India Power Cable Accessories Market Size & Forecast 2033

India Power Cable Accessories Market Size, Share, Trends and Forecast by Product Type, Voltage Range, End-User Industry, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A30182

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India Power Cable Accessories Market Overview:

The India power cable accessories market size reached USD 3.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.1 Billion by 2033, exhibiting a growth rate (CAGR) of 5.3% during 2025-2033. The market is expanding due to rising power infrastructure investments, renewable energy projects, and grid modernization efforts. The demand for high-performance joints, terminations, and surge protection devices is increasing, driven by urbanization, underground cabling, and safety regulations, ensuring efficient and reliable power distribution.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 3.2 Billion
Market Forecast in 2033	USD 5.1 Billion
Market Growth Rate 2025-2033	5.3%

India Power Cable Accessories Market Trends:

Rising Demand for High-Performance Cable Accessories in Transmission and Distribution Networks

The India power cable accessories market is experiencing significant growth due to expanding transmission and distribution infrastructure. As India modernizes its power grid and integrates smart grid technology, the demand for high-quality cable accessories such as joints, terminations, connectors, and surge protection devices is increasing. The government’s Revamped Distribution Sector Scheme (RDSS) is driving large-scale investments in high-voltage underground and overhead cabling projects, requiring advanced insulation and shielding materials to improve efficiency and minimize power losses. 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 Additionally, rapid urbanization and industrialization are leading to the replacement of outdated electrical systems with modern, fire-resistant, and durable cable accessories that enhance power reliability. The widespread adoption of underground power distribution in metro cities is also fueling the demand for heat shrink and cold shrink cable accessories, which ensure secure and long-lasting connections. With continuous advancements in material science and manufacturing technology, the Indian market is witnessing a shift toward more robust, weather-resistant, and high-performance cable accessories, essential for supporting the country’s growing power infrastructure.

India Power Cable Accessories Market Size

Expansion of Renewable Energy Projects Driving Specialized Cable Accessories

The expansion of solar, wind, and hybrid power projects in India is fueling demand for specialized cable accessories designed to withstand extreme weather conditions and ensure uninterrupted energy transmission. As India aims to achieve 500 GW of non-fossil fuel capacity by 2030, large-scale solar farms, offshore wind projects, and energy storage facilities require UV-resistant, corrosion-proof, and high-durability cable connectors, insulators, and terminations. Moreover, the rising adoption of battery energy storage systems (BESS) in renewable energy grids is also increasing the need for high-performance shielding materials and fault indicators that can handle variable power loads efficiently. For instance, in June 2024, BSES Rajdhani Power Limited (BRPL) announced the launch of a project in India that integrates battery energy storage systems (BESS) to effectively manage intermittent power from solar and wind sources. This initiative underscores India’s dedication to improving grid reliability and efficiency in renewable energy integration. Additionally, with government subsidies and incentives promoting renewable integration, power cable accessory suppliers are focusing on product innovation, efficiency improvements, and long-term reliability, ensuring that India’s transition to a sustainable energy mix is well-supported by advanced cable infrastructure.

India Power Cable Accessories 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 product type, voltage range, and end-user industry.

Product Type Insights:

Cable Connectors
Cable Terminations
Cable Joints
Insulating Materials

The report has provided a detailed breakup and analysis of the market based on the product type. This includes cable connectors, cable terminations, cable joints, and insulating materials.

Voltage Range Insights:

Low Voltage
Medium Voltage
High Voltage

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

End-User Industry Insights:

India Power Cable Accessories Market By End-User Industry

Power Generation
Transmission and Distribution
Oil and Gas
Mining
Renewable Energy
Construction
Others

The report has provided a detailed breakup and analysis of the market based on the end-user industry. This includes power generation, transmission and distribution, oil and gas, mining, renewable energy, construction, 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 Cable Accessories Market News:

In March 2024, Raychem RPG announced that the Central Power Research Institute (CPRI) has approved its locally manufactured 245 KV extra high voltage cable accessories (EHVCA). This milestone reduces India's reliance on European imports and strengthens domestic power transmission capabilities under the 'Make in India' initiative.

India Power Cable Accessories 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: Product Type Voltage Range End-User Industry Region
Product Types Covered	Cable Connectors, Cable Terminations, Cable Joints, Insulating Materials
Voltage Ranges Covered	Low Voltage, Medium Voltage, High Voltage
End-Users Industries Covered	Power Generation, Transmission and Distribution, Oil and Gas, Mining, Renewable Energy, Construction, 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 cable accessories market performed so far and how will it perform in the coming years?
What is the breakup of the India power cable accessories Market on the basis of product type?
What is the breakup of the India power cable accessories Market on the basis of voltage range?
What is the breakup of the India India power cable accessories Market on the basis of end-user industry?
What is the breakup of the India power cable accessories Market on the basis of region?
What are the various stages in the value chain of the India power cable accessories market?
What are the key driving factors and challenges in the India power cable accessories market?
What is the structure of the India power cable accessories market and who are the key players?
What is the degree of competition in the India power cable accessories 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 cable accessories market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India power cable accessories 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 cable accessories 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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