Rapid urbanization & economic growth coupled with increasing renewable energy integration across geographies including India, Bangladesh, Nepal among others ae driving the energy needs, thereby contributing to the expansion of transmission lines in the region. The industry growth prospects owing to increased electricity demand, driving the need for new and upgraded transmission lines to meet the growing power requirements of urban areas. In addition, Many SAARC countries were investing in renewable energy sources, particularly solar and wind power. As a result, the transmission lines market saw a surge in demand for infrastructure to connect remote renewable energy generation sites to urban centers.
Cross-border interconnection projects along with increasing investments in grid modernization is securing an ideal growth prospect to the industry. Collaborative efforts are underway to establish cross-border interconnections for the exchange of electricity among SAARC member countries. These interconnections aimed to improve energy security, share surplus power, and enhance the overall reliability of electricity supply in the region. In addition, several SAARC countries were investing in the modernization of their electricity grids to make them more efficient, reliable, and resilient. This involved upgrading and expanding the transmission infrastructure.