India Wires And Cables Market Size & Outlook, 2023-2030
India wires and cables market, 2017-2030 (US$M)
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India wires and cables market highlights
- The India wires and cables market generated a revenue of USD 17,270.5 million in 2023 and is expected to reach USD 24,475.8 million by 2030.
- The India market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, low voltage was the largest revenue generating voltage in 2023.
- Extra High Voltage is the most lucrative voltage segment registering the fastest growth during the forecast period.
Wires and cables market data book summary
| Market revenue in 2023 | USD 17,270.5 million |
| Market revenue in 2030 | USD 24,475.8 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Low voltage |
| Fastest growing segment | Extra High Voltage |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Voltage, Medium Voltage, High Voltage, Extra High Voltage |
| Key market players worldwide | Belden Inc, Fujikura Ltd, Furukawa Electric Co Ltd, Leoni AG ADR, Nexans, NKT A/S, Prysmian SpA, Sumitomo Corp |
Other key industry trends
- In terms of revenue, India accounted for 8.2% of the global wires and cables market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China wires and cables market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,165.9 million by 2030.
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Wires And Cables Market Scope
Wires And Cables Market Companies
| Name | Profile | # Employees | HQ | Website |
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India wires and cables market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wires and cables market will help companies and investors design strategic landscapes.
Low voltage was the largest segment with a revenue share of 51.7% in 2023. Horizon Databook has segmented the India wires and cables market based on low voltage, medium voltage, high voltage, extra high voltage covering the revenue growth of each sub-segment from 2017 to 2030.
India's wires and cables market is poised for continual expansion, propelled by the growing telecommunications sector in the country. The notable increase in internet subscribers, a result of rising internet penetration in recent years, plays a key role in driving growth in the Indian wires and cables market.
Additionally, substantial investments by telecom operators in the deployment of telecom towers in rural areas contribute significantly. This substantial investment necessitates the deployment of requisite resources, leading to heightened demand for wires and cables within the telecom sector.
This surge in usage plays an important part in ensuring improved signal transmission through consistent power supply, thereby strengthening the growth of the wires and cables market in India over the forecast period.
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Our clientele includes a mix of wires and cables market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India wires and cables market , including forecasts for subscribers. This country databook contains high-level insights into India wires and cables market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India wires and cables market size, by voltage, 2017-2030 (US$M)
India Wires And Cables Market Outlook Share, 2023 & 2030 (US$M)
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