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

Topics Covered in Indonesia Wires And Cables Market Report

Indonesia 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 Indonesia wires and cables market outlook report provides an unbiased and detailed analysis of the ongoing Indonesia 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.

Indonesia Wires and Cables Market Synopsis

Indonesia Wires and Cables Market is anticipated to grow due to increasing government investment in infrastructural development. Investments for development up to the next 12 years would go to building power and energy projects in the power-starved archipelago as nearly a quarter of the population lacks basic electricity. 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.

According to 6Wresearch, Indonesia Wires and Cables Market size is projected to rise at a higher growth rate (CAGR) of 2.10% during 2024-2030. The Indonesia wires and cables sector is driven by a number of key factors, including the faster urbanisation in the nation, which has led to the development of new buildings, factories, and infrastructures that require efficient and sustainable electrical wiring. Furthermore, the rise in renewable energy projects in Indonesia such as solar panels and wind turbines has created demand for specialised cables. The booming e-commerce market in Indonesia is also driving the growth of the wires and cables industry as the manufacture and shipment of electronics need an increase in wiring.

Despite the progression of the Indonesian wires and cables market, it confronts several challenges, one of which is the issue of counterfeit products. The influx of fake as well as substandard wires and cables has been a matter of concern for consumers, regulators, and genuine manufacturers, as it poses a risk to public safety and violates intellectual property laws. Another challenge facing the industry is the fluctuation of commodity prices such as copper, which forms a core component of most electrical wiring. The fall or rise of copper prices affects the pricing of wires and cables and hinders the growth of the industry.

Indonesia Wires and Cables Industry: Key Players

The key players of this propelling market in Indonesia are:

• Apar Industries Ltd.
• Finolex Cables Ltd.
• Havells India Ltd.
• KEI Industries Ltd.
• Panasonic Corp.
• Polycab India Ltd.
• RR Kabel Ltd.
• Sterlite Power Transmission Ltd.

Wires and Cables Market in Indonesia: Government Initiatives

The Indonesian government, via a number of initiatives it has taken, is promoting growth and innovation in the wires and cablesmarket, one of such initiative is the implementation of safety regulations and standards that apply to electrical wiring, systems, as well as appliances. This is aimed at enforcing safety standards and regulations that match international best practices and ensuring that the products manufactured in Indonesia meet safety needs. The government of the country also aims to motivate innovation in the market by initiating research and development programs that enhance product quality and stimulate new ideas in the areas of sustainable cabling for renewable energy and connectivity for the e-commerce market.

Market Segmentation by Material

According to Parth, Senior Research Analyst, 6Wresearch, aluminium cables and wires dominate the material segment of the Indonesia cables and wires market in the overall market revenues. Indonesia is a developing economy and aluminium cables provide cost benefits in terms of raw material as well as production, although copper wires and cables will show promising growth due to their heat resistance and high conducting properties.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Historical data of Indonesia wires and cables market revenues for the period 2020-2023
• Indonesia wires and cables market size and market forecast of revenues, until 2030F
• Historical data of Indonesia wires and cables market revenues, by voltages, for the period 2020-2023
• Indonesia wires and cables market size and market forecast of revenues, by voltages, until 2030F
• Historical data of Indonesian wires and cables market revenues, by installation, for the period 2020-2023
• Indonesia wires and cables market size and market forecast of revenues, by installation, until 2030F
• Historical data of Indonesia wires and cables market revenues, and by-products, for the period 2020-2023
• Indonesia wires and cables market size and market forecast of revenues, by-products, until 2030F
• Historical data of Indonesia wires and cables market revenues, by material, for the period 2020-2023
• Indonesia wires and cables market size and market forecast of revenues, by material, until 2030F
• Historical data of Indonesian wires and cables market revenues, by end-user, for the period 2020-2023
• Indonesia wires and cables market size and market forecast of revenues, by end-user, until 2030F
• Historical data of Indonesia wires and cables market revenues, by region, for the period 2020-2023
• Indonesia wires and cables market size and market forecast of revenues, by region, until 2030F
• 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