SAARC Transmission Lines Market Size & Share 2026-2035
Market Size By Voltage (132 kV to 220 kV, 221 kV to 660 kV, > 660 kV), By Conductor (Conventional, High Temperature, Others). The market forecasts are provided in terms of value (USD) & volume (ckm).
Report ID: GMI7209
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Published Date: May 2026
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Report Format: PDF
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Authors:
Ankit Gupta, Shashank Sisodia
SAARC Transmission Lines Market Size
The SAARC transmission lines market was estimated at USD 1.2 billion in 2025. The market is expected to grow from USD 1.4 billion in 2026 to USD 2.2 billion in 2035, at a CAGR of 5.3%, according to a recent study by Global Market Insights Inc.
SAARC Transmission Lines Market Key Takeaways
Market Size & Growth
Regional Dominance
Key Market Drivers
Challenges
Opportunity
Key Players
The market growth across the region is driven by various factors including the expansion of infrastructure projects, renewable energy integration, technological advancements, and enhanced region collaboration. Strong government support in line with public & private investments will further boost the market growth in the forecast timeline.
Increasing government initiatives and international collaborations to support sustainable energy transitions will further proliferate the market potential across the SAARC countries. For instance, in February 2026, the government of India and Bhutan came into a strategic cooperation in power sector on the commercial optimization of power output from the Punatsangchhu-II hydroelectric project. This in turn will increase the transmission line installation between the countries.
Rising efforts towards development of transmission infrastructure along with rising renewable energy integration to sustain long-term energy strategies is complementing the industry scenario. For reference, in January 2025, as part of its Energy Development Roadmap and Action Plan, the government of Nepal invested USD 46.5 billion in the comprehensive development of the country’s energy sector including the transmission lines.
The rapid expansion along with modernization of electricity infrastructure in emerging economies including India, Bhutan, and Nepal are driving the demand for electricity, thereby augmenting power transmission structure. These countries are investing on large scale in expanding and upgrading their power grids to meet the increasing energy demand, thereby contributing to the market growth.
SAARC Transmission Lines Market Trends
The growing focus on enhancing grid capacity & reliability has led to a flourishing market for building new high-voltage transmission lines along with the refurbishment of aging infrastructure. For instance, in March 2026, the Nepal Electricity Authority along with the co-financer, KfW Development Bank, Germany, came together to celebrate the ground breaking ceremony of a Lekhnath–Damauli 220 kV transmission line project at the Damauli substation in Tanahun district.
The transition towards adoption of clean energy sources is driving significant advancement in transmission infrastructure with a concentric focus on connecting remote energy generating sites including solar and wind farms to densely populated urban centers. For instance, in April 2026, the government of Nepal stated that the country added 23 renewable energy projects including both hydro & solar energy installation in the year 2025, which in turn would have added to the overall transmission line market growth.
The shifts not only enhances grid reliability but also aligns with the global sustainability objectives, addressing the increasing demand for cleaner energy solutions. In addition, technological innovations and increased investment from both private and public sectors is further playing a pivotal role in transforming the transmission line industry. For reference, in April 2026, as power ministry of India, there are over USD 5 trillion power transmission projects that are either being bid out or executed on the ground across the country.
Continuous & exponential adoption of transmission technology including UHVDC in countries such as India, Nepal, and Bangladesh is bolstering the market landscape. The technology enables efficient electrical transmission over long distances with minimal losses, making it essential for large-scale renewable energy integration.
For instance, in April 2026, Adani Energy solutions commissioned a 1,000 MW HVDC transmission link between Aarey to Kudos in Mumbai, India to strengthen the city’s grid reliability and enable high renewable power integration. The active involvement of such private entities in financing and developing transmission projects will further foster involvement, innovation, project execution, and growth contribution to the overall sector down the line.
SAARC Transmission Lines Market Analysis
Based on voltage, the market is segmented into 132 kV to 220 kV, 221 kV to 660 kV, and > 600 kV. The 132 kV to 220 kV ranging transmission lines is growing at a CAGR of 5.4% by 2035, owing to the rising need to enhance and expand medium-voltage transmission network to support urbanization and industrialization.
For instance, in February 2026, KEC International Ltd. secured orders worth over USD 109 million across its transmission & distribution (T&D), cable & conductor business, civil, and transportation sector. In addition, rising investment in renewable energy projects are further favoring for efficient & reliable grid connections, further contributing to the segment expansion.
The 221 kV to 660 kV transmission lines industry across the SAARC countries will grow at a CAGR of 4.9% by 2035. The growth is significantly driven by regions increasing focus on modernizing power infrastructure to meet rising electricity demand. Wide array of countries are investing in HV transmission projects in order to enhance grid stability and connect renewable energy.
In addition, cross-border electricity initiatives among SAARC nations are further driving the need for robust and reliable high-voltage electrical network. For reference, in November 2025, Nepal Electrical Authority decided to invest over USD 32 million for cross border transmission lines with India focusing on electricity generation and transport from hydro power plants.
Based on conductor, the market is categorized into conventional, high-temperature, and others. The conventional transmission lines catered a market share of 73.2% in the year 2025 and will grow at a CAGR of 4.9% by 2035. The conventional industry remains robust fueled by ongoing electrification efforts and grid expansion projects across the emerging economies.
Countries including Nepal, Bhutan, Afghanistan, and Sri Lanka are focusing on extending grid access to rural and remote areas, which in turn is driving the demand for conventional transmission lines. For instance, in February 2026, Afghanistan government signed contracts for five power area development projects worth USD 11 million to bolster the country’s damaged electricity infrastructure.
The high-temperature transmission lines industry will grow at a CAGR of 6% by 2035 driven by their ability to handle higher current loads while minimizing energy losses, making them suitable for the regions expansive and varied terrains. Furthermore, the growing electrical infrastructure across remote locations, highlighting the importance of HTLS in delivering efficient clean energy will further add to market growth.
SAARC Transmission Lines Market Share
The top 5 companies including KEC International, Sterlite Electric Limited, Prysmian Group, Polycab India Limited, and CTC Global Corporation held over 40% of the market share in 2025. These market participants focuses on building collaboration and partnership with the government to meet the significant demand associated with modernizing the electric infrastructure projects across the region.
KEC International has one of the largest execution base in the region with strong portfolio of transmission line ranging from 220 kV to 765 kV, thereby catering a major market share in the region. In addition, CTC Global with a new manufacturing in India has further solidified its market positioning by supply reliable conductors for electrical transmission.
SAARC Transmission Lines Market Companies
Major players operating in the SAARC transmission lines industry are:
14% of Market Share
40% Collective Market Share
SAARC Transmission Lines Industry News
This SAARC transmission lines market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (ckm) and revenue (USD Million) from 2022 to 2035, for the following segments:
Market, By Voltage
Market, By Conductor
The above information has been provided for the following countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
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Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
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Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
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GMI archive
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Trade data
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Parameters studied & evaluated
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