India Instrument Transformer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The market is segmented by Type (Current Transformer, Potential Transformer, and Others), and End-User (Power Utilities, Industrial Sector, and Others)

India Instrument Transformer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

India Instrument Transformer Market Size

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India Instrument Transformer Market Overview
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 3.50 %
Market Concentration Low

Major Players

India Instrument Transformer Market Key Players

*Disclaimer: Major Players sorted in no particular order

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India Instrument Transformer Market Analysis

The India Instrument Transformer Market is expected to register a CAGR of greater than 3.5% during the forecast period.

  • Current transformer type is expected to witness significant growth during the forecast period, owing to its advantages like easy maintenance and installation, safe measurement, etc.
  • Integration of advanced technologies such as artificial intelligence (AI), and internet of things (IoT) along with the ongoing research and developements (R&D) are expected to create immense opportunities in the coming years.
  • Expanding grid infrastructure to propel the demand for instrument transformers are expected to drive the market in India during the forecast period.

India Instrument Transformer Industry Overview

The India instrument transformer market is fragmented. Some of the major players include Siemens Energy AG, General Electric Company, Schneider Electric SE, ABB Ltd, and Hitachi ABB Power Grids.

India Instrument Transformer Market Leaders

  1. Siemens Energy AG

  2. General Electric Company

  3. Schneider Electric SE

  4. Hitachi ABB Power Grids

  5. *Disclaimer: Major Players sorted in no particular order
Siemens Energy AG, General Electric Company, Schneider Electric SE, Hitachi ABB Power Grids
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India Instrument Transformer Market News

  • In April 2021, GE Renewable Energy's Grid Solutions and Hitachi ABB Power Grids Ltd. have signed a landmark agreement to use an alternative gas to sulfur hexafluoride (SF6) used in high voltage equipment like instrument transformer, switchgear, etc. This fluoronitrile-based gas mixture has a significantly reduced impact on the environment compared to SF6. Under this landmark agreement, both companies are expected to share complementary intellectual property related to their respective SF6-free solutions. This helps accelerate the use of fluoronitrile-based eco-efficient insulation and switching gas in high-voltage equipment as an alternative to SF6.
  • In September 2020, Power Grid Corporation of India Limited, in collaboration with Bharat Heavy Electricals Limited (BHEL), successfully commissioned India's first natively developed BHEL-make 400 kV optical current transformer and digital substation components at the 400/220 kV Bhiwadi substation of Powergrid. This collaborative research and development project was a major step towards complete digitization of the substation automation system and its indigenisation.

India Instrument Transformer Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Siza and Demand Forecast in USD million, till 2026
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis
  • 4.8 Assessment of COVID-19 Impact on the Industry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Current Transformer
    • 5.1.2 Potential Transformer
    • 5.1.3 Others
  • 5.2 End-User
    • 5.2.1 Power Utilities
    • 5.2.2 Industrial Sector
    • 5.2.3 Others

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Siemens Energy AG
    • 6.3.2 General Electric Company
    • 6.3.3 Schneider Electric SE
    • 6.3.4 Mitsubishi Electric Corporation
    • 6.3.5 Hitachi ABB Power Grids
    • 6.3.6 Crompton Greaves Limited
    • 6.3.7 Arteche Group
    • 6.3.8 PFIFFNER Instrument Transformers Ltd
    • 6.3.9 Vamet Industries Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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India Instrument Transformer Industry Segmentation

The India instrument transformer market report includes:

Type Current Transformer
Potential Transformer
Others
End-User Power Utilities
Industrial Sector
Others
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India Instrument Transformer Market Research FAQs

What is the current India Instrument Transformer Market size?

The India Instrument Transformer Market is projected to register a CAGR of greater than 3.5% during the forecast period (2025-2030)

Who are the key players in India Instrument Transformer Market?

Siemens Energy AG, General Electric Company, Schneider Electric SE and Hitachi ABB Power Grids are the major companies operating in the India Instrument Transformer Market.

What years does this India Instrument Transformer Market cover?

The report covers the India Instrument Transformer Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Instrument Transformer Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

India Instrument Transformer Industry Report

Statistics for the 2025 India Instrument Transformer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Instrument Transformer analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.