The transformer market is mainly divided into two categories -power transformers and distribution transformers. The major market driver for power transformers is the government's push to add 175GW of renewable energy to the grid by 2022. In addition, the government's mandate to provide 24x7 reliable power to all, and thrust on infrastructure such as railway electrification, metro rail projects also imply growth for the transformer sector. Other influences include the increase in investment due to the 100% FDI in the power and renewable energy segment, investment in high power transmission corridors, and the green energy corridors of the integrated power development scheme, which will provide a boost to the sector.
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