India Electrical Materials Industry: Size, Trends, Statistics and Market Report 2025-2033

The India electrical materials industry size reached USD 19,628.0 Million in 2024 and is projected to grow to USD 28,318.1 Million by 2033. The market is expected to expand at a CAGR of 4.16% during the forecast period from 2025 to 2033. Growth is driven by rapid urbanization, infrastructure expansion, and government initiatives such as the Revamped Distribution Sector Scheme (RDSS) and smart city projects, which boost demand for switchgear, wiring devices, and automation solutions.

STUDY ASSUMPTION YEARS

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

INDIA ELECTRICAL MATERIALS MARKET KEY TAKEAWAYS

• Current Market Size: USD 19,628.0 Million in 2024
• CAGR: 4.16% (2025-2033)
• Forecast Period: 2025-2033
• The market is driven by increasing investments in power transmission and distribution (T&D) and renewable energy sectors.
• Government initiatives like RDSS have sanctioned projects worth ₹2.77 lakh crore focusing on transmission loss reduction and smart metering.
• Rapid urbanization along with infrastructure growth accelerates demand for electrical wiring, switchgear, and distribution systems.
• Rising disposable incomes fuel consumer demand for high-performance electrical appliances and modular fittings.
• Manufacturers focus on developing materials that enhance grid reliability and energy efficiency to support modern infrastructure.

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MARKET GROWTH FACTORS

Investments in power transmission and distribution systems drive the electrical materials market in India, with the government approving worth ₹2.77 lakh crore projects under the Revamped Distribution Sector Scheme (RDSS) for reducing transmission loss and smart metering, with a physical progress of 17% until November 2024. This modernization can improve grid efficiency and increase demand for advanced switchgear (and other improved electrical materials) as renewable energy sources such as solar and wind power are connected to the grid.

The growth is helped by urbanization and increased construction activities as housing, commercial and industrial buildings require electrical wiring, switchgear and distribution equipment of power networks. The electricity sector of India grew by 6.2% in December 2024 due to initiatives like Housing for All, expansion of metro rail networks and smart city projects which required installing modern electrical components.

Continuous investment by the private sector in power generation and industrial electrification is further driving the market growth towards a resilient and low carbon electrical infrastructure. Changing consumer disposable income levels are increasing the demand for high performance accessories. Manufacturers innovate safety, durability and energy efficiency to meet changing infrastructure and future-ready, sustainable development.

MARKET SEGMENTATION

Type Insights:

• Cable Management: Components and systems used to organize, protect, and support cables.
• Circuit Breakers: Devices to protect electrical circuits from damage caused by overload or short circuit.
• Electrical Conduit: Tubing systems that protect and route electrical wiring.
• Plugs and Sockets: Connectors for electrical power devices.
• Light Switches: Devices to control the operation of lighting systems.
• Voltage Switcher: Equipment to manage voltage levels in electrical systems.
• Cable Duct: Protective channels for electrical cables.
• Others: Additional electrical materials not classified in above categories.

End User Insights:

• Commercial: Electrical materials used in commercial buildings and facilities.
• Industrial: Electrical components deployed in industrial manufacturing and production environments.
• Domestic: Electrical wiring and devices used in residential homes.

REGIONAL INSIGHTS

• North India
• South India
• East India
• West India

KEY PLAYERS

• Panasonic Electric Works India (PEWIN)
• UltraTech Cement

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