India’s High Voltage Direct Current transmission systems market is projected to grow significantly from USD 15,071.0 million in 2025 to USD 31,061.8 million by 2035, registering a robust CAGR of 7.5%. This surge is driven by the rising demand for efficient, long-distance electricity transmission to support the country’s growing energy needs and the integration of renewable power into the national grid.
Higher efficiency and greater reliability compared to conventional transmission systems make HVDC technology a highly attractive solution—especially for long-distance power transmission and seamless integration of renewable energy sources.
HVDC systems are playing a pivotal role in addressing India’s energy challenges by facilitating renewable integration, minimizing transmission losses, and strengthening cross-border electricity exchange.
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Market Trends Highlighted:
- Rising Energy Demand: Rapid urbanization, industrial expansion, and electrification in rural areas are escalating India’s energy consumption, making HVDC systems a critical component for stable and efficient power distribution.
- Renewable Energy Integration: India’s transition towards cleaner energy is boosting demand for HVDC infrastructure to transmit power from remote solar and wind farms to high-demand urban centers with minimal losses.
- Interregional Grid Connectivity: HVDC technology is enabling the connection of regional grids across vast distances, promoting greater grid stability and allowing power sharing between surplus and deficit regions.
- Technological Advancements: Innovations in converter stations, modular HVDC systems, and voltage-sourced converters (VSCs) are enhancing system flexibility and efficiency, lowering maintenance costs, and enabling more compact installations.
- Government Initiatives and Policy Support: The Indian government is backing HVDC investments through policies such as the National Electricity Plan and support for public-private partnerships (PPPs) to develop a robust transmission network.
Key Takeaways of the Report:
- Market Size and Forecast: The India HVDC transmission systems market is expected to more than double, reaching USD 31,061.8 million by 2035 from USD 15,071.0 million in 2025, growing at a CAGR of 7.5%.
- Primary Drivers: Increasing energy demand, renewable energy integration, and government-led infrastructure upgrades are the main forces behind the market’s expansion.
- Technological Preference: Voltage-Sourced Converters (VSC) are gaining preference due to their compact design, modular scalability, and suitability for urban and offshore applications.
- Application Focus: Interregional power transmission remains the largest application segment, followed by renewable energy transmission and cross-border grid connectivity.
- Infrastructure Development: India’s ongoing investments in upgrading and expanding its transmission network are expected to result in the commissioning of several new HVDC corridors over the next decade.
- Investment Opportunities: Private and foreign investments are expected to increase in response to favorable regulatory frameworks, especially in renewable-linked transmission projects.
Government initiatives and the growing need for grid stability, in line with India’s renewable energy targets, are accelerating the deployment of HVDC systems. Technologies like Ultra High Voltage Direct Current (UHVDC) and Voltage Source Converters (VSC) are being widely adopted to enable efficient power transfer across regions.
HVDC systems are playing a pivotal role in addressing India’s energy challenges by facilitating renewable integration, minimizing transmission losses, and strengthening cross-border electricity exchange.
Regional Market Outlook:
Northern and Western India are expected to lead HVDC deployment due to higher industrial demand, larger renewable generation capacities (especially solar), and interregional power balancing needs.
Southern India is also emerging as a key region, with major HVDC lines planned to connect it with power-surplus northern regions and improve grid stability.
key players in the India HVDC market
- Siemens Energy
- ABB Ltd
- Bharat Heavy Electricals Limited (BHEL)
- Hitachi Energy
- Power Grid Corporation of India Limited.
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