The India grid automation market size reached USD 1.67 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.98 Billion by 2033, exhibiting a growth rate (CAGR) of 6.14% during 2025-2033. The growth is spurred by the integration of increasing renewable energy, smart grid technologies adoption, and artificial intelligence (AI) and Internet of Things (IoT) developments for predictive maintenance. Support from the government in the form of the renewed distribution sector scheme (RDSS) and Green Energy Corridor further propels modernization drives, improving the reliability, efficiency, and security of the grid as well as lowering operational costs.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024 |
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 1.67 Billion |
Market Forecast in 2033 | USD 2.98 Billion |
Market Growth Rate 2025-2033 | 6.14% |
Rising Integration of Renewable Energy
India’s shift toward renewable energy is accelerating demand for grid automation solutions. As of October 2024, the country’s renewable energy-based electricity generation capacity reached 201.45 GW, accounting for 46.3% of total installed capacity. The rapid expansion of solar and wind power is driving the adoption of automation technologies to ensure grid stability and optimize power distribution. Advanced sensors, AI, and real-time data analytics are improving grid stability by anticipating ups and downs in energy supply. Automated substations and smart inverters are significant in connecting renewables to the national grid. State policies such as the Green Energy Corridor project are also increasing investments in automation. The greater demand for real-time monitoring and quick response schemes is rendering automated grid infrastructure unavoidable for effectively tackling the intricacies of renewable integration.
Adoption of AI and IoT in Grid Management
AI and Internet of Things (IoT) are revolutionizing India grid automation space by making predictive maintenance, fault detection, and grid self-healing mechanisms a reality. AI-powered analytics are assisting utilities in predicting equipment breakdowns, optimizing energy delivery, and improving demand forecasting. IoT-based devices like smart transformers and auto-reclosers are allowing real-time grid monitoring and reaction to voltage fluctuations. With the incorporation of machine learning (ML) algorithms in automation systems, grid resilience is enhanced and manual interventions minimized. Moreover, AI-based cybersecurity systems are being deployed to safeguard grid networks against cyber risks. With greater digitalization, AI and IoT are assuming a central position in making India's power grid more efficient, secure, and responsive.
Expansion of Smart Grid Technologies
India is rapidly transitioning toward smart grids to modernize power distribution networks. The Revamped Distribution Sector Scheme (RDSS), launched in 2022 with an outlay of INR 3.03 trillion (USD 36.8 billion), is accelerating this shift by funding infrastructure upgrades, including the installation of 250 million smart meters by 2025. Utilities are deploying automated metering infrastructure (AMI), SCADA systems, and distributed energy resource management (DERM) solutions to enhance operational efficiency. The adoption of digital substations and predictive maintenance analytics is minimizing downtime and enhancing power quality. Sophisticated communication networks, such as IoT-capable sensors, allow for real-time decision-making. As power demand increases, grid automation is guaranteeing improved reliability, optimal energy management, and minimized transmission losses, and thus modernized infrastructure is imperative to India's changing energy landscape.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on component, application and end user.
Component Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes hardware (sensors, programmable logic controllers (PLCS), remote terminal units (RTUS), and communication networks), software, (supervisory control and data acquisition (SCADA), distribution management systems (DMS), advanced metering infrastructure (AMI), and grid optimization software), and services (installation and integration, maintenance and support, and consulting and training).
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes transmission automation, distribution automation, substation automation, and others.
End User Insights:
The report has provided a detailed breakup and analysis of the market based on the end user. This includes utilities, industrial, commercial, and residential.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North, South, East, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Components Covered |
|
Applications Covered | Transmission Automation, Distribution Automation, Substation Automation, Others |
End Users Covered | Utilities, Industrial, Commercial, Residential |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |