India Power Transmission Equipment Market Size 2033

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

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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.

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