India Low
Voltage Cable market is expected to grow at a robust pace during the forecast
period, 2024-2028. Low voltage cable refers to an electrical cable designed to
carry voltage levels below 1kV (1000 volts). These cables are commonly used for
power distribution, lighting, control systems, and communication systems in
residential, commercial, and industrial applications. Low voltage cables can be
made from different materials, such as copper or aluminum conductors, and
insulation materials, such as PVC (Polyvinyl Chloride), XLPE (Cross-Linked
Polyethylene), and rubber. The selection of materials depends on the
application, environmental conditions, and specific requirements of the project.
Low voltage cables are available in various types, including armored and
unarmored, single-core and multi-core, screened and unscreened, and different
sizes and configurations. They are designed to meet international standards and
regulations, such as IEC (International Electrotechnical Commission) and IEEE
(Institute of Electrical and Electronics Engineers).
The low voltage
cable market is expected to grow owing to the increasing demand for
electricity, rapid urbanization, and industrialization in developing countries.
Moreover, the adoption of renewable energy sources and smart grid technologies
is expected to boost the demand for low voltage cables in the coming years.
In India, low
voltage cables are widely used for various applications such as power
distribution, lighting, and control systems. These cables typically have a
voltage rating of 1000V or less and are designed to carry electrical energy at
low voltage levels.
There are many
different types of low voltage cables available in India, including, PVC
insulated cables, have a polyvinyl chloride (PVC) insulation and are commonly
used for power distribution, lighting, and control systems. XLPE insulated
cables, have cross-linked polyethylene (XLPE) insulation, and are used for
higher voltage applications, such as power transmission and distribution.
Control cables are used for transmitting control signals in automation and
process control systems. Instrumentation cables are used for transmitting
signals from sensors and instruments to control systems. Flexible cables have
flexible conductors and are used in applications where frequent bending is
required, such as robotics and machine tools.
When selecting
a low voltage cable in India, it is important to consider factors such as the
voltage rating, current carrying capacity, insulation type, and environmental
conditions. It is also important to ensure that the cable meets relevant safety
standards and regulations.
Increasing
demand for energy-efficient solutions
The increasing
demand for energy-efficient solutions has been driving the low voltage cable
market in recent years. As more companies and individuals become aware of the
environmental and economic benefits of using energy-efficient solutions, the
demand for low voltage cables has increased.
Low voltage
cables are an essential component of energy-efficient solutions, such as solar
panels, wind turbines, and electric vehicles. These cables are designed to
transmit electrical power at low voltage levels, typically below 1,000 volts,
with high efficiency and minimal energy loss. They are also more
environment-friendly and cost-effective compared to high voltage cables, which
are typically used in long-distance transmission of electricity.
In addition to
energy-efficient solutions, the low voltage cable market is also driven by
increasing urbanization, industrialization, and the growing demand for reliable
and efficient power transmission systems. As a result, the demand for low
voltage cables is expected to continue to grow in the coming years, as more
countries focus on renewable energy and sustainability.
Growing need
for reliable and safe electrical systems drive the low voltage cable market.
The growing
need for reliable and safe electrical systems is indeed a key driver for the
low voltage cable market. Low voltage cables are used to transmit power and
data in a wide range of applications, including residential, commercial, and
industrial settings.
One of the main
advantages of low voltage cables is that they are designed to operate at
relatively low voltages, which reduces the risk of electrical shock and other
safety hazards. In addition, low voltage cables are often more durable and
reliable than higher voltage cables since they are less susceptible to voltage
fluctuations and other electrical disturbances.
As the demand
for electricity continues to grow, there is an increasing need for safe and
reliable electrical systems. This has led to a growing demand for low voltage
cables, as they are an essential component of many modern electrical systems.
In particular, the growing adoption of renewable energy sources such as solar
and wind power is driving demand for low voltage cables, as these sources
typically generate electricity at low voltages.
In conclusion,
the need for reliable and safe electrical systems is a key driver for the low
voltage cable market, and this demand is expected to continue growing in the
years ahead.
Rapid
urbanization and industrialization
Rapid
urbanization and industrialization are driving the low voltage cable market in
recent years. As cities grow and expand, there is a greater demand for
electricity to power homes, buildings, and infrastructure. This demand for
electricity has resulted in the need for more low voltage cables, which are
used to transmit power from the electrical grid to homes and businesses.
Moreover, with
the increasing industrialization in many countries, there is a greater need for
low voltage cables to power factories, manufacturing plants, and other
industrial facilities. Low voltage cables are used to power a variety of
machinery and equipment, making them an essential component of many industrial
processes.
Furthermore,
the growing demand for renewable energy sources, such as wind and solar power,
also drives the low voltage cable market. These sources of energy require low
voltage cables to transmit power from the generating source to the electrical
grid, where it can be distributed to homes and businesses.
Overall, the
combination of rapid urbanization, industrialization, and the demand for
renewable energy sources has led to a growing need for low voltage cables,
driving the market for these products.
Regulations
of Low Voltage Cables in India
In India, the
regulations for low voltage cables are governed by the Bureau of Indian
Standards (BIS). These standards provide specifications for the construction
materials, dimensions, testing, and marking of low voltage cables. The
standards cover a range of cable types, including PVC insulated cables, XLPE
insulated cables, and elastomer insulated cables.
In addition to
the BIS standards, there are also regulations governing the installation and
use of low voltage cables in India. The Central Electricity Authority (CEA) and
the Ministry of Power have published regulations related to the safety and
quality of electrical installations, including those involving low voltage
cables. These regulations cover issues such as wiring practices, grounding,
protection against electric shock, and equipment testing and certification. It
is important to follow these regulations when installing and using low voltage
cables to ensure safety and reliability.
India Low
Voltage Cable Market Recent Developments
- In 2019, Polycab India Limited, a
leading Indian cable manufacturer, acquired Silvassa Industries Private
Limited, a manufacturer of low voltage cables in India. This acquisition
helped Polycab India to expand its product portfolio and strengthen its
presence in the low voltage cable market.
- In 2020, KEI Industries, a leading
Indian cable manufacturer, acquired Brakewel Automotive Components India
Private Limited, a manufacturer of automotive cables and wires in India.
This acquisition helped KEI Industries to diversify its product portfolio
and enter the automotive cable market.
- In 2020, Finolex Cables Limited, a
leading Indian cable manufacturer, acquired J-Power Systems Corporation's
stake in J-Power Systems India Private Limited, a joint venture between
J-Power Systems Corporation and Sumitomo Electric Industries, Ltd. This
acquisition helped Finolex Cables Limited to expand its product portfolio
and strengthen its presence in the power cable market.
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Market
Segmentation
India Low Voltage
Cable market is segmented based on installation, overhead product, underground
product, and end-users. Based on installation, the market is further bifurcated
into overhead and underground. Based on overhead product, the market is further
segmented into conductors, fittings and fixtures, others. Based on underground
product, the market is further segmented into PVC cables, XLPE cables, cable
terminations, cable joints, and others. Based on end-users, the market is
further segmented into infrastructure, industrial, and renewables.
Market
Players
Some of the key
players in the Indian 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., and V-Guard Industries Ltd.
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Attribute
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Details
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|
Base Year
|
2022
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Historic Data
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2018 –
2021
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Estimated Year
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2023
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Forecast Period
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2024
– 2028
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Quantitative Units
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Revenue in USD Million and CAGR for 2018-2022 and 2024-2028
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Report coverage
|
Revenue
forecast, company share, growth factors, and trends
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|
Segments covered
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By Installation
By Overhead Product
By Underground Product
By End-Users
By Region
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|
Country scope
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India
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Regional scope
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North India, South India, East India, West India
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|
Key companies profiled
|
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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|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
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Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|
Report
Scope:
In this report,
the India Low Voltage Cable market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
- India Low Voltage Cable
Market, By Installation:
o
Overhead
o
Underground
- India Low Voltage Cable
Market, By Overhead Product:
o Conductors
o Fittings and Fixtures
o Others
- India Low Voltage Cable
Market, By Underground Product:
o
PVC
Cables
o
XLPE
Cables
o
Cable
Terminations
o
Cable
Joints
o
Others
- India Low Voltage Cable
Market, By End-Users:
o
Infrastructure
o
Industrial
o
Renewables
- India Low Voltage Cable Market, By
Region:
o
North
India
o
South
India
o
East
India
o
West
India
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in the India Low Voltage Cable market.
Available
Customizations:
With the given
market data, Tech Sci Research offers customizations according to a company's
specific needs. The following customization options are available for the
report:
Company
Information
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additional market players (up to five).
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Low Voltage Cable market is an upcoming report to be released soon. If you wish
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