Market Report By Voltages (Low Voltage, Medium Voltage, High Voltage, Extra High Voltage), By Installation (Overhead, Underground), By Products (Fiber Optic Cable, Co-axial Cable And Other Cables), By Material (Copper, Aluminium, Glass), By End Users (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication And Others) And Competitive Landscape
Product Code: ETC131486 | Publication Date: Dec 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Wires And Cables market currently, in 2023, has witnessed an HHI of 2006, Which has decreased slightly as compared to the HHI of 3198 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | India Wires And Cables Market |
Forecast Period | 2025-2031 |
CAGR | 5.8% |
Growing Sector | Energy |
India Wires and Cables Market report thoroughly covers the market by Product Type, by Voltage, by Installation, by Material and by End Users. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Wires and Cables Market plays a crucial role in supporting the nation's infrastructure and industrial growth. This sector acts alike the backbone of power distribution, telecommunications, construction, and a variety of manufacturing activities. With increasing urbanization and technological advancements, the demand for reliable and efficient wiring solutions has grown exponentially. The market is characterized by both organized and unorganized players, offering products ranging from low-voltage cables to high-voltage transmission lines. Government initiatives such as electrification projects, smart city developments, and renewable energy synergies further boost the industry's expansion, making it a critical component of India economic progress.
According to 6Wresearch, the India Wires and Cables Market is projected to gain traction, reaching at a CAGR of 5.8% during the forecast period 2025-2031. This growth is driven by rapid urbanization, expanding industrialization, and the surge in infrastructure development. This thriving sector spans a diverse range of products, including power cables, communication cables, and specialty cables, designed to serve key industries such as energy, telecommunications, construction, and automotive. The market's growth is further bolstered by government initiatives like "Make in India," along with large-scale investments in ambitious projects such as smart cities, renewable energy developments, and rural electrification programs. These efforts have created a rising demand for reliable, high-quality wires and cables that can support India evolving infrastructure and technological needs.
In addition to the growing demand, advancements in technology have revolutionized the industry. Modern-day requirements for safety and efficiency have led to the development of innovative solutions, such as fire-resistant and low-smoke cables, which are increasingly becoming the standard in construction and industrial sectors. Furthermore, the rapid adoption of renewable energy sources such as solar and wind power has heightened the need for specialized cables capable of operating in harsh environmental conditions, ensuring durability and performance in extreme settings.
Sustainability and energy efficiency have also become central to the market's direction, with businesses focusing on creating products that meet these emerging priorities. However, the journey is not without its challenges. The industry faces fluctuating raw material prices and fierce competition, pushing market players to innovate continuously and adopt cost-effective manufacturing strategies. Companies that can strike a balance between innovation, quality, and affordability will find themselves well-positioned to thrive in this evolving landscape. India Wires and Cables Market in India holds immense potential. With the nation's infrastructure needs expanding and the emphasis on clean energy growing stronger, the demand for cutting-edge cable solutions is expected to only accelerate. This sector remains a critical pillar of India growth story, powering industries and enabling progress across the country.
India wires and cables market is currently shaped by several evolving trends such as:
With rapid urbanization and industrialization, India is witnessing a surge in power demand. This is driving the need for high-quality wires and cables to support expanding power grids and energy projects.
The government’s push for renewable energy sources like solar and wind is increasing the demand for specialized cables. These cables are essential for transmitting clean energy efficiently and reliably.
The market is seeing a shift towards advanced materials and smarter cable solutions. Innovations like fire-resistant and eco-friendly cables are becoming more popular as safety and sustainability gain focus.
The booming real estate sector, with new residential and commercial projects, is supplying the need for wires and cables in construction. This includes both traditional electrical wiring and modern networking cables.
Government schemes like “Make in India” and investments in infrastructure are accelerating market growth. Initiatives for rural electrification and smart city projects are creating significant demand.
India manufacturers are increasingly targeting international markets. Competitive pricing and improved quality standards are helping India wire and cable products gain traction globally.
Investors have opportunities in various sectors, including the development of high-voltage power cables, optic fiber cables for telecommunications, and specialized cables for electric vehicles. Some of the key opportunities include:
India is witnessing extensive infrastructure expansion, including the construction of highways, railways, airports, and smart cities. These large-scale projects are driving continuous demand for wires and cables, presenting promising growth potential for stakeholders in this sector.
The government's strong emphasis on sustainable energy solutions, such as solar and wind energy, has resulted in increased investments in renewable energy projects. This surge in demand for efficient power transmission systems creates a strong market for advanced wires and cables.
Rising urbanization and government-backed initiatives like "Housing for All" have accelerated residential, commercial, and industrial construction activities. This directly fuels the need for reliable wiring and cabling infrastructure.
Key industrial sectors such as automotive, manufacturing, and IT are expanding rapidly in India. This growth requires high-quality electrical and data transmission cables to support their operational needs, offering opportunities for innovative product solutions.
The shift towards digitization and smart technologies in various industries boosts demand for specialized cables, such as fiber optics and fire-resistant wires. Businesses focused on research and innovation are well-positioned to cater to these emerging needs.
Favourable government policies, such as increased foreign investment limits and subsidies for domestic manufacturers, enhance the ease of doing business. This supportive environment encourages global and local companies to partake in the growing market.
The global economic environment plays a significant role in shaping the trajectory of the India Wires and Cables Market Growth. Fluctuations in raw material prices, such as copper and aluminium, directly impact production costs, influencing the pricing strategies of manufacturers. Additionally, international trade policies and tariffs affect the import and export dynamics of essential components, further contributing to market volatility. Currency exchange rate fluctuations also have a direct impact on the cost of procuring raw materials and machinery. The demand for wires and cables is closely tied to infrastructure development and the energy sector, both of which are influenced by global economic trends. For example, a slowdown in the global economy could delay large-scale infrastructure projects, affecting domestic demand. However, global investments in renewable energy can create opportunities for India, given its growing emphasis on clean energy. Furthermore, advancements in technology and the global push for smart infrastructure are fostering innovation in the wires and cables segment, elevating competitiveness in the India market. Understanding and adapting to these global economic factors is crucial for the sustainable growth of the industry.
India Wires and Cables Market in India is witnessing rapid advancements driven by emerging technologies and innovation. With the increasing adoption of smart grids and renewable energy systems, manufacturers are focusing on creating durable, efficient, and eco-friendly solutions. The integration of Internet of Things (IoT) in modern infrastructure has further enhanced demand for advanced cabling systems to support connectivity. Innovations such as fire-resistant and high-voltage cables are catering to safety and industrial needs. Additionally, government initiatives encourage local production and technological advancements. Growth in sectors such as telecommunications and construction are significantly contributing to market expansion. These trends underline a dynamic shift towards modernized, sustainable, and high-performance wiring solutions in the country.
India Wires and Cables Market plays a critical role in supporting the country’s growing infrastructure and industrial development. Manufacturing in this domain has seen significant advancements, driven by rising demand in sectors like power, telecommunications, construction, and automotive. With the push towards electrification and sustainable energy sources, there is a notable shift toward high-performance and energy-efficient cables. Additionally, government initiatives such as “Make in India” and increased foreign investments have further boosted local manufacturing capabilities. The adoption of advanced technologies and automation is driving productivity, enhancing the quality of products to meet international standards. Challenges like fluctuating raw material prices and competition remain, yet the market continues to evolve rapidly with robust potential for growth. Consumer focus on reliable and safe products, combined with stringent regulatory measures, is fostering innovation across the sector. Overall, the India Wires and Cables Market is well-positioned for consistent expansion, supported by economic growth and technological advancements.
The India Wires and Cables Market in India is a dynamic and competitive industry driven by rapid industrialization, urbanization, and infrastructure development. Leading players such as Polycab India Limited, Finolex Cables, KEI Industries, Havells India, and RR Kabel play key roles in driving growth and innovation. Polycab India Limited is known for its diverse range of power, communication, and household cables, while Finolex Cables has established itself as a trusted name with its superior quality electrical and communication products. KEI Industries excels in high-tension, low-tension, and specialty cables, focusing on technological advancements for large-scale projects. Havells India, a leader in electrical solutions, emphasizes safety and energy efficiency, catering to modern consumer demands. RR Kabel brings a global outlook with high-quality, eco-friendly products that meet international standards. Together, these companies are shaping the future of the India Wires and Cables Market, enhancing connectivity and meeting the diverse needs of the nation.
The wire and cable industry in India operates under a framework of stringent government regulations to ensure safety, quality, and reliability. The Bureau of India Standards (BIS) plays a pivotal role in setting mandatory standards for manufacturing and testing wires and cables. For instance, compliance with ISI certification is essential for products like power cables and household wiring, ensuring they meet predefined safety and performance criteria. Additionally, regulations emphasize the use of fire-retardant and halogen-free materials to enhance safety in residential and commercial spaces.
To address environmental concerns, manufacturers must also adhere to eco-friendly practices, such as the RoHS (Restriction of Hazardous Substances) guidelines, which limit the use of harmful chemicals in production. Furthermore, the Electrical Inspectorate and other governmental bodies routinely inspect and monitor installations to maintain public safety. These regulations not only protect consumers but also encourage innovation and sustainability within the industry. Understanding and following these standards has become crucial for businesses aiming to thrive in India fast-growing infrastructure and energy sectors.
The future of India Wires and Cables industry is looking brighter than ever. With rapid advancements in technology, growing urbanization, and a strong push towards renewable energy, the demand for high-quality and durable cables is expected to rise significantly. Big investments in infrastructure and the expansion of power transmission networks are driving this growth, while initiatives like Smart Cities and rural electrification are transforming how energy is delivered across the country. Also, the industry’s shift towards eco-friendly and energy-efficient solutions, reflecting global trends and sustainability goals. As India continues to modernize and embrace green energy, the India Wires and Cables Market is poised for remarkable growth in the years ahead. It’s an exciting time for the industry, and the possibilities are endless!
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Kapil, Senior Research Analyst, 6Wresearch, the low voltage cables are expected to lead the wire and cables market from 2025 to 2031. This growth is driven by the increasing demand for electricity in residential and commercial sectors, rapid urbanization, and infrastructure development. Medium and high voltage cables will see steady growth, propelled by industrial expansion and investments in power generation and distribution. Extra high voltage cables are likely to gain traction, particularly in large-scale energy projects and grid modernization initiatives.
The underground installation segment is projected to grow significantly in India wire and cables market during 2025-2031. This is due to increasing investments in smart cities, urban infrastructure, and the need for reliable, safe power transmission in densely populated areas. Overhead installations will continue to dominate rural and semi-urban areas, driven by their cost-effectiveness and ease of maintenance, ensuring a balanced market dynamic.
Fiber optic cables are expected to dominate the India wire and cables market share, driven by the rapid adoption of high-speed internet, 5G deployment, and the growing IT & telecommunication sector. Co-axial cables will maintain relevance in niche applications, while other cable types, including hybrid and specialty cables, are likely to expand as industries demand customized solutions for specific needs.
Copper cables are anticipated to dominate the market owing to their high conductivity, durability, and reliability in diverse applications. Aluminium will witness steady growth due to its cost-effectiveness, particularly in power distribution and large-scale infrastructure projects. Glass-based cables, driven by advancements in fiber optic technology, will continue to expand alongside growing demand for high-speed data transmission.
The energy & power sector is expected to lead the wire and cables market in India during 2025-2031, driven by increasing power generation capacity, renewable energy projects, and transmission upgrades. The building & construction sector will also see significant growth, supported by urbanization and housing projects. IT & telecommunication is poised for rapid expansion due to rising connectivity needs, while aerospace & defence, oil & gas, and other industrial sectors will provide steady demand for specialized cable solutions.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights |
2.2. Market Scope & Segmentation |
2.3. Research Methodology |
2.4. Assumptions |
3. India Wires and Cables Market Overview |
3.1. India Wires and Cables Market Revenues |
3.2. India Wires and Cables Market - Industry Life Cycle, 2024 |
3.3. India Wires and Cables Market - Porter’s Five Forces, 2024 |
3.4. India Wires and Cables Market Revenue Share, By Voltage |
3.5. India Wires and Cables Market Revenue Share, By Installation |
3.6. India Wires and Cables Market Revenue Share, By-Products |
3.7. India Wires and Cables Market Revenue Share, By Materials |
3.8. India Wires and Cables Market Revenue Share, By End Users |
4. India Wires and Cables Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. India Wires and Cables Market Trend |
6. India Wires and Cables Market Overview, By Voltages |
6.1. India Wires and Cables Market Revenues, By Voltages |
6.1.1. India Low Voltage Wires and Cables Market Revenues, 2021 - 2031F |
6.1.2. India Medium Voltage Wires and Cables Market Revenues, 2021 - 2031F |
6.1.3. India High Voltage Wires and Cables Market Revenues, 2021 - 2031F |
6.1.4. India Extra High Voltage Wires and Cables Market Revenues, 2021 - 2031F |
7. India Wires and Cables Market Overview, By Installation |
7.1. India Wires and Cables Market Revenues, By Installation |
7.1.1. India Over Head Wires and Cables Market Revenues, 2021 - 2031F |
7.1.2. India Underground Wires and Cables Market Revenues, 2021 - 2031F |
8. India Wires and Cables Market Overview, By-Products |
8.1. India Wires and Cables Market Revenues, By-Products |
8.1.1. India Fiber Optic Wires and Cables Market Revenues, 2021 - 2031F |
8.1.2. India Co-Axial Wires and Cables Market Revenues, 2021 - 2031F |
8.1.3. India Other Wires and Cables Market Revenues, 2021 - 2031F |
9. India Wires and Cables Market Overview, By Material |
9.1. India Wires and Cables Market Revenues, By Material |
9.1.1. India Copper Wires and Cables Market Revenues, 2021 - 2031F |
9.1.2. India Aluminum Wires and Cables Market Revenues, 2021 - 2031F |
9.1.3. India Glass Wires and Cables Market Revenues, 2021 - 2031F |
10. India Wires and Cables Market Overview, By End Users |
10.1. India Wires and Cables Market Revenues, By End Users |
10.1.1. India Aerospace & Defense Wires and Cables Market Revenues, 2021 - 2031F |
10.1.2. India Building & Construction Wires and Cables Market Revenues, 2021 - 2031F |
10.1.3. India Oil & Gas Wires and Cables Market Revenues, 2021 - 2031F |
10.1.4. India Energy & Power Wires and Cables Market Revenues, 2021 - 2031F |
10.1.5. India IT & Telecommunication Wires and Cables Market Revenues, 2021 - 2031F |
10.1.6. India Other Wires and Cables Market Revenues, 2021 - 2031F |
11. India Wires and Cables Key Performance Indicators |
12. India Electrical Equipment and Components Market Opportunity Assessment |
12.1. India Wires and Cables Market Opportunity Assessment, By Voltages, 2031F |
12.2. India Wires and Cables Market Opportunity Assessment, By Installation, 2031F |
12.3. India Wires and Cables Market Opportunity Assessment, By-Products, 2031F |
12.4. India Wires and Cables Market Opportunity Assessment, By Materials, 2031F |
12.5. India Wires and Cables Market Opportunity Assessment, By End Users, 2031F |
13. Competitive Landscape |
13.1. India Wires and Cables Market Revenue Share Ranking, By Company, 2024 |
14. Company Profiles |
15. Key Strategic Recommendations |
16. Disclaimer |
Market Report By Voltages (Low Voltage, Medium Voltage, High Voltage, Extra High Voltage), By Installation (Overhead, Underground), By Products (Fiber Optic Cable, Co-axial Cable And Other Cables), By Material (Copper, Aluminium, Glass), By End Users (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication And Others) And Competitive Landscape
Product Code: ETC131486 | Publication Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India Wires And Cables Market report thoroughly covers the market by voltage, installation, product, material, end-users, and regions including central, western, southern, and eastern regions. The India wires and cables market outlook report provides an unbiased and detailed analysis of the on-going India wires and cables market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Wires and Cables Market Synopsis
India Wires and Cables Market would grow on the back of rapidly growing investment by the government towards the development of infrastructural projects. The development of smart cities in the country along with the increase in electronic devices in the household would increase the demand for wires and cables in the Indian market. The development of manufacturing industries as a part of the Make in India initiative would result in the growth of the wires and cables market during the forecast period. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth.
India wires and cables market is expected to witness progressive growth in the upcoming six years backed by the growing telecommunication sector in the country. The increased number of internet subscribers due to rising internet penetration rapidly from past years is an active contributor to the India wires and cables market growth. On the other side, telecom operators are spending in bulk on the integration of telecom towers in rural areas and all this can be possible with the needful resources for the same and as a result, the use of wires and cables is rising in the telecom sector which tends to ensure better signals through consistent power supply as a result is estimated to strengthen India wires and cables market growth in the forthcoming years. Moreover, the COVID-19 outbreak has stimulated the entire population to work online which has led to a rising need for better connectivity and signals to work efficiently which is expected to instigate the significant demand for better connectivity and for proper integration of the data channels, wires, and cables are in high demand and would benefit the India wires and cables market positively in the coming years.
According to 6Wresearch, India Wires and Cables Market size is projected to grow at CAGR of 6.1% during 2020-2026. The market would witness a decline in 2020 on account of the economic slowdown caused due to COVID-19, however, the market would recover post-2020. The low voltage market portrays dominance in India cable market owing to rapid urbanization synergized by increasing demand for reliable power supply which will encourage product growth in the aforementioned segment. The medium voltage segment is anticipated to grow significantly in terms of revenue share due to its application in the oil and gas industry.
Market Analysis by Voltage
On the basis of voltage, high-voltage cables and wires have gained majority of the dominance in the overall market revenues in 2019. High demand for high voltage cables from end-users such as telecom, power distribution, oil & gas, and aerospace & Defense is expected to be the major factor responsible for the growth of wires and cables over the forecast period. Furthermore, trends in the market such as polymer optic fiber products being widely used in the automotive, aircraft manufacturing, electronics, and other industries apart from the telecommunications industry are also bound to increase the wires and cables market of India during the forecast period.
India wires & cables market is anticipated to gain momentum during the forecast period 2020-26F backed by the rising growth of the industrial landscape in the country. Further, new government policy, the introduction of a new GST regime under which GST on the electric vehicle has been reduced to 12 to 5% which has led to an upsurge in the electric vehicle adoption coupled with two and three-wheelers is also estimated to secure high electrification rate in the upcoming years and is estimated to evolve the general cable and battery cable deployment to ensure continue transmitting of signals with context to driving, therefore, is expected to bolster the continuous growth of wires and cables market in the coming timeframe.
Key Attractiveness of the Report
Key Highlights of the Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
Other Key Reports Available: