The India dry type transformer market size was valued at USD 773.78 Million in 2025. The industry is expected to grow at a CAGR of 6.80% during the forecast period of 2026-2035 to reach a valuation of USD 1493.93 Million by 2035.
Rapid industrial growth in India is increasing demand for reliable and efficient power distribution systems, directly boosting the India dry type transformer market, especially in manufacturing and heavy industries requiring safe and low-maintenance electrical equipment. They are favored in industrial settings due to their superior thermal management, minimal fire hazards, and ability to operate safely in confined spaces without oil leakage risks. According to industry reports, India's industrial production surged to 3.8% in December 2023. The pickup was largely driven by faster growth in manufacturing production. Dry type transformers are gaining traction in battery energy storage systems (BESS) due to their compact design, ability to withstand high thermal loads, and reduced fire risk, essential for the safety and reliability of energy storage infrastructure. Their ability to manage thermal loads and ensure reliable power distribution is driving their adoption in energy storage applications.
The India dry type transformer market is driven by their environmental benefits, such as the absence of oil, which reduces the risk of soil and water contamination. Their low maintenance and long service life also contribute to their sustainability. The rising investments aimed at boosting the production capacities and meeting the surging demand for advanced power solutions in transportation, utilities, and heavy industries is also driving the India dry type transformer market. In October 2024, Hitachi Energy invested Rs 2,000 crore in India for the next five years for ramping up its transformer production. This investment helped in expanding the manufacturing capacities for power, dry, and traction types of transformers.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
6.8%
Value in USD Million
2026-2035
*this image is indicative*
| India Dry Type Transformer Market Report Summary |
Description |
Value |
|
Base Year |
USD Million |
2025 |
|
Historical Period |
USD Million |
2019-2025 |
|
Forecast Period |
USD Million |
2026-2035 |
|
Market Size 2025 |
USD Million |
773.78 |
|
Market Size 2035 |
USD Million |
1493.93 |
|
CAGR 2019-2025 |
Percentage |
XX% |
|
CAGR 2026-2035 |
Percentage |
6.80% |
|
CAGR 2026-2035- Market by Region |
South India |
7.5% |
|
CAGR 2026-2035 - Market by Region |
East India |
7.2% |
|
CAGR 2026-2035 - Market by Voltage |
Medium Voltage |
7.6% |
|
CAGR 2026-2035 - Market by Phase |
Three Phase |
7.3% |
| 2025 Market Share by Region | West India |
27.7% |
The surge in the number of government schemes for enhancing rural electrification and integrating renewable energy into the grid is favouring the India dry type transformer market development. In November 2024, the Indian government disclosed plans of introducing a PLI (production-linked incentive) scheme for driving the production of transmission equipment. These initiatives are boosting the demand for dry-type transformers, which are preferred for their safety and efficiency in handling renewable energy sources.
The transition towards clean energy is necessitating the deployment of advanced transformer technologies to efficiently support high-capacity power flows typical of renewable sources, driving the India dry type transformer industry. In February 2024, India set an ambitious target of achieving 500 GW of renewable energy capacity by 2030. To that end, dry-type transformers are increasingly used in solar and wind energy projects due to their environmental compatibility and resilience under fluctuating loads.
Urbanisation is a major driver of the India dry type transformer market, as expanding cities demand compact, safe, and efficient power distribution. According to industry reports, over 40% of India’s population is expected to live in urban areas by 2030, fueling massive infrastructure development. Infrastructure projects like metro systems, smart cities, and high-rise buildings require transformers that are fire-safe, low-maintenance, and suitable for indoor use. Dry-type transformers meet these needs with oil-free, eco-friendly designs ideal for enclosed and public spaces. They have also emerged as a preferred choice in urban commercial, residential, and transport infrastructure across rapidly growing Indian cities.
Innovations in materials, design, and manufacturing processes for enhancing the performance, efficiency, and lifespan will increase the India dry type transformer market value. The integration of smart grid technology and the Internet of Things (IoT) is also enabling real-time monitoring and predictive maintenance, reducing downtime and operational costs. In February 2023, leading Indian transformer maker Telawne launched its IoT-based smart transformer designed for delivering best power quality helping utilities in reducing their maintenance costs.
Data center expansion is significantly driving the India dry type transformer market development due to the rising demand for safe, reliable, and efficient power solutions. According to industry reports, India’s total data centre capacity reached nearly 1,255 MW between January 2024 and September 2024. With the surge in cloud computing, digital services, and AI adoption, data centers require uninterrupted power and high load-handling capacity. Dry-type transformers are ideal for these environments as they offer fire safety, low maintenance, and compact, oil-free designs for indoor installation.
The EMR’s report titled “India Dry Type Transformer Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Breakup by Technology
Key Insight: The cast resin segment holds a significant share in the India dry type transformer market due to its excellent insulation, fire resistance, and low maintenance. These transformers use epoxy resin to encapsulate the windings, making them ideal for indoor applications such as hospitals, high-rise buildings, commercial complexes, and data centers. For instance, IT parks in Bengaluru and Hyderabad are installing cast resin transformers due to their safety and space efficiency. Increasing demand for reliable, clean energy infrastructure continues to support this segment's growth.
Breakup by Voltage
Key Insight: The medium voltage segment dominates the India dry type transformer market due to the increasing demand for power in industrial, commercial, and urban infrastructure projects. Key sectors such as manufacturing, data centers, and infrastructure development require these transformers for their operations. The ongoing initiatives by the Indian government to improve power distribution networks and integrate renewable energy also contribute to the dominance of this segment. In February 2022, projects totaling ₹308.02 billion were approved by the Central Government to strengthen the power distribution network in urban areas in India.
Breakup by Phase
Key Insight: The three-phase segment is dominant in the India dry type transformer market due to its widespread use in industrial and large commercial applications. These transformers are preferred for high-capacity power distribution, offering higher efficiency and reliability compared to single-phase transformers. Three-phase transformers are widely used in manufacturing plants, large offices, and data centers. The industrial sector, particularly in regions like Maharashtra and Gujarat, drives the demand for these transformers. According to industry reports, the industrial growth rate was estimated to surge to 7.6% in 2023-24.
Breakup by Region
Key Insight: South India has emerged as a dominant region in the India dry type transformer market. The region boasts industrial hubs, such as Bengaluru, Chennai, Hyderabad, and Coimbatore, fostering diverse sectors including IT, manufacturing, and automotive industries. This industrial growth necessitates reliable power distribution, propelling the demand for dry-type transformers. In February 2025, Hitachi Energy announced its transformer capability expansion in Mysore and Halol with a multimillion-dollar investment. Additionally, the region's significant potential for renewable energy generation, particularly solar and wind power, requires specialised transformers to handle fluctuations and efficiently distribute clean energy.
|
CAGR 2026-2035 - Market by |
Region |
| South India |
7.5% |
| East India |
7.2% |
| West India |
XX% |
| North India |
XX% |
Mission-Critical Settings to Drive Vacuum Pressure Impregnated Transformer Demand
According to the India dry type transformer market report, the vacuum pressure impregnated (VPI) segment caters primarily to industrial and outdoor applications requiring higher mechanical strength and resistance to thermal and electrical stress. VPI transformers are created by impregnating windings with varnish under vacuum and pressure, ensuring durability. They are commonly used in steel plants, chemical industries, and renewable energy installations. Their ability to withstand fluctuating loads and mechanical vibrations makes them preferred in mission-critical and industrial settings, driving consistent demand in India's expanding industrial landscape.
Low Voltage Transformers to Record High Usage in Power Generation
The low voltage segment of the India dry type transformer market caters to residential, small commercial, and light industrial applications. These transformers typically handle voltage levels below 1 kV and are widely used in urban residential areas, commercial complexes, and small industries. Their primary applications include power distribution for lighting, home appliances, and HVAC systems. Government initiatives like Smart Cities and the focus on rural electrification are also contributing to segment growth.
The demand for high voltage dry type transformers in India is driven by large-scale industrial and utility applications. These transformers are critical for the efficient transmission of electricity over long distances, minimizing energy loss. Key industries like power generation, heavy manufacturing, and renewable energy projects in states like Gujarat and Tamil Nadu rely on high voltage dry-type transformers to ensure safe and reliable power distribution. As per industry reports, Gujarat added 7,449MW of renewable energy capacity in 2024.
Government Investments to Boost Preference for Single-Phase Transformers
The single-phase segment in the India dry type transformer market is primarily driven by residential and small commercial applications. These transformers are commonly used for low-capacity power distribution in homes, small shops, and rural electrification projects. They are favored for their simplicity, cost-effectiveness, and ability to handle lower power requirements. The rising urbanisation and government initiatives are increasing the demand for single-phase transformers to electrify rural areas. In July 2024, the Indian Government supported States via the ongoing Scheme of Revamped Distribution Sector Scheme to electrify the left-out rural households.
Power Infrastructure Developments to Boost the West India Growth
West India dry type transformer industry expansion can be attributed to the significant transformations in its power infrastructure. The region's ongoing economic expansion continues to drive the demand for power, necessitating the adoption of advanced transformer technologies. In January 2025, NGEF produced and supplied 14 large high-performance transformers for the Dahod railway project in Gujarat. The Indian government's focus on achieving electricity access is accelerating capacity expansion efforts leading to increased investments in the transmission sector.
North India is experiencing significant investments in infrastructure development to meet the growing power demand. The government's initiatives to strengthen the power transmission and distribution network, such as the UDAY scheme, have led to increased investments in the sector. These efforts are complemented by the expansion of renewable energy projects, including solar and wind farms, which require efficient and reliable transformers for power distribution. The adoption of dry-type transformers in these projects ensures safety, reduces maintenance costs, and supports the integration of renewable energy into the grid.
Leading players in the India dry type transformer market are employing several key strategies to enhance their market position and drive growth. Product innovation is a crucial approach, with companies focusing on developing energy-efficient, compact, and environmentally friendly transformers to meet the growing demand for sustainable energy solutions. These innovations include advancements in materials, cooling technology, and insulation systems to improve performance and lifespan. Cost competitiveness is another strategy, with players offering cost-effective solutions while maintaining high quality. Additionally, players are focusing on strategic partnerships and collaborations with key stakeholders, including utilities, construction companies, and government organizations, to expand their market reach and gain access to large infrastructure projects. To cater to the growing demand in urban and industrial sectors, companies invest in expanding their distribution networks and establishing local manufacturing units, ensuring timely delivery and competitive pricing. Furthermore, they are focusing on after-sales services, providing maintenance, upgrades, and repairs to enhance customer satisfaction and build long-term relationships.
Founded in 1988, Raychem RPG Private Limited is headquartered in Mumbai, India and offers products and solutions in electrical, electronics, and energy sectors. The company provides cable accessories, power distribution equipment, and electrical components for industries such as power, construction, and transportation.
Established in 1946, Kirloskar Electric Company is headquartered in Bangalore, India. The company manufactures a wide range of electrical products, including motors, transformers, generators, and industrial automation equipment to serves power generation, utilities, infrastructure, and manufacturing sectors.
Hitachi Energy Ltd. was founded in 2020 and has its headquarters in Zurich, Switzerland. The company specializes in power and automation technologies, offering solutions in electrification, grid integration, and energy management and provides transformers, digital solutions, and electrical infrastructure.
Founded in 1836, Schneider Electric SE is headquartered in Rueil-Malmaison, France. The company offers energy management and automation solutions, including products for smart buildings, industrial automation, and renewable energy integration and focuses on sustainable and efficient energy use.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the India dry type transformer market are Atlas Transformers India Limited, A B C TRANSFORMERS (P) LTD, Bharat Heavy Electrical Limited, Gujarat Transformers Pvt Ltd. And others.
Unlock crucial insights and stay ahead with our comprehensive India dry type transformer market report 2026. Discover key market trends, growth drivers, and competitive strategies shaping the future of this industry. Download your free sample now to explore detailed forecasts and regional analysis tailored for actionable business planning. Stay informed with Expert Market Research!
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market reached an approximate value of USD 773.78 Million.
The market is projected to grow at a CAGR of 6.80% between 2026 and 2035.
The key players in the market report include Raychem RPG Private Limited., Kirloskar Electric Company, Hitachi Energy Ltd., Schneider Electric SE, Atlas Transformers India Limited, A B C TRANSFORMERS (P) LTD, Bharat Heavy Electrical Limited, Gujarat Transformers Pvt Ltd. And others.
The key strategies boosting the market include the growing government investments, rising renewable energy integration, and rapid urbansiation.
The three-phase segment is projected to witness a 7.3% CAGR during the forecast period.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Voltage |
|
| Breakup by Phase |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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