This page compiles key statistics and market data on India’s wire, cable and cable-extrusion-machinery industry, drawn from published market-research sources and updated for 2026. Figures vary between research firms because of different market definitions, so ranges and sources are given for each. Feel free to cite these statistics with a link to this page.
Key Statistics at a Glance (2026)
- India’s wire & cable market is valued at about USD 23 billion in 2026, growing at roughly 9% CAGR toward USD 35.6 billion by 2031 (Mordor Intelligence).
- India’s power cable market was about USD 6.1 billion in 2024, projected to reach USD 9.5 billion by 2033 (IMARC Group).
- The organised market is led by Polycab, Havells, RR Kabel, KEI Industries and Finolex, alongside hundreds of regional and specialist manufacturers.
- The global cable manufacturing equipment market is ~USD 2.5 billion (2025), rising to USD 4.1 billion by 2034 (~6.2% CAGR) (Verified Market Reports).
- India’s solar cable market is growing at ~12.9% CAGR, from ~USD 67 million (FY2025) toward ~USD 176 million (FY2033) (Markets and Data).
- India targets 500 GW of renewable capacity by 2030 (including 280 GW solar) — a major driver of cable and machinery demand.
India Wire & Cable Market Size
India’s wire and cable market is one of the fastest-growing globally. Mordor Intelligence values it at roughly USD 23.1 billion in 2026, expanding at about 9.0% CAGR to USD 35.6 billion by 2031. Estimates differ by scope: Fortune Business Insights places the market near USD 10 billion in 2025, growing to about USD 17 billion by 2032 at 7.94% CAGR. The variation reflects whether building wire, communication cable and accessories are included.
Power Cable Market
The power cable segment is a major share of demand. IMARC Group valued India’s power cables market at USD 6.1 billion in 2024, projecting USD 9.5 billion by 2033 at ~5% CAGR — driven by grid expansion, underground cabling in cities, and renewable evacuation.
| Segment | Market size | Forecast | CAGR |
|---|---|---|---|
| India wire & cable (overall) | ~USD 23.1 bn (2026) | USD 35.6 bn by 2031 | ~9.0% |
| India power cables | USD 6.1 bn (2024) | USD 9.5 bn by 2033 | ~5.0% |
| India solar cables | ~USD 67 mn (FY2025) | ~USD 176 mn by FY2033 | ~12.9% |
| Global cable manufacturing equipment | USD 2.5 bn (2025) | USD 4.1 bn by 2034 | ~6.2% |
| Global wire extrusion machines | USD 5.5 bn (2023) | USD 8.9 bn by 2032 | ~5.5% |
Leading Cable Manufacturers in India
India’s organised cable market is led by Polycab, Havells, RR Kabel, KEI Industries and Finolex, which are among the largest listed cable makers by revenue. Alongside them, several hundred regional and specialist manufacturers serve power, building-wire, solar, submersible and communication cable segments.
Cable Machinery & Extrusion Equipment Market
Behind every cable is the machinery that makes it. The global wire extrusion machine market was ~USD 5.5 billion in 2023, forecast to reach USD 8.9 billion by 2032 (~5.5% CAGR) per Zion Market Research. The broader cable manufacturing equipment market is ~USD 2.5 billion (2025), heading to USD 4.1 billion by 2034 (Verified Market Reports). Asia-Pacific — led by India and China — is the fastest-growing region, driven by infrastructure and manufacturing expansion. Indian manufacturers such as Sai Extrumech build the extrusion lines, crossheads and screws & barrels that supply this demand.
Solar, Renewable & XLPE Cable Growth
Renewables are reshaping cable demand. India targets 500 GW of non-fossil capacity by 2030, including 280 GW of solar under the National Solar Mission. India’s solar cable market is forecast to grow at ~12.9% CAGR ({mad}). Meanwhile the Central Electricity Authority mandates high-grade, fire-retardant XLPE cables for 11 kV to 33 kV distribution, and the Green Energy Corridor Phase II plans to evacuate ~20 GW of renewable power — all lifting demand for cross-linked, medium-voltage cable and the lines that produce it.
Frequently Asked Questions
How big is India’s wire and cable market?
Estimates vary by scope and methodology. Mordor Intelligence values India’s wire and cable market at about USD 23 billion in 2026, growing at roughly 9% CAGR to USD 35.6 billion by 2031. Other firms such as Fortune Business Insights estimate around USD 10 billion in 2025 rising to about USD 17 billion by 2032 (7.94% CAGR), reflecting narrower market definitions.
What is the fastest-growing cable segment in India?
Solar cables are among the fastest-growing segments, with an estimated CAGR near 12.9% (FY2025–FY2033), driven by India’s renewable energy targets.
Who are the largest cable manufacturers in India?
The largest organised cable manufacturers in India by revenue include Polycab, Havells, RR Kabel, KEI Industries and Finolex, alongside hundreds of regional and specialist producers.
Why is XLPE cable demand growing in India?
XLPE offers higher temperature rating, durability and lower losses than PVC. India’s Central Electricity Authority mandates high-grade XLPE cables for 11 kV to 33 kV distribution networks, and renewable projects require heat- and UV-resistant cross-linked cable.
How large is the cable manufacturing equipment market?
The global cable manufacturing equipment market is estimated at about USD 2.5 billion in 2025, rising to USD 4.1 billion by 2034 (~6.2% CAGR), with Asia-Pacific — including India — the fastest-growing region.
Sources
Statistics on this page are compiled from published market research, including Mordor Intelligence, Fortune Business Insights, IMARC Group, Zion Market Research, Verified Market Reports and Markets and Data. Figures are estimates and vary by source methodology and market definition. Last updated 2026.
Compiled by Sai Extrumech Pvt. Ltd., a wire & cable extrusion machinery manufacturer in Faridabad, India. You are welcome to cite these statistics with attribution and a link to this page.
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