The India low voltage cable market size reached USD 4.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.5 Billion by 2033, exhibiting a growth rate (CAGR) of 5.4% during 2025-2033. The market is growing on account of increasing infrastructure projects, urbanization, and renewable energy integration. Moreover, electrification, smart grids, and local manufacturing initiatives by the government push demand even further. Also, advances in insulation and green materials improve cable efficiency, safety, and longevity.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 4.0 Billion |
Market Forecast in 2033 | USD 6.5 Billion |
Market Growth Rate (2025-2033) | 5.4% |
Rising Infrastructure and Urbanization Demand
India's expanding infrastructure industry is propelling the demand for low-voltage cables. Urbanization, government policies such as Smart Cities Mission, and continuous metro rail expansions are fueling demand for effective power distribution systems. In addition, the construction of residential and commercial properties demands stable electrical connections, which enhances the demand for high-performance and robust cables. Further, rural electrification schemes, under initiatives such as Saubhagya, are increasing access to electricity, benefitting market expansion. Manufacturers have launched cables with improved insulation and higher current-carrying capacities in recent years to comply with increasing safety and efficiency requirements. Apart from that, some companies are also emphasizing environmentally friendly and recyclable cable materials in line with sustainability objectives. Growing data centers and telecommunication infrastructure are some of the other drivers of market growth since these industries use high-quality, low-voltage cables for uninterrupted power and data transmission. With ongoing investments in real estate, transport, and industrial growth, the market is anticipated to experience steady growth in the future.
Growing Renewable Energy Integration
The increasing shift toward renewable energy sources is creating a strong demand for low-voltage cables in India. The country's ambitious targets for solar and wind energy capacity expansion require efficient power transmission infrastructure, where low-voltage cables play a crucial role in connecting power generation units to distribution networks. Solar parks, rooftop solar installations, and wind farms depend on durable cables for stable energy transfer. Over the past few years, cable manufacturers have developed advanced insulation technologies to improve performance in harsh environmental conditions, enhancing the lifespan of cables used in renewable energy applications. The government's push for domestic manufacturing through initiatives like "Make in India" has encouraged local production, reducing dependency on imports and ensuring cost-effective supply chains. Additionally, smart grid projects and energy storage solutions are reinforcing the need for reliable low-voltage cabling. As India continues to invest in clean energy and grid modernization, the demand for high-quality voltage cables is set to rise, supporting the transition to a more sustainable energy ecosystem.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on installation, overhead product, underground product, and end-user.
Installation Insights:
The report has provided a detailed breakup and analysis of the market based on the installation. This includes overhead and underground.
Overhead Product Insights:
The report has provided a detailed breakup and analysis of the market based on the overhead product. This includes conductors, fittings and fixtures, and others.
Underground Product Insights:
A detailed breakup and analysis of the market based on the underground product have also been provided in the report. This includes PVC cables, XLPE cables, cable terminations, cable joints, and others.
End-User Insights:
A detailed breakup and analysis of the market based on the end-user have also been provided in the report. This includes infrastructure, industrial, and renewables.
Region Insights:
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.
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.
Report Features | Details |
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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:
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Installations Covered | Overhead, Underground |
Overhead Products Covered | Conductors, Fittings and Fixtures, Others |
Underground Products Covered | PVC Cables, XLPE Cables, Cable Terminations, Cable Joints, Others |
End Users Covered | Infrastructure, Industrial, Renewables |
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:
Key Benefits for Stakeholders: