India Power Transmission Equipment Market Size, Share, Trends and Forecast by Equipment Type, Voltage Level, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A31305

Buy Now Discount
Offer

India Power Transmission Equipment Market Overview:

The India power transmission equipment market size reached USD 11.58 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 21.83 Billion by 2033, exhibiting a growth rate (CAGR) of 6.80% during 2025-2033. The market is driven by rising renewable energy integration, implementation of government initiatives including green energy corridors, and grid modernization efforts. Increasing electricity demand, rapid urbanization, and policies such as "One Nation, One Grid" are expanding the India power transmission equipment market share, supported by investments in smart grid technologies and infrastructure expansion to enhance efficiency and reliability.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 11.58 Billion
Market Forecast in 2033	USD 21.83 Billion
Market Growth Rate 2025-2033	6.80%

India Power Transmission Equipment Market Trends:

Rising Demand for Renewable Energy Integration

The increasing integration of renewable energy sources, such as solar and wind, into the national grid is majorly driving the India power transmission equipment market growth. The government’s ambitious target of achieving 500 GW of renewable energy capacity by 2030 is accelerating investments in transmission infrastructure. This shift necessitates advanced equipment, including high-voltage direct current (HVDC) systems, flexible alternating current transmission systems (FACTS), and smart grid technologies to ensure efficient power evacuation and grid stability. India's solar power generation, with a capacity of 92.12 GW, and wind generation, with a capacity of 47.72 GW, has successfully achieved 200 GW-plus of renewable capacity, currently representing over 46.3% of the total power generation in the country. The rapid growth of the sector has led to significant demand for critical industrial materials, particularly power transmission equipment that is critical to energy storage and grid infrastructure, with an ambitious target of 500 GW from non-fossil fuel sources by 2030. With increasing demand for renewable energy, the power transmission equipment market in India will witness significant growth to support clean energy progress. Additionally, the development of green energy corridors and dedicated transmission lines for renewable energy is driving demand for transformers, switchgear, and conductors. Private and public players are collaborating to modernize the grid, ensuring seamless power flow from renewable-rich states to high-demand regions. As India continues to prioritize clean energy, the transmission equipment market is expected to witness sustained growth, supported by policy incentives and technological advancements.

India Power Transmission Equipment Market Size

Expansion and Modernization of Grid Infrastructure

The ongoing expansion and modernization of grid infrastructure to meet rising electricity demand and improve reliability is creating a positive India power transmission equipment market outlook. A research report from the IMARC Group indicates that the power grids market in India was valued at USD 10.72 Billion in 2024. It is projected to grow to USD 18.52 Billion by 2033, reflecting a compound annual growth rate (CAGR) of 5.8% from 2025 to 2033. The government’s focus on initiatives aims to create a unified national power grid, enhancing efficiency and reducing transmission losses. This has led to increased investments in substations, transmission lines, and digital monitoring systems. Additionally, the adoption of smart grid technologies, including IoT-enabled devices and automated control systems, is improving grid resilience and real-time power management. The rise of urban electrification, along with rural electrification programs, further fuels the demand for robust transmission networks. With growing industrialization and urbanization, the need for reliable and efficient power transmission solutions is expected to drive market growth, attracting both domestic and international equipment manufacturers.

India Power Transmission Equipment Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on equipment type, voltage level, and application.

Equipment Type Insights:

Transformers
Circuit Breakers
Transmission Towers
Insulators
Conductors and Cables
Switchgear
Others

The report has provided a detailed breakup and analysis of the market based on the equipment type. This includes transformers, circuit breakers, transmission towers, insulators, conductors and cables, switchgear, and others.

Voltage Level Insights:

High Voltage (HV)
Extra High Voltage (EHV)
Ultra High Voltage (UHV)

A detailed breakup and analysis of the market based on the voltage level have also been provided in the report. This includes high voltage (HV), extra high voltage (EHV), and ultra high voltage (UHV).

Application Insights:

Utilities
Industrial
Commercial
Residential

The report has provided a detailed breakup and analysis of the market based on the application. This includes utilities, industrial, commercial, and residential.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

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.

India Power Transmission Equipment Market News:

February 25, 2025: Lauritz Knudsen showcased its diverse switchgear offerings at ELECRAMA 2025 with a suite of smartsolutions intended for verticals such as industry, infrastructure, and residential. Some prominent products include Omega UZ ACB, Dsine DZ MCCB, and the complete electric vehicles EV ecosystem with SmartComm for enhanced digitalization and energy efficiency. Supported by a strong presence in India, the company is set to tap the growing demand for advanced power transmission and automation technologies in the country.
January 07, 2025: Larsen & Toubro (L&T) secured significant contracts for power transmission and distribution in India and the Middle East, including an Advanced Distribution Management System (ADMS) initiative in West Bengal. These projects include the installation of 380kVand 400kV substations to enhance the reliability of grids and ease the integration of renewables. L&T's ongoing growth highlights the increasing need for sophisticated power transmission technology within India's developing energy infrastructure sector.

India Power Transmission Equipment Market Report Coverage:

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: Equipment Type Voltage Level Application Region
Equipment Types Covered	Transformers, Circuit Breakers, Transmission Towers, Insulators, Conductors and Cables, Switchgear, Others
Voltage Levels Covered	High Voltage (HV), Extra High Voltage (EHV), Ultra High Voltage (UHV)
Applications 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)

Key Questions Answered in This Report:

How has the India power transmission equipment market performed so far and how will it perform in the coming years?
What is the breakup of the India power transmission equipment market on the basis of equipment type?
What is the breakup of the India power transmission equipment market on the basis of voltage level?
What is the breakup of the India power transmission equipment market on the basis of application?
What is the breakup of the India power transmission equipment market on the basis of region?
What are the various stages in the value chain of the India power transmission equipment market?
What are the key driving factors and challenges in the India power transmission equipment?
What is the structure of the India power transmission equipment market and who are the key players?
What is the degree of competition in the India power transmission equipment market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India power transmission equipment market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India power transmission equipment market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India power transmission equipment industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Purchase Options Discount
Offer

Inquire Before Buying

Speak to an Analyst

Request Brochure

Request Customization

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.

India Power Transmission Equipment Market Report