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: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Wires And Cables market currently, in 2023, has witnessed an HHI of 2006, Which has decreased slightly as compared to the HHI of 3198 in 2017. The market is moving towards moderately competitive. 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 fewer numbers of players or countries exporting in the market.
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 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.
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:
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.
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.
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.
The report provides a detailed analysis of the following market segments:
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 |
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.
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
Key Highlights of the Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
Other Key Reports Available: