Product Code: ETC4532665 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India medium voltage cables & accessories market import shipment exhibited robust growth with a significant CAGR from 2020-2024. The growth momentum accelerated notably between 2023 and 2024, indicating a substantial upward trend in market expansion.
The medium voltage cables accessories market in India is experiencing growth as the country continues to upgrade its power infrastructure. Medium voltage cables and their accessories are essential for the efficient distribution of electricity from substations to various end-users. With the expansion of industrial and residential areas, there is a growing need for reliable medium voltage cable systems. The market is benefitting from government investments in urbanization and infrastructure development, which require the installation of medium voltage cables and associated accessories. Moreover, the increasing focus on renewable energy integration is boosting the demand for these accessories to ensure the efficient distribution of electricity.
The India Medium Voltage Cables Accessories market is influenced by the need to ensure safe and efficient power distribution at medium voltage levels. These accessories are essential for the reliability of distribution networks. As India continues to expand its urban areas and industrial zones, the demand for medium voltage cable accessories grows.
The medium voltage cables accessories market in India faces several challenges. One significant concern is the need for grid infrastructure upgrades to accommodate medium voltage cables effectively. Many parts of India still rely on older and less robust grid systems, limiting the deployment of medium voltage cables and their accessories. The cost of medium voltage cables and related accessories is relatively high, which can be a barrier to entry for certain industries and regions. Additionally, ensuring proper insulation, protection, and maintenance of medium voltage cables can be complex and costly. Regulatory standards and compliance also need attention to support the growth of the medium voltage cables accessories market in India.
The COVID-19 pandemic disrupted the India Medium Voltage Cables Accessories Market as construction and infrastructure projects were delayed. However, as investments in electrical infrastructure continue to grow and industries seek reliable power distribution solutions, the market is expected to recover in the post-pandemic period.
Medium voltage cables are essential for power distribution, and prominent players like Polycab, Havells, and KEI Industries offer a variety of accessories and components to support medium voltage cable infrastructure in India.
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 Medium Voltage Cables & Accessories Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Medium Voltage Cables & Accessories Market Revenues & Volume, 2021 & 2031F |
3.3 India Medium Voltage Cables & Accessories Market - Industry Life Cycle |
3.4 India Medium Voltage Cables & Accessories Market - Porter's Five Forces |
3.5 India Medium Voltage Cables & Accessories Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.6 India Medium Voltage Cables & Accessories Market Revenues & Volume Share, By Products, 2021 & 2031F |
3.7 India Medium Voltage Cables & Accessories Market Revenues & Volume Share, By Voltage Range, 2021 & 2031F |
4 India Medium Voltage Cables & Accessories Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing investments in infrastructure projects in India |
4.2.2 Growing urbanization and industrialization |
4.2.3 Government initiatives to boost renewable energy projects |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Intense competition in the market |
4.3.3 Regulatory challenges and compliance requirements |
5 India Medium Voltage Cables & Accessories Market Trends |
6 India Medium Voltage Cables & Accessories Market, By Types |
6.1 India Medium Voltage Cables & Accessories Market, By Installation |
6.1.1 Overview and Analysis |
6.1.2 India Medium Voltage Cables & Accessories Market Revenues & Volume, By Installation, 2021-2031F |
6.1.3 India Medium Voltage Cables & Accessories Market Revenues & Volume, By Overhead, 2021-2031F |
6.1.4 India Medium Voltage Cables & Accessories Market Revenues & Volume, By Underground, 2021-2031F |
6.1.5 India Medium Voltage Cables & Accessories Market Revenues & Volume, By Submarine, 2021-2031F |
6.2 India Medium Voltage Cables & Accessories Market, By Products |
6.2.1 Overview and Analysis |
6.2.2 India Medium Voltage Cables & Accessories Market Revenues & Volume, By MI, 2021-2031F |
6.2.3 India Medium Voltage Cables & Accessories Market Revenues & Volume, By XLPE Cables, 2021-2031F |
6.2.4 India Medium Voltage Cables & Accessories Market Revenues & Volume, By Terminations, 2021-2031F |
6.2.5 India Medium Voltage Cables & Accessories Market Revenues & Volume, By Joints, 2021-2031F |
6.3 India Medium Voltage Cables & Accessories Market, By Voltage Range |
6.3.1 Overview and Analysis |
6.3.2 India Medium Voltage Cables & Accessories Market Revenues & Volume, By 1??5 kV 17.3, 2021-2031F |
6.3.3 India Medium Voltage Cables & Accessories Market Revenues & Volume, By 6??13 kV 25.6, 2021-2031F |
6.3.4 India Medium Voltage Cables & Accessories Market Revenues & Volume, By 23 kV 17.4, 2021-2031F |
6.3.5 India Medium Voltage Cables & Accessories Market Revenues & Volume, By 34 kV 23.6, 2021-2031F |
6.3.6 India Medium Voltage Cables & Accessories Market Revenues & Volume, By 45 kV 5.4, 2021-2031F |
6.3.7 India Medium Voltage Cables & Accessories Market Revenues & Volume, By 69 kV 10.6, 2021-2031F |
7 India Medium Voltage Cables & Accessories Market Import-Export Trade Statistics |
7.1 India Medium Voltage Cables & Accessories Market Export to Major Countries |
7.2 India Medium Voltage Cables & Accessories Market Imports from Major Countries |
8 India Medium Voltage Cables & Accessories Market Key Performance Indicators |
8.1 Average project size for medium voltage cable installations |
8.2 Growth rate of renewable energy projects in India |
8.3 Adoption rate of smart grid technologies in the country |
9 India Medium Voltage Cables & Accessories Market - Opportunity Assessment |
9.1 India Medium Voltage Cables & Accessories Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.2 India Medium Voltage Cables & Accessories Market Opportunity Assessment, By Products, 2021 & 2031F |
9.3 India Medium Voltage Cables & Accessories Market Opportunity Assessment, By Voltage Range, 2021 & 2031F |
10 India Medium Voltage Cables & Accessories Market - Competitive Landscape |
10.1 India Medium Voltage Cables & Accessories Market Revenue Share, By Companies, 2024 |
10.2 India Medium Voltage Cables & Accessories Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |