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
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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 3.2 Billion |
Market Forecast in 2033 | USD 5.1 Billion |
Market Growth Rate 2025-2033 | 5.3% |
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 Additionally, rapid urbanization and industrialization are leading to the replacement of outdated electrical systems with modern, fire-resistant, and durable cable accessories that enhance power reliability.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.
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.
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:
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:
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:
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:
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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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:
Key Benefits for Stakeholders: