India Power Cable Market Outlook (2023-2029) | Growth, Revenue, Value, COVID-19 IMPACT, Industry, Size, Analysis, Forecast, Share, Trends & Companies

India Power Cable Market | Country-Wise Share and Competition Analysis

In the year 2021, China  was the largest exporter in terms of value, followed by Germany. It has registered a growth of 4.54% over the previous year. While Germany registered a growth of 27.67% as compare to the previous year. In the year 2017 China was the largest exporter followed by Korea. In term of Herfindahl Index, which measures the competitiveness of countries exporting, India has the Herfindahl index of 4794 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  2880 which signifies high concentration in the market.

India Power Cable Market - Export Market Opportunities

 

Topics Covered in the India Power Cable Market

India Power Cable Market report thoroughly covers the market by installation type, by voltage, and by end use. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Power Cable Market Synopsis

India Power Cable Market is witnessing immense growth due to rapid urbanization, expanding infrastructure projects, and the rising demand for electricity across industries. With a growing population and rapid industrialization, the need for efficient power transmission systems has become imperative. The key drivers contributing to the growth of the power cable market in India is government initiatives aimed at enhancing electricity access in rural areas. Another notable trend shaping this industry is technological advancements. With ongoing developments in materials and manufacturing processes, power cables are becoming more reliable, durable, and energy-efficient.
However, ensuring quality standards and adherence to safety norms during production and installation processes could hamper the market growth. Moreover, price fluctuations of raw materials used in cable manufacturing can impact profit margins for companies operating in this sector.

According to 6Wresearch, the India Power Cable Market is anticipated to grow steadily during the forecast period 2023-2029. With surging demand for electricity in various sectors such as residential, commercial, and industrial, the need for efficient power transmission is vital. One of the key factors driving the future growth of the power cable market in India is government initiatives to improve electrification across rural areas. Additionally, with ongoing investments in renewable energy projects such as solar and wind farms, there will be a significant demand for high-quality power cables that can efficiently transmit renewable energy from these sources to consumers. Additionally, advancements in technology are anticipated to drive innovation in power cable manufacturing.
However, fluctuating raw material prices and increasing competition from international players pose potential threats to domestic manufacturers.

The impact of COVID-19 on the India Power Cable Market

The COVID-19 pandemic has had a significant impact on the power cable market in India which is a crucial part of Asia Pacific Power Cable Market. Due to countrywide lockdown to curb the spread of the virus, construction projects and infrastructure development came to a halt. This led to a decrease in demand for power cables as new installations were put on hold. Additionally, disruptions in global supply chains due to travel restrictions impacted the availability of raw materials required for manufacturing power cables. The shortage of raw materials resulted in delays in production and delivery timelines. However, there have been some positive developments as well such as increased focus on remote working and digitalization during the pandemic which led to a surge in demand for reliable internet connectivity and data transmission. Furthermore, with governments emphasizing renewable energy sources, there is an increasing need for high-quality power cables that can efficiently transmit electricity generated from these sources.

Leading players in the India Power Cable Market

The India Power Cable Industry is a highly competitive industry, with several key players vying for largest market share. Some of the major players in the India power cable market are;

• Polycab
•  Havells India Limited
• KEI Industries Limited
• Finolex Cables Ltd.
• Sterlite Power Transmission Ltd.
• V-Guard Industries Ltd.
• Universal Cables Ltd.

Future of the India Power Cable Market

The India Power Cable Market Size is poised for significant growth in the future years on the back of the increasing demand for electricity in various sectors such as residential, commercial, and industrial. Additionally, government initiatives to develop smart cities and improve infrastructure are driving the need for reliable power cables. Additionally, the expansion of renewable energy is another factor fueling the India Power Cable Market Growth. With an increased focus on solar and wind power energy, there is a rising demand for power cables capable of efficiently transmitting electricity generated from these sources. The integration of renewable energy into the grid requires robust transmission networks supported by advanced power cable technologies. However, fluctuations in raw material prices affect manufacturing costs which may pose challenges to profit margins for both manufacturers and suppliers operating in this sector.

Market Analysis by Installation Type

According to Vasudha, Senior Research Analyst, 6Wresearch, both underground and submarine power cable installations are experiencing significant growth towards modernization and electrification.

Market Analysis by Voltage

 

By Voltage, the growth of power cables by voltage is influenced by the scale of power generation, transmission requirements, and the need for energy distribution across various sectors. India's rising energy demands and the integration of renewable energy sources may have led to the growth of medium and high voltage power cable installations for efficient long-distance transmission of power grids.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Power Cable Market Outlook
• Market Size of India Power Cable Market, 2022
• Forecast of India Power Cable Market, 2029
• Historical Data and Forecast of India Power Cable Revenues & Volume for the Period 2019 - 2029
• India Power Cable Market Trend Evolution
• India Power Cable Market Drivers and Challenges
• India Power Cable Price Trends
• India Power Cable Porter's Five Forces
• India Power Cable Industry Life Cycle
• Historical Data and Forecast of India Power Cable Market Revenues & Volume By Installation Type for the Period 2019 - 2029
• Historical Data and Forecast of India Power Cable Market Revenues & Volume By Overhead for the Period 2019 - 2029
• Historical Data and Forecast of India Power Cable Market Revenues & Volume By Underground for the Period 2019 - 2029
• Historical Data and Forecast of India Power Cable Market Revenues & Volume By Submarine for the Period 2019 - 2029
• Historical Data and Forecast of India Power Cable Market Revenues & Volume By Voltage for the Period 2019 - 2029
• Historical Data and Forecast of India Power Cable Market Revenues & Volume By Low for the Period 2019 - 2029
• Historical Data and Forecast of India Power Cable Market Revenues & Volume By Medium for the Period 2019 - 2029
• Historical Data and Forecast of India Power Cable Market Revenues & Volume By High for the Period 2019 - 2029
• Historical Data and Forecast of India Power Cable Market Revenues & Volume By End Use for the Period 2019 - 2029
• Historical Data and Forecast of India Power Cable Market Revenues & Volume By Residential for the Period 2019 - 2029
• Historical Data and Forecast of India Power Cable Market Revenues & Volume By Commercial for the Period 2019 - 2029
• Historical Data and Forecast of India Power Cable Market Revenues & Volume By Industrial for the Period 2019 - 2029
• Historical Data and Forecast of India Power Cable Market Revenues & Volume By Utilities for the Period 2019 - 2029
• India Power Cable Import Export Trade Statistics
• Market Opportunity Assessment By Installation Type
• Market Opportunity Assessment By Voltage
• Market Opportunity Assessment By End Use
• India Power Cable Top Companies Market Share
• India Power Cable Competitive Benchmarking By Technical and Operational Parameters
• India Power Cable Company Profiles
• India Power Cable Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Installation Type

• Overhead
• Underground
• Submarine

By Voltage

• Low
• Medium
• High

By End Use

• Residential
• Commercial
• Industrial
• Utilities