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

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

• 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)