India Wires and Cables 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 urbanisation, industrialisation, and the relentless pursuit of connectivity and electrification., 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 refer to electrical conductors used for transmitting electricity, signals, and data within various applications across residential, commercial, industrial, and infrastructure sectors. These wires and cables form the essential components of electrical wiring systems, providing the necessary connectivity to power appliances, lighting fixtures, machinery, and electronic devices. Wires and cables are typically composed of conductive materials, such as copper or aluminium, which serve as the core conductor for electrical transmission.
As per the India wires and cables market analysis, India’s rapid urbanisation and infrastructure development initiatives, including the Smart Cities Mission, Make in India, and Bharatmala Project, drive demand for wires and cables for power transmission, distribution, and building construction. The burgeoning construction of residential, commercial, and industrial complexes necessitates reliable and efficient wiring solutions to meet the growing demand for electricity and connectivity in urban and peri-urban areas.
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As per the India wires and cables market outlook, India’s ambitious renewable energy targets and investments in solar, wind, and hydroelectric power generation drive demand for specialised cables and wiring solutions for renewable energy projects. Wires and cables play a critical role in transmitting renewable energy from remote sites to the grid, facilitating grid integration, and powering clean energy initiatives to mitigate climate change and reduce dependence on fossil fuels.
The proliferation of digital technology, internet connectivity, and data-driven applications fuels the demand for high-speed data transmission cables, fibre optics, and network infrastructure solutions to support India’s digital transformation initiatives, aiding the India wires and cables market growth. Wires and cables serve as the backbone of telecommunications networks, broadband connectivity, and IoT (Internet of Things) infrastructure, enabling seamless communication, data exchange, and connectivity in urban and rural areas.
The expansion of India’s automotive and transportation sectors, including electric vehicles (EVs), railways, and metro rail projects, drives demand for specialised automotive cables, wiring harnesses, and signalling cables. Wires and cables play a crucial role in powering EVs, providing electrical connectivity in rail systems, and ensuring safe and efficient transportation infrastructure across the country, further propelling the India wires and cables market expansion.
The integration of smart grid technologies, IoT devices, and grid automation solutions drives demand for advanced cables and wiring systems capable of supporting intelligent power distribution, energy management, and grid resilience. Smart grid technologies enable real-time monitoring, remote control, and optimisation of electrical networks, enhancing efficiency, reliability, and sustainability in power distribution.
The rollout of 5G networks and next-generation telecommunications infrastructure in the wires and cables market in India accelerates demand for high-capacity fibre optic cables, coaxial cables, and network infrastructure solutions to support ultra-fast broadband connectivity, IoT applications, and digital services. 5G networks require robust, low-latency communication infrastructure, driving investments in fibre optic backbone networks and last-mile connectivity solutions.
The adoption of energy storage and battery technologies, including lithium-ion batteries, fuel cells, and energy storage systems (ESS), creates opportunities for specialised cables and wiring solutions for renewable energy integration, grid stabilisation, and electric vehicle charging infrastructure, contributing to the India wires and cables market share. These cables enable efficient energy transmission, storage, and distribution in decentralised energy systems and microgrid applications.
India Wires and Cables 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
- Haryana
- Punjab
- Uttar Pradesh
- Delhi
- Others
- South India
- Tamil Nadu
- Karnataka
- Telangana
- Andhra Pradesh
- Others
- East India
- Chhattisgarh
- Odisha
- Sikkim
- West Bengal
- Others
- West India
- Goa
- Gujarat
- Maharashtra
- Others
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 the 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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