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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Wires and Cables Market Trends
Large-scale developments in the power, telecom, and housing sectors, driven by urbanisation, commercialisation, and smart city projects, are stimulating the need for wires and cables. The rapid digital transformation, development of data centres and cloud computing further also propels the India wires and cables market growth. The use of fibre optic cables for ethernet applications is expanding as IT infrastructure attains higher levels of availability and security.
Furthermore, the Indian Government National Infrastructure Pipeline (NIP) provides a projected infrastructural investment of around INR 111 lakh crore in the Indian infrastructural sector over FY 2020-2025. Under the NIP, an average of 0.5%-2% of the project expenditure is expected to be spent on wires and cables, providing manufacturers with an annual opportunity of around INR 100-450 billion.
India Wires and Cables Market Report Snapshots
India Wires and Cables Market Size
India Wires and Cables Market Trends
India Wires and Cables Market Regional Analysis
India Wires and Cables Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market value was INR 1,083.71 billion.
The market is expected to grow at a CAGR of 14.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach INR 3,655.81 billion by 2032.
The major market drivers include rising government investment in Tier 2 city metro projects, expansion of IT and telecommunication centre, and rapid infrastructure development.
The key trends include increasing adoption of renewable energy, growth of social media and the proliferation of smart devices, rapid digital transformation, and the development of data centres and cloud computing.
The different segments based on voltage of wires and cables include low voltage, medium voltage, and high voltage.
Major end uses of wires and cables include construction, telecommunications, energy and power, automotive, and aerospace and defence, among others.
The major players in the market include Polycab India Limited, KEI Industries Limited, R R Kabel Ltd, Universal Cable Limited, Gloster Cables Limited, Finolex Cables Ltd., V-Guard Industries Ltd., and Havells India Ltd., among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124