Indian wire and cable market Price 2025-2022 Drivers of growth, development, demand situation Size, share, trends, regional distribution Report absolute reports.
Pune, Feb. 25, 2022 (GLOBE NEWSWIRE) -- India Wire and Cable Market research report provides insights into global business analysis that includes top industry players and the competitive scenario ahead.
The India Wire & Cable Market report prepared by our experts is an excellent study that includes Wire & Cable growth, share, past & future revenue, challenges, and opportunities.
electrical cable wire
Researchers track the wire and cable market, which is expected to grow at USD 1.65 billion during 2021-2025, growing at a CAGR of nearly 4% during the forecast period.
Our report on the wire and cable market provides comprehensive analysis, market size and forecast, trends, growth drivers and challenges, and vendor analysis covering approximately 25 vendors.
Top companies in the wire and cable market typically focus on innovation opportunities related to the invention and supply of welding wire and cable.
These strategies allow key players to cover their business limitations and improve their position in the market.
Here are a few of the key players within the showcase: Ape Industries Co., Ltd.
Finolex Cable Ltd Xavier India Ltd Kay Industrial Co., Ltd.
Electrical Wire and Cable Price
The global wire and cable market price size was estimated at USD 183.14 billion in 2020.
From 2021 to 2028, it is expected to grow at a compound annual growth rate (CAGR) of 4.4%.
Increased urbanization and infrastructure development around the world are some of the main factors.
Markets driving the above factors influence the demand for electricity and energy in the commercial, industrial, and residential sectors.
Increasing investments in smart upgrades of transmission and distribution systems and smart grid development are expected to drive market growth.
The implementation of smart grid technologies has met the growing demand for network connectivity, leading to increased investment in new underground and submarine cables.
Rising energy demand in Asia Pacific, Middle East and South America has led to increased investment in smart grids in these regions.
This increases the demand for low voltage cables.
Electrical cable price in India
The domestic cable TV market in India is worth Rs 20,000 crore with little penetration by organized players.
Wire and cable are a high-value business and after the rollout of GST, it left little room for unorganized players.
The domestic cable TV market in India is over Rs 8,000 crore with low penetration by organized players.
The industrial cable market is estimated at Rs 12,000 crore and there are not many players in it.
Other factors influencing the growth of low-voltage cables include growth in power generation, the distribution sector of renewable energy, and demand from the automotive and non-automotive industries.
Urbanization and industrialization are the main reasons for increasing the overall growth of the market.
Electrical wire price in India
The wire business accounts for about 40% of the total electrical industry in India.
This growth is expanding at a CAGR of 15%, mainly targeting the country's power and infrastructure industries.
Furthermore, international investors see India as a potential market for high-voltage (HV) and extra-voltage (EHV) cables.
A wire is a piece of metal used to carry electrical current, while a cable is a set of wires encapsulated in a plastic or rubber casing to carry electrical signals.
The materials used to produce these wires and cables are copper, aluminum, polymers, and alloys.
They are widely used in defense and gas, oil and automotive.
As the wire and cable market accounts for more than 40% of India's power industry, it directly benefits from the growth of power generation and distribution facilities.
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