India Electric Wire And Cable Market Analysis, Size, and Forecast 2025-2029

India Electric Wire And Cable Market Size 2025-2029

The India electric wire and cable market size is forecast to increase by USD 2.3 billion at a CAGR of 4.5% between 2024 and 2029.

• The India Electric Wire and Cable Market is experiencing significant growth, driven by the increasing adoption of renewable power generation in India and the rising demand for High Voltage Direct Current (HVDC) power cables. The Indian government's focus on renewable energy sources, such as solar and wind, is leading to a surge in demand for electric wires and cables. Additionally, the shift towards HVDC cables for power transmission over long distances is further fueling market growth. However, the market faces challenges that require careful navigation. Regulatory hurdles, including stringent safety and quality standards, impact adoption and increase the cost of production. This trend is further bolstered by the increasing sales of High Voltage Direct Current (HVDC) power cables, which are essential for transmitting electricity over long distances efficiently.
• Supply chain inconsistencies, due to the dependence on raw materials from various sources, temper growth potential. Companies seeking to capitalize on market opportunities must prioritize regulatory compliance and establish robust supply chain management systems to mitigate these challenges effectively. By addressing these obstacles, market participants can position themselves for long-term success in the Electric Wire and Cable Market. Thus, the market is poised for growth, with renewable energy, HVDC cables, and regulatory compliance being the key drivers and challenges.

What will be the size of the India Electric Wire And Cable Market during the forecast period?

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• The electric wire and cable market in the US is experiencing significant growth, driven by advancements in cable technology and increasing demand for reliable power distribution and communication systems. Cable impedance and ampacity are critical factors in ensuring cable performance, with thermoset polymers and cross-linked polyethylene (XLPE) used for insulation due to their high tensile strength and cable capacitance. Smart grids and medium voltage power cables are key trends, with cable management, routing, and shielding effectiveness essential for efficient cable installation and minimizing cable interferences. High-temperature superconductors and additive manufacturing are innovations enhancing cable capabilities, while cable termination techniques and fault detection systems ensure safety and reliability. Consulting firms like BlueWeave Consulting provide strategic insights into leveraging sustainable energy sources for urban transportation.
• Communication cables require high bandwidth, low voltage drop, and noise immunity, with polyvinyl chloride (PVC) and thermoplastic polymers used for insulation. Cable bending radius, cable harnessing, and cable compliance are also crucial considerations for building construction and cable tray applications. Cable diagnostics, cable pull testing, and cable splicing techniques are essential for maintaining cable integrity and optimizing cable system efficiency. Cable capacitance, inductance, and cable attenuation are vital aspects of cable design, affecting cable transmission and signal quality. Cable routing and cable bundling are essential for cable organization and minimizing cable clutter, enhancing overall system performance. The market is witnessing a shift towards smart upgrading with advancements in Smart grids utilizing both underground and submarine cables.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

• End-user
  • Railway
  • Power
  • Construction
  • Telecom
  • Others
• Type
  • Power cable
  • Specialty cable
• Product
  • Low voltage cables
  • Medium voltage cables
• Geography
  • APAC
    • India

By End-user Insights

The railway segment is estimated to witness significant growth during the forecast period. The market, particularly in the railway sector, is experiencing notable growth due to the expansion and modernization of the country's railway network. With a focus on enhancing connectivity and improving transport infrastructure, the Indian government has invested substantially in the railway sector, leading to a heightened demand for electric wires and cables. One of the primary factors fueling this growth is the electrification of railway tracks. The Indian Railways has initiated Mission 100% Electrification, an ambitious project aimed at converting its entire network from diesel to electric traction. This transition necessitates the installation of vast quantities of power cables, medium voltage cables, and control cables, among others.

Cable performance is a crucial consideration in this context, with requirements for high energy efficiency, temperature resistance, and corrosion resistance. Smart grids and renewable energy sources are also driving the demand for advanced cable technologies, such as fiber optic cables and coaxial cables. Building construction and industrial automation sectors are other significant consumers of electric wires and cables, with a focus on low voltage and shielded cables for safety and efficiency. Cable manufacturing and testing play a pivotal role in ensuring the quality and longevity of these products. Cable certification and adherence to cable standards are essential for ensuring the safety and reliability of cable installations. The market in India highly depends on materials such as copper and aluminum for the efficient conduction of electricity.

Cable maintenance and recycling are also growing areas of interest, as organizations seek to minimize waste and reduce their carbon footprint. Overall, the market is poised for continued growth, driven by the country's infrastructure development and the increasing adoption of advanced cable technologies.

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The Railway segment was valued at USD 2184.40 million in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of Electric Wire And Cable in India Industry?

• Renewable power generation in India is the primary growth driver for the market, with significant expansion occurring in this sector. The market experiences significant growth due to the increasing adoption of renewable energy sources. With India's commitment to expanding its renewable energy capacity, the demand for advanced, durable, and efficient wiring solutions has escalated. Solar and wind energy installations proliferate throughout the country, necessitating robust interconnections and transmission systems. Electric wires and cables play a crucial role in these energy networks, ensuring the smooth transfer of electricity from generation to distribution grids and end consumers. The renewable energy sector's reliance on decentralized power generation sources, such as solar parks and wind farms, necessitates intricate electrical infrastructure.

• As a result, the market for electric wires and cables experiences continuous expansion. The market dynamics are driven by the growing demand for reliable and high-performance cable solutions, including coaxial cables, fiber optic cables, solid wires, and stranded wires, to cater to the unique requirements of renewable energy applications. Additionally, cable standards and cable duct systems are essential considerations in the electric wire and cable market to ensure optimal cable lifespan and safety.

What are the market trends shaping the Electric Wire And Cable in India Industry?

• The trend in the power cable market is shifting towards an increase in sales of High Voltage Direct Current (HVDC) cables. This growth can be attributed to several factors, including the rising demand for renewable energy sources and the need for more efficient and reliable power transmission. High-voltage direct current (HVDC) underground power cables have emerged as a preferred choice for long-distance and high-voltage power transfer, ensuring safe and efficient energy transmission. The European Commission's initiative to construct cross-border infrastructure for an internal energy market and secure energy supply necessitates the transfer of substantial electricity volumes between countries. HVDC cables are poised to become a viable solution for such projects, with India anticipated to adopt this trend during the forecast period. In the realm of cable installation, performance is paramount. HVDC systems offer advantages such as reduced power losses, increased power capacity, and improved power system stability.

• Communication cables and insulated wires are integral components of these systems, ensuring seamless data transmission and cable terminations that ensure durability and reliability. Building construction projects incorporate cable trays to manage and protect power cables, while medium voltage cables facilitate power distribution within industrial and commercial establishments. The integration of smart grids further enhances the importance of cable technology, enabling efficient energy management and distribution. HVDC cables play a crucial role in this context, as they facilitate the integration of renewable energy sources and enable the efficient transmission of power over long distances. The future of cable technology lies in its ability to adapt to evolving energy infrastructure needs, ensuring reliable and efficient power transmission for businesses and industries.

What challenges does the Electric Wire And Cable in India Industry face during its growth?

• Adhering to government regulations concerning electric wires and cables is a significant challenge that impacts the industry's growth trajectory. This regulatory compliance necessitates substantial investments in time, resources, and innovation to ensure continuous adherence and avoid potential penalties. The complexities and evolving nature of these regulations necessitate a deep understanding of industry standards and regulatory bodies, making it a critical focus area for industry professionals. In the electric wire and cable market, adhering to safety regulations and industry standards is a crucial requirement for manufacturers. Regulatory bodies such as the American National Standards Institute (ANSI), the International Electrotechnical Commission (IEC), and the Institute of Electrical and Electronics Engineers (IEEE) set the rules for circuit voltage, temperature rating, and environmental conditions.
• Compliance with these regulations adds to the production cost for companies, particularly those exporting wires and cables. Additionally, cable accessories like cable glands, which are essential for the installation and protection of electrical systems, must also meet these standards. Industrial automation applications, such as those in the energy efficiency sector and the electrical grid, demand cable products with enhanced features like corrosion resistance, fire resistance, and shielded cables. Cable certification is another critical aspect of the market, ensuring the quality and safety of the final product. Temperature resistance is also a significant factor, as cables are often exposed to extreme temperatures in various industrial applications.

Exclusive Customer Landscape

The electric wire and cable market in India forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the electric wire and cable market in India report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, electric wire and cable market in India forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Apar Industries Ltd. - The company specializes in providing a range of electric wiring solutions, encompassing UNIDAC anti-theft cables and instrumentation and signaling cables.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Apar Industries Ltd.
• Cable Corporation of India Ltd.
• Diamond Power Infrastructure Ltd.
• Finolex Cables Ltd.
• Gupta Power Infrastructure Ltd.
• Havells India Ltd.
• KEI Industries Ltd.
• Lapp Holding SE
• LS Corp.
• Panasonic Holdings Corp.
• PLAZA CABLES
• Polycab India Ltd.
• RR Kabel
• Sark Cables Pvt. Ltd.
• Sterlite Power Transmission Ltd.
• Syska Led Lights Pvt. Ltd.
• Traco Cable Co. Ltd.
• Universal Cables Ltd.
• V Guard Industries Ltd.
• Vindhya Telelinks Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Electric Wire And Cable Market In India

• In February 2024, General Cable Corporation, a leading player in the electric wire and cable industry, announced the launch of its new high-performance, low-smoke zero halogen (LSZH) power and control cables. These cables cater to the growing demand for fire safety in commercial and industrial applications (General Cable Corporation Press Release, 2024).
• In October 2024, Prysmian Group, a global leader in energy and telecom cable systems, entered into a strategic partnership with LG Chem, a leading battery manufacturer. The collaboration aimed to develop advanced energy storage solutions for renewable energy applications, integrating Prysmian's cable expertise with LG Chem's battery technology (Prysmian Group Press Release, 2024).
• In March 2025, South Korean electric wire and cable manufacturer, Hanjin Cable, secured a significant investment of USD500 million. The funds would be used to expand the company's production capacity and support its global growth strategy (Reuters, 2025).
• In August 2025, the European Union (EU) introduced new regulations mandating the use of recycled materials in electric wires and cables, effective from 2027. This initiative aimed to reduce the environmental impact of the industry and increase the circular economy (European Commission Press Release, 2025).

Research Analyst Overview

The electric wire and cable market exhibits a dynamic and evolving landscape, shaped by various factors that influence the demand and development of different types of cables. Cable installation continues to be a significant aspect of this market, with the focus shifting towards efficient and cost-effective methods. The performance of cables, be it communication, power, or control, plays a crucial role in determining their suitability for various applications. Smart grids are revolutionizing the power distribution sector, leading to an increased demand for advanced cable solutions. Communication cables, insulated wires, and cable terminations are essential components of these systems, enabling seamless data transfer and power distribution.

In the realm of building construction, cable trays and cable ducts are essential for organizing and protecting electrical installations, while cable glands ensure the secure termination of cables. Power cables, available in various voltage levels such as medium, high, and extra high, are a critical segment of the market. Corrosion resistance and fire resistance are essential features for power cables, ensuring their longevity and safety in various industrial and commercial applications. Cable accessories, including cable connectors and cable glands, are integral components that facilitate the installation, maintenance, and safe operation of power cables. Industrial automation and renewable energy are two major drivers of the cable market.

Shielded cables and control cables are essential for industrial automation applications, ensuring reliable data transfer and power distribution. In the renewable energy sector, the demand for energy-efficient cables is on the rise, with stranded wire and fiber optic cables being popular choices due to their high flexibility and low energy loss. Cable manufacturing, testing, and maintenance are essential processes that ensure the quality and reliability of cables. Cable certification is a crucial aspect of the industry, with various organizations setting standards and guidelines for cable production and performance. Temperature resistance is a critical factor in cable design, as cables are used in various environments with varying temperature conditions. The market caters to diverse needs from solar and wind power applications to oil and gas and consumer electronics, Communication technologies driving innovation in polymer optic fiber products and multiple wires configurations.

Aluminum wire and copper wire are two common materials used in cable manufacturing. While aluminum wire offers cost advantages, copper wire is known for its superior conductivity and longevity. Cable recycling is an essential practice that helps minimize waste and reduce the environmental impact of the cable industry. The cable market is a diverse and dynamic industry, shaped by various factors such as technological advancements, regulatory requirements, and market trends. The ongoing evolution of cable technology is expected to continue driving growth in this sector, with a focus on energy efficiency, safety, and reliability.

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Electric Wire And Cable Market in India insights. See full methodology.

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What are the Key Data Covered in this Electric Wire And Cable Market in India Research and Growth Report?

• CAGR of the Electric Wire And Cable in India industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2025 and 2029
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across India
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the electric wire and cable market in India growth of industry companies

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