Electric Wire and Cable Market Analysis Forecast 2021-2025

The India electric wire and cable market size is expected to increase by USD 1.65 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4%.This electric wire and cable market in India research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electric wire and cable market segmentation in India by end-user (railway, power, construction, telecom, and others) and type (power cable and speciality cable). 

What will the Electric Wire and Cable Market Size in India be During the Forecast Period?

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Electric Wire and Cable Market in India: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The growth in renewable power generation in India is notably driving the electric wire and cable market growth in India, although factors such as compliance to regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric wire and cable industry in India. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Electric Wire and Cable Market Driver in India

• The wire and cable industry analysis identify the growth in renewable power generation as one of the primary factors driving the electric cable and wire market growth.
• The need to commercialize renewable power generation across the world will create a significant demand for electrical wires and cables. This is mainly due to the lack of a transmission and distribution (T&D) infrastructure at locations where renewable energy resources are set up. The expansion of the existing renewable power generation plants in emerging countries will also result in the increasing demand for electrical wires and cables.

Key Electric Wire and Cable Market Trend in India

• The increasing sales of HVDC power cables are one of the key electric wire and cable market trends in India.
• The benefits of HVDC power cables such as reduced transmission losses, lightweight, and dimensions, will play a significant role in long-distance and high-voltage power transfer and in submarine power transmission.
• According to the Indian cable industry overview, HVDC power systems are the most sought-after option for long-distance power bulk power delivery and will be used in several energy projects to build cross-border infrastructure, in turn, contributing to the wire industry in India significantly throughout the forecast period.

This electric wire and cable market in India analysis report also provide detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Electric Wire and Cable Market Vendors in India?

The electric wire and cable market in India forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Apar Industries Ltd.
• Finolex Cables Ltd.
• Havells India Ltd.
• KEI Industries Ltd.
• Panasonic Corp.
• Polycab India Ltd.
• RR Kabel Ltd.
• Sterlite Power Transmission Ltd.
• Syska Led Lights Pvt. Ltd.
• V-Guard Industries Ltd.

This statistical study of the electric wire and cable market in India encompasses successful business strategies deployed by the key vendors. The electric wire and cable market in India is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Apar Industries Ltd. - The company offers various types of cables including MV/HV XLPE insulated power cables, LV XLPE insulated power cables, LV & MV aerial bunch cables, screened and instrumentation cables, concentric core (anti-theft) cables, and others.

• Apar Industries Ltd. -The conductors segment includes the design, manufacturing, and testing of conductors.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Electric Wire and Cable Market in India Value Chain Analysis

Our In-house experts produce extensive information on the value chain, and parent market of the electric wire and cable market in India which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

What are the Revenue-generating End User Segments in the Electric Wire and Cable Market in India?

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The electric wire and cable market share growth in India by the railway segment will be significant during the forecast period. Indian Railways expects an inflow of around USD 190 billion in investments over the next 5 years Mumbai-Ahmedabad high-speed rail project, which has been sanctioned at the cost of around $15 billion, will see a continuous increase in momentum. Such trends are expected to drive the demand for electric wire and cable in the railway industry in the country over the forecast period, thus propelling the growth of the market in focus.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electric wire conduit market size in India and actionable market insights on the post-COVID-19 impact on each segment.

Source from:https://www.technavio.com/