The power factor

This article highlights the current trends, challenges and future outlook of transformer industry in India
Power for futureAccording to the Indian Electrical and Electronics Manufacturers’ Association (IEEMA), to achieve the targeted annual GDP growth rate of around 8-9 per cent, India needs to increase its electricity generation capacity by around five times by 2032, along with commensurate increase in the transmission and distribution network. It is also envisaged that there will be a rapid growth in metros, airports and other infrastructure projects.
“With the electricity sector being a sunrise sector across the entire developing world, there exists significant potential for India to tap the export markets. All this is expected to generate huge demand for electrical equipment manufactured in India,” IEEMA observes.
Today, India’s Rs 1.30 lakh crore electrical equipment industry has become matured enough to meet these challenges.
Growth transformerWith developing economy, India is on the brink of becoming an emerging power nation and for a reliable power supply whether for infrastructure systems, industry or households – transformers play a key role. Power transformer is an indispensable and all-important link in the power chain. Their availability and longevity have a major impact on grid reliability and profitability.
Power transformers are most important components in power networks and India’s cherished power sector ambitions depend squarely on the capability of the transformer industry. The Indian transformer industry has for long been traditional but is now seen maturing rapidly. The Indian power transformer industry is more than five decades old. Domestic manufacturers have developed capabilities to manufacture all types of equipment to meet the country’s demand for transformers up to 800 kV and going up to 1,200 kV.
In comparison to past few years, India’s power generation capacity has undoubtedly been rising. The industry enjoys a good status in terms of quality, price, and delivery in the domestic as well as overseas markets.
Growth scenarioGrowing urbanisation in developing country like India leads to increase in demand for power generation and transmission which is in turn driving the power transformers market.

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