India - Electric Wire and Cable Market by End-user and Type - Forecast and Analysis 2023-2027
| Published: Aug 2023 | Pages: 135 | SKU: IRTNTR70512 |
India - Electric Wire and Cable Market Report 2023-2027
The India - Electric Wire And Cable Market size is estimated to grow at a CAGR of 4.63% between 2022 and 2027. The market size is forecast to increase by USD 2,189.92 million. The growth of the market depends on several factors, such as growth in renewable power generation in India, the expansion and revamping of transmission and distribution (T&D) infrastructure in India, and the increase in investment in metro railways.
This report extensively covers market segmentation by end-user (railway, power, construction, telecom, and others) and type (power cable and specialty cable). It also includes an in-depth analysis of drivers, trends, and challenges.
What will be the Size of the India Electric Wire And Cable Market During the Forecast Period?
Electric Wire and Cable Market in India Forecast 2023-2027
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India Electric Wire and Cable Market Dynamics
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Driver - Growth in renewable power generation in India
One of the main factors that is significantly contributing to the growth of the electric wire and cable market in India is the substantial growth of renewable power generation in the region. As a result, there is an increase in demand for efficient, durable, and technologically advanced wiring solutions across the region.
Moreover, there is an increased requirement for reliable interconnections and transmission systems. fuelled by the expansion of solar and wind energy installations across the nation. As a result, the demand for electric wires and cables has surged as they are an essential component of these energy networks, enabling the seamless transfer of generated electricity to distribution grids and end consumers. Hence, such factors are expected to drive India electric wire and cable market growth during the forecast period.
Trends - Increase in sales of HVDC power cables
There is increasing adoption of High-voltage direct current (HVDC) underground power cables as they are considered the best option for long-distance and high-voltage safe power transfer. The main advantage of HVDC power systems is that they offer a reliable option for long-distance bulk power delivery.
Moreover, several energy products are announced by the European Commission for the construction of cross-border infrastructure to create an internal energy market and enhance the security of the energy supply. As a result, it will fuel the demand for high-voltage direct current (HVDC) underground power cables for the transfer of high loads of electricity across the country. Hence, such factors are positively impacting the market which in turn will drive the India electric wire and cable market growth during the forecast period.
Challenge - Volatility in raw material prices of electric wire and cable
The electric wire and cable market in India highly depends on materials such as copper and aluminum for the efficient conduction of electricity. the price of these raw materials is influenced by several factors such as supply-demand imbalances, geopolitical tensions, and economic conditions.
Moreover, such factors are fluctuating the prices of these raw materials which in turn is impacting the cost structure of cable production, resulting in pricing inconsistencies, and profitability concerns. As a result, several manufacturers find it challenging to maintain stable pricing for their products, creating hindrances in forecasting and budgeting. Hence, such factors are expected to hinder the India electric wire and cable market growth during the forecast period.
India Electric Wire and Cable Market Segmentation by End-user and Type
End-user Segment Analysis:
The railway segment is estimated to witness significant growth during the forecast period. One of the main countries with the largest railway network in the world after Russia and China is India. The Indian railway network includes 126,366 km of tracks covering a distance of 67,956 km. Factors such as the expansion and modernization of the country's railway network is significantly contributing to the growth of this segment.
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The railway segment was the largest segment and was valued at USD 2,070.06 million in 2017. There is an increasing investment by the Indian government in the railway sector with the goal of improving connectivity and enhancing transport infrastructure, resulting in an increase in demand for electric wires and cables. Furthermore, the electrification of railway tracks is fuelling the demand for electric wire and cable in the region. Furthermore, there is a growing focus by the Indian government on renewable energy sources which has further fuelled the demand for electric wires and cables in the railway segment, as solar panels are being increasingly installed in railway stations and on rooftops of trains. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the India electric wire and cable market growth during the forecast period.
Type Segment Analysis:
Based on type, the segment is classified into power cable and specialty cable. A power cable can be referred to as an electrical cable that is made of one or more electrical conductors that are usually held together by a sheath. The main advantage of a power cable is that it can be buried in the ground, run overhead, or exposed as permanent wiring within buildings. Some of the main classifications of power cables include low-tension cables (LT cables) high-tension cables (HT cables) low-tension cables (LT cables). Factors such as the continuous flow of investments by the government of India into strengthening the national power transmission infrastructure are fuelling the growth of the segment which in turn will drive the market growth in India during the forecast period.
Who are the Major India Electric Wire and Cable Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Apar Industries Ltd: The company offers electric wire and cables such as UNIDAC anti-theft cables, instrumentation, and signaling cables.
Cable Corporation of India Ltd: The company offers electric wire and cables such as special HRPVC grade PVC cables and 3.3 kv grade cables.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
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., and Vindhya Telelinks Ltd.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
Segment Overview
The India electric wire and cable market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
- End-user Outlook (USD Million, 2017 - 2027)
- Railway
- Power
- Construction
- Telecom
- Others
- Type Outlook (USD Million, 2017 - 2027)
- Power cable
- Specialty cable
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India Electric Wire And Cable Market Scope |
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Report Coverage |
Details |
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Page number |
135 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.63% |
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Market growth 2023-2027 |
USD 2,189.92 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.08 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
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., and Vindhya Telelinks Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this India Electric Wire And Cable Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the India electric wire and cable market between 2023 and 2027
- Precise estimation of the electric wire and cable market in India size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across India
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of the electric wire and cable market in Indian companies
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 10: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 11: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 12: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 13: Chart on India: Year-over-year growth 2022-2027 (%)
- Exhibit 14: Data Table on India: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Electric wire and cable market in India 2017 - 2021
- Exhibit 15: Historic Market Size – Data Table on electric wire and cable market in India 2017 - 2021 ($ million)
- 4.2 End-user Segment Analysis 2017 - 2021
- Exhibit 16: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
- 4.3 Type Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – Type Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by End-user
- 6.1 Market segments
- Exhibit 25: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 26: Data Table on End-user - Market share 2022-2027 (%)
- 6.2 Comparison by End-user
- Exhibit 27: Chart on Comparison by End-user
- Exhibit 28: Data Table on Comparison by End-user
- 6.3 Railway - Market size and forecast 2022-2027
- Exhibit 29: Chart on Railway - Market size and forecast 2022-2027 ($ million)
- Exhibit 30: Data Table on Railway - Market size and forecast 2022-2027 ($ million)
- Exhibit 31: Chart on Railway - Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Railway - Year-over-year growth 2022-2027 (%)
- 6.4 Power - Market size and forecast 2022-2027
- Exhibit 33: Chart on Power - Market size and forecast 2022-2027 ($ million)
- Exhibit 34: Data Table on Power - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Chart on Power - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Power - Year-over-year growth 2022-2027 (%)
- 6.5 Construction - Market size and forecast 2022-2027
- Exhibit 37: Chart on Construction - Market size and forecast 2022-2027 ($ million)
- Exhibit 38: Data Table on Construction - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Chart on Construction - Year-over-year growth 2022-2027 (%)
- Exhibit 40: Data Table on Construction - Year-over-year growth 2022-2027 (%)
- 6.6 Telecom - Market size and forecast 2022-2027
- Exhibit 41: Chart on Telecom - Market size and forecast 2022-2027 ($ million)
- Exhibit 42: Data Table on Telecom - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Chart on Telecom - Year-over-year growth 2022-2027 (%)
- Exhibit 44: Data Table on Telecom - Year-over-year growth 2022-2027 (%)
- 6.7 Others - Market size and forecast 2022-2027
- Exhibit 45: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 46: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 48: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.8 Market opportunity by End-user
- Exhibit 49: Market opportunity by End-user ($ million)
- Exhibit 50: Data Table on Market opportunity by End-user ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Exhibit 51: Chart on Type - Market share 2022-2027 (%)
- Exhibit 52: Data Table on Type - Market share 2022-2027 (%)
- 7.2 Comparison by Type
- Exhibit 53: Chart on Comparison by Type
- Exhibit 54: Data Table on Comparison by Type
- 7.3 Power cable - Market size and forecast 2022-2027
- Exhibit 55: Chart on Power cable - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Power cable - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Power cable - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Power cable - Year-over-year growth 2022-2027 (%)
- 7.4 Specialty cable - Market size and forecast 2022-2027
- Exhibit 59: Chart on Specialty cable - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Specialty cable - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Specialty cable - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Specialty cable - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Type
- Exhibit 63: Market opportunity by Type ($ million)
- Exhibit 64: Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Exhibit 66: Impact of drivers and challenges in 2022 and 2027
- 9.4 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
- Exhibit 67: Overview on Criticality of inputs and Factors of differentiation
- 10.3 Landscape disruption
- Exhibit 68: Overview on factors of disruption
- 10.4 Industry risks
- Exhibit 69: Impact of key risks on business
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 70: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 71: Matrix on vendor position and classification
- 11.3 Apar Industries Ltd.
- Exhibit 72: Apar Industries Ltd. - Overview
- Exhibit 73: Apar Industries Ltd. - Business segments
- Exhibit 74: Apar Industries Ltd. - Key offerings
- Exhibit 75: Apar Industries Ltd. - Segment focus
- 11.4 Cable Corporation of India Ltd.
- Exhibit 76: Cable Corporation of India Ltd. - Overview
- Exhibit 77: Cable Corporation of India Ltd. - Product / Service
- Exhibit 78: Cable Corporation of India Ltd. - Key offerings
- 11.5 Diamond Power Infrastructure Ltd.
- Exhibit 79: Diamond Power Infrastructure Ltd. - Overview
- Exhibit 80: Diamond Power Infrastructure Ltd. - Product / Service
- Exhibit 81: Diamond Power Infrastructure Ltd. - Key offerings
- 11.6 Finolex Cables Ltd.
- Exhibit 82: Finolex Cables Ltd. - Overview
- Exhibit 83: Finolex Cables Ltd. - Business segments
- Exhibit 84: Finolex Cables Ltd. - Key offerings
- Exhibit 85: Finolex Cables Ltd. - Segment focus
- 11.7 Gupta Power Infrastructure Ltd.
- Exhibit 86: Gupta Power Infrastructure Ltd. - Overview
- Exhibit 87: Gupta Power Infrastructure Ltd. - Product / Service
- Exhibit 88: Gupta Power Infrastructure Ltd. - Key offerings
- 11.8 Havells India Ltd.
- Exhibit 89: Havells India Ltd. - Overview
- Exhibit 90: Havells India Ltd. - Business segments
- Exhibit 91: Havells India Ltd. - Key news
- Exhibit 92: Havells India Ltd. - Key offerings
- Exhibit 93: Havells India Ltd. - Segment focus
- 11.9 KEI Industries Ltd.
- Exhibit 94: KEI Industries Ltd. - Overview
- Exhibit 95: KEI Industries Ltd. - Business segments
- Exhibit 96: KEI Industries Ltd. - Key offerings
- Exhibit 97: KEI Industries Ltd. - Segment focus
- 11.10 Lapp Holding SE
- Exhibit 98: Lapp Holding SE - Overview
- Exhibit 99: Lapp Holding SE - Product / Service
- Exhibit 100: Lapp Holding SE - Key offerings
- 11.11 LS Corp.
- Exhibit 101: LS Corp. - Overview
- Exhibit 102: LS Corp. - Product / Service
- Exhibit 103: LS Corp. - Key offerings
- 11.12 Panasonic Holdings Corp.
- Exhibit 104: Panasonic Holdings Corp. - Overview
- Exhibit 105: Panasonic Holdings Corp. - Product / Service
- Exhibit 106: Panasonic Holdings Corp. - Key news
- Exhibit 107: Panasonic Holdings Corp. - Key offerings
- 11.13 Polycab India Ltd.
- Exhibit 108: Polycab India Ltd. - Overview
- Exhibit 109: Polycab India Ltd. - Business segments
- Exhibit 110: Polycab India Ltd. - Key offerings
- Exhibit 111: Polycab India Ltd. - Segment focus
- 11.14 RR Kabel
- Exhibit 112: RR Kabel - Overview
- Exhibit 113: RR Kabel - Product / Service
- Exhibit 114: RR Kabel - Key offerings
- 11.15 Sark Cables Pvt. Ltd.
- Exhibit 115: Sark Cables Pvt. Ltd. - Overview
- Exhibit 116: Sark Cables Pvt. Ltd. - Product / Service
- Exhibit 117: Sark Cables Pvt. Ltd. - Key offerings
- 11.16 Syska Led Lights Pvt. Ltd.
- Exhibit 118: Syska Led Lights Pvt. Ltd. - Overview
- Exhibit 119: Syska Led Lights Pvt. Ltd. - Product / Service
- Exhibit 120: Syska Led Lights Pvt. Ltd. - Key offerings
- 11.17 V Guard Industries Ltd.
- Exhibit 121: V Guard Industries Ltd. - Overview
- Exhibit 122: V Guard Industries Ltd. - Business segments
- Exhibit 123: V Guard Industries Ltd. - Key offerings
- Exhibit 124: V Guard Industries Ltd. - Segment focus
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Exhibit 125: Inclusions checklist
- Exhibit 126: Exclusions checklist
- 12.3 Currency conversion rates for US$
- Exhibit 127: Currency conversion rates for US$
- 12.4 Research methodology
- Exhibit 128: Research methodology
- Exhibit 129: Validation techniques employed for market sizing
- Exhibit 130: Information sources
- 12.5 List of abbreviations
- Exhibit 131: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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electric wire and cable market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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