India Power Cables Market 2033

India Power Cables Market Size, Share, Trends, and Forecast by Installation, Voltage, Material, End-Use Sector, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A30195

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India Power Cables Market Overview:

The India power cables market size reached USD 6.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 9.5 Billion by 2033, exhibiting a growth rate (CAGR) of 5% during 2025-2033. The market is growing due to rising investments in transmission infrastructure, renewable energy expansion, and urban electrification projects. An increasing demand for high-voltage, fire-resistant, and underground cables is driving innovation, ensuring efficient energy transmission, reduced losses, and enhanced grid reliability across industrial and residential sectors.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 6.1 Billion
Market Forecast in 2033	USD 9.5 Billion
Market Growth Rate 2025-2033	5%

India Power Cables Market Trends:

Increasing Investments in Power Infrastructure and Grid Modernization

The India power cables market is witnessing substantial growth due to rising investments in power infrastructure and grid modernization. With the Indian government’s focus on strengthening transmission and distribution networks, the demand for high-quality power cables is increasing across urban and rural regions. Initiatives such as the Revamped Distribution Sector Scheme (RDSS) and Green Energy Corridor projects are driving large-scale installations of high-voltage and ultra-high-voltage power cables to enhance grid reliability. For instance, in November 2024, the Revamped Distribution Sector Scheme (RDSS) announced sanction of projects worth INR 2.77 lakh crore for loss reduction and smart metering, with 17% physical progress. Additionally, the push for smart grid technology is accelerating the adoption of fiber-optic power cables for improved monitoring and automation. Moreover, rising investments in underground cable networks in urban areas, aimed at minimizing power losses and improving aesthetics, are fueling market growth. With private and public sector collaborations boosting infrastructure projects, the demand for durable, high-performance power cables is expected to remain strong, ensuring efficient energy transmission across India.

India Power Cables Market Size

Expansion of Renewable Energy and Demand for Specialized Cables

The rapid expansion of renewable energy projects is creating significant demand for specialized power cables in India. As the country aims to achieve 500 GW of non-fossil fuel capacity by 2030, solar and wind energy projects are scaling up, driving the need for high-efficiency, weather-resistant power cables. For instance, in March 2025, India's Oil and Natural Gas Corporation (ONGC) announced the acquisition of the clean energy company PTC Energy for ₹9.25 billion ($106 million). PTC Energy operates 288 MW of wind capacity across three states, which aims to support India’s target of reaching 500 GW of non-fossil fuel capacity by 2030. Solar farms require DC solar cables that can withstand extreme temperatures and UV exposure, while wind power installations need flexible, high-durability cables to handle mechanical stress and harsh environmental conditions. Additionally, the integration of battery storage systems with renewable power plants is leading to an increased need for high-performance energy storage cables that can manage fluctuating loads. Hybrid power cable solutions, combining electrical and fiber-optic components for data transmission, are also gaining traction in smart renewable installations. As India continues expanding its solar parks, offshore wind projects, and hybrid energy systems, the market for specialized power cables is set to grow, ensuring efficient transmission and long-term reliability of green energy infrastructure.

India Power Cables Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on installation, voltage, material, and end-use sector.

Installation Insights:

Overhead
Underground
Submarine Cables

The report has provided a detailed breakup and analysis of the market based on the installation. This includes overhead, underground, and submarine cables.

Voltage Insights:

High
Medium
Low

A detailed breakup and analysis of the market based on the voltage have also been provided in the report. This includes high, medium, and low.

Material Insights:

Copper
Aluminum

A detailed breakup and analysis of the market based on the material have also been provided in the report. This includes copper and aluminum.

End-Use Sector Insights:

Power
Oil and Gas
Chemical
Manufacturing
Metals and Mining
Infrastructure
Transportation
Others

The report has provided a detailed breakup and analysis of the market based on the end-use sector. This includes power, oil and gas, chemical, manufacturing, metals and mining, infrastructure, transportation, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Power Cables Market News:

In November 2023, Finolex Cables announced plans to commission a new electrical cable plant in Urse, Maharashtra, by March 2024, focusing on high thermal stability applications such as solar power and automobiles.
In October 2024, NKT, a Denmark-based power cable manufacturer, announced the expansion in India by opening a new office in Chennai and strengthening operations in Gurugram and Mumbai. It aims to support offshore wind and interconnector projects, positioning itself as a key supplier for renewable energy infrastructure.

India Power Cables Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Installation Voltage Material End-Use Sector Region
Installations Covered	Overhead, Underground, Submarine Cables
Voltages Covered	High, Medium, Low
Materials Covered	Copper, Aluminum
End-Use Sectors Covered	Oil and Gas, Chemical, Manufacturing, Metals and Mining, Infrastructure, Transportation, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India power cables market performed so far and how will it perform in the coming years?
What is the breakup of the India power cables market on the basis of installation?
What is the breakup of the India power cables market on the basis of voltage?
What is the breakup of the India power cables market on the basis of material?
What is the breakup of the India power cables market on the basis of end-use sector?
What is the breakup of the India power cables market on the basis of region?
What are the various stages in the value chain of the India power cables market?
What are the key driving factors and challenges in the India power cables market?
What is the structure of the India power cables market and who are the key players?
What is the degree of competition in the India power cables market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India power cables market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India power cables market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India power cables industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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