Growth in Indian Wire and Cable Industry- The Way Forward
India’s wire and cable industry has emerged as one of the fastest-growing sectors within the country’s electrical and infrastructure ecosystem. As of FY2024, the market size stood at approximately INR 1,702 billion, nearly doubling from INR 859 billion in FY2019. This remarkable expansion reflects a 14.7% CAGR over five years. Looking ahead, the industry is forecasted to grow at a 11–13% CAGR through FY2029, depending on how various structural reforms, government initiatives, and private investments play out.
Key indicators for sustainable growth are: government-led infrastructure boom; rapid growth of renewable energy and electrification; 5G, data centers, and telecom expansion; real estate, smart cities, and smart homes; automotive and EV revolution; and rising export potential and global realignment.
This growth in the industry is structurally driven—not just cyclical. India’s electrification needs, infrastructure build-up, digital transformation, and global competitiveness will keep fueling this demand over the next decade.
Watch: Top Cable Companies in India
Major Trends in Terms of Technology, Product Mix, and Supply Chain
The energy segment is growing fast because of the obvious demand, as mentioned earlier. The industry is undergoing rapid modernization in terms of product innovation, technology upgrades, and supply chain integration.
Technology trends include smart cables- cables embedded with sensors or data transmission capabilities that are being used in building automation, factories, and power monitoring. The principle that ‘the last mile will always stay copper’ is influencing communication cable product strategies.
Increased safety regulations in real estate, metros, tunnels, and commercial spaces are driving demand for fire-retardant and low smoke zero halogen (LSZH) cables.
Eco-friendly materials based sustainable cables with lead-free, RoHS-compliant, and recyclable components are being adopted by premium developers and export clients.
There is a shift from commodity-grade cables to value-added specialty cables- solar, EV, instrumentation, marine, hybrid.
Impact of New Entrants in the Industry
The entry of large corporate groups like Adani, Birla Group, and other conglomerates is reshaping the industry’s competitive dynamics, bringing in innovation and modernization, creating pricing pressure on existing players, and leading to organised sectoral growth.
These players bring capital, scale, and brand strength, challenging traditional market leaders. The industry is moving towards consolidation, with smaller or regional players either exiting or merging due to margin pressure and regulatory challenges.
Increased competition has led to an arms race in R&D investment, automation, and product innovation. More firms are adopting AI-driven quality control, automated production lines, and IoT-based monitoring of cable performance, ultimately fueling innovation & modernization within the sector. Large players can offer competitive prices due to economies of scale, forcing others to rethink their pricing strategy or pivot towards niche segments, thereby putting pricing pressure on existing players.
Overall, the competition is leading to better quality, more innovation, and a faster shift towards global standards, benefiting end users. Market share of the organized sector has grown from 65% to over 73% in the last 6 years, a trend expected to continue.
Future Readiness to Compete in the Evolving Market
To maintain leadership in this dynamic market, our firm is focusing on key pillars- on service and presence in the country!
We are strengthening our association with global technology partners, notably AESA Cortaillod-Switzerland for energy & communication cable, iiM AG Germany for dimensional quality control & Proton Product UK for online gauging, like pre-heater, eccentricity gauges, diameter gauge, lump & neck detectors, spark testers, length gauges, etc. In response to the market’s growth, we are also expanding our technical support resources dedicated to our customer base. Further, we are widening our product lines to best address the needs in the Indian market.
B2B Exhibitions Fueling Industry Growth
Cable & Wire Fair is a vital enabler of industry growth by acting as a catalyst for collaboration, innovation, and visibility. It leads to brand building & product visibility, networking & lead generation, learning & market intelligence, and encouraging innovation.
It stimulates collaboration, knowledge exchange, and helps companies stay aligned with industry trends. For us, fairs like Cable & Wire Fair are key to our visibility and connecting with decision-makers. Participating in the show is a must—it helps in developing the much-needed relationships with industry players. It is a continuous effort, and we are happy to be engaged in it.
Past Participation Experience in Cable & Wire Fair
Our participation in previous editions of Cable & Wire Fair was highly beneficial as it included exposure to a targeted audience. We connected with over 200 potential buyers, including OEMs, energy consultants, and cable manufacturers.
We formed strategic partnerships and secured supply contracts with buyers / auto cable manufacturers. Real-time customer feedback from industry experts helped us fine-tune product features and packaging for specific market needs.
Expectations from Cable & Wire Fair 2025
At Cable & Wire Fair 2025, we aim to showcase our latest product line, sustainability focus, visitor engagement, technical experts available for live Q&A on product performance, installation, and safety, and business development.
Visitors to our booth can look forward to insights into our systems and instruments, designed for high-performance cable testing, cable geometry and cross-section measurement, and better insight into how we can service the installed base in India, which is becoming considerable over the years.
Visit Stand: Hall 4/ N2-1 at Cable & Wire Fair 2025, New Delhi
