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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global India Wires and Cables Market Analysis by Region
North India is anticipated to hold a dominant position in the India wires and cables market in the forecast period. In March 2023, the International Telecommunications Union (ITU) inaugurated the ITU Area Office and Innovation Centre in Delhi to promote and develop new telecom technologies and expand the benefits of digitalisation to consumers. Additionally, the construction of a new interim terminal building for the upcoming international airport at Halwara, Punjab, further aids the growth of the market.
East India holds a growing market share and is driven by rapid installation of smart grids. For instance, in August 2023, the West Bengal State Electricity Distribution Company (WBSEDCL) announced the installation of 200,000 smart meters in selected urban geographies, including Asansol and Kharagpur by 2026-end.
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
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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