SAARC Transmission Lines Market By Type (Overhead Transmission Lines, Underground Transmission Lines), By Voltage Rating (High Voltage Transmission Lines, Medium Voltage Transmission Lines, Low Voltage Transmission Lines), By End-User Industry (Power Generation, Utility Infrastructure, Industrial Applications), By Transmission Capacity (Large Capacity Transmission Lines, Medium Capacity Transmission Lines, Small Capacity Transmission Lines); Global Insights & Forecast (2024 - 2030)

As per Intent Market Research, the SAARC Transmission Lines Market was valued at USD 7.9 Billion in 2024-e and will surpass USD 14.0 Billion by 2030; growing at a CAGR of 10.1% during 2025 - 2030.

The SAARC transmission lines market is witnessing substantial growth, fueled by increasing energy demand, infrastructure development, and the need for reliable power distribution across the South Asian Association for Regional Cooperation (SAARC) member countries. As economies in this region continue to grow, so does the demand for efficient and robust power transmission networks. Transmission lines, whether overhead or underground, play a critical role in ensuring the stable and continuous delivery of electricity from power generation sources to end-users. With a rising focus on expanding utility infrastructure, enhancing grid stability, and integrating renewable energy sources, the market for transmission lines in the SAARC region is poised for significant expansion, with both governmental and private investments supporting new projects and upgrades to existing networks.

Overhead Transmission Lines Lead Type Segment

Overhead transmission lines dominate the type segment of the SAARC transmission lines market. This is primarily due to their cost-effectiveness and ease of installation, particularly in regions with vast rural areas or challenging terrains. Overhead lines are commonly used for high and medium voltage transmission, making them ideal for long-distance transmission of electricity from power plants to urban and industrial areas. The relatively lower upfront investment and quicker deployment timelines have made overhead transmission lines the preferred choice in developing regions, where budget constraints and the need for rapid infrastructure expansion are critical. As a result, the overhead transmission line segment is expected to maintain its leadership in the SAARC market, especially as countries continue to expand and modernize their electricity transmission networks.

Power Generation Sector Drives End-User Demand

The power generation sector is the largest end-user industry for transmission lines in the SAARC region. As power generation capacities expand to meet growing energy demands, efficient transmission systems are necessary to deliver electricity from power plants to the grid. Countries in the SAARC region, such as India and Pakistan, are investing heavily in both conventional and renewable energy sources like solar, wind, and hydroelectric power, which require robust transmission infrastructure for effective distribution. The demand for high-capacity and reliable transmission lines is particularly high in the power generation sector, as utilities need to transport electricity over long distances while maintaining quality and minimizing losses. This trend positions power generation as the dominant driver for the transmission lines market in the region.

Large Capacity Transmission Lines Fuel Market Growth

Large capacity transmission lines are the fastest-growing transmission capacity segment in the SAARC market. As energy demands continue to increase, there is a growing need for transmission lines capable of carrying large amounts of power over long distances. Large capacity transmission lines are critical for linking power generation plants, especially renewable energy sources, to urban centers and industrial hubs where power demand is concentrated. These lines are also vital in cross-border energy trade between SAARC nations, allowing for the import and export of electricity to meet regional energy needs. The growing investment in grid modernization and the need to support expanding energy generation projects are fueling the rapid growth of the large capacity transmission line segment in the SAARC market.

High Voltage Transmission Lines Dominate Voltage Rating Segment

High voltage transmission lines lead the voltage rating segment due to their ability to transmit large amounts of electricity over long distances with minimal losses. High voltage lines are critical for the efficient transmission of power from central power stations to substations, from where the voltage is stepped down for distribution to end-users. The SAARC region, with its increasing focus on power grid expansion, particularly in countries like India, Bangladesh, and Sri Lanka, relies heavily on high voltage transmission lines to support the distribution of power generated from both conventional and renewable sources. With the region’s push for grid reliability and energy security, high voltage transmission lines are expected to remain the dominant solution for long-distance power transmission in the coming years.

Asia-Pacific Region Leads SAARC Transmission Lines Market

The Asia-Pacific (APAC) region, which encompasses the SAARC countries, is the largest and fastest-growing market for transmission lines. Countries in the region are investing heavily in both power generation and transmission infrastructure to support their rapidly growing economies and urbanization. India, in particular, is a major contributor to the region’s market growth, with extensive power grid modernization projects and efforts to expand electricity access to rural and underserved areas. Additionally, the integration of renewable energy sources and cross-border electricity trade between SAARC countries is driving demand for advanced transmission lines capable of supporting larger and more complex energy networks. As the demand for energy continues to rise, APAC remains at the forefront of global efforts to build efficient, resilient, and sustainable power transmission systems.

Competitive Landscape and Leading Companies

The SAARC transmission lines market is highly competitive, with numerous global and regional players involved in the design, manufacture, and installation of transmission line systems. Leading companies include Siemens, ABB, General Electric, Mitsubishi Electric, and Bharat Heavy Electricals Limited (BHEL). These companies offer a wide range of products, from overhead to underground transmission lines, as well as associated equipment like transformers and circuit breakers. To maintain a competitive edge, industry leaders are focusing on technological innovation, such as the development of high-efficiency transmission lines and advanced grid management solutions. Strategic partnerships and collaborations with local utilities and governments are also common strategies used by these companies to strengthen their market position in the rapidly developing SAARC region. With growing investments in infrastructure, these companies are well-positioned to capitalize on the increasing demand for reliable, high-capacity transmission lines in the region.

List of Leading Companies:

• ABB Ltd.
• Siemens AG
• General Electric (GE)
• Mitsubishi Electric Corporation
• Schneider Electric
• Larsen & Toubro Ltd.
• Hyundai Engineering & Construction
• Tata Power
• KEC International
• BHEL (Bharat Heavy Electricals Limited)
• Snam Rete Gas
• NARI Group Corporation
• Alstom Grid
• PTC India Ltd.
• PowerGrid Corporation of India Ltd.

Recent Developments:

• ABB Ltd. launched an innovative high-voltage transmission line technology aimed at reducing energy loss and improving efficiency in December 2024.
• Siemens AG secured a contract to supply underground transmission lines for a utility infrastructure project in Pakistan in November 2024.
• General Electric (GE) introduced a smart transmission line monitoring system for better grid management in South Asian markets in October 2024.
• Mitsubishi Electric Corporation expanded its transmission line network solutions in Sri Lanka, focusing on medium voltage upgrades in September 2024.
• Schneider Electric announced the development of a large capacity transmission line project in India to support the growing power demands in August 2024.

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