India Electrical Wires and Cables Market

India Electrical Wires and Cables Market Overview:

The India electrical wires and cables market size reached USD 6.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 10.9 Billion by 2033, exhibiting a growth rate (CAGR) of 5.76% during 2025-2033. The market is driven by rapid urbanization, government initiatives like "Power for All," rising renewable energy integration, increasing infrastructure investments, and the expansion of high-speed internet networks, leading to higher demand for advanced cables in the power transmission, smart grid, and telecommunication sectors across the country.

India Electrical Wires and Cables Market Trends:

Expansion of the Power and Energy Sector

The spurt in the growth of India's power and energy sector has substantially strengthened the electrical wire and cable demand. In the "Energy Statistics India 2021" report by the Ministry of Statistics and Programme Implementation, the installed electricity generation capacity of India was at 382.15 GW as of March 2021, indicating a high spike from the past. This growth requires huge transmission and distribution networks, thereby strengthening the wires and cables industry directly. Increased government emphasis on rural electrification and programs such as the Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) are designed to ensure a steady power supply to rural regions. These programs entail heavy investments in electrical infrastructure, such as wires and cables, in order to connect far-flung areas to the national grid. Stress on minimizing transmission and distribution losses further accentuates the importance of high-quality cables, driving market growth. Additionally, the use of solar and wind power as renewable energy sources has led to a higher demand for power cables that can transmit variable loads. The Bureau of Energy Efficiency points out the growing proportion of renewables in India's energy consumption in its report "National Energy Data: Survey and Analysis," suggesting the need for sophisticated wiring solutions to transmit power efficiently.

Government Initiatives Promoting Domestic Manufacturing

The Government of India initiatives toward encouraging indigenous production have influenced the electrical wires and cables industry. The Department of Heavy Industry "Indian Electrical Equipment Industry Mission Plan 2012-2022" indicates action plans for developing the electrical equipment industry's competitive edge, among which include wires and cables. It lays stress on cutting down the dependency on imports and growing domestic capacity. Schemes such as the Production-Linked Incentive (PLI) scheme induce manufacturers to expand production, enhance quality, and invest in research and development. Such incentives have drawn large investments in the wires and cables industry, resulting in technological upgradation and capacity addition. For example, the foray of big players such as UltraTech Cement into the wires and cables segment, with an investment of ₹18 billion, reflects the growth potential of the sector. In addition, the report on "Investment Opportunities in Capital Goods" by Invest India identifies the government's emphasis on developing infrastructure as a driving factor indirectly for demand in electrical items, such as wires and cables. The "Make in India" initiative through emphasizing on the creation of a strong manufacturing ecosystem matches up with developing infrastructure, making the environment friendly for the industry of wires and cables to grow.

India Electrical Wires and Cables Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type, end user, and region.

Type Insights:

• Power Cable
• Specialty Cable 

The report has provided a detailed breakup and analysis of the market based on the type. This includes power cable and specialty cable

End User Insights:

• Railway
• Power
• Construction
• Telecom
• Others

The report has provided a detailed breakup and analysis of the market based on the end user. This includes railway, power, construction, telecom, and others.

Regional Insights:

• North India
• South India
• East India
• West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Electrical Wires and Cables Market News:

• August 2024: India is going to increase its internet capacity four times by 2025 with the help of three significant undersea cable projects namely, 2Africa Pearls, India-Asia-Express (IAX), and India-Europe-Express (IEX). All these projects would highly significantly enhance digital connectivity in the country, prompting widespread deployment of optical fiber cables to accommodate expanded infrastructure. It is anticipated to boost India's electrical wires and cables market size with high growth.
• July 2024: Havells India set out to boost cable production capacity in Alwar to cater to the high demand for electrical wires and cables. This expansion facilitates the rapidly expanding global infrastructure, real estate, and industrial demand, with improved supply chain efficiency. Increased production capacity fortifies India's electrical wires and cables market through improved availability and technological incorporation.

India Electrical Wires and Cables Market Report Coverage:

Key Questions Answered in This Report:

• How has the India electrical wires and cables market performed so far and how will it perform in the coming years?
• What is the breakup of the India electrical wires and cables market on the basis of type?
• What is the breakup of the India electrical wires and cables market on the basis of end user?
• What are the various stages in the value chain of the India electrical wires and cables market? 
• What are the key driving factors and challenges in the India electrical wires and cables market?
• What is the structure of the India electrical wires and cables market and who are the key players?
• What is the degree of competition in the India electrical wires and cables market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India electrical wires and cables market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India electrical wires and cables market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India electrical wires and cables industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.