Organised segment share is projected to reach 87.5% by FY31

Organised segment share of India’s wires-and-cables market is projected to rise to 87.5% in FY31P from 79.5% in FY26, while the unorganised share falls to 12.5%. The projection accompanies market growth from Rs 1,12,210 crore in FY26 to Rs 2,10,380 crore in FY31P.

Why is the organised segment expected to gain wires-and-cables market share?

The organised segment is expected to gain share because the industry analysis identifies a shift towards branded and certified products as awareness of the risks from low-quality wires rises, particularly in residential and commercial buildings. In FY26, the organised segment accounted for 79.5% of India’s wires-and-cables market and the unorganised segment accounted for 20.5%; by FY31P, those proportions are projected at 87.5% and 12.5%, respectively. This is an 8.0-percentage-point increase for the organised segment across the five-year projection period.

The distinction rests on operating and product characteristics rather than market size alone. The organised segment comprises established manufacturers that adhere to quality standards, use advanced manufacturing technology and may meet international certifications. It also offers brand warranties, consistent performance and customer support. Structured distribution networks and compliance with safety regulations are identified as further differentiators, while the unorganised segment is described as smaller manufacturers and local vendors primarily serving regional markets and small projects where affordability can take priority.

The shift had already occurred before the FY26 base year. Organised segment share increased by 12.3 percentage points from 67.2% in FY19 to 79.5% in FY26, while unorganised share declined by the same amount from 32.8% to 20.5%. The FY26-to-FY31P projection therefore extends an earlier direction, but it depends on consumers and project buyers continuing to prefer certified, safety-compliant products over lower-cost local alternatives.

How fast are organised and unorganised segments projected to grow?

The organised segment is projected to grow faster than the overall market and the unorganised segment. The supplied segmentation reports a 15.6% compound annual growth rate, or CAGR, for the organised segment from FY26 to FY31P, compared with 13.4% for the total wires-and-cables market and 3.5% for the unorganised segment. CAGR measures the annualised rate needed to move from one period’s value to another over multiple years.

The gap in projected growth rates explains the changing market mix. India’s total wires-and-cables market is forecast to expand from Rs 1,12,210 crore in FY26 to Rs 2,10,380 crore in FY31P, an increase of Rs 98,170 crore. Because the organised segment is assigned a 15.6% FY26-to-FY31P CAGR, versus 3.5% for the unorganised segment, it is expected to capture a larger proportion of that additional market value. A continuation of this outcome requires the stated growth assumptions and the preference for organised products to hold.

The earlier period also shows different relative growth. From FY19 to FY31P, the industry analysis reports a 14.2% CAGR for the organised segment, while the unorganised segment is shown at 2.7%. Over the same FY19-to-FY31P span, the total market rises from Rs 53,310 crore to Rs 2,10,380 crore. The organised segment’s 20.3-percentage-point share gain between FY19 and FY31P is therefore associated with both overall demand expansion and a markedly different growth profile between the two channels.

What is expanding India’s wires-and-cables market through FY31P?

India’s wires-and-cables market is projected to grow at a 13.4% CAGR from FY26 to FY31P, following a stated 11.2% CAGR from FY19 to FY26. The market rose from Rs 53,310 crore in FY19 to Rs 1,12,210 crore in FY26 and is forecast to reach Rs 2,10,380 crore by FY31P. The stated demand drivers are investment in power transmission and distribution, renewable-energy integration and telecommunications infrastructure expansion.

Power-system investment requires cables for links between generation sites, grids and consumers. The analysis specifically identifies solar and wind projects, as well as high-voltage direct current underground cables for long-distance, high-voltage transmission. High-voltage direct current is a method of transmitting electricity using direct current rather than alternating current; the source says underground use can improve power-distribution efficiency and reduce transmission losses. These applications broaden demand beyond building wiring and make compliance, performance consistency and distribution capability relevant to suppliers.

Digital infrastructure provides another source of growth. Fibre-optic cables in India are projected to rise from Rs 10,500 crore in FY26 to Rs 23,310 crore in FY31P, a 17.3% CAGR, supported by demand for high-speed internet, fifth-generation mobile network deployments and digitalisation. Networking cables are projected to grow from Rs 3,590 crore to Rs 8,450 crore over the same period, at an 8.7% CAGR in the supplied table. Fibre-optic cables transmit data through light pulses, while networking cables support wired data connections in homes, offices and data centres.

Which cable categories shape the market opportunity?

Housing wires remain the largest stated Indian category in FY26, valued at Rs 33,440 crore and representing about 30% of the overall market, while power cables were valued at Rs 27,270 crore and held about 24%. Housing-wire demand is linked to urbanisation, real-estate development and Housing for All, whereas power-cable demand is linked to urbanisation and renewable-energy projects. These two categories together accounted for roughly 54% of the FY26 market by the stated shares.

Power cables are projected to have the highest growth rate among the three largest FY26 categories, at 14.8% from FY26 to FY31P, compared with 12.7% for housing wires and 11.7% for harnessing cables. Harnessing cables, used in automotive, appliance and industrial applications, were worth Rs 26,150 crore in FY26 and are linked to electric vehicles, aerospace and renewable energy. The variety of applications means the organised segment’s forecast share gain is occurring within a market that serves construction, electricity systems, industrial operations and communications networks.

Control and instrumentation cables add a separate industrial demand channel. They were valued at Rs 11,220 crore in FY26 and are projected to reach Rs 17,880 crore in FY31P, with growth linked to industrial automation and renewable-energy projects. The source identifies manufacturing plants, power facilities and oil-and-gas companies as end users. Its 9.8% projected CAGR is below the 13.4% total-market rate, showing that the market’s expansion and the rise in organised share do not require every cable category to grow at the same pace.

Conclusion

The projection to 87.5% organised segment share in FY31P represents a market-structure change alongside expansion in India’s wires-and-cables market to Rs 2,10,380 crore. The reported 15.6% FY26-to-FY31P CAGR for the organised segment, against 3.5% for the unorganised segment, is the numerical basis for the expected shift. Safety awareness, certification, quality standards and structured distribution are the mechanisms identified for the movement toward organised suppliers.

The next measure to watch is whether the projected category growth materialises, especially the 17.3% FY26-to-FY31P CAGR for fibre-optic cables and the 14.8% rate for power cables. The projection also relies on continued investment in transmission, renewable energy and telecommunications infrastructure, as well as sustained buyer preference for branded, certified products in residential and commercial installations.