- The key vendors in the Transformer Market in India 2015-2019 are ABB Ltd., Alstom SA, Bharat Heavy Electricals Ltd. (BHEL), Crompton Greaves Ltd. and Siemens AG.
London, 20 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Transformer Market in India 2015-2019. One of the major trends in the market is the increased capacity in power generation. As per the 12th Five-year Plan and the 13th Five-year Plan, it is estimated that the power generation capacity will target the achievement of 88.6 GW and 100 GW of power, respectively. The Transformer market in India is expected to grow at a CAGR of 13.29 percent during the period 2014-2019.
“The transformer manufacturers in India are trying to compete globally in terms of product design and manufacturing processes,” says Faisal Ghaus, Vice President of TechNavio Research.
“This has led to local vendors continuously striving toward developing new and advanced transformers that can compete with those of the international vendors.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
