Press Release

India Low Voltage Cable Market is Expected to Drive Industrial Vertical by 2028

The Low Voltage Cable Market is expected to grow as there is an increase in the government initiatives, during the forecast period of 2024-2028.


According to TechSci Research report, India Low Voltage Cable Market– By Region, Competition Forecast and Opportunities, 2018–2028, the India Low Voltage Cable market is expected to register a robust growth during the forecast period, 2024-2028. The industrial vertical drive low voltage cable market in India refers to the segment of the low voltage cable market that caters to the needs of industrial vertical drive applications. Industrial vertical drive refers to the use of electric motors for industrial machinery and equipment, such as pumps, compressors, fans, and conveyors.


The demand for low voltage cables in industrial vertical drive applications is growing due to the increasing focus on energy efficiency, reliability, and safety in the industrial sector. These cables are designed to withstand harsh industrial environments, provide high performance, and ensure safe and reliable power transmission.


The Indian market for industrial vertical drive low voltage cables is highly competitive, with the presence of both domestic and international players. Some of the key players in the Indian market for industrial vertical drive low voltage cables such as Polycab, KEI Industries, Havells India, Finolex Cables, and RR Kabel.


The market is driven by factors such as increasing industrialization, infrastructure development, and the adoption of automation and Industry 4.0 technologies in the manufacturing sector. Moreover, the growing demand for renewable energy and electric vehicles is expected to boost the demand for low voltage cables during the forecast period.


However, the market is also facing challenges such as the fluctuating prices of raw materials, the high cost of advanced technologies, and the presence of counterfeit products. To remain competitive, manufacturers are investing in research and development to develop innovative products that meet the specific requirements of industrial vertical drive applications.


With the Indian government's focus on increasing renewable energy capacity, there has been a significant increase in the demand for low voltage cables for solar power plants and wind turbines. The Indian government's push for infrastructure development has led to an increase in demand for low voltage cables for various applications such as power transmission and distribution, construction, and manufacturing. The low voltage cable market in India is witnessing a shift toward advanced technologies such as smart cables, which can provide real-time information about the cable's condition, temperature, and load capacity. Major players in the Indian low voltage cable market are investing in research and development to develop innovative products that can withstand harsh environmental conditions and have better durability and reliability. The Indian government has launched various initiatives to boost the manufacturing sector, which has a positive impact on the low voltage cable market. For instance, the 'Make in India' initiative aims to promote manufacturing and attract foreign investment in the country.


Browse over 30 market data Figures spread through 70 Pages and an in-depth TOC on "India Low Voltage Cable Market.”


IoT sensors are used to monitor various parameters of low voltage cables, such as temperature, current, voltage, and insulation resistance. The data collected from these sensors is transmitted to a cloud-based platform, where it is processed and analyzed using data analytics tools. This enables the detection of abnormalities and faults in the cable, allowing for timely maintenance and repair.


Data analytics tools can provide real-time insights into the condition of the low voltage cables, enabling predictive maintenance and reducing the risk of unexpected downtime. This can also help in reducing maintenance costs and increasing the lifespan of the cables.


Additionally, the integration of IoT sensors and data analytics can help in improving safety by detecting potential safety hazards and preventing accidents. For example, by monitoring the temperature of low voltage cables, it is possible to detect overheating, which can lead to a fire.


The adoption of smart technologies in the low voltage cable market is expected to increase in the coming years due to the growing demand for reliable and efficient power distribution systems. This trend is also being driven by the increasing adoption of renewable energy sources and the need for a smarter and more resilient power grid.


Low Voltage Cable market is segmented based on installation, overhead product, underground product, and end-users. On the basis of installation, the market is further bifurcated into overhead and underground. Based on overhead product, the market is further segmented into conductors, fittings and fixtures, and others. Based on underground product, the market is further divided into PVC cables, XLPE cables, cable terminations, cable joints, and others. Based on end-users, the market is further divided into infrastructure, industrial, and renewables.


Key market players in the India Low Voltage Cable market are:

  • Polycab Wires Pvt. Ltd.
  • Sterlite Technologies Ltd.
  • Finolex Cables Ltd.
  • Havells India Ltd.
  • RR Kabel
  • Diamond Power Infrastructure Ltd.
  • KEI Industries Ltd.
  • Gupta Power Infrastructure Ltd.
  • Universal Cables Ltd.
  • V-Guard Industries Ltd


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“The Low Voltage Cable market in India has been growing steadily in recent years due to various factors. The integration of smart technologies such as IoT sensors and data analytics is increasingly being adopted to improve cable monitoring and maintenance in the low voltage cable market. These technologies offer several benefits, including increased efficiency, reduced downtime, improved safety, and cost savings, and is thereby expected to positively influence the low voltage cable market in the country in the coming years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.


“India Low Voltage Cable Market By Installation (Overhead, and Underground), By Overhead Product (Conductors, Fittings and Fixtures, Others), By Underground Product (PVC Cables, XLPE Cables, Cable Terminations, Cable Joints, Others), By End-users (Infrastructure, Industrial, and Renewables), By Region, Competition, Forecast and Opportunities, 2028”
has evaluated the future growth potential of India Low Voltage Cable market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Low Voltage Cable market.


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