The demand for cables will rise as a result of the expansion of India's residential and commercial sectors, which would also raise the country's power demand. The nation's middle-class population is expanding, which is raising demand for more housing. The accessibility of cheap labour in this nation has increased its attractiveness to global businesses looking for new markets to enter. This is motivating businesses in the construction sector to spend money on building and infrastructure-related projects. With the rise in government initiatives to provide electricity and the growth of the residential and commercial sectors, the demand for cables will increase.

Another element boosting the Indian market for electrical equipment is the expansion of cross-border electricity trading. Many residents of countries like Bangladesh, Nepal, and Myanmar lack access to electricity due to inadequate power-producing capacity in these countries.

 A significant barrier to economic growth and the eradication of poverty is the absence of access to energy. Therefore, international trade in electricity contributes significantly to economic growth and development by lowering energy prices, resolving power outages, reducing power shocks, and facilitating decarbonization for market expansion and integration. India's need for equipment for power generation and distribution would rise as a result. As a result, the market for electricity will expand as cross-border trading increases.

India has set a strong goal to reach 450 GW of renewable energy capacity by 2030 and 175 GW by 2022. Newer equipment will be needed to increase RE capacity, and local players are working to meet that need locally.

The number of cyberattacks, such as network attacks by hackers and cybercriminals, is rising in India. During cyberattacks, hackers can attack the IT systems to cause infrastructural damage and breakdown of power supply, resulting in an outage. One type of cyberattack common to power systems is false data injection (FDI). A successful FDI attack on IT systems can cause an imbalance between power consumption and power generation in a grid. This can lead to a deviation of the frequency in the grid from its nominal value. 

Any deviation in frequency caused by an FDI attack spreads across the entire grid and triggers remedial actions, such as disconnecting customer loads or generators. Such actions can damage the equipment, and cascading failures can lead to massive power blackouts. Thus, the threat posed by cyberattacks on the power industry can hamper the growth of the market in focus during the forecast period.

To conclude,with various policies and schemes, along with new research and development India is gradually moving towards achieving its goal and setting new trends in the electrical sector.