India Wires And Cables Market (2024-2030) | Industry, Outlook, Size, Share, Forecast, Value, Growth, Revenue, COVID-19 IMPACT, Trends, Analysis & Companies

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 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Wires and Cables Market Shipment Analysis

India Wires and Cables Market registered a growth of 15.09% in value shipments in 2022 as compared to 2021 and a decrease of -1.64% CAGR in 2022 over a period of 2017. In Wires and Cables Market India is becoming more competitive as the HHI index in 2022 was 2006 while in 2017 it was 3198. 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 less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Wires and Cables Market.

India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Wires and Cables Market in 2022 was 0.8 while in 2017 it was 2.21. China, Malaysia, Japan, USA and Rep. of Korea were among the top players of the market in 2022, where China acquired the largest market share of 39.21% with a shipment value of 64.49 million USD in 2022 China also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Wires and Cables Market. In 2017 China had the largest market share of 54.23% with the shipment value of 85.56 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although China offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the India Wires and Cables Market in 2017.

India Wires And Cables Market Competition 2023


India Export Potential Assessment For Wires and Cables Market (USD Values in Thousand)


Topics Covered in the India Wires And Cables Market Report

India Wires And Cables Market report thoroughly covers the market by voltages, installation, products, material, and 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 Synopsis

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 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.

According to 6Wresearch, India's Wires And Cables Market size is projected to experience a CAGR of 14.2% during the forecast period 2024-2030. India's 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. 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 a 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.

Wires and Cables Market in India: Leading Companies

India across the world is currently the second-largest producer of wires and cables. Some of the major companies that are dominating this market are:

  • Finolex
  • Polycab
  • Havells
  • KEI Industries

India Wires and Cables Industry: Government Initiatives

To support the growth of India's wires and cables market, the government of India has launched many initiatives in recent years. The government's Make in India program has a purpose to promote domestic manufacturing by offering financial as well as other incentives to manufacturers. The investment scheme was also introduced to boost growth and create employment opportunities. Another major scheme introduced by the Indian government is the UDAY scheme, and it focuses on reviving and reforming the debt-ridden power distribution players. The scheme offers a platform for the financial turnaround and operational enhancement of power distribution companies with the support of state governments.

Market Segmentation 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.

Market Segmentation by Installation

By installation, the overhead segment attained the highest share in the past few years.  The overhead segment had a significant market revenue share due to its low price and installation cost.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 11 Years of Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Historical data of India wires and cables market revenues for the period 2020-2030
  • India wires and cables market size and market forecast of revenues, until 2030F
  • Historical data of India wires and cables market revenues, by voltages, for the period 2020-2030
  • India wires and cables market size and market forecast of revenues, by voltages, until 2030F
  • Historical data of India wires and cables market revenues, by installation, for the period 2020-2030
  • India wires and cables market size and market forecast of revenues, by installation, until 2030F
  • Historical data of India wires and cables market revenues, by products, for the period 2020-2030
  • India wires and cables market size and market forecast of revenues, by products, until 2030F
  • Historical data of India wires and cables market revenues, by material, for the period 2020-2030
  • India wires and cables market size and market forecast of revenues, by material, until 2030F
  • Historical data of India wires and cables market revenues, by end user, for the period 2020-2030
  • India wires and cables market size and market forecast of revenues, by end user, until 2030F
  • Historical data of India wires and cables market revenues, by region, for the period 2020-2030
  • India wires and cables market size and market forecast of revenues, by region, until 2030F
  • Market Drivers and Restraints.
  • Market Trends and Developments.
  • Player Market Share and Competitive Landscape.
  • Company Profiles.
  • Strategic Recommendations.

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Voltage

  • Low Voltage (Up to 1,000 V)
  • Medium Voltage (1,000.1 V - 35 kV)
  • High Voltage (35.1 kV - 240 kV)
  • Extra High Voltage (Above 240 kV)

By Installation

  • Overhead
  • Underground

By Products

  • Fiber Optic Cable
  • Co-Axial Cable
  • Other Cables (Twisted Pair Cable, Non-Metallic and Metallic Sheathed Cable)

By Material

  • Copper
  • Aluminium
  • Glass

By End Users

  • Aerospace & Defence
  • Building & Construction
  • Oil & Gas
  • Energy & Power
  • IT & Telecommunication
  • Others (Manufacturing, Consumer Electronics and Automotive)
India Wires And Cables Market (2024-2030): FAQ
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The underground segment is the leading market segment in the overall market revenues in the year 2019.
Fiber Optic Wires segment is expected to record key growth throughout the forecast period 2024-2030.
The key players in the market include- Apar Industries Ltd., Finolex Cables Ltd., Havells India Ltd., KEI Industries Ltd., Panasonic Corp., Polycab India Ltd., RR Kabel Ltd., Sterlite Power Transmission Ltd.
6Wresearch has a database of more than 60 countries globally, which can make us your first choice of all your research needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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, 2023
3.3. India Wires and Cables Market - Porter’s Five Forces, 2023
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, 2020 - 2030F
6.1.2. India Medium Voltage Wires and Cables Market Revenues, 2020 - 2030F
6.1.3. India High Voltage Wires and Cables Market Revenues, 2020 - 2030F
6.1.4. India Extra High Voltage Wires and Cables Market Revenues, 2020 - 2030F
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, 2020 - 2030F
7.1.2. India Underground Wires and Cables Market Revenues, 2020 - 2030F
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, 2020 - 2030F
8.1.2. India Co-Axial Wires and Cables Market Revenues, 2020 - 2030F
8.1.3. India Other Wires and Cables Market Revenues, 2020 - 2030F
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, 2020 - 2030F
9.1.2. India Aluminum Wires and Cables Market Revenues, 2020 - 2030F
9.1.3. India Glass Wires and Cables Market Revenues, 2020 - 2030F
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, 2020 - 2030F
10.1.2. India Building & Construction Wires and Cables Market Revenues, 2020 - 2030F
10.1.3. India Oil & Gas Wires and Cables Market Revenues, 2020 - 2030F
10.1.4. India Energy & Power Wires and Cables Market Revenues, 2020 - 2030F
10.1.5. India IT & Telecommunication Wires and Cables Market Revenues, 2020 - 2030F
10.1.6. India Other Wires and Cables Market Revenues, 2020 - 2030F
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, 2030F
12.2. India Wires and Cables Market Opportunity Assessment, By Installation, 2030F
12.3. India Wires and Cables Market Opportunity Assessment, By-Products, 2030F
12.4. India Wires and Cables Market Opportunity Assessment, By Materials, 2030F
12.5. India Wires and Cables Market Opportunity Assessment, By End Users, 2030F
13. Competitive Landscape
13.1. India Wires and Cables Market Revenue Share Ranking, By Company, 2023
14. Company Profiles
15. Key Strategic Recommendations
16. Disclaimer

Australia Wires And Cables Market (2020-2026): 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

China Wires And Cables Market (2020-2026): 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

Indonesia Wires And Cables Market (2020-2026): 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

Singapore Wires And Cables Market (2020-2026): 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

Thailand Wires And Cables Market (2020-2026): 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

Vietnam Wires And Cables Market (2020-2026): 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

Asia-Pacific (APAC) Wires and Cables Market (2019-2025): 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), By Countries (India, China, Japan, Australia, Indonesia, Malaysia, Thailand And Rest of Asia Pacific) And Competitive Landscape. 

Europe Wires and Cables Market (2019-2025): 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), By Countries (Germany, Italy, France, United Kingdom And Rest of Europe) And Competitive Landscape.

Global Wires and Cables Market (2019-2025): 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), By Countries (Germany, Italy, France, United Kingdom And Rest of Europe) And Competitive Landscape.

Latin America Wires and Cables Market (2019-2025): 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), By Countries (Mexico, Brazil, Argentina And Rest of Latin America) And Competitive Landscape.

North America Wires and Cables Market (2019-2025): 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), By Countries (United States, Canada, Rest of North America) And Competitive Landscape. 

Middle East and Africa (MEA) Wires and Cables Market (2019-2025): 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), By Countries (Saudi Arabia, Egypt, UAE, Turkey, Kuwait, Qatar, Oman, South Africa, Nigeria, Bahrain And Rest of the Middle East and Africa) And Competitive Landscape.

 

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.

India Wires And Cables Market

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

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2016 to 2020.
  • Base Year: 2019
  • Forecast Data until 2026.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Historical data of India wires and cables market revenues for the period 2016-2019
  • India wires and cables market size and market forecast of revenues, until 2026F
  • Historical data of India wires and cables market revenues, by voltages, for the period 2016-2019
  • India wires and cables market size and market forecast of revenues, by voltages, until 2026F
  • Historical data of India wires and cables market revenues, by installation, for the period 2016-2019
  • India wires and cables market size and market forecast of revenues, by installation, until 2026F
  • Historical data of India wires and cables market revenues, by products, for the period 2016-2019
  • India wires and cables market size and market forecast of revenues, by products, until 2026F
  • Historical data of India wires and cables market revenues, by material, for the period 2016-2019
  • India wires and cables market size and market forecast of revenues, by material, until 2026F
  • Historical data of India wires and cables market revenues, by end user, for the period 2016-2019
  • India wires and cables market size and market forecast of revenues, by end user, until 2026F
  • Historical data of India wires and cables market revenues, by region, for the period 2016-2019
  • India wires and cables market size and market forecast of revenues, by region, until 2026F
  • Market Drivers and Restraints.
  • Market Trends and Developments.
  • Player Market Share and Competitive Landscape.
  • Company Profiles.
  • Strategic Recommendations.

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

  • By Voltages
    • Low Voltage
    • Medium Voltage
    • High Voltage
    • Extra-High Voltage
  • By Installation
    • Overhead
    • Underground

  • By Products
    • Fiber Optic Cable
    • Co-Axial Cable
    • Other Cables
  • By Material
    • Copper
    • Aluminum
    • Glass
  • By End Users
    • Aerospace & Defense
    • Building & Construction
    • Oil & Gas
    • Energy & Power
    • IT & Telecommunication
    • Others
  • By Region
    • Central
    • Western
    • Eastern
    • Southern

Other Key Reports Available:

  • Indonesia Wires and Cables Market (2020-2026F)
  • Singapore Wires and Cables Market (2020-2026F)

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