APAC transformer demand rises as China and India upgrade grids

APAC transformer demand rises as China and India upgrade grids

Grid modernisation and rising electricity demand are driving orders across the region.

The Asia-Pacific (APAC) region is expected to lead global transformers market growth through 2030 as China and India ramp up investments in power grid infrastructure, according to GlobalData.

China's ongoing investment in ultra-high-voltage transmission lines and distribution networks continues to drive equipment demand.

Meanwhile, India is expanding its power infrastructure through new substations and network reinforcement projects to keep pace with growing peak electricity demand and renewable power additions.

The global transformers market is set for steady growth as utilities and network operators expand and modernise transmission and distribution systems.

Ongoing electrification, the integration of utility-scale solar and wind projects, the replacement of ageing grid infrastructure, and rising electricity demand from data centres and industrial facilities are driving equipment orders across power and distribution segments.

"Utilities are shifting from standard equipment replacement towards higher-capacity, digitally monitored tra...