India Wires and Cables Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033

India Wires and Cables Market Trends & Summary

India Wires and cables Market is expected to reach US$ 15.41 billion by 2033 from US$ 8.97 billion in 2024, with a CAGR of 6.20% from 2025 to 2033. A number of factors, including as rising renewable energy output, expanding smart grid technology reserves, industrialization, and government initiatives, are propelling the wire and cable market in India. This industry, which is essential for telecommunications and energy distribution, is growing at a remarkable rate and is predicted to keep up this trend in the years to come.

The report India Wires and Cables Market & Forecast covers by Cable Type (Low Voltage Energy, Power Cable, Fiber Optic Cable, Signal and Control Cable, Other Cable Types), Voltage (Low Voltage, Medium Voltage, High Voltage, Extra High Voltage), Installation (Overhead, Underground), End Users (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication, Automotive, Others), Region (North & Central region, Southern region, Western region, Eastern region), State (Maharashtra, Kerala, Gujarat, Tamil Nadu, Uttar Pradesh, Rajasthan, Punjab, Delhi NCR, Madhya Pradesh, Haryana, Rest of India) and Company Analysis, 2025-2033.

India Wires and cables Industry Overview

A vital segment of the Indian electrical equipment market, the wires and cables industry produce data, telecommunications, and electrical cables for usage in commercial, industrial, and residential settings. Rapid infrastructure development, urbanization, and government programs like the Smart Cities Mission have all contributed to the industry's strong growth by raising demand for dependable electrical distribution systems. The market is growing as a result of the electrification of rural areas and the rise of renewable energy initiatives.

The market is dominated by major firms like Havells and Polycab, although small and unorganized producers also contribute significantly to meeting low-cost demands. The sector does, however, confront difficulties like fierce pricing rivalry and shifting raw material prices, especially those of copper. Despite these obstacles, the country's growing requirement for effective electrical networks and continuing infrastructure projects are driving up demand for high-quality wires and cables.

India's infrastructure is changing dramatically right now.  The Indian government consistently implements a number of programs to enhance urban infrastructure and offer cheap homes.  For example, India's finance minister declared in January 2024 that the government intends to increase funding for affordable housing by nearly 15% to USD 12 billion for 2024–2025.  The nation's need for wires and cables has significantly increased as a result of these activities.

Furthermore, the growing demand from the renewable power generating industry is one of the main factors propelling the Indian wire and cable market.  The nation's several states are consistently calling for the production of renewable energy.  As a result, the Indian government has begun investing more in the development of renewable energy sources.

For example, the Production Linked Incentive Scheme, which focuses on high-efficiency solar PV modules, has received USD 1.68 billion from the Ministry of New and Renewable Energy. An operational production capacity of 7,400 MW is projected by October 2024, and by April 2025, it is expected to have increased to 16,800 MW. By April 2026, the remaining 15,400 MW of capacity will be finished. Advanced cables that can manage fluctuating loads and guarantee effective power transmission are necessary for the integration of renewable energy sources into the current electrical grid, which will increase the use of wires and cables.

Growth Drivers for the India Wires and cables Market

Infrastructure Development

India's aggressive ambitions for infrastructure development and fast urbanization are two of the main factors propelling the wires and cables market's expansion. The need for dependable and effective electrical networks is rising dramatically as a result of projects under programs like Housing for All, Bharatmala, and the Smart Cities Mission. For power distribution, lighting, communication, and automation, these massive improvements in transportation (highways, metros), urban housing, commercial complexes, and utility services necessitate significant wiring and cabling systems. Adoption of premium, fire-retardant, and environmentally friendly cable solutions is also being pushed by the growing emphasis on safety and energy efficiency. The demand for sophisticated wires and cables keeps growing as infrastructure spreads throughout urban and semi-urban areas, fostering the industry's steady expansion.

Real Estate and Housing Demand

The market for wires and cables is expanding due in large part to India's growing need for residential and commercial structures. The real estate industry is growing in metro areas as well as tier 2 and tier 3 cities due to factors like rising incomes, fast urbanization, and government initiatives like the Pradhan Mantri Awas Yojana (PMAY). The need for dependable electrical infrastructure, such as communication cables, low-voltage power cables, and building wires, is increased by this expansion. Advanced wire systems for automation, safety, power distribution, and lighting are becoming more and more necessary in modern structures. High-rise apartment buildings and commercial complexes are placing a greater emphasis on fire safety and energy efficiency, which is encouraging the use of premium, flame-retardant cables and propelling the market's growth.

Electrification of Transportation

One of the main factors propelling the wires and cables market in India is the continuous electrification of the country's transportation infrastructure. The need for specialized, high-performance cables is rising as a result of significant investments in metro rail projects throughout cities and the quick development of EV infrastructure. These consist of traction system power cables, EV charging infrastructure, and signaling and control systems. The rollout of EVs and charging stations is also being accelerated by government programs such as the National Electric Mobility Mission and Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME). These advancements necessitate cables that are safe and able to tolerate high voltages and temperature changes. The need for cutting-edge cable solutions in this industry is expected to increase significantly as the drive for sustainable, clean transportation heats up.

Challenges in the India Wires and cables Market

Counterfeit Products

One of the biggest problems facing the Indian wires and cables sector is the pervasiveness of fake and inferior cables. These counterfeit goods are frequently offered at reduced costs, which appeals to budget-conscious buyers and smaller contractors who could put price above quality. However, fake cables frequently fall short of performance and safety requirements, raising the possibility of electrical fires, system malfunctions, and safety risks. In addition to putting people and property in danger, this harms respectable manufacturers' reputations. Furthermore, the existence of these goods leads to unfair competition, which hurts quality-focused firms' sales and profitability. Stricter quality controls, increased public awareness, and stronger regulatory enforcement are required to stop the spread of these dangerous and illegal goods.

Compliance and Standardization Issues

The uneven application of safety and quality regulations is one of the major issues facing the Indian wires and cables industry. Many items still reach the market without the necessary conformity, even with the existence of regulatory agencies and well-established standards like ISI and BIS certificates. As a result, inferior cables are widely distributed, particularly in unorganized and rural marketplaces. In addition to endangering electrical safety, non-compliant items damage consumer confidence and damage the industry's brand as a whole. Low-quality substitutes unfairly compete with reputable producers who uphold quality standards. To guarantee safety, encourage uniformity, and preserve market integrity, it is imperative to bolster regulatory monitoring, expand industry audits, and increase end-user knowledge of certified items.

Kerala Wires and cables Market

The market for wires and cables in Kerala is expanding steadily due to government efforts, urbanization, and infrastructural development. The need for high-quality electrical cables is rising as a result of the state's emphasis on electrification, smart city initiatives, and the use of renewable energy. With initiatives like the 400 kV HVDC station at Madakkathara, the Kerala State Electricity Board (KSEB) is expanding the transmission network, increasing grid dependability and driving up demand for specialty cables.

Strong wiring solutions are becoming more and more necessary as a result of the development of Technopark Kollam and the planned Electronics City in Kochi, which will accelerate industrial expansion.  The need for communication connections will also rise as a result of the Kerala Fiber Optic Network's (K-FON) plans to offer high-speed internet throughout the state.  Local producers, such as Kundara's ALIND KEL, are helping the market expand by creating a range of cables to satisfy these needs. In conclusion, the market for wires and cables in Kerala is expected to grow further due to initiatives for digital connection, industrial expansion, and infrastructural development.

Maharashtra Wires and cables Market

In India's wires and cables sector, Maharashtra is a key hub that makes a substantial contribution to the national market share.  There is a significant need for a variety of wiring solutions due to the state's strong industrial base, which includes industries like manufacturing, automotive, and information technology.  The existence of significant industrial clusters and technology parks supports the role of Mumbai, Pune, and Nashik as important demand centers. ​

The state's market is dominated by top producers including Finolex Cables, which has a major presence in Pune, and Polycab India, which has its headquarters in Mumbai.  These businesses serve residential, commercial, and industrial clients with a broad range of products, such as low-, medium-, and high-voltage cables.  The need for superior wire solutions is further supported by government efforts and the state's dedication to infrastructure development.

Uttar Pradesh Wires and cables Market

Due to the state's quick industrialization and infrastructure development, the Uttar Pradesh wires and cables market is expanding significantly. The need for dependable electrical solutions is rising as a result of important projects like the Uttar Pradesh Defence Industrial Corridor and the Ganga Expressway. Low-voltage cable consumption is also being increased by the state's emphasis on enhancing rural electrification through government programs like the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya) and the Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY). Cities like Kanpur, Agra, and Lucknow are part of the state's expanding industrial base, which is driving up demand for medium and high-voltage cables to support manufacturing and power distribution.

The market for cables and wires is anticipated to grow gradually as Uttar Pradesh develops more. There are many prospects for cable providers and manufacturers due to the expansion of industry and the growing number of infrastructure projects in both urban and rural areas. Businesses that prioritize quality and innovation are well-positioned to meet the wide range of demands of this expanding industry. A favorable environment for the wires and cables market to flourish in the upcoming years is created by the strategic importance of the state, government support, and industrial growth.

India Wires and cables Market Segments

Cable Type – Market breakup in 5 viewpoints:

1. Low Voltage Energy
2. Power Cable
3. Fiber Optic Cable
4. Signal and Control Cable
5. Other Cable Types

Voltage – Market breakup in 4 viewpoints:

1. Low Voltage
2. Medium Voltage
3. High Voltage
4. Extra High Voltage

Installation – Market breakup in 2 viewpoints:

1. Overhead
2. Underground

End Users – Market breakup in 7 viewpoints:

1. Aerospace & Defense
2. Building & Construction
3. Oil & Gas
4. Energy & Power
5. IT & Telecommunication
6. Automotive
7. Others

Region – Market breakup in 4 viewpoints:

1. East India
2. West India
3. North India
4. South India

States – Market breakup in 11 viewpoints:

1. Maharashtra
2. Kerala
3. Gujarat
4. Tamil Nadu
5. Uttar Pradesh
6. Rajasthan
7. Punjab
8. Delhi NCR
9. Madhya Pradesh
10. Haryana
11. Rest of India

All the Key players have been covered from 4 Viewpoints:

• Key Person
• Overview
• Revenue Analysis
• Recent development & Strategy

Company Analysis:

1. Finolex Cables Limited
2. KEI Industries Limited
3. Syska Led Lights Pvt. Ltd
4. V-Guard Industries Ltd
5. Havells India Ltd
6. Polycab India Limited
7. R R Kabel Ltd
8. Panasonic
9. Plaza Wires & Cables

Report Details: