India Wires and Cables Market Report and Forecast 2024-2032
Market Report I 2024-06-20 I 204 Pages I EMR Inc.
India Wires and Cables Market Report and Forecast 2024-2032
Market outlook
According to the report by Expert Market Research (EMR), the India wires and cables market size reached a value of USD 1,083.71 billion in 2023. Aided by the increasing demand for reliable and efficient power transmission solutions and the growing applications of wires and cables across various sectors, the market is projected to further grow at a CAGR of 14.5% between 2024 and 2032 to reach a value of USD 3,655.81 billion by 2032.
Wires and cables are critical components in the infrastructure of power transmission and distribution systems. They are used for transmitting electricity, signals, and data across various applications, including residential, commercial, industrial, and telecommunications sectors. The market is experiencing significant growth due to rapid industrialisation, urbanisation, and the expansion of the power and telecommunications sectors.
The increasing demand for reliable and efficient power transmission solutions is driving the India wires and cables market growth. With the rising population and rapid urbanisation, there is a significant need for robust infrastructure to support electricity distribution and transmission. Wires and cables play a crucial role in ensuring the reliability and efficiency of power transmission systems, driving their demand in the Indian market.
The expansion of the telecommunications sector also plays a significant role in the market's growth. As India continues to witness a surge in internet penetration and the adoption of digital technologies, there is a growing need for efficient data transmission solutions. Wires and cables are essential components in the telecommunications infrastructure, ensuring seamless connectivity and high-speed data transmission.
The expanding applications of wires and cables in various sectors significantly contribute to the wires and cables market in India. In the power sector, wires and cables are widely used for transmitting electricity from power plants to end-users, including residential, commercial, and industrial consumers. The increasing investments in power generation and distribution infrastructure have boosted the demand for wires and cables in the power sector.
In the construction sector, wires and cables are used for electrical wiring in residential, commercial, and industrial buildings. The rapid urbanization and the increasing number of construction projects in India have driven the demand for wires and cables in the construction sector. Additionally, the increasing focus on smart cities and the adoption of smart technologies in building infrastructure have boosted the demand for advanced wiring solutions, consequently driving up the India wires and cables market share.
Copper wires and cables represent the largest segment, driven by their excellent electrical conductivity and durability. Aluminium wires and cables are also significant, offering a cost-effective alternative for power transmission and distribution. Fiber optic cables are gaining momentum for their use in telecommunications and data transmission, providing high-speed and reliable connectivity.
As per the India wires and cables market analysis, low voltage cables represent the largest segment, driven by the high demand for residential and commercial electrical wiring. Medium and high voltage cables are also significant segments, catering to the power transmission and distribution needs in industrial and infrastructure projects. Extra high voltage cables are gaining traction for their use in large-scale power transmission projects, including renewable energy and grid integration.
Market Segmentation
The market can be divided based on voltage, product, material, end use, and region
Market Breakup by Voltage
- Low Voltage
- Medium Voltage
- High Voltage
Market Breakup by Product
- Power Cables
- Building Wires
- Flexible Wires and Cables
- EHV Cables
- Control/Instrumentation Cables
- Others
Market Breakup by Material
- Copper
- Aluminium
- Others
Market Breakup by End Use
- Construction
o Residential
o Commercial
- Telecommunications
- Energy and Power
- Automotive
- Aerospace and Defence
- Others
Market Breakup by Region
- North India
- South India
- East India
- West India
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in India wires and cables market. some of the major players explored in the report by expert market research are as follows:
- Polycab India Limited
- KEI Industries Limited
- R R Kabel Ltd.
- Universal Cable Limited
- Gloster Cables Limited
- Finolex Cables Ltd.
- V-Guard Industries Ltd.
- Havells India Ltd.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 India Power Generation and Consumption Outlook
9 India Wire and Cable Supply Outlook
9.1 Manufacturing Capacity of Wires and Cables for Some Key Market Players
9.2 Demand in CKM
9.3 Import and Export
9.4 Raw Material Price Overview
10 India Wires and Cables Market Overview
10.1 Key Industry Highlights
10.2 India Wires and Cables Historical Market (2018-2023)
10.3 India Wires and Cables Market Forecast (2024-2032)
11 India Wires and Cables Market by Voltage
11.1 Low Voltage
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Medium Voltage
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 High Voltage
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 India Wires and Cables Market by Product
12.1 Power Cables
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Building Wires
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Flexible Wires and Cables
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 EHV Cables
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Control/Instrumentation Cables
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 India Wires and Cables Market by Material
13.1 Copper
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Aluminium
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Others
14 India Wires and Cables Market by End Use
14.1 Construction
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.1.3 Market by Type
14.1.3.1 Residential
14.1.3.2 Commercial
14.2 Telecommunications
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Energy and Power
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Automotive
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Aerospace and Defence
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Others
15 India Wires and Cables Market by Region
15.1 North India
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.1.3 Market by Leading States
15.1.3.1 Haryana
15.1.3.2 Punjab
15.1.3.3 Uttar Pradesh
15.1.3.4 Delhi
15.1.3.5 Others
15.2 South India
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
15.2.3 Market by Leading States
15.2.3.1 Tamil Nadu
15.2.3.2 Karnataka
15.2.3.3 Telangana
15.2.3.4 Andhra Pradesh
15.2.3.5 Others
15.3 East India
15.3.1 Historical Trend (2018-2023)
15.3.2 Forecast Trend (2024-2032)
15.3.3 Market by Leading States
15.3.3.1 Chhattisgarh
15.3.3.2 Odisha
15.3.3.3 Sikkim
15.3.3.4 West Bengal
15.3.3.5 Others
15.4 West India
15.4.1 Historical Trend (2018-2023)
15.4.2 Forecast Trend (2024-2032)
15.4.3 Market by Leading States
15.4.3.1 Goa
15.4.3.2 Gujarat
15.4.3.3 Maharashtra
15.4.3.4 Others
16 Market Dynamics
16.1 SWOT Analysis
16.1.1 Strengths
16.1.2 Weaknesses
16.1.3 Opportunities
16.1.4 Threats
16.2 Porter's Five Forces Analysis
16.2.1 Supplier's Power
16.2.2 Buyer's Power
16.2.3 Threat of New Entrants
16.2.4 Degree of Rivalry
16.2.5 Threat of Substitutes
16.3 Key Indicators for Demand
16.4 Key Indicators for Price
17 Competitive Landscape
17.1 Market Structure
17.2 Market Share of Leading Players
17.3 Company Profiles
17.3.1 Polycab India Limited
17.3.1.1 Company Overview
17.3.1.2 Product Portfolio
17.3.1.3 Demographic Reach and Achievements
17.3.1.4 Certifications
17.3.2 KEI Industries Limited
17.3.2.1 Company Overview
17.3.2.2 Product Portfolio
17.3.2.3 Demographic Reach and Achievements
17.3.2.4 Certifications
17.3.3 R R Kabel Ltd.
17.3.3.1 Company Overview
17.3.3.2 Product Portfolio
17.3.3.3 Demographic Reach and Achievements
17.3.3.4 Certifications
17.3.4 Universal Cable Limited
17.3.4.1 Company Overview
17.3.4.2 Product Portfolio
17.3.4.3 Demographic Reach and Achievements
17.3.4.4 Certifications
17.3.5 Gloster Cables Limited
17.3.5.1 Company Overview
17.3.5.2 Product Portfolio
17.3.5.3 Demographic Reach and Achievements
17.3.5.4 Certifications
17.3.6 Finolex Cables Ltd.
17.3.6.1 Company Overview
17.3.6.2 Product Portfolio
17.3.6.3 Demographic Reach and Achievements
17.3.6.4 Certifications
17.3.7 V-Guard Industries Ltd
17.3.7.1 Company Overview
17.3.7.2 Product Portfolio
17.3.7.3 Demographic Reach and Achievements
17.3.7.4 Certifications
17.3.8 Havells India Ltd.
17.3.8.1 Company Overview
17.3.8.2 Product Portfolio
17.3.8.3 Demographic Reach and Achievements
17.3.8.4 Certifications
17.3.9 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India Wires and Cables Market: Key Industry Highlights, 2018 and 2032
2. India Wires and Cables Historical Market: Breakup by Voltage (INR Billion), 2018-2023
3. India Wires and Cables Market Forecast: Breakup by Voltage (INR Billion), 2024-2032
4. India Wires and Cables Historical Market: Breakup by Product (INR Billion), 2018-2023
5. India Wires and Cables Market Forecast: Breakup by Product (INR Billion), 2024-2032
6. India Wires and Cables Historical Market: Breakup by Material (INR Billion), 2018-2023
7. India Wires and Cables Market Forecast: Breakup by Material (INR Billion), 2024-2032
8. India Wires and Cables Historical Market: Breakup by End Use (INR Billion), 2018-2023
9. India Wires and Cables Market Forecast: Breakup by End Use (INR Billion), 2024-2032
10. India Wires and Cables Historical Market: Breakup by Region (INR Billion), 2018-2023
11. India Wires and Cables Market Forecast: Breakup by Region (INR Billion), 2024-2032
12. India Wires and Cables Market Structure
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