Transformer is a machine that transfers electrical energy from one electrical circuit to another without changing frequency by the principle of electromagnetic induction. Since its basic construction requires no moving parts so it is often called the static transformer and it is very rugged machine requiring the minimum amount of repair and maintenance.

The term is used to include all transformers of large sizes (250 kva and above) used in generating stations and substations for transforming the voltage at each end of a power transmission line. They may be single or three phase and voltage rating of 220/11kv or in high voltage range. They are kept in operation all the 24 hours a day. In such transformer iron loss occur for all the time where copper loss occur only when they are loaded.

Electric equipment industry contributes over 2% of GDP which is projected to increase to about 12% in last year. During the period, consumption of electrical equipment is estimated to increase from over USD 28 bn now to USD 363 bn, growing at a CAGR of about 30%. The electrical equipment and accessories industry, with its highly diversified content, may be broadly segmented into (i) generation equipment, (ii) transmission equipment, and (iii) distribution equipment. According to the Power Ministry, the power sector has tied up Rs. 2,240 bn worth of investments to build power plants with 70,000 MW capacity in the next three years. Thus, as an entrepreneur this project offers an exciting opportunity to you.

Few Indian Major Players are as under

·        Vijay Electricals

·        BHEL

·        EMCO

·        Indo Tech Transformers

·        Kirlosker Electric Co.

·        Kanohar Electricals

Market Outlook

The transformer market in India is estimated to be over Rs 12,000 crores where power transformers contribute 45 per cent of the total market and distribution transformers contribute 55 per cent. India’s transformer market is predominantly unorganised with many small participants catering to the smaller distribution transformer markets.

The India Power & Distribution Transformer market is forecast to reach $2.9 billion by 2022.

The power transformers market revenues in India are expected to grow at the CAGR of 14% till 2018. Under the 12th Five Year Plan (2012-17), the government plans to spend USD 200 Billion on developing and strengthening power infrastructure in India.

The Government of India has projected an investment of $22 billion in power transmission sector by fiscal year 2019 to strengthen the transmission network thus increasing the demand for power transformers.

The Global Transformers market is accounted for $13.7 billion in 2015 and is expected to reach $24.4 billion by 2022 growing at a CAGR of 8.6% from 2015 to 2022.

The distribution transformer market is segmented on the basis of power rating, mounting type, phase, and insulating type. In sub segment of insulation type segment, the major share was held with liquid immersed type transformer in 2015.  Due to rising usage in the commercial as well as purposes and modern infrastructure.

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