Latest News- Electric Wire And Cable Market in India: Railway is expected to lead the End-user segment during 2025-2029

The Electric Wire And Cable Market in India is being driven by Growth in renewable power generation in India

The Electric Wire And Cable Market in India is expected to grow at a CAGR of 4.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2299 million. In the Indian electricity market, high-voltage direct current (HVDC) underground power cables are gaining significance as a preferred choice for long-distance and high-voltage power transfer, ensuring safe and efficient energy transmission. The European Commission's initiative to construct cross-border infrastructure for an internal energy market and secure energy supply necessitates large-scale electricity transfer between countries. HVDC power systems offer a viable solution for such high-load energy assignments, and this trend is expected to extend to India during the forecast period. The adoption of HVDC cables will enhance the capacity and reliability of the Indian power grid, thereby bolstering the growth of the electric wire and cable market in the country. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Railway
  • Power
  • Construction
  • Telecom
  • Others
• Type
  • Power cable
  • Specialty cable
• Product
  • Low voltage cables
  • Medium voltage cables
• Geography
  • India

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth in renewable power generation in India
• Expansion and revamping of transmission and distribution (T and D) infrastructure in India
• Increase in investment in metro railways

However, the market also witnesses some limitations, which are as follows:

• Compliance with government regulations for electric wires and cables
• Volatility in raw material prices of electric wire and cable
• Rise in counterfeiting electric wire and cable products

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Market Scope in Electric Wire And Cable Market in India Research Report

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Research Analysis Overview

The Electric Wire and Cable Market in India encompasses various applications such as renewable energy, smart grids, electric vehicles, building wiring, industrial automation, data centers, and renewable energy integration. Key sectors include electrical grids modernization, power distribution systems, high-speed rail networks, and underwater cable technology. Products include cable accessories, insulation tapes, cable glands, cable management systems, safety regulations, and environmental compliance. Material science, polymer chemistry, electrical engineering, network infrastructure, transmission lines, distribution networks, circuit breakers, protective devices, insulation degradation, cable lifespan, fault detection, insulation testing equipment, cable fault locator, and cable pulling equipment are essential aspects of this market.

Market Research Overview

The Electric Wire and Cable Market in India is a significant segment of the global Electrical Components and Equipment Market. This market encompasses the manufacturing and sales of copper and aluminum conductors, as well as PVC and XLPE insulated cables. Key performance indicators for electric wires and cables include insulation resistance, dielectric strength, and current carrying capacity. The global Electrical Components and Equipment Market, which also includes manufacturers of water heaters and accessories, motors, electrical distribution and protection equipment, and more, generates substantial revenue through sales and rentals to industrial, commercial, and residential sectors. Technavio's market analysis covers this vast industry, providing insights into market trends, growth drivers, and competitive landscape.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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