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.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=2879
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.
Browse Related Reports
India Diesel Gensets Market By Rating (Low Voltage (5kVA-75kVA), Medium Voltage (75.1kVA-350kVA), High Voltage (350.1kVA-750kVA) & Very High Voltage (Above 750kVA)), By End User, Competition Forecast & Opportunities, 2013 – 2024
India Optical Fiber Cables Market By Type (Single-Mode Vs. Multi-Mode), By Material (Glass Vs. Plastic), By End User (IT & Telecom, Government, MSO (Triple Play), Defense, Healthcare & Others), Competition Forecast & Opportunities, 2013 – 2023
Global Power and Distribution Transformers Market Forecast and Opportunities, 2019
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Mr. Ken Mathews
708 Third Avenue,
New York – 10017