaching 3.046 million kilograms by 2028. The upward trend implies a compound annual growth rate (CAGR) of approximately 2.4% from 2024 to 2028, driven by increasing industrialization and electrification initiatives.

Future trends to monitor include:

• Technological advancements enhancing transformer efficiency.
• Government policies affecting import tariffs and renewable energy integration.
• The growing demand for energy infrastructure and rural electrification projects.