Rising public
spending on transportation sector, growing manufacturing sector under Make in
India initiative, and increasing demand for power from rural and Tier-II &
Tier-III cities to uplift India insulated wire and cable market through 2023
According
to TechSci Research report, “India
Insulated Wire and Cable Market By Type, By Rating, By Product Installation, Competition Forecast &
Opportunities, 2013 – 2023’’, insulated wire
and cable market in India is projected to grow at a CAGR of 10.3%during 2018 - 2023.
Growth in the market can be attributed to increasing investments by the
government in public transportation, such as railways, metros, etc., in addition
to increasing number of government initiatives, including Deendayal Upadhyaya
Gram Jyoti Yojana, Smart Cities Mission and Make in India, which are driving
the power sector in the country, consequently, boosting demand for insulated
wires and cables. Moreover, growing real estate and construction sectors and increasing
focus towards renewable energy sources would fuel the country’s insulated wire
and cable market during the forecast period.
Browse 41
Figures spread through 87
Pages and an in-depth TOC on
"India
Insulated Wire and Cable Market"
In terms of wire and cable type, XLPE (Cross Linked
Polyethylene) insulated wire and cable segment is expected to witness the
fastest growth in the coming years, owing to surging acceptance of XLPE cables
in power sector due to their higher heat resistance and ability to transmit
high voltage power, and increasing laying of power transmission lines across
the nation. High voltage insulated wire and cable segment is also anticipated
to exhibit the fastest CAGR over the coming years, on the back of increasing
adoption of high voltage power cables in power sector, industrial plants and
smart cities being developed across the country. West India is the largest demand generating region in
India insulated wire and cable market, owing to high demand from manufacturing and
transportation sectors and increasing development of residential and commercial
buildings in the region.
Customers can also request for 10% free customization on this report.
“Growing investment by the government in the electrification
of villages across the nation and increasing demand for uninterrupted power
supply from Tier-II & Tier-III cities is driving the insulated wire and cable
market in India. Moreover, growing number of electronic devices per household
and rising demand for power from transportation sector is likely to aid the
market over the course of next five years”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“India Insulated Wire and Cable Market By Type, By Rating, By Product Installation, Competition
Forecast & Opportunities, 2013 – 2023” has analyzed the potential of
insulated wire and cable market, and provides statistics and information on
market size, shares and trends. The report will suffice in providing the
intending clients with cutting-edge market intelligence and help them in taking
sound investment decisions. Besides, the report also identifies and analyzes
emerging trends along with essential drivers and key challenges faced by India
insulated wire and cable market.
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