Press release
India Wire and Cable Market is Expected to Grow Revenue up to USD 42221.8 Million By 2030 with a Growing CAGR of 16.60% | Infinium Global Research
The India Wire and Cable Market are experiencing remarkable growth, driven by the expansion and revamping of transmission and distribution (T&D) infrastructure. The government's commitment to investing INR 2.6 lakh crore in the development of T&D infrastructure, coupled with initiatives like the UDAY scheme and ambitious renewable energy targets, propels the demand for electrical wires and cables. The India wire and cable market was valued at USD 12515.5 Million in 2022 and is expected to reach USD 42221.8 Million by 2030 and grow at a CAGR of 16.60% over the forecast period.To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/1900
Government Initiatives Fueling Growth
The Government of India's investment of INR 2.6 lakh crore for the five-year period ending FY2022 is a key catalyst for the growth of the wire and cable market. Initiatives like the UDAY scheme and the aim to generate 100 GW of solar energy by 2022 further contribute to the surging demand for electrical wires and cables in the country.
Favorable Policies Driving Demand
Increasingly favorable government policies, including Power for All and 'Smart City' projects, are boosting large-scale growth in infrastructure, telecom, power generation, T&D, engineering, and automotive sectors. This surge in demand, however, introduces higher competitiveness in the market, potentially impacting product pricing.
Key Players Shaping the Market
The India Wire and Cable Market boast influential players such as Havells India Ltd., KEI Industries Ltd., Polycab India Limited, Hitachi Metals, Ltd., and Birla Cable LTD. These industry leaders are pivotal in steering the market's trajectory.
Transmission and Distribution Sector's Ongoing Focus
The Central Electricity Authority's (CEA) National Electricity Plan (NEP) outlines a blueprint for developing transmission systems to meet the increasing power generation and demand in India. The T&D sector, set to remain in focus, aligns with the government's substantial expenditure plans, ensuring the growth of the wire and cable industry.
Unprecedented Growth in the Electrical Industry
The wires and cables market in India, constituting nearly 40% of the electrical industry, experiences unprecedented growth. Policy and regulatory initiatives, along with government schemes like UDAY, DDUGJY, IPDS, and Saubhagya, contribute to the sector's robust expansion.
Anticipated GDP Growth and Electricity Demand Surge
The Institute for Energy Economics and Financial Analysis (IEEFA) forecasts a doubling of India's GDP over the next decade, growing at 7% annually. This growth is paralleled by a doubling of electricity demand, indicating a sustained need for quality electrical infrastructure.
Challenges and Opportunities
While the wire and cable market faces challenges such as global competition, price unpredictability of raw materials, and delays in project execution, it continues to be a highly attractive market. Companies are adapting to changing demand levels, focusing on meeting requirements for renewable sources, oil and gas, railways, and specialized segments.
Cable and Wire Fair 2019: A Hub for Industry Advancement
Cable and Wire Fair 2019 provides a platform for industry players to network and exhibit their latest products. With approximately 200 exhibitors from 25 countries, the event facilitates knowledge-sharing and innovation, showcasing the industry's latest and upcoming products.
Future Prospects and Market Expansion
The wire and cable industry in India is poised for significant expansion. Global investors recognize India's potential market for high and extra-high voltage cables, intending to increase investments through collaborations with Indian manufacturers. The industry anticipates heightened demand for cables in renewable energy, electric vehicles, and the establishment of EV charging infrastructure.
Enquire Here Get Customization & Check the Discount for the Report @ https://www.infiniumglobalresearch.com/reports/customization/1900
Table of Content
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/reports/enquiry/1900
Reasons to Buy this Report:
=> Comprehensive analysis of regional markets of India wire and cable.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
2nd Floor, Ganadish Empire, Rahatani Chowk, Pimple Saudagar, Pimpri-Chinchwad, Maharashtra 411027
About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release India Wire and Cable Market is Expected to Grow Revenue up to USD 42221.8 Million By 2030 with a Growing CAGR of 16.60% | Infinium Global Research here
News-ID: 3282755 • Views: …
More Releases from Infinium Global Research LLP
Conveyor belt market outlook shows stable 4.17% CAGR over 2023-2030 forecast
Conveyor belts have become essential in industries ranging from manufacturing to food processing, playing a key role in automating material handling and improving operational efficiency. As the global economy continues to embrace automation, the conveyor belt market is experiencing significant growth. With a projected compound annual growth rate (CAGR) of 4.17% from 2023 to 2030, the market's value is expected to reach USD 5.74 billion by 2030, up from USD…
Industrial automation market growth at 8.87% CAGR to drive USD 402 Bn by 2032
The global industrial automation and equipment market is undergoing a transformative phase. As industries across various sectors face increasing pressure to enhance operational efficiency, productivity, and safety, automation is emerging as a vital solution. Industrial automation integrates advanced technologies like robotics, artificial intelligence (AI), and the Internet of Things (IoT) to reduce human intervention and streamline manufacturing processes. The equipment used in these automated operations plays an essential role in…
Precision manufacturing tools market to reach USD 57 Bn by 2032, CAGR of 4% fore …
The global precision manufacturing tools market is witnessing significant growth, driven by increasing demand for high-quality and complex tools across multiple industries. These specialized tools, designed to achieve exceptional accuracy, are indispensable in manufacturing processes that require stringent tolerances and quality standards. As industries like aerospace, automotive, electronics, and medical devices expand, so too does the need for cutting-edge precision manufacturing tools that can deliver reliability, consistency, and efficiency.
In 2023,…
Heavy duty industrial tools market projected to reach USD 63 Bn by 2032 from USD …
The global market for heavy-duty industrial tools is experiencing steady growth, driven by technological advancements, industrial expansion, and rising demand across key sectors. As of 2023, the market size has surpassed USD 50 billion and is projected to expand at a compound annual growth rate (CAGR) of 2.62%, reaching USD 63 billion by 2032. The heavy-duty industrial tools market encompasses a wide range of tools designed to withstand tough conditions…
More Releases for India
India Smart Air Purifier Market Set to Witness Significant Growth by 2035 | Phil …
India smart air purifier market was valued at $125.8 million in 2024 and is projected to reach $298.7 million by 2035, growing at a CAGR of 8.3% during the forecast period (2025-2035).
India Smart Air Purifier Market Overview
The Indian smart air purifier market is experiencing significant growth, driven by increasing concerns over air pollution and its impact on health. Consumers are increasingly adopting smart air purifiers equipped with advanced features…
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026.
The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the…
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into…
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality.
India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc.
We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain…
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer.
During the domain registration process, you will…
