The market for HVDC transmission systems in India will grow significantly from USD 15,071.0 million in 2025 to USD 31,061.8 million by 2035, at a robust CAGR of 7.5% during the forecast period. This growth is driven by the country's need for efficient and long-distance power transmission to meet increasing energy demand.
Higher efficiencies and reliability compared to the classical transmission system make this an attractive HVDC technology solution, particularly over long distances for integration with renewables.
Government and grid stability requirements associated with renewable power targets quicken HVDC integration in India, while UHVDC and Voltage Source Converter are spreading widely for efficient grid power transfer from one place to another across India.
HVDC systems play a critical role in resolving energy challenges faced by the all over india, including integrating renewable energy, reducing transmission losses and enhancing cross-border electricity trade.
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| Attribute | Description |
|---|---|
| Historical Size, 2024 | USD 14,019.5 million |
| Estimated Size, 2025 | USD 15,071.0 million |
| Projected Size, 2035 | USD 31,061.8 million |
| CAGR% (2025 to 2035) | 7.5% |
HVDC India market grown at a growth rate of the of 14.2% during the forecasted period 2020 to 2024, sustained by foreign energy infrastructure investments and renewable energy capacity deployment and development. The Indian Government’s Green Energy Corridor initiative and electrification of remote areas of country were pivotal in this growth.
From 2025 to 2035, investments (FDIs) in U-HVDC projects, cross-border interconnections, and offshore wind and solar farms will be driving the Indian market growth. Policy reforms, public-private partnerships, and technological advancements will also be vital point.
Rising Energy Demand and Transmission Challenges across india
India’s growing population and industrial expansion create surging electricity demand. HVDC systems address high transmission losses in alternating current (AC) systems by enabling efficient, high-capacity long-distance transmission.
Government Initiatives in India Supporting HVDC Deployments Through the Country
The Indian government advances energy infrastructure development through initiatives like the National Electricity Plan and the Green Energy Corridor, which prioritize HVDC technology to transmit renewable energy from generation hubs to consumption Centres.
The Integration and Implementation of Renewable Energy in Indian States
The government of India has setups a targets 500 Gigawatts of renewable energy resources capacity by year 2030, bank on HVDC systems to integrate solar and wind power into the grid efficiently. HVDC connects geologically distant renewable sources while ensuring grid stability.
Cross-Border Electricity Trade
Indian partnerships with neighbouring countries like Bhutan, Nepal, and Bangladesh requires robust cross-border HVDCs. These connections enhance energy security and foster regional cooperation.
Rapid Technical Developments in HVDC Systems
Innovations in Voltage Source Converter (VSC) technology and modular designs revolutionize HVDC systems. Compact substations, improved control, and reduced environmental impact make HVDC suitable for urban and offshore applications.
UHVDC systems lead India’s HVDC market due to their efficiency in transmitting electricity over vast distances. Projects like the Champa-Kurukshetra UHVDC link showcase India’s grid modernization commitment.
| Segment | Value Share (2025) |
|---|---|
| UHVDC Transmission Systems | 38.2% |
Large-scale renewable energy projects drive HVDC adoption. Offshore wind farms, solar parks, and hybrid energy projects use HVDC for efficient power evacuation and grid integration.
| Segment | CAGR (2025 to 2035) |
|---|---|
| Renewable Energy (Application) | 17.4% |
Industrial hubs in Maharashtra, Gujarat, and Tamil Nadu adopt HVDC systems to support energy-intensive industries like manufacturing, petrochemicals, and IT. These regions require reliable, efficient power.
| Region | Growth Rate |
|---|---|
| Western and Southern India | High |
Global players like ABB Ltd., Siemens Energy, and Hitachi Energy dominate India’s HVDC transmission systems market. These companies use advanced technologies and partnerships to lead the market.
Domestic companies like Bharat Heavy Electricals Limited (BHEL) and Power Grid Corporation of India Limited (PGCIL) significantly contribute through collaborations and localized manufacturing.
Key Players
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The HVDC market valued at the USD 15,071.0 million in 2025.
The market’s value will reach USD 31,061.8 million by 2035 by growth rate of the 7.5%.
The market will grow at a growth rate (CAGR) of 7.5% during the period of 2025 to 2035.
Ultra-High Voltage DC systems are currently dominating the Indian market.
The market consist of the major vendors are, Siemens Energy, ABB Ltd, Bharat Heavy Electricals Limited (BHEL), Hitachi Energy and Power Grid Corporation of India Limited.
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India HVDC Transmission Systems Market
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