According to the report, the India wires and cables market reached a value of 21.04 INR billion in 2022. Aided by the extensive infrastructural developments, increasing urbanisation, and technological advancements, the market is projected to further grow at a CAGR of 11.4% between 2023 and 2028 to reach a value of 42.46 INR billion by 2028.
Wires and cables, the indispensable veins of modern infrastructure, are central to the transmission of electrical and communication signals. Serving varied domains from real estate to the telecommunications sector, their demand in India has observed a steadfast rise, mirroring the nation's rapid urban and industrial development. Not merely restricted to power generation, these cables also feature predominantly in consumer electronics, automotive sectors, and a plethora of other industries.
A primary driver for the upswing in India wires and cables market growth is the proliferating infrastructural projects and the government’s dedicated focus on strengthening the power and telecom infrastructure. Schemes like the 'Smart Cities Mission' and 'Digital India' campaign underline the significance of robust infrastructure, accentuating the importance of high-quality wires and cables for seamless connectivity and efficient energy transmission.
Furthermore, the real estate boom, complemented by India's burgeoning middle-class population, has led to an amplified demand for residential and commercial spaces. The consequent rise in construction activities invariably translates to heightened requirements for wires and cables, ensuring the safety and functionality of these newly constructed entities.
Simultaneously, technological advancements in the field of communication and the expanding reach of the internet have played pivotal roles in propelling the India wires and cables market demand. The increasing penetration of high-speed internet, coupled with the massive demand for broadband and DTH services, necessitates the extensive laying of communication cables, thus enhancing market prospects.
India's thriving automotive industry further augments the India wires and cables market. Modern vehicles, with their intricate electrical systems and reliance on electronic components, require sophisticated cabling solutions. This surge in automotive production and the shift towards electric vehicles, equipped with advanced telematics and infotainment systems, bolster the demand for automotive cables.
According to the India wires and cables market analysis, India's commitment to sustainable energy solutions has led to the growth of renewable energy projects, particularly in solar and wind energy sectors. The establishment of these energy farms demands extensive cabling for power transmission, offering additional impetus to the wires and cables industry.
These high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
The analyst always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Wires and cables, the indispensable veins of modern infrastructure, are central to the transmission of electrical and communication signals. Serving varied domains from real estate to the telecommunications sector, their demand in India has observed a steadfast rise, mirroring the nation's rapid urban and industrial development. Not merely restricted to power generation, these cables also feature predominantly in consumer electronics, automotive sectors, and a plethora of other industries.
A primary driver for the upswing in India wires and cables market growth is the proliferating infrastructural projects and the government’s dedicated focus on strengthening the power and telecom infrastructure. Schemes like the 'Smart Cities Mission' and 'Digital India' campaign underline the significance of robust infrastructure, accentuating the importance of high-quality wires and cables for seamless connectivity and efficient energy transmission.
Furthermore, the real estate boom, complemented by India's burgeoning middle-class population, has led to an amplified demand for residential and commercial spaces. The consequent rise in construction activities invariably translates to heightened requirements for wires and cables, ensuring the safety and functionality of these newly constructed entities.
Simultaneously, technological advancements in the field of communication and the expanding reach of the internet have played pivotal roles in propelling the India wires and cables market demand. The increasing penetration of high-speed internet, coupled with the massive demand for broadband and DTH services, necessitates the extensive laying of communication cables, thus enhancing market prospects.
India's thriving automotive industry further augments the India wires and cables market. Modern vehicles, with their intricate electrical systems and reliance on electronic components, require sophisticated cabling solutions. This surge in automotive production and the shift towards electric vehicles, equipped with advanced telematics and infotainment systems, bolster the demand for automotive cables.
According to the India wires and cables market analysis, India's commitment to sustainable energy solutions has led to the growth of renewable energy projects, particularly in solar and wind energy sectors. The establishment of these energy farms demands extensive cabling for power transmission, offering additional impetus to the wires and cables industry.
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
- Residential
- 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 report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India wires and cables market.Some of the major players explored in the report are as follows:
- Polycab India Limited
- KEI Industries Limited
- R R Kabel Ltd.
- Universal Cable Limited
- Gloster Cables Limited
- Finolex Cables Limited
- V-Guard Industries Ltd
- Havells India Limited
- Apar industries Ltd
- KEC International Ltd.
- Sterlite Industries Ltd
- Others
About the Analyst
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.These high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
The analyst always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions6 Market Snapshot7 Opportunities and Challenges in the Market8 India Power Generation and Consumption Outlook18 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
9 India Wire and Cable Supply Outlook
10 India Wires and Cables Market Overview
11 India Wires and Cables Market by Voltage
12 India Wires and Cables Market by Product
13 India Wires and Cables Market by Material
14 India Wires and Cables Market by End Use
15 India Wires and Cables Market by Region
16 Market Dynamics
17 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- Polycab India Limited
- KEI Industries Limited
- R R Kabel Ltd.
- Universal Cable Limited
- Gloster Cables Limited
- Finolex Cables Limited
- V-Guard Industries Ltd
- Havells India Limited
- Apar industries Ltd
- KEC International Ltd.
- Sterlite Industries Ltd
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 101 |
Published | October 2023 |
Forecast Period | 2023 - 2028 |
Estimated Market Value ( INR | INR 24.74 Billion |
Forecasted Market Value ( INR | INR 42.46 Billion |
Compound Annual Growth Rate | 11.4% |
Regions Covered | India |
No. of Companies Mentioned | 11 |