Product Code: ETC4522885 | 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 market import shipments demonstrated a substantial growth trend from 2020 to 2024, with a remarkable CAGR of 89.5%. Notably, between 2023 and 2024, the growth rate spiked significantly by 1526.9%, indicating a momentous acceleration in market expansion during that period. The market exhibited strong momentum and robust overall growth throughout the analyzed period.
Medium voltage cables are essential components in the power distribution network, connecting transformers to distribution substations and end-users. The market for medium voltage cables in India has been growing steadily due to increasing urbanization, infrastructure development, and the expansion of renewable energy projects. The demand for reliable and efficient cable solutions continues to rise as the nation`s power infrastructure advances.
The medium voltage cables market in India is primarily driven by the expansion of the power transmission and distribution network. As the country continues to invest in electrification, renewable energy integration, and smart grid projects, the demand for reliable medium voltage cables has surged. The need for efficient and safe power transmission is fostering growth in this market, with a focus on reducing transmission losses.
The medium voltage cables market faces challenges related to insulation, maintenance, and grid expansion. Developing reliable and efficient cable solutions is essential.
The COVID-19 pandemic had a notable impact on the India medium voltage cables market. With lockdowns and restrictions in place, various construction projects were delayed or temporarily halted. As a result, the demand for medium voltage cables decreased, affecting the market. However, the industry showed resilience as the need for reliable electricity distribution remained critical. Companies adapted by implementing safety measures, and the market gradually recovered as construction activities resumed.
Players in the India medium voltage cables market include Polycab India Limited, Havells India, and KEI Industries. These companies manufacture and supply medium voltage cables for various applications, supporting India infrastructure and industrial development.
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 Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Medium-Voltage Cables Market Revenues & Volume, 2021 & 2031F |
3.3 India Medium-Voltage Cables Market - Industry Life Cycle |
3.4 India Medium-Voltage Cables Market - Porter's Five Forces |
3.5 India Medium-Voltage Cables Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
3.6 India Medium-Voltage Cables Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 India Medium-Voltage Cables Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.8 India Medium-Voltage Cables Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 India Medium-Voltage Cables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing investments in infrastructure development projects in India |
4.2.2 Growing adoption of renewable energy sources driving the demand for medium-voltage cables |
4.2.3 Favorable government policies and initiatives promoting electrification and industrial growth |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense market competition leading to pricing pressures |
4.3.3 Regulatory challenges and compliance requirements affecting market entry and operations |
5 India Medium-Voltage Cables Market Trends |
6 India Medium-Voltage Cables Market, By Types |
6.1 India Medium-Voltage Cables Market, By Voltage |
6.1.1 Overview and Analysis |
6.1.2 India Medium-Voltage Cables Market Revenues & Volume, By Voltage, 2021-2031F |
6.1.3 India Medium-Voltage Cables Market Revenues & Volume, By Up to 25kV, 2021-2031F |
6.1.4 India Medium-Voltage Cables Market Revenues & Volume, By 26kV-50kV, 2021-2031F |
6.1.5 India Medium-Voltage Cables Market Revenues & Volume, By 51kV-75kV, 2021-2031F |
6.1.6 India Medium-Voltage Cables Market Revenues & Volume, By 76kV-100kV, 2021-2031F |
6.2 India Medium-Voltage Cables Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 India Medium-Voltage Cables Market Revenues & Volume, By Termination Cables, 2021-2031F |
6.2.3 India Medium-Voltage Cables Market Revenues & Volume, By Joints, 2021-2031F |
6.2.4 India Medium-Voltage Cables Market Revenues & Volume, By XLPE Cables, 2021-2031F |
6.2.5 India Medium-Voltage Cables Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Medium-Voltage Cables Market, By Installation |
6.3.1 Overview and Analysis |
6.3.2 India Medium-Voltage Cables Market Revenues & Volume, By Underground, 2021-2031F |
6.3.3 India Medium-Voltage Cables Market Revenues & Volume, By Submarine, 2021-2031F |
6.3.4 India Medium-Voltage Cables Market Revenues & Volume, By Overhead, 2021-2031F |
6.4 India Medium-Voltage Cables Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 India Medium-Voltage Cables Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.3 India Medium-Voltage Cables Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 India Medium-Voltage Cables Market Revenues & Volume, By Utility, 2021-2031F |
7 India Medium-Voltage Cables Market Import-Export Trade Statistics |
7.1 India Medium-Voltage Cables Market Export to Major Countries |
7.2 India Medium-Voltage Cables Market Imports from Major Countries |
8 India Medium-Voltage Cables Market Key Performance Indicators |
8.1 Average project implementation timeline for infrastructure projects using medium-voltage cables |
8.2 Percentage of energy generation from renewable sources in India |
8.3 Number of government tenders and contracts awarded for electrification projects |
8.4 Average capacity utilization rate of medium-voltage cable manufacturers in India |
8.5 Number of new product innovations and technological advancements in the medium-voltage cable market. |
9 India Medium-Voltage Cables Market - Opportunity Assessment |
9.1 India Medium-Voltage Cables Market Opportunity Assessment, By Voltage, 2021 & 2031F |
9.2 India Medium-Voltage Cables Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 India Medium-Voltage Cables Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.4 India Medium-Voltage Cables Market Opportunity Assessment, By End User, 2021 & 2031F |
10 India Medium-Voltage Cables Market - Competitive Landscape |
10.1 India Medium-Voltage Cables Market Revenue Share, By Companies, 2024 |
10.2 India Medium-Voltage Cables Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |