Ireland, Dublin: Research and Markets has announced the addition of the “India Power and Distribution Transformers Market Forecast and Opportunities, 2020” report to their offering.
According to the report, the power and distribution transformers market in India is projected to grow at a CAGR of over 10% by 2020.
Under the 12th five year plan (2012-2017), Indian government allocated $200 billion for strengthening the country's power generation, transmission and distribution sectors, reports Herald Online.
One of the major developments underway includes the country's shift from 765 kV to 1200 kV power transmission, which is fuelling the demand for EHV and UHV class power transformer installations throughout the country.
The companies mentioned in the report include ABB India Ltd., Alstom T&D Ltd., Bharat Bijlee, Siemens Ltd., Transformers & Rectifiers India Ltd., and more.
Source: Herald Online