India Transformer Market India stands as one of the world’s largest transformer markets, underpinned by massive electrification efforts, distribution network expansion, and the integration of over 100 GW of renewable capacity. With the government’s push toward “Make in India,” domestic players like Bharat Heavy Electricals Limited (BHEL), Jyoti Transformers, and Crompton Greaves have ramped up production of power and distribution transformers, catering to voltage levels from 11 kV to 765 kV. Exports to neighboring South Asian and African countries have become a significant revenue stream.
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