India’s Rise in the Global Transformer Market
The manufacturing sector in India has been witnessing exponential growth in recent years. Various industries such as electronics, automobiles, aerospace, and medical devices play a significant role in industrial diversification and the country’s economic growth. Back in the days only a few countries like China, Germany, and the United States dominated the transformer manufacturing industry. India would rely on these nations for transformers and had a small export footprint in the global market. However, this over reliance on foreign players is significantly reduced and India is exporting transformers more than ever today. All thanks to government initiatives like "Make in India" and the rising domestic demand for power infrastructure, India has been able to increase its global market share and export value. Trust in India's Transformer Sector Grows Transformers enable safe and seamless transfer and distribution of power at appropriate voltage levels to residences and in...