The India Wire And Cable Market size is estimated at USD 19.44 billion in 2024, and is expected to reach USD 30.11 billion by 2029, growing at a CAGR of 9.14% during the forecast period (2024-2029).
The Indian wire and cable market is highly competitive and has several major players. However, many companies are increasing their market presence by securing new contracts and acquiring other companies. Key players include Finolex Cables Limited, KEI Industries Limited, Syska Led Lights Pvt Ltd, V-Guard Industries Ltd, and Havells India Ltd.
April 2024 - V-Guard unveiled its latest innovation: the 'Arizo' Wires, designed to resist melting and promote eco-safety. By harnessing advanced e-beam technology, these wires eliminate halogens and significantly reduce smoke emissions, improving electrical safety and sustainability. V-Guard's primary goal with this launch is to mitigate the risks of short circuits and fire hazards, ensuring consumers' safety.
March 2024 - Polycab India Limited, a leading electrical solutions provider, unveiled its latest TVC showcasing the Extra Safe Polycab Mmaxima+. The highlight of this release is the launch of the Polycab Mmaxima+ Green wire. Through this initiative, the company aims to provide innovation and customer safety, empowering homeowners to prioritize informed decisions for their household's well-being.
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