Power transformers market revenues in India to grow at a CAGR of 14% until 2018
India: Research and Markets has announced the addition to the 'India Power Transformers Market Forecast & Opportunities, 2018' report to their offering.
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India: Research and Markets has announced the addition to the ‘India Power Transformers Market Forecast & Opportunities, 2018’ report.
The demand for power sector equipment is rapidly growing in India because of social, economic and industrial development, writes Business Wire. Government’s attempt to attain 100% electrification across the country by 2017 is also going to add to the demand for power transformers. However, power deficit across the country is likely to continue during the next decade. Only 35 % towns in India have over 90 % households using electricity for lighting purpose.
According to ‘India Power Transformers Market Forecast & Opportunities, 2018’ the power transformers market revenues in India are expected to grow at the CAGR of 14% up to 2018. The government intends to develop and strengthen the power infrastructure under the 12th Five Year Plan (2012-17). Also, IEEMA (Indian Electrical and Electronics Manufacturers Association) is likely to further promote the domestic transformers industry in India in accordance with the government’s policy to limit the power transformer import from China and Korea.
Companies mentioned:
– Alstom T&D India Limited
– Bharat Bijlee Limited
– Bharat Heavy Electricals Limited (BHEL)
– Crompton Greaves Ltd. (CGL)
– IMP Powers Ltd.
– RTS Power Corporation Ltd.
– Siemens Limited
– Tarapur Transformers Ltd.
– Transformers and Rectifiers (India) Ltd.
– Voltamp Transformers Limited
To find out more, visit http://www.researchandmarkets.com/research/8tfr46/india_power
Source: Business Wire
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