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2021
India Medium Voltage Cable Accessories Market

India Medium Voltage Cable Accessories Market by Product Type (Cable Joints, Connectors, Terminations, Splice, and Other Product Types), Technology (Heat Shrink, Cold Shrink, and Pre-Molded Terminations), and Industry Vertical (Railways (Government and Private), Construction (Real Estate (Hospitality, Institutional, Retail, and Other Real Estates), and Infrastructure (Bridges and Roads)), Private Utilities (Electricity, Telecom, and Other Private Utilities), Cement, Marine, Government Utilities (Electricity, Telecom, and Other Government Utilities), Oil & Gas, Healthcare, Fertilizers, Steel, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2027

A09484
Pages: 127
Jan 2021 | 1440 Views
   
Author(s) : Ruchal Humbare , Vineet Kumar
Tables: 53
Charts: 42
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India Medium Voltage Cable Accessories Market Outlook - 2027

India medium voltage cable accessories market was valued at $746.5 million in 2019, and is projected to reach $1,029.1 million by 2027, registering a CAGR of 5.9% from 2020 to 2027. 

Medium voltage (MV) is a range of electricity distribution system voltages from 3.3kV to 33kV. Cable accessories for medium voltage have similar design and performance requirements as that of cables of same voltage range. Medium voltage cable accessories are an integral part of any electricity distribution network, performing similar basic functions as that of medium voltage cables for which they are installed. Some of the critical factors considered for designing medium voltage cable accessories are insulation material, control of electric stress, protection from environment, and cable connection. 

Medium-Voltage-Cable-Accessories-Market-2019-2027

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The India medium voltage cable accessories market is expected to witness growth during the forecast period, owing to considerable investments in the construction sector. The market for India medium voltage cable accessories is expected to be driven by increase in investments by governments to improve power grid. Moreover, increase in use of underground cables stimulates demand for medium voltage cable accessories. Considering these factors, it is estimated that the India medium voltage cable accessories market would experience a steady growth in the future.

Rise in industrialization and increase in focus on harnessing renewable sources of energy are some of the other drivers for the India medium voltage cable accessories market growth. However, high failure rate of medium voltage cable accessories act as a major restraint for the India medium voltage cable accessories market growth. 

Furthermore, rise in use of e-mobility, government initiatives to make wires and cable industry self-reliant, and surge in number of data centers provide lucrative opportunities for the India medium voltage cable accessories market. 

Emergence of COVID-19 has declined growth rate of market in 2020, and the market is estimated to witness slow growth by the end of 2021. The market was primarily hit by several obstacles created amid the COVID-19 pandemic for the construction industry including availability of resources, contractual obligations, health and safety measures, deliverables, and project delays or cancellations. 

The India medium voltage cable accessories market is analyzed by product type, technology, and industry vertical. On the basis of product type, it is fragmented into cable joints, connectors, terminations, splice, and other product types. The connectors segment dominated the market, in terms of revenue in 2019, and is expected to follow the same trend during the forecast period. On the basis of technology, the market is segregated into heat shrink, cold shrink, and pre-molded terminations. The heat shrink segment dominated the market, in terms of revenue in 2019, and is expected to follow the same trend during the forecast period. By application, the market is divided into railways, construction, private utilities, cement, marine, government utilities, oil & gas, healthcare, fertilizer, steel, and others. The railways segment is further sub-segmented into government and private. The construction segment is further bifurcated into real estate and infrastructure. The real estate segment is further divided into hospitality, institutional, retail, and other real estates. The infrastructure segment is divided into bridges and roads. The private utilities segment is categorized into electricity, telecom, and other private utilities. The government utilities segment is also categorized into electricity, telecom, and other government utilities. The government utilities segment accounted for the highest market share in 2019, and the construction segment is expected to grow at a high
CAGR from 2019 to 2027.

India Medium Voltage Cable Accessories Market
By Product Type

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Cable joints segment is projected as one of the most lucrative segments.

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Top Impacting Factors

Significant impacting factors in the India medium voltage cable accessories market include growth of construction sector, infrastructural development, and installation of renewable source of energy power plants. However, high failure rate of heat shrink cable accessories is expected to hinder the market growth. Conversely, development of smart cities, industrialization, and rise in use of e-mobility, increase in government initiatives, and surge in number of data centers is projected to offer remunerative opportunities to the India medium voltage cable accessories market. Each of these factors is anticipated to have a definite impact on the market during the forecast period.

Competition Analysis

Competitive analysis and profiles of the major India medium voltage cable accessories market players such as 3M India, BBC Cellpack GmbH, Cabseal (Hari Consolidated Pvt. Ltd.), Compaq International (P) Limited, Galathermo Pvt. Ltd., REPL International (Heat Shrink Technologies), Ikebana Engineering Ltd., Nexans, Pfisterer, Raychem RPG, and Yamuna Power Technologies are provided in this report. 

India Medium Voltage Cable Accessories Market
By Technology

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Heat Shrink segment is expected to secure leading position during forecast period.

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the India medium voltage cable accessories market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall India medium voltage cable accessories market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current India medium voltage cable accessories market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the India medium voltage cable accessories market.
  • The report includes the India medium voltage cable accessories market share of key vendors and India medium voltage cable accessories market trends.


Key Market Segments

  • By Product Type
    • Cable Joints
    • Connectors
    • Terminations
    • Splice
    • Other Product Types
  • By Technology
    • Heat Shrink
    • Cold Shrink
    • Pre-molded Terminations
  • By Industry Vertical
    • Railways
      • Government
      • Private
    • Construction
      • Real Estate
      • Infrastructure
    • Private Utilities
      • Electricity
      • Telecom
      • Other Private Utilities
    • Cement
    • Marine
    • Government Utilities
      • Electricity
      • Telecom
      • Other Government Utilities
    • Oil & Gas
    • Healthcare
    • Fertilizer
    • Steel
    • Others


Key Market Players

  • 3M INDIA
  • BEHR BIRCHER CELLPACK BBC AG
  • HARI CONSOLIDATED PVT. LTD.
  • COMPAQ INTERNATIONAL (P) LIMITED
  • GALA GROUP
  • IKEBANA ENGINEERING LTD.
  • NEXANS S.A.
  • PFISTERER
  • RAYCHEM RPG
  • REPL INTERNATIONAL
  • YAMUNA POWER TECHNOLOGIES
 

Chapter 1:Introduction

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

Chapter 2:Executive summary

2.1.CXO perspective

Chapter 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets

3.3.Porter’s five forces analysis
3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Increase in investments by governments to improve power grid
3.4.1.2.Increase in use of underground cables
3.4.1.3.Growth in investments in construction sector

3.4.2.Restraint

3.4.2.1.High failure rate of medium voltage cable accessories

3.4.3.Opportunities

3.4.3.1.Rise in use of e-mobility
3.4.3.2.Government initiatives to makewire and cable industry self-reliant
3.4.3.3.Surge in number of data centers

3.5.COVID Impact

3.5.1.Impact on market size
3.5.2.Impact on product pricing
3.5.3.End user trends, preferences, and budget impact
3.5.4.Key player strategies

3.5.4.1.Limiting cuts to R&D expense
3.5.4.2.Focusing on next-generation products
3.5.4.3.Shifting toward agile supply chain model

3.5.5.Opportunity window

3.6.Market Share Analysis, 2019

Chapter 4:India medium voltage cable accessories Market, By PRODUCT type

4.1.Overview
4.2.Cable Joints

4.2.1.Key market trends, growth factors, and opportunities

4.3.Connectors

4.3.1.Key market trends, growth factors, and opportunities

4.4.Terminations

4.4.1.Key market trends, growth factors, and opportunities

4.5.Splice

4.5.1.Key market trends, growth factors, and opportunities

4.6.Other Product Types

4.6.1.Key market trends, growth factors, and opportunities

Chapter 5:India medium voltage cable accessories Market, BY Technology

5.1.Overview
5.2.Heat Shrink

5.2.1.Key market trends, growth factors, and opportunities

5.3.Cold Shrink

5.3.1.Key market trends, growth factors, and opportunities

5.4.Pre-molded terminations

5.4.1.Key market trends, growth factors, and opportunities

Chapter 6:India medium voltage cable accessories Market, BY Industry Vertical

6.1.Overview
6.2.Railways

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Government
6.2.3.Private

6.3.Construction

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Real Estate
6.3.3.Infrastructure

6.4.Private Utilities

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Electricity
6.4.3.Telecom
6.4.4.Other Private Utilities

6.5.Cement

6.5.1.Key market trends, growth factors, and opportunities

6.6.Marine

6.6.1.Key market trends, growth factors, and opportunities

6.7.Government Utilities

6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Electricity
6.7.3.Telecom
6.7.4.Other Government Utilities

6.8.Oil & Gas

6.8.1.Key market trends, growth factors, and opportunities

6.9.Healthcare

6.9.1.Key market trends, growth factors, and opportunities

6.10.Fertilizer

6.10.1.Key market trends, growth factors, and opportunities

6.11.Steel

6.11.1.Key market trends, growth factors, and opportunities

6.12.Others

6.12.1.Key market trends, growth factors, and opportunities

Chapter 7:COMPANY PROFILES

7.1.3M INDIA

7.1.1.Company overview
7.1.2.Key Executives
7.1.3.Company snapshot
7.1.4.Operating business segments
7.1.5.Product portfolio
7.1.6.Business performance

7.2.BEHR BIRCHER CELLPACK BBC AG

7.2.1.Company overview
7.2.2.Key executives
7.2.3.Company snapshot
7.2.4.Operating business segments
7.2.5.Product portfolio
7.2.6.Business Performance

7.3.HARI CONSOLIDATED PVT. LTD.

7.3.1.Company overview
7.3.2.Key Executives
7.3.3.Company snapshot
7.3.4.Operating business segments
7.3.5.Product portfolio
7.3.6.Business performance

7.4.COMPAQ INTERNATIONAL (P) LIMITED

7.4.1.Company overview
7.4.2.Key Executives
7.4.3.Company snapshot
7.4.4.Operating business segments
7.4.5.Product portfolio
7.4.6.Business performance

7.5.GALA GROUP

7.5.1.Company overview
7.5.2.Key Executives
7.5.3.Company snapshot
7.5.4.Operating business segments
7.5.5.Product portfolio
7.5.6.Business performance

7.6.IKEBANA ENGINEERING LTD.

7.6.1.Company overview
7.6.2.Key Executives
7.6.3.Company snapshot
7.6.4.Operating business segments
7.6.5.Product portfolio

7.7.NEXANS S.A.

7.7.1.Company overview
7.7.2.Key executives
7.7.3.Company snapshot
7.7.4.Operating business segments
7.7.5.Product portfolio
7.7.6.R&D expenditure
7.7.7.Business performance

7.8.PFISTERER

7.8.1.Company overview
7.8.2.Key Executives
7.8.3.Company snapshot
7.8.4.Operating business segments
7.8.5.Product portfolio
7.8.6.Business performance

7.9.RAYCHEM RPG

7.9.1.Company overview
7.9.2.Key Executives
7.9.3.Company snapshot
7.9.4.Operating business segments
7.9.5.Product portfolio
7.9.6.Business performance

7.10.REPL INTERNATIONAL

7.10.1.Company overview
7.10.2.Key Executives
7.10.3.Company snapshot
7.10.4.Operating business segments
7.10.5.Product portfolio
7.10.6.Business performance

7.11.YAMUNA POWER TECHNOLOGIES

7.11.1.Company overview
7.11.2.Key Executives
7.11.3.Company snapshot
7.11.4.Operating business segments
7.11.5.Product portfolio
7.11.6.Business performance

LIST OF TABLES

TABLE 01.INDIA MEDIUM VOLTAGE CABLE ACCESSORIES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 02.INDIA MEDIUM VOLTAGE CABLE ACCESSORIES MARKET, BY TECHNOLOGY, 2019–2027($MILLION)
TABLE 03.INDIA MEDIUM VOLTAGE CABLE ACCESSORIES MARKET, BY INDUSTRY VERTICAL, 2019–2027($MILLION)
TABLE 04.INDIA MEDIUM VOLTAGE CABLE ACCESSORIES MARKET FOR RAILWAYS, BY SUB-SEGMENT, 2019–2027 ($MILLION)
TABLE 05.INDIA MEDIUM VOLTAGE CABLE ACCESSORIES MARKET FOR CONSTRUCTION, BY SUB-SEGMENT, 2019–2027 ($MILLION)
TABLE 06.INDIA MEDIUM VOLTAGE CABLE ACCESSORIES MARKET FOR REAL ESTATE, BY SUB-SEGMENT, 2019–2027 ($MILLION)
TABLE 07.INDIA MEDIUM VOLTAGE CABLE ACCESSORIES MARKET FOR INFRASTRUCTURE, BY SUB-SEGMENT, 2019–2027 ($MILLION)
TABLE 08.INDIA MEDIUM VOLTAGE CABLE ACCESSORIES MARKET FOR PRIVATE UTILITIES, BY SUB-SEGMENT, 2019–2027 ($MILLION)
TABLE 09.INDIA MEDIUM VOLTAGE CABLE ACCESSORIES MARKET FOR GOVERNMENT UTILITIES, BY SUB-SEGMENT, 2019–2027 ($MILLION)
TABLE 10.KEY EXECUTIVES
TABLE 11.3M INDIA: COMPANY SNAPSHOT
TABLE 12.3M INDIA: OPERATING SEGMENTS
TABLE 13.3M INDIA: PRODUCT PORTFOLIO
TABLE 14.KEY EXECUTIVES
TABLE 15.BEHR BIRCHER CELLPACK BBC AG: COMPANY SNAPSHOT
TABLE 16.BEHR BIRCHER CELLPACK BBC AG: OPERATING SEGMENTS
TABLE 17.BEHR BIRCHER CELLPACK BBC AG: PRODUCT PORTFOLIO
TABLE 18.KEY EXECUTIVES
TABLE 19.HARI CONSOLIDATED PVT. LTD.: COMPANY SNAPSHOT
TABLE 20.HARI CONSOLIDATED PVT. LTD.: OPERATING SEGMENTS
TABLE 21.HARI CONSOLIDATED PVT. LTD.: PRODUCT PORTFOLIO
TABLE 22.KEY EXECUTIVES
TABLE 23.COMPAQ INTERNATIONAL (P) LIMITED: COMPANY SNAPSHOT
TABLE 24.COMPAQ INTERNATIONAL (P) LIMITED: OPERATING SEGMENTS
TABLE 25.COMPAQ INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 26.KEY EXECUTIVES
TABLE 27.GALA GROUP: COMPANY SNAPSHOT
TABLE 28.GALA GROUP: OPERATING SEGMENTS
TABLE 29.GALA GROUP: PRODUCT PORTFOLIO
TABLE 30.KEY EXECUTIVES
TABLE 31.IKEBANA ENGINEERING LTD.: COMPANY SNAPSHOT
TABLE 32.IKEBANA ENGINEERING LTD.: OPERATING SEGMENTS
TABLE 33.IKEBANA ENGINEERNG LTD.: PRODUCT PORTFOLIO
TABLE 34.KEY EXECUTIVES
TABLE 35.NEXANS: COMPANY SNAPSHOT
TABLE 36.NEXANS: OPERATING SEGMENTS
TABLE 37.NEXANS: PRODUCT PORTFOLIO
TABLE 38.KEY EXECUTIVES
TABLE 39.PFISTERER: COMPANY SNAPSHOT
TABLE 40.PFISTERER: OPERATING SEGMENTS
TABLE 41.PFISTERER: PRODUCT PORTFOLIO
TABLE 42.KEY EXECUTIVES
TABLE 43.RAYCHEM RPG: COMPANY SNAPSHOT
TABLE 44.RAYCHEM RPG: OPERATING SEGMENTS
TABLE 45.RAYCHEM RPG: PRODUCT PORTFOLIO
TABLE 46.KEY EXECUTIVES
TABLE 47.REFL INTERNATIONAL: COMPANY SNAPSHOT
TABLE 48.REFL INTERNATIONAL.: OPERATING SEGMENTS
TABLE 49.REFL INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 50.KEY EXECUTIVES
TABLE 51.YAMUNA POWER TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 52.YAMUNA POWER TECHNOLOGIES: OPERATING SEGMENTS
TABLE 53.YAMUNA POWER TECHNOLOGIES: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY, BY SEGMENTATION
FIGURE 03.TOP IMPACTING FACTORS
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.LOW TO MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06.MODERATE TO HIGH THREAT OF NEW ENTRANTS
FIGURE 07.LOW THREAT OF SUBSTITUTES
FIGURE 08.MODERATE TO HIGH INTENSITY OF RIVALRY
FIGURE 09.MODERATE BARGAINING POWER OF BUYERS
FIGURE 10.MARKET SHARE ANALYSIS, 2019
FIGURE 11.INDIA MEDIUM VOLTAGE CABLE ACCESSORIES MARKET SHARE, BY PRODUCT TYPE, 2019–2027 (%)
FIGURE 12.INDIA MEDIUM VOLTAGE CABLE ACCESSORIES MARKET SHARE, BY TECHNOLOGY, 2019–2027 (%)
FIGURE 13.INDIA MEDIUM VOLTAGE CABLE ACCESSORIES MARKET SHARE, BY INDUSTRY VERTICAL, 2019–2027 (%)
FIGURE 14.3M INDIA: REVENUE, 2018–2020 ($MILLION)
FIGURE 15.3M INDIA: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 16.3M INDIA: REVENUE SHARE FOR CABLE ACCESSORIES, 2018 (%)
FIGURE 17.3M INDIA: REVENUE SHARE FOR CABLE ACCESSORIES, 2019 (%)
FIGURE 18.BEHR BIRCHER CELLPACK BBC AG: REVENUE SHARE FOR CABLE ACCESSORIES, 2018 (%)
FIGURE 19.BEHR BIRCHER CELLPACK BBC AG: REVENUE SHARE FOR CABLE ACCESSORIES, 2019 (%)
FIGURE 20.HARI CONSOLIDATED PVT. LTD.: REVENUE SHARE FOR CABLE ACCESSORIES, 2018 (%)
FIGURE 21.HARI CONSOLIDATED PVT. LTD.: REVENUE SHARE FOR CABLE ACCESSORIES, 2019 (%)
FIGURE 22.COMPAQ INTERNATIONAL (P) LIMITED: REVENUE SHARE FOR CABLE ACCESSORIES, 2018 (%)
FIGURE 23.COMPAQ INTERNATIONAL (P) LIMITED: REVENUE SHARE FOR CABLE ACCESSORIES, 2019 (%)
FIGURE 24.GALA GROUP: REVENUE SHARE FOR CABLE ACCESSORIES, 2018 (%)
FIGURE 25.GALA GROUP: REVENUE SHARE FOR CABLE ACCESSORIES, 2019 (%)
FIGURE 26.IKEBANA ENGINEERNG LTD.: REVENUE SHARE FOR CABLE ACCESSORIES, 2018 (%)
FIGURE 27.IKEBANA ENGINEERNG LTD.: REVENUE SHARE FOR CABLE ACCESSORIES, 2019 (%)
FIGURE 28.R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 29.NEXANS S.A.: REVENUE, 2017-2019 ($MILLION)
FIGURE 30.NEXANS S.A.: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 31.NEXANS S.A.: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 32.NEXANS REVENUE SHARE FOR CABLE ACCESSORIES, 2018 (%)
FIGURE 33.NEXANS: REVENUE SHARE FOR CABLE ACCESSORIES, 2019 (%)
FIGURE 34.PFISTERER: REVENUE SHARE FOR CABLE ACCESSORIES, 2018 (%)
FIGURE 35.PFISTERER: REVENUE SHARE FOR CABLE ACCESSORIES, 2019 (%)
FIGURE 36.RAYCHEM RPG: REVENUE SHARE FOR CABLE ACCESSORIES, 2018 (%)
FIGURE 37.RAYCHEM RPG: REVENUE SHARE FOR CABLE ACCESSORIES, 2019 (%)
FIGURE 38.REFL INTERNATIONAL: REVENUE, 2019–2020 ($MILLION)
FIGURE 39.REFL INTERNATIONAL: REVENUE SHARE FOR CABLE ACCESSORIES, 2018 (%)
FIGURE 40.REFL INTERNATIONAL: REVENUE SHARE FOR CABLE ACCESSORIES, 2019 (%)
FIGURE 41.YAMUNA POWER TECHNOLOGIES: REVENUE SHARE FOR CABLE ACCESSORIES, 2018 (%)
FIGURE 42.YAMUNA POWER TECHNOLOGIES: REVENUE SHARE FOR CABLE ACCESSORIES, 2019 (%)

 
 

The medium voltage cable accessories market in India is anticipated to gain momentum during the forecast period, owing to various favorable conditions in different industry verticals. For instance, global trends of industrialization and urbanization have significant impact on India and has resulted in tremendous growth of the construction sector. It has not only increased growth rate of the real estate sector, but also public infrastructure. Besides, there is a growth in emphasis on developing robust and reliable transmission and distribution network of electricity all over the country, thereby meeting rapidly rising demand for reliable and sustainable power. 

Moreover, the government of India is keenly implementing initiatives along with the private sector market players to attain overall economic growth sustainably. For instance, the Power Ministry of India issued new norms to promote green transmission cables, which enhances upgradation of networks that eventually fuels demand for medium voltage cable accessories. In addition, the government has identified potential of market players and aimed to make the wire and cable industry self-reliant. Consequently, it boosts sales of domestic players and create lucrative opportunities for export of medium voltage cable accessories globally.

Various leading manufacturers such as 3M India, BBC Cellpack GmbH, Cabseal (Hari Consolidated Pvt. Ltd.), Compaq International (P) Limited, Galathermo Pvt. Ltd., REPL International (Heat Shrink Technologies), Ikebana Engineering Ltd., Nexans, Pfisterer, Raychem RPG, and Yamuna Power Technologies occupy a prominent revenue share in the India medium voltage cable accessories market.
 

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