Article -> Article Details
| Title | India Power Transmission Equipment Market Growth, Size, and Trends Forecast by 2034 |
|---|---|
| Category | Business --> Energy and Environment |
| Meta Keywords | India Power Transmission Equipment Market |
| Owner | SAKSHI BAHANDARI |
| Description | |
| The India Power Transmission Equipment Market reached USD 12.4 Billion in 2025 and is projected to grow to USD 22.2 Billion by 2034, registering a CAGR of 6.53% during the forecast period 2026-2034. Market growth is driven by increased renewable energy integration, government initiatives such as green energy corridors, and grid modernization. Rising electricity demand, urbanization, and policies like "One Nation, One Grid" boost investments in smart grid technologies and infrastructure for improved efficiency and reliability. The report presents a thorough review featuring the India Power Transmission Equipment Market growth, share, trends, and research of the industry.
STUDY ASSUMPTION YEARS
INDIA POWER TRANSMISSION EQUIPMENT MARKET KEY TAKEAWAYS
Sample Request Link: https://www.imarcgroup.com/india-power-transmission-equipment-market/requestsample MARKET TRENDS The increasing integration of renewable energy sources such as solar and wind is a major driver for the India power transmission equipment market. India has achieved over 200 GW of renewable capacity with solar power at 92.12 GW and wind at 47.72 GW, accounting for 46.3% of total power generation. The government's target of 500 GW renewable capacity by 2030 accelerates investments in transmission infrastructure including high-voltage direct current (HVDC) and flexible alternating current transmission systems (FACTS), which improve grid stability and power evacuation efficiency. The development of green energy corridors and dedicated transmission lines for renewables further enhances demand for transformers, switchgear, and conductors. Collaboration between private and public sectors is modernizing the grid to ensure seamless power flow from renewable-rich areas to high-demand regions, bolstering sustained growth supported by policy incentives and advanced technology. Expansion and modernization of grid infrastructure are crucial for meeting rising electricity demand and improving grid reliability. The power grids market in India was valued at USD 10.72 Billion in 2024, projected to grow to USD 18.52 Billion by 2033 at a CAGR of 5.8%. Government initiatives aim to create a unified national power grid to enhance efficiency and reduce losses, driving investments in substations, transmission lines, and real-time grid monitoring systems. MARKET GROWTH FACTORS The India power transmission equipment market growth is fueled by government initiatives focused on renewable energy integration and grid modernization. Policies like "One Nation, One Grid" support smart grid technology adoption and infrastructure expansion, improving efficiency and power reliability. Increasing urbanization and electrification programs contribute to rising electricity demand, which in turn drives investments in advanced power transmission equipment to support expanding networks. Additionally, the rapid growth in renewable energy projects, with a target of 500 GW capacity by 2030, necessitates sophisticated transmission systems such as HVDC and FACTS to maintain grid stability. Continuous developments in green energy corridors and dedicated lines reinforce the need for transformers, conductors, and switchgear equipment, providing robust market momentum. The demand for smart grid technologies, including IoT-enabled devices and automated control systems, enhances grid management and resilience. Investments in substations and digital monitoring systems contribute to reducing transmission losses and improving supply reliability. With increasing industrialization and urban electrification, the market attracts domestic and international manufacturers offering sophisticated power transmission solutions. MARKET SEGMENTATION Equipment Type Insights:
Voltage Level Insights:
Application Insights:
REGIONAL INSIGHTS The report covers major regional markets including North India, South India, East India, and West India. However, specific dominant region statistics such as market share or CAGR are not provided in the source. RECENT DEVELOPMENTS & NEWS
KEY PLAYERS
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization. ABOUT US IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. CONTACT US IMARC Group, 134 N 4th St. Brooklyn, NY 11249, USA, Email: sales@imarcgroup.com, Tel No: (D) +91-120-433-0800, United States: +1-201-971-6302 | |
