Real Estate And Exports Driving Growth Of Wires And Cables Industry

(MENAFN- KNN India) New Delhi, Jun 10 (KNN) The Indian wires and cables (W&C) industry is expected to see robust growth over the next five years, driven by rising demand across key sectors and expanding export opportunities, according to a report by Ambit Capital.

After a decade of moderate growth due to sluggish real estate activity and limited transmission and distribution (T&D) capital expenditure, the sector is now entering a more optimistic phase.

Nearly 50 per cent of the W&C demand comes from the real estate and power sectors, including power generation, distribution, and transmission.

Three major drivers are set to fuel this growth: a surge in new real estate launches, increased T&D investments, and the rapid expansion of renewable energy and data centre infrastructure.

Real estate alone contributes to around 35 per cent of W&C applications, while cables account for a significant portion of T&D capex.

The rise of data centres, in particular, is creating a new avenue for demand, as cables make up about 8-10 per cent of their total capital expenditure.

With digitalisation accelerating, this segment is expected to become a vital growth contributor.

On the global front, Indian W&C exports have reached USD 2 billion in the last five years, recording a robust 18 per cent compound annual growth rate (CAGR).

Indian companies are expanding their footprint in markets like the US and the Middle East and are now targeting Europe. Many firms are also working to obtain product-level certifications to tap further into these regions.

Initially, the export push will likely focus on low-voltage and medium-voltage cables, where Indian manufacturers already have strong capabilities.

With growing domestic demand and export momentum, the Indian W&C industry is positioned for a phase of sustained and higher growth in the coming years.

(KNN Bureau)

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