India Wires & Cables Market (2020-2026) | Industry, Forecast, Revenue, Companies, Analysis, Value, Share, Size, Growth, Outlook, Trends & COVID-19 IMPACT

India Wires and Cables Market | Country-Wise Share and Competition Analysis

In the year 2021, China  was the largest exporter in terms of value, followed by the UK. It has registered a growth of 63.54% over the previous year. While the UK registered a growth of 25.34% as compared to the previous year. In the year 2017, China was the largest exporter followed by Germany. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, India has a Herfindahl index of 1812 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  1434 which signifies high competitiveness in the market.

India Wires and Cables Market - Export Market Opportunities

Latest development (2023) of the India Wires & Cables Market

India Wires & Cables Market is witnessing terrific growth mainly due to the entry of new players in the market. Various developments are taking place in the market.  Several major companies in the market have launched new products in 2023, such as APAR Industries in the country which launched a new range of fire-resistant cables and Finolex Cables. These new products are aimed at meeting the growing demand for sustainable and energy-efficient cables in the country. There is a major focus on the research and development domain by leading players. Leading players in the market are increasingly focusing on research and development (R&D) to develop new products and technologies to cater to the ever-changing dynamics of the market. The India wires and cables market is expected to evolve in the forthcoming years, driven by factors such as the growing demand for power, and communication, the growth of the renewable energy industry, and the increasing focus on safety and security in the cables market.

Topics Covered in India Wires & Cables Market Report

India Wires & Cables Market report thoroughly covers the market by voltage, installation and end user. The outlook 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 & Cables Market is projected to grow over the coming year. India Wires & Cables Market report is a part of our periodical regional publication Asia Pacific Wires & Cables Market outlook report. 6W tracks the Wires & Cables market for over 60 countries with individual country-wise market opportunity assessments and publishes with the report titled Global Wires & Cables Market outlook report annually.

India Wires & Cables Market Synopsis

India Wires & Cables Market is expected to grow in the forecast year due to rapid urbanization and growing infrastructure projects in the country. The expansion of the power sector to meet rising electricity demands has bolstered the growth of the market.

According to 6Wresearch, India Wires & Cables Market size is projected to register growth during 2020-2026. The key reason for the growth of the market is Power Sector Expansion. The government initiatives to electrify rural areas and provide reliable power supply have immensely contributed to the overall development of the wires and cables market. The development of the infrastructure has also played a crucial role in the development of the market. The various projects by the government of smart cities, industrial corridors, and renewable energy initiatives, have been important drivers for the wires and cables market. The demand for electricity transmission and distribution, as well as telecommunication networks, has been increasing due to expanding urban areas and industrialization. The proliferation of smartphones, tablets, computers, and other electronic devices has increased the need for high-quality, durable, and efficient cables and this factor has also increased the demand for the Wires & Cables. There are certain challenges in the industry. The price of the raw material is the major challenge in the market. The market faces challenges due to availability of the counterfeit cables and wires, which can affect safety and performance, and also lead to revenue loss for the producers.

COVID-19 Impact on India Wires & Cables Market

The India Wires & Cables Industry witnessed major disruptions in the supply chain owing to an increase in the spread of the virus. The manufacturing facilities and transportation networks faced disruptions on the account of imposition of the lockdown and social distancing measures by the government. COVID-19 led to shortages of labour due to workforce infections, quarantine measures, and migrant labour returning to their hometowns. This situation affected production capacities and this factor increased the cost of labour in the market. The global health crisis impacted India export and import of wires and cables, affecting the overall dynamics of the market.

India Wires & Cables Market: Key players

• Havells India Ltd
• Polycab India Ltd
• Finolex Cables Ltd
• KEI Industries Ltd
• Sterlite Technologies Ltd
• V-Guard Industries Ltd
• Belden India Pvt Ltd
• Universal Cables Ltd

These companies have a major share in the market and contribute to the overall increase in the India Wires & Cables Market Share.

Market by Voltage

According to Dhaval, Research Head, 6Wresearch based on voltage, the low-voltage Wires & Cables will dominate the market due to increasing electrification in the country.

Market by Installation

Based on the installation, the overhead installation will have a significant share in the forecast year due to the use of these wires & cables in rural and remote areas leading to India Wires & Cables Market Growth.

Market by End-user

The wires & Cables Market In India will witness major growth in the building and commercial segment due to its major use in the real state domain and various infrastructure projects.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Wires & Cables Market Outlook
• Market Size of India Wires & Cables Market, 2019
• Forecast of India Wires & Cables Market, 2026
• Historical Data and Forecast of India Wires & Cables Revenues & Volume for the Period 2016 - 2026
• India Wires & Cables Market Trend Evolution
• India Wires & Cables Market Drivers and Challenges
• India Wires & Cables Price Trends
• India Wires & Cables Porter's Five Forces
• India Wires & Cables Industry Life Cycle
• Historical Data and Forecast of India Wires & Cables Market Revenues & Volume By Voltage for the Period 2016 - 2026
• Historical Data and Forecast of India Wires & Cables Market Revenues & Volume By Low Voltage for the Period 2016 - 2026
• Historical Data and Forecast of India Wires & Cables Market Revenues & Volume By Medium Voltage for the Period 2016 - 2026
• Historical Data and Forecast of India Wires & Cables Market Revenues & Volume By High Voltage for the Period 2016 - 2026
• Historical Data and Forecast of India Wires & Cables Market Revenues & Volume By Extra-High Voltage for the Period 2016 - 2026
• Historical Data and Forecast of India Wires & Cables Market Revenues & Volume By Installation for the Period 2016 - 2026
• Historical Data and Forecast of India Wires & Cables Market Revenues & Volume By Overhead for the Period 2016 - 2026
• Historical Data and Forecast of India Wires & Cables Market Revenues & Volume By Underground for the Period 2016 - 2026
• Historical Data and Forecast of India Wires & Cables Market Revenues & Volume By End-users for the Period 2016 - 2026
• Historical Data and Forecast of India Wires & Cables Market Revenues & Volume By Aerospace & Defense for the Period 2016 - 2026
• Historical Data and Forecast of India Wires & Cables Market Revenues & Volume By Building & Construction for the Period 2016 - 2026
• Historical Data and Forecast of India Wires & Cables Market Revenues & Volume By Oil & Gas for the Period 2016 - 2026
• Historical Data and Forecast of India Wires & Cables Market Revenues & Volume By Energy & Power for the Period 2016 - 2026
• Historical Data and Forecast of India Wires & Cables Market Revenues & Volume By IT & Telecommunication for the Period 2016 - 2026
• Historical Data and Forecast of India Wires & Cables Market Revenues & Volume By Others for the Period 2016 - 2026
• India Wires & Cables Import Export Trade Statistics
• Market Opportunity Assessment By Voltage
• Market Opportunity Assessment By Installation
• Market Opportunity Assessment By End-users
• India Wires & Cables Top Companies Market Share
• India Wires & Cables Competitive Benchmarking By Technical and Operational Parameters
• India Wires & Cables Company Profiles
• India Wires & Cables Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Voltage

• Low Voltage
• Medium Voltage
• High Voltage
• Extra-High Voltage

By Installation

• Overhead
• Underground

By End-users

• Aerospace & Defence
• Building & Construction
• Oil & Gas
• Energy & Power
• IT & Telecommunication
• Others

India Wires & Cables Market: FAQs