Best is waiting for transformers market

“CG is witnessing demand upswing and new opportunities in the market place,” says Biswaroop Ukil, Vice President – Direct Sales (India Region), CG
 The future of transformer industry is promising. India’s installed generating capacity is set increase from the present level of 228 GW to over 700 GW by 2030. In an interview with EPR, Biswaroop Ukil talks how CG is getting ready to meet the future demand.
Factors influencing transformer marketHistorically growth of transformer market has been driven by the generation, transmission and distribution segments. The last decade witnessed phenomenal growth in the transmission segment across the voltage class, i.e. EHV and UHV for evacuation of power from one end of the country to the other. This has driven the demand for power transformers. The present focus is on improvement of distribution network which is driving the demand of distribution transformers. On the whole, the transformer industry has witnessed a CAGR of 11 per cent for last 10 years. While the market for transformer remained stagnant for last couple of years, with clear policy framework in place, one expects this market to grow fast. The future of transformer industry looks pretty promising as the country’s installed generating capacity is set increase from the present level of 228 GW to over 700 GW by 2030. Addition in generating capacity, strengthening transmission lines for evacuation, creating a national grid interconnecting the five regions of the country through “Transmission Super Highways” and smart city initiative are expected to drive the demand for transformers in the Indian market.

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