| Product Code: ETC10612494 | Publication Date: Apr 2025 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The India HVDC cables market import shipments experienced strong growth with a CAGR of 9.1% from 2020 to 2024. However, there was a notable decline in growth between 2023 and 2024, with a decrease of 24.8%. Overall, the market exhibited expansion but showed signs of slowing down towards the end of the period.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India HVDC Cables Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India HVDC Cables Market Revenues & Volume, 2021 & 2031F |
3.3 India HVDC Cables Market - Industry Life Cycle |
3.4 India HVDC Cables Market - Porter's Five Forces |
3.5 India HVDC Cables Market Revenues & Volume Share, By Cable Type, 2021 & 2031F |
3.6 India HVDC Cables Market Revenues & Volume Share, By Voltage Rating, 2021 & 2031F |
3.7 India HVDC Cables Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 India HVDC Cables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing investments in renewable energy projects in India, which require high voltage direct current (HVDC) cables for efficient transmission of power. |
4.2.2 Government initiatives to upgrade and modernize the power grid infrastructure, driving the demand for HVDC cables. |
4.2.3 Growing demand for electricity transmission over long distances due to the increasing urbanization and industrialization in India. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with the installation of HVDC cables, which may deter some market players. |
4.3.2 Technological complexities and challenges in the manufacturing and installation of HVDC cables. |
4.3.3 Limited awareness and understanding of the benefits of HVDC technology among end-users, hindering market growth. |
5 India HVDC Cables Market Trends |
6 India HVDC Cables Market, By Types |
6.1 India HVDC Cables Market, By Cable Type |
6.1.1 Overview and Analysis |
6.1.2 India HVDC Cables Market Revenues & Volume, By Cable Type, 2021 - 2031F |
6.1.3 India HVDC Cables Market Revenues & Volume, By Overhead Cables, 2021 - 2031F |
6.1.4 India HVDC Cables Market Revenues & Volume, By Underground Cables, 2021 - 2031F |
6.1.5 India HVDC Cables Market Revenues & Volume, By Submarine Cables, 2021 - 2031F |
6.2 India HVDC Cables Market, By Voltage Rating |
6.2.1 Overview and Analysis |
6.2.2 India HVDC Cables Market Revenues & Volume, By Below 320 kV, 2021 - 2031F |
6.2.3 India HVDC Cables Market Revenues & Volume, By 320-500 kV, 2021 - 2031F |
6.2.4 India HVDC Cables Market Revenues & Volume, By Above 500 kV, 2021 - 2031F |
6.3 India HVDC Cables Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 India HVDC Cables Market Revenues & Volume, By Power Transmission, 2021 - 2031F |
6.3.3 India HVDC Cables Market Revenues & Volume, By Grid Integration, 2021 - 2031F |
6.3.4 India HVDC Cables Market Revenues & Volume, By Offshore Wind Farms, 2021 - 2031F |
7 India HVDC Cables Market Import-Export Trade Statistics |
7.1 India HVDC Cables Market Export to Major Countries |
7.2 India HVDC Cables Market Imports from Major Countries |
8 India HVDC Cables Market Key Performance Indicators |
8.1 Capacity utilization rate of HVDC cables in India. |
8.2 Number of new HVDC projects initiated in the country. |
8.3 Average transmission efficiency improvement achieved through the use of HVDC cables. |
8.4 Average lifespan of HVDC cables installed in India. |
8.5 Percentage of grid modernization projects using HVDC technology. |
9 India HVDC Cables Market - Opportunity Assessment |
9.1 India HVDC Cables Market Opportunity Assessment, By Cable Type, 2021 & 2031F |
9.2 India HVDC Cables Market Opportunity Assessment, By Voltage Rating, 2021 & 2031F |
9.3 India HVDC Cables Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 India HVDC Cables Market - Competitive Landscape |
10.1 India HVDC Cables Market Revenue Share, By Companies, 2024 |
10.2 India HVDC Cables Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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