India Power Cables Market Size, Share, and COVID-19 Impact Analysis, By Installation (Overhead, Underground, and Submarine Cables), By Material (Copper and Aluminium), By End-Use (Power, Oil and Gas, Chemical, Manufacturing, Metals and Mining, Infrastructure, Transportation, and Others), and India Power Cables Market Insights, Industry Trend, Forecasts to 2035

India Power Cables Market Size Insights Forecasts to 2035

• The India Power Cables Market Size Was Estimated at USD 6.12 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 5.21% from 2025 to 2035
• The India Power Cables Market Size is Expected to Reach USD 10.7 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, The India Power Cables Market Size is anticipated to Reach USD 10.7 Million by 2035, Growing at a CAGR of 5.21% from 2025 to 2035. The market is fueled by rapid expansion of power infrastructure, rising investments in transmission and distribution networks, increasing renewable energy integration, growing industrialization, smart grid development, rural electrification initiatives, and supportive government policies promoting reliable and efficient power connectivity across India.

Market Overview

The India power cables market operates as a system which produces and distributes insulated electrical cables that enable safe electricity transmission throughout residential areas and commercial spaces and industrial sites and utility operations. The cables are designed to transmit electrical power through multiple voltage ranges while maintaining their ability to withstand both heat and environmental forces. The production process requires the use of conductive metals copper and aluminum which workers combine with insulating materials and protective compounds that include PVC and XLPE and rubber to create products that deliver enhanced performance and flexibility and extended durability.

The market experiences consistent growth because of increasing electricity demand and urban development and major infrastructure projects. The demand for advanced fire-resistant cable solutions increases due to rising investments in renewable energy projects and smart grids and underground cabling and high-voltage transmission lines. Business operators face several opportunities because of industrial automation and real estate development and growing electric vehicle infrastructure. The government initiatives which support rural electrification and power sector modernization and renewable energy integration and domestic manufacturing initiatives have enhanced market opportunities. The India Power Cables market will experience sustained growth because of ongoing infrastructure development and energy transition initiatives.

Report Coverage

This research report categorizes the market for the India power cables market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges The India power cables market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the India power cables market.

Driving Factors

The India power cables market is experiencing constant growth because electricity usage is increasing in residential areas and commercial spaces and industrial facilities. The need for dependable electrical transmission systems is growing because of urban population growth and infrastructure development and extensive building projects. The rising use of solar energy and wind power as renewable energy sources is driving the need for cable installations. Government initiatives that promote rural electrification and smart grid development and power sector modernization are creating stronger market conditions. The development of electric vehicle charging stations is producing fresh business opportunities that will continue to drive market expansion.

Restraining Factors

The India power cables market is pinched by the intense competition from low-cost imports, fluctuations in raw material prices, and a high dependence on imported components. Public awareness about electrical safety products is low, rural infrastructure development is slow, and the time taken for approvals of new products is longer, which hampers the adoption of advanced and innovative cable solutions.

Market Segmentation

The India power cables market share is classified into installation, material and end-use.

• The overhead segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The India power cables market is segmented by installation into overhead, underground, and submarine cables. Among these, the overhead segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This segment leads as it offers lower installation costs, faster deployment, easy maintenance, wide applicability across urban and rural areas, and reliable performance for electricity transmission and distribution networks.

• The copper segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. 

The India power cables market is segmented by material into copper and aluminum. Among these, the copper segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. This segment begins with copper being an excellent conductor of electricity, very durable, having high resistance to heat, and being easy to maintain. All these properties make copper the best material for power transmission.

• The power segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The India power cables market is segmented by end-use into power, oil and gas, chemical, manufacturing, metals and mining, infrastructure, transportation, and others. Among these, the power segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This segment leads as rising electricity demand, grid modernization, renewable energy integration, expanding transmission and distribution networks, and large-scale infrastructure projects are driving increased installation of power cables across India.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the India. Market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Polycab
• RR Kabel Ltd.
• Finolex Cables Inc
• Havells India Ltd
• KEI Industries Ltd
• Tortek India Private Ltd
• Plaza Cables Electric Private Limited
• Universal Cables Ltd.
• V-Guard Industries Ltd
• Gupta Power Infrastructure Ltd
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the Indian, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the India power cables market based on the below-mentioned segments:

India Power Cables Market, By Installation

• Overhead
• Underground
• Submarine Cables 

India Power Cables Market, By Material

• Copper
• Aluminum

India Power Cables Market, By End-Use

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