India High Voltage Direct Current (HVDC) Transmission Market to 2032
Overview
The India High Voltage Direct Current (HVDC) Transmission Market is expected to reach a 1,275.26 USD Million by 2032 and is projected to grow at a CAGR of 7.29% from 2025 to 2032.
Revenue, 2024 (USD Million)
731.95
Forecast, 2032 (USD Million)
1,275.26
CAGR, 2024 - 2032
7.29%
Report Coverage
India
India High Voltage Direct Current (HVDC) Transmission Market 2018-2032 USD Million
India High Voltage Direct Current (HVDC) Transmission Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 731.95 USD Million
- Projected Market Size (2032): 1,275.26 USD Million
- CAGR (2025-2032): 7.29%
Key Findings of India High Voltage Direct Current (HVDC) Transmission Market
- The India High Voltage Direct Current (HVDC) Transmission Market was valued at 731.95 USD Million in 2024.
- The India High Voltage Direct Current (HVDC) Transmission Market is likely to grow at a CAGR of 7.29% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Bulk Power Transmission in Application Segment accounted for the largest share of the market with a revenue of 449.02 USD Million
- The fastest growing segment Above 2001 MW in Power Rating Segment grew Fastest with a CAGR of 7.83% during the forecast period from 2024 to 2032.
India High Voltage Direct Current (HVDC) Transmission Market Scope
India High Voltage Direct Current (HVDC) Transmission Market Segmentation & Scope
Component
- Others
- Electrodes
- Reactive Power Supplies
- Control and Protection
- Transmission Cables
- Converter Stations
Project Type
- Multi-terminal System
- Back-To-Back Stations
- Point-To-Point Transmission
Technology
- Capacitor Commutated Converter
- Voltage Source Converter
- Line Commutated Converter
Application
- In-feed Urban Areas
- Interconnecting Grids
- Bulk Power Transmission
Voltage Rating
- More Than 800 kV
- Less Than 350 kV
- 640-800 kV
- 350-640 kV
Power Rating
- Below 500 MW
- 501-1000 MW
- Above 2001 MW
- 1501-2000 MW
- 1001-1500 MW
India High Voltage Direct Current (HVDC) Transmission Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 731.95 USD Million |
| Market Value in 2032 | 1,275.26 USD Million |
| CAGR (2025-2032) | 7.29% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Component,Project Type,Technology,Application,Voltage Rating,Power Rating |
Regional Insights:
-
Leading Market (2024-2032): India, leading in terms of revenue 731.95 USD Million in 2024
- Key Country: India, leading in terms of revenue with value of 731.95 USD Million in 2024.
Segments and Scope
-
India High Voltage Direct Current (HVDC) Transmission Market to 2032, By Component
- Converter Stations is the largest segment in India High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 364.58 USD Million in the year 2024.
- Converter Stations is the Fastest growing segment in India High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 7.65 % in forecast period 2025-2032.
-
India High Voltage Direct Current (HVDC) Transmission Market to 2032, By Project Type
- Point-To-Point Transmission is the largest segment in India High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 327.80 USD Million in the year 2024.
- Point-To-Point Transmission is the Fastest growing segment in India High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 7.69 % in forecast period 2025-2032.
-
India High Voltage Direct Current (HVDC) Transmission Market to 2032, By Technology
- Line Commutated Converter is the largest segment in India High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 370.27 USD Million in the year 2024.
- Line Commutated Converter is the Fastest growing segment in India High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 7.54 % in forecast period 2025-2032.
-
India High Voltage Direct Current (HVDC) Transmission Market to 2032, By Application
- Bulk Power Transmission is the largest segment in India High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 449.02 USD Million in the year 2024.
- Bulk Power Transmission is the Fastest growing segment in India High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 7.49 % in forecast period 2025-2032.
-
India High Voltage Direct Current (HVDC) Transmission Market to 2032, By Voltage Rating
- 350-640 kV is the largest segment in India High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 296.09 USD Million in the year 2024.
- 350-640 kV is the Fastest growing segment in India High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 7.74 % in forecast period 2025-2032.
-
India High Voltage Direct Current (HVDC) Transmission Market to 2032, By Power Rating
- 1001-1500 MW is the largest segment in India High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 259.05 USD Million in the year 2024.
- Above 2001 MW is the Fastest growing segment in India High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 7.55 % in forecast period 2025-2032.
India High Voltage Direct Current (HVDC) Transmission Market Company Share Analysis
| Company Name |
|
||
| Siemens | |||
| ABB | |||
| Hitachi, Ltd. | |||
| Prysmian Group | |||
| GE Vernova and/or its affiliates | |||
India High Voltage Direct Current (HVDC) Transmission Market Geographical Sales Distribution, 2018-2032 USD Million
India High Voltage Direct Current (HVDC) Transmission Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The India High Voltage Direct Current (HVDC) Transmission Market is segmented based on Segmentation Component,Project Type,Technology,Application,Voltage Rating,Power Rating.
India High Voltage Direct Current (HVDC) Transmission Market was valued at USD 731.95(Revenue in USD Million) in 2024.
India High Voltage Direct Current (HVDC) Transmission Market is projected to grow at a CAGR of 7.29% during the forecast period of 2024 to 2032.
The Bulk Power Transmission segment is expected to dominate the India High Voltage Direct Current (HVDC) Transmission Market, holding a largest market share of 449.02 USD Million in 2024
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India High Voltage Direct Current (HVDC) Transmission Market Scope
India High Voltage Direct Current (HVDC) Transmission Market Segmentation & Scope
Component
- Others
- Electrodes
- Reactive Power Supplies
- Control and Protection
- Transmission Cables
- Converter Stations
Project Type
- Multi-terminal System
- Back-To-Back Stations
- Point-To-Point Transmission
Technology
- Capacitor Commutated Converter
- Voltage Source Converter
- Line Commutated Converter
Application
- In-feed Urban Areas
- Interconnecting Grids
- Bulk Power Transmission
Voltage Rating
- More Than 800 kV
- Less Than 350 kV
- 640-800 kV
- 350-640 kV
Power Rating
- Below 500 MW
- 501-1000 MW
- Above 2001 MW
- 1501-2000 MW
- 1001-1500 MW
Frequently Asked Questions
The India High Voltage Direct Current (HVDC) Transmission Market is segmented based on Segmentation Component,Project Type,Technology,Application,Voltage Rating,Power Rating.
India High Voltage Direct Current (HVDC) Transmission Market was valued at USD 731.95(Revenue in USD Million) in 2024.
India High Voltage Direct Current (HVDC) Transmission Market is projected to grow at a CAGR of 7.29% during the forecast period of 2024 to 2032.
The estimated market value of the India High Voltage Direct Current (HVDC) Transmission Market for final year is USD 1,275.26 (USD Million).
India High Voltage Direct Current (HVDC) Transmission Market Company Profiling
Frequently Asked Questions
The India High Voltage Direct Current (HVDC) Transmission Market is segmented based on Segmentation Component,Project Type,Technology,Application,Voltage Rating,Power Rating.
India High Voltage Direct Current (HVDC) Transmission Market was valued at USD 731.95(Revenue in USD Million) in 2024.
India High Voltage Direct Current (HVDC) Transmission Market is projected to grow at a CAGR of 7.29% during the forecast period of 2024 to 2032.
The estimated market value of the India High Voltage Direct Current (HVDC) Transmission Market for final year is USD 1,275.26 (USD Million).
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