Search and Filter Through Our Comprehensive Database of Ongoing Underground Electric Power Transmission Line Projects and Tenders in India
Identify and track all the ongoing (work-in-progress) underground electric power transmission line projects, tenders, and contract awards. Our extensive database and user-friendly interface make it easy for you to find the right business opportunity in India.
India Underground Electric Power Transmission Line Industry Analysis
Current Scenario:
The Underground Electric Power Transmission Lines industry in India has been witnessing significant growth in recent years. With the increasing demand for electricity in the country, there has been a rising need for efficient power transmission systems. Underground power transmission lines have become a preferred option due to their numerous advantages over overhead lines, such as reduced land usage, lower maintenance costs, and reduced visual impact.
Construction of New Projects:
India has several ongoing and planned underground power transmission projects. For instance, the Power Grid Corporation of India Limited (PGCIL) is implementing the Raigarh-Pugalur 800 kilovolts (kV) ultra-high voltage direct current (UHVDC) transmission line, which will be the longest in the world. Another notable project is the Bangalore Electricity Supply Company's (BESCOM) plan to replace overhead lines with underground cables in the city's central business district.
Major Drivers:
One of the major drivers for the Underground Electric Power Transmission Lines industry in India is the government's push towards increasing renewable energy capacity in the country. The government has set a target of achieving 175 gigawatts (GW) of renewable energy capacity by 2022, which requires the development of efficient power transmission systems. Another driver is the need for reliable power transmission systems to support the growth of the country's industrial and commercial sectors.
Industry Outlook:
The Underground Electric Power Transmission Lines industry in India is expected to grow significantly in the coming years, driven by factors such as increasing demand for electricity, government initiatives to boost renewable energy capacity, and rising investments in power transmission infrastructure. According to a report by ResearchAndMarkets, the Indian power transmission market is expected to reach USD 21.7 billion by 2025, growing at a compound annual growth rate (CAGR) of 7.2% from 2020 to 2025. The increasing adoption of underground power transmission lines is expected to be a major factor driving this growth.
In conclusion, the Underground Electric Power Transmission Lines industry in India is poised for significant growth, driven by the increasing demand for electricity, government initiatives to boost renewable energy capacity, and rising investments in power transmission infrastructure. With several ongoing and planned projects, the industry is expected to play a crucial role in the country's economic growth and development.
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