Press release
India Power EPC Market Size, Share, Trends, Industry Growth and Forecast Report 2025-2033
According to IMARC Group's report titled "India Power EPC Market Size, Share, Trends and Forecast by Type, and Region, 2025-2033", The report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.
How Big is the India Power EPC Industry?
The India power EPC market size was valued at USD 22.4 Billion in 2024 and is expected to reach USD 39.1 Billion by 2033, exhibiting a growth rate (CAGR) of 6.4% during 2025-2033.
Request for a free sample copy of this report: https://www.imarcgroup.com/india-power-epc-market/requestsample
India Power EPC Market Trends:
India's power EPC sector is witnessing transformative growth, driven by the nation's ambitious renewable energy goals and modernization of aging infrastructure. The industry is experiencing a major shift toward clean energy projects, with solar installations taking center stage due to declining technology costs and strong government support. Large-scale solar projects are reshaping the EPC landscape, as evidenced by Coal India Ltd issuing an EPC tender for a 1 GW solar project in Rajasthan's solar park in December 2024. This initiative underscores the growing appetite for gigawatt-scale renewable projects that support domestic manufacturing while creating opportunities for EPC contractors.
Energy storage is emerging as a game-changer for India's power infrastructure, addressing the critical challenge of renewable energy intermittency. Battery energy storage systems are gaining significant traction, with Sterling and Wilson Renewable Energy Ltd securing a contract for India's largest 1,000 MWh standalone battery storage project in Rajasthan in July 2024. This project represents a crucial step toward grid stabilization and better integration of renewable sources into the national grid. The emphasis on storage solutions is prompting EPC firms to enhance their technical capabilities in designing and implementing advanced battery technologies.
Meanwhile, transmission and distribution infrastructure is undergoing substantial expansion to accommodate India's growing energy demands. Power Grid Corporation of India completed 15,240 circuit kilometers of transmission lines in 2023, while Larsen & Toubro secured a major INR 2,500 crore transmission line project in Northern India in February 2024. Smart grid modernization is also accelerating, with 7.1 million smart meters installed under the National Smart Grid Mission as of January 2024, creating fresh opportunities for EPC players to participate in the digitalization of India's power sector.
Purchase the 2026 Report Version: https://www.imarcgroup.com/checkout/detail?id=30257&method=1337
India Power EPC Market Scope and Growth Factors:
The power EPC market in India is poised for sustained expansion, backed by robust government initiatives and rising energy consumption. The Revamped Distribution Sector Scheme, launched with an outlay of Rs. 3,03,758 crore over five years (FY 2021-22 to FY 2025-26), aims to modernize distribution infrastructure and reduce aggregate technical and commercial losses to 12-15% by deploying 250 million smart meters across the country. This massive infrastructure push is creating significant opportunities for EPC contractors specializing in distribution network upgrades and smart metering solutions.
India's renewable energy transition is accelerating under favorable policy frameworks, including the waiver of inter-state transmission charges for renewable projects commissioned by June 2030 for green hydrogen and ammonia projects, and December 2032 for offshore wind initiatives. The Central Electricity Authority's National Electricity Plan projects the addition of 1,14,687 circuit kilometers of transmission lines and 7,76,330 MVA of transformation capacity during 2022-2027, reflecting the infrastructure requirements to integrate renewable energy zones with load centers across distant regions.
The thermal power segment continues to play a vital role in ensuring baseload power supply and grid stability. BHEL secured an INR 1,200 crore renovation contract for NTPC's Korba plant in January 2024, highlighting the modernization drive for aging thermal capacity totaling 34.2 GW by 2025. Concurrently, cross-border power trading is gaining momentum, with the Ministry of Power reporting 18% growth in power trading with neighboring countries in 2023, driving new transmission projects like Sterlite Power's INR 1,400 crore India-Bangladesh transmission line secured in March 2024.
Public-private partnerships are strengthening the execution capabilities of EPC firms, while the rural electrification drive continues to expand access. The Rural Electrification Corporation reported 99.9% village electrification with ongoing last-mile connectivity projects as of February 2024. KEC International won an INR 800 crore rural electrification project in Bihar in March 2024. Furthermore, Hartek Group secured an INR 117 crore power EPC project from PGCIL in Gujarat in January 2025, involving high-voltage substations that enhance grid stability and support renewable energy integration.
Green hydrogen infrastructure is emerging as a new growth area for EPC contractors, with NITI Aayog projecting 5 million metric tonnes per annum of green hydrogen production capacity by 2030. Reliance Industries announced an INR 5,000 crore green hydrogen EPC project in Gujarat in January 2024, signaling the sector's potential to create substantial opportunities. Combined with the Central Electricity Authority's target of 27 GW of battery storage capacity by 2030, these developments position India's power EPC market at the intersection of energy security, sustainability, and technological innovation.
India Power EPC Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
• Thermal
• Gas
• Renewable
• Nuclear
• Others
Breakup by Region:
• North India
• South India
• East India
• West India
Competitor Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Recent News and Developments:
• January 2025: Hartek Group secured an INR 117 Crore power EPC project from Power Grid Corporation of India Limited (PGCIL) in Gujarat, involving a 765kV AIS substation and a 400/220kV substation, strengthening India's transmission infrastructure and enhancing grid stability.
• December 2024: Coal India Ltd (CIL) issued an EPC tender for a 1 GW solar project in Rajasthan's Rajya Vidyut Utpadan Nigam Ltd solar park, aimed at enhancing renewable energy generation and supporting domestic solar manufacturing.
• July 2024: Sterling and Wilson Renewable Energy Ltd (SWREL) secured an EPC contract for India's largest 1,000 MWh standalone battery energy storage system (BESS) project in Rajasthan, representing a major milestone in energy storage infrastructure.
• March 2024: Larsen & Toubro secured a major INR 2,500 crore transmission line project in Northern India, reflecting the focus on inter-regional connectivity and power infrastructure expansion.
• March 2024: Sterlite Power won an INR 1,400 crore transmission project connecting India-Bangladesh, supporting cross-border power trading infrastructure.
• March 2024: KEC International won an INR 800 crore rural electrification project in Bihar, advancing last-mile connectivity initiatives.
• February 2024: Adani Green Energy commenced work on an INR 900 crore battery storage project, contributing to India's energy storage targets.
• January 2024: BHEL secured an INR 1,200 crore renovation contract for NTPC's Korba plant, supporting the modernization of aging thermal power infrastructure.
• January 2024: Reliance Industries announced an INR 5,000 crore green hydrogen EPC project in Gujarat, marking entry into the emerging green hydrogen segment.
Other key areas covered in the report:
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Market Dynamics
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
• Top Winning Strategies
• Recent Industry News
• Key Technological Trends & Development
Request For Customization: https://www.imarcgroup.com/request?type=report&id=30257&flag=E
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-201971-6302
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release India Power EPC Market Size, Share, Trends, Industry Growth and Forecast Report 2025-2033 here
News-ID: 4284084 • Views: …
More Releases from IMARC GROUP
Financial Analysis of Orthopedic Splint Manufacturing Plant Setup: Cost, Taxatio …
IMARC's new report titled "Orthopedic Splint Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue," provides a complete roadmap for setting up an orthopedic splint manufacturing plant. The study covers all the requisite aspects needed while entering the orthopedic splint industry. It offers a comprehensive breakdown of the orthopedic splint manufacturing plant setup cost, delivering detailed insights into capital requirements, infrastructure planning,…
Ghost Kitchen Consulting Business Plan: Get the Full Financial Roadmap & Profit …
Ghost Kitchen Consulting Business Plan and Project Report:
IMARC Group's "Ghost Kitchen Consulting Business Plan and Project Report 2025" provides a detailed and data-driven roadmap for establishing and operating a successful ghost kitchen consulting business. The report offers comprehensive insights into market performance, industry trends, operational structure, investment requirements, profitability, and financial forecasting-making it an essential resource for entrepreneurs, investors, consultants, and business strategists.
See the Data First: Download Your Sample Report:…
Hydraulic Cement Manufacturing Plant Setup Cost & Investment Guide (2025): Compl …
IMARC's new report titled "Hydraulic Cement Manufacturing Plant Project Report 2024: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue," provides a complete roadmap for setting up a hydraulic cement manufacturing plant. The study covers all the requisite aspects that one needs to know while entering the hydraulic cement industry. It provides a comprehensive breakdown of the hydraulic cement manufacturing plant setup cost, offering detailed insights into…
India Quick Service Restaurants Market Size, Share, Growth, Trends and Industry …
India Quick Service Restaurants Market Outlook
The India Quick Service Restaurants market was valued at USD 8.7 Billion in 2024 and is projected to reach USD 16.3 Billion by 2033. It is expected to grow at a CAGR of 7.22% during the forecast period from 2025 to 2033. This growth is driven by the increasing integration of technology such as online ordering platforms, mobile apps, and self-service kiosks that enhance customer…
More Releases for India
India Smart Air Purifier Market Set to Witness Significant Growth by 2035 | Phil …
India smart air purifier market was valued at $125.8 million in 2024 and is projected to reach $298.7 million by 2035, growing at a CAGR of 8.3% during the forecast period (2025-2035).
India Smart Air Purifier Market Overview
The Indian smart air purifier market is experiencing significant growth, driven by increasing concerns over air pollution and its impact on health. Consumers are increasingly adopting smart air purifiers equipped with advanced features…
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026.
The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the…
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into…
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality.
India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc.
We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain…
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer.
During the domain registration process, you will…
