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Electric Wire and Cable Market in India 2016-2020

Electric Wire and Cable Market in India 2016-2020

About Electric Wire and Cable

An electric wire is a flexible metal strand insulated with a dielectric material used as a conductor of electricity. A cable comprises two or more wires, which are bonded, twisted, or braided together. Wires and cables are encapsulated in non-conducting plastic materials, especially polyvinyl chloride (PVC) or polyethylene (PE) to protect users and the surrounding environment.

Technavio’s analysts forecast the electric wire and cable market in India to grow at a CAGR of 15.61% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the electric wire and cable market in India for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the electric wire and cable market in India.

Technavio's report, Electric Wire and Cable Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Finolex Cables
  • Havells India
  • KEI Industries
  • Polycab Wires
Other prominent vendors
  • Cable Corporation of India
  • Apar Industries Limited
  • Cords Cable Industries
  • KEC International
  • LS Cable India
  • Shilpi Cable Technologies
  • Universal Cable
  • V-Guard Industries
Market driver
  • Expansion and revamping of T&D infrastructure in India.
  • For a full, detailed list, view our report
Market challenge
  • Competitive market scenario.
  • For a full, detailed list, view our report
Market trend
  • Rise in demand for high-temperature superconducting cables.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Electric Wire and Cable Market in India 2016-2020

Technavio recognizes the following companies as the key players in the electric wire and cable market in India: Finolex Cables, Havells India, KEI Industries, and Polycab Wires.

Other prominent vendors in the market are: Cable Corporation of India, Apar Industries Limited, Cords Cable Industries, KEC International, LS Cable India, Shilpi Cable Technologies, Universal Cable, and V-Guard Industries.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is increase in sales of HVDC power cables. HVDC underground power cables have become viable options for long distance and high-voltage safe power transfer. HVDC power systems provide a viable option for long distance bulk power delivery. The European Commission has selected 43 major energy projects to build cross-border infrastructure to create an internal energy market and enhance the security of energy supply. For these projects, high loads of electricity would be required to be transferred from one country to another. HVDC cables are expected to become a viable option for such assignments in the future. India is likely to follow this trend during the forecast period. In addition, these HVDC light cables find preference over their AC counterparts, especially in submarine power transmission, due to their lightweight and dimensions.”

According to the report, one of the primary drivers in the market is growth in renewable power generation in India. A huge emphasis is given to the commercialization of renewable energy worldwide, which will create an enormous demand for electric wire and cables. This is because most of these renewable energy resources are set up in places where proper T&D infrastructure is not available. Future expansion of existing networks worldwide is also expected. These expansion activities are fueled by emerging economies such as India, which are on the verge of integrating regional grids to form a nationwide electric grid network to allow a seamless flow of electricity. All this calls for extensive T&D infrastructure development activities.

Further, the report states that one major challenge in the market is compliance to regulations. Electrical wire and cable manufacturers in India are required to comply with various safety rules and regulations for the installation of power cable systems. These regulations are scripted and decided by regulatory bodies such as American National Standards Institute (ANSI), International Electrotechnical Commission (IEC), and Institute of Electrical and Electronics Engineers (IEEE). The rules vary depending on the circuit voltage, temperature rating, and environmental conditions.



Companies Mentioned

Finolex Cables, Havells India, KEI Industries, Polycab Wires, Cable Corporation of India, Apar Industries Limited, Cords Cable Industries, KEC International, LS Cable India, Shilpi Cable Technologies, Universal Cable, V-Guard Industries.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Power sector in India
    • Market scenario
      • Table Total installed capacity in India 2014
      • Table Electricity generation sources in India 2014
    • T&D equipment market overview
      • Table Components used in T&D equipment market in India 2015
    • T&D equipment market in India
      • Table T&D equipment market in India 2015-2020 ($ millions)
    • Exports and imports of T&D equipment
      • Table Exports of T&D equipment in 2015
      • Table Imports of T&D equipment in 2015
    • Comparative study of exports and imports of T&D equipment in India
      • Table Exports and imports of T&D equipment in India 2015 ($ millions)
    • T&D investment
      • Table Government investment in T&D industry in India ($ billions)
    • T&D capacity utilization
      • Table T&D capacity utilization in India in 2015
  • Market landscape
    • Market overview
      • Table Electric wire and cable market in India 2015-2020 ($ billions)
      • Table Rural electrification in India - 5-year plan (as on March 7th, 2016)
      • Table Electricity T&D losses in India and other regions
      • Table Key facts of renewable energy sector in India
  • Segmentation by source
    • Market overview
      • Table Electric wire and cable market in India by source
      • Table Electric wire and cable market in India by source 2015-2020 ($ billions)
  • Top end-users of electric wire and cable market in India
    • Electric wire and cable market in railway sector in India
    • Electric wire and cable market in consumer durables sector in India
      • Table Factors propelling demand for consumer durables
      • Table Top five consumer durable products in India: Market scenario
    • Electric wire and cable market in construction sector in India
      • Table Smart cities planned in India as of 2015
    • Electric wire and cable market in power sector in India
      • Table Electricity generation February 2015-February 2016 (BU)
    • Electric wire and cable market in automotive in India
      • Table Automobile sector in India
      • Table Key facts of automobile industry in India
      • Table Automobile industry in India: Market scenario
  • Market drivers
    • Table Renewable power generation in India: Market outlook (MW)
    • Table Power supply position in India for 2015-2016
  • Market challenges
    • Table Regulations related to high and low voltage cables
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table High temperature superconducting cables
    • Table Smart grid market in India ($ billions)
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Finolex Cables
      • Table Revenue break up 2015
      • Table Product offered in wire and cable market
    • Havells
    • Polycab Wires
      • Table Polycab: Business segmentation
      • Table Product offering
    • KEI Industries
      • Table Revenue of KEI Industries by product 2015
      • Table Products offered by KEI
  • Appendix
    • List of abbreviations
  • Explore Technavio

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