{"id":152,"date":"2025-04-01T12:35:58","date_gmt":"2025-04-01T12:35:58","guid":{"rendered":"https:\/\/cablemeasurement.com\/blog\/?p=152"},"modified":"2025-07-30T11:41:11","modified_gmt":"2025-07-30T11:41:11","slug":"top-12-growth-opportunities-for-india-cable-industry","status":"publish","type":"post","link":"https:\/\/cablemeasurement.com\/blog\/top-12-growth-opportunities-for-india-cable-industry\/","title":{"rendered":"Top 12 Growth Opportunities for India\u2019s Cable Industry in 2025"},"content":{"rendered":"\n
The cable manufacturing industry\u2019s market size in India during 2019-2020 was around 48,000 crore rupees. The share of LV cables was 35%, control & instrumentation 10%, HV & EHV 18%, rubber 3% and light-duty cables 34%. The<\/p>\n\n\n\n
size of the global cable market during the same period was around 230 billion dollars. By 2021, it is expected to grow by 14%.<\/p>\n\n\n\n
What are the major growth opportunities that India provides to its cable industry?<\/h2>\n\n\n\n
India is a growing economy. Hundreds of cities and townships are coming up. They are all potential markets. Until a few years ago, most of the cable industry\u2019s business came from the unorganized sector, which, though massive, is not structured. With a big boost to development and the government\u2019s drive to<\/p>\n\n\n\n
electrify every nook and corner of the country, this industry has immense potential. Though India\u2019s per capita consumption of cables are low compared to the developed countries, this should be seen as an opportunity rather than a drawback. It means there is more scope for growth and hence, more scope for manufacturing and selling electric cables.<\/p>\n\n\n\n
Even in the industrial sector, there is greater demand for smart systems and Internet of Things (IoT) devices that require efficient cables. <\/p>\n\n\n\n
Listed below are some opportunities that the cable industry can tap into to grow manifold:<\/strong><\/p>\n\n\n\n
1. Scope for increasing the per capita electricity consumption<\/strong> in the country.<\/strong><\/h3>\n\n\n\n
The per capita electricity consumption in India is 1181 kW compared to 3000 kW globally. Even a small country like South Korea has 10,618 kW per capita consumption. The usage of electrical appliances, rapid industrialization, and automation is ushering in a new era that will require more electricity. Also, by 2030, India\u2019s population is projected to reach 1.5-1.6 billion. As per the latest studies from the Institute of Energy, Economic, and Financial Analysis, India\u2019s GDP will double in the next ten years. With growing urbanization, there is enormous potential for the cable industry.<\/p>\n\n\n\n
2. FDI in the power sector.<\/strong><\/h3>\n\n\n\n
The Indian government is creating massive incentives for global investors to come to India and invest. The cable industry hasn\u2019t been left untouched by this initiative. Foreign investors look at India as a potential market for EHV cables and are investing heavily in technology transfer and setting up new manufacturing plants. In collaboration with Indian manufacturers, they\u2019re producing extra-high-voltage cables of up to 400 kV.<\/p>\n\n\n\n
According to the Electronics and Electrical Manufacturers Association, the Indian manufacturers themselves are developing indigenous expertise in HV cables\u2019 technology. Coupled with international partnerships, this in itself is going to create a boom for Indian cable manufacturers.<\/p>\n\n\n\n
3. Effort to bring down transmission and distribution losses.<\/strong><\/h3>\n\n\n\n<\/figure>\n\n\n\n
T&D losses are remarkably high in India compared to other countries. For example, compared to the world average of 8.64%, India\u2019s T&D losses amount to 20.65%. In South Korea, they are just 3.65%. The government is pulling all punches to bring these numbers down, and significant investments are being made in this sector. The government is also committed to providing a 24 x 7 power supply to different parts of the country. These efforts are going to require high-quality cables.<\/p>\n\n\n\n
4. Great push into renewable power sources.<\/strong><\/h3>\n\n\n\n
The government of India is committed to generating 450 GW of renewable energy by 2030 and 175 GW by 2022. Most of these projects are being built from scratch, and hence, there is a great demand for high-quality wires.<\/p>\n\n\n\n
The government of India has kickstarted multiple schemes to electrify 100% of households. Some of these schemes are; The Deen Dayal Upadhyay Gram Jyoti Yojana, the Pradhan Mantri Sahaj Bijli Har Ghar Yojana, the Integrated Power Development Scheme as well as the Ujwal Discom Development Scheme. Additionally, every village in the country is to be electrified. All these mega projects need cables of various dimensions and capacities.<\/p>\n\n\n\n
6. Rapid urbanization and smart cities<\/strong><\/h3>\n\n\n\n
The government is making a big push into building more than 100 Smart cities. Large-scale infrastructural investments are being made. Millions of people will be moving into these cities and townships, requiring transportation and electrification of unprecedented scales. This is an excellent opportunity for cable manufacturers.<\/p>\n\n\n\n
7. Electric vehicles are going mainstream<\/strong><\/h3>\n\n\n\n
As more and more people start using electric vehicles, there will be an increased demand for vehicle charging outlets just like we have petrol pumps now. The charging infrastructure will require millions of kilometres of cables.<\/p>\n\n\n\n
8. Industry 4.0 and IoT-enabled devices<\/strong><\/h3>\n\n\n\n
Modernization and up-gradation drives are going on in almost all industries. Many traditional industries operated with manpower are transitioning into heavy duty machines and automated processes powered by IoT devices. These are generating heavy demands for good quality cables that can withstand the rigors of these transformational changes.<\/p>\n\n\n\n
9. Movement towards diverse sources of energy<\/strong><\/h3>\n\n\n\n
Not just renewable energy, the government is also making a significant shift towards nuclear energy and increasing the capacities of conventional energy sources. By 2027, the government aims to increase its thermal power generation<\/p>\n\n\n\n
capacity from 231 GW to 309 GW. Similarly, right now, 6.78 GW of power is being generated through nuclear reactors, and the government aims to add 4.8 GW in the current year. This is another growth opportunity for the wire and cable Industry.<\/p>\n\n\n\n
10. Extensive electrification of railway routes<\/strong><\/h3>\n\n\n\n
The Indian railway plans to electrify 38,000 km rail routes in the next five years\u2014presenting another big window of opportunity for wire and cable manufacturers.<\/p>\n\n\n\n
11. Export opportunities<\/strong> <\/h3>\n\n\n\n
Although Indian manufacturers have been exporting to the US, Europe, and other countries, with countries and governments becoming wary of China in the wake of the pandemic, major world players are increasingly looking towards India to meet their great electric cable demands. This is an excellent opportunity for Indian wire and cable manufacturers to make a mark in the international market through quality products.<\/p>\n\n\n\n
12. The rapidly evolving work-from-home culture<\/strong><\/h3>\n\n\n\n
As they say, small drops fill up the ocean. Even employees working from home are contributing to increasing the demand for wires and cables as they use more devices, gadgets, and electrical appliances.<\/p>\n\n\n\n
![\"\"](\"https:\/\/cablemeasurement.com\/blog\/wp-content\/uploads\/2025\/04\/image-2.png\")
<\/figure>\n\n\n\n