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Based on core, the closed segment is expected to cross USD 1 billion by 2032 since they are known for their superior efficiency and performance. They offer better magnetic flux distribution, reducing energy losses and improving overall efficiency. This makes them ideal for applications where energy efficiency is critical, such as in urban infrastructure, commercial buildings, and industrial facilities. Closed core transformers are designed with safety in mind. They have lower risk of electrical faults and are less susceptible to environmental factors like dust and moisture, which can affect open core transformers. This reliability makes them suitable for critical applications, including hospitals, data centers, and other facilities where uninterrupted power supply is essential.
Based on technology, the air blast segment is anticipated to grow with CAGR more than 8.4% through 2032, owing to their utilization as forced air cooling, which significantly enhances heat dissipation compared to natural cooling methods. This improved cooling efficiency allows for better performance and reliability, especially in high-load and high-temperature environments. The ability to maintain optimal operating temperatures makes air blast transformers suitable for various demanding applications. The growing emphasis on safety and environmental sustainability in power distribution systems is driving the adoption of air blast transformers in India.