List of Profitable Business Ideas in Wire and Wire Products Manufacturing Industry.
List of Profitable Business Ideas in Wire and Wire Products Manufacturing Industry.
List of Profitable Business Ideas in Wire and Wire Products Manufacturing Industry.
Production of PVC Electric Wires & Cables, Power Cable, Galvanized Iron Wire, Wire Mesh, Rosin Cored Soft Soldering Wire, Enameled Copper Wire, MIG Welding Wire, Aluminium Wire & Cables, Wire Drawing Lubricants, Nylon Coating on Zinc Wire and Copper Wire Drawing.
The wires and cables in the India has witnessed a growth in recent years on account of rising demand wires and cables fueled by expansion in infrastructure development, electricity consumption and others. The surge in revenue is majorly originated from growth in power cables as a segment of wires and cables market. The upsurge in this segment has been largely led by the domestic factors such government expenditure on infrastructure, increase in level of investment, rising level of disposable income, technological advancement.
Cable and wire industry has established itself as one of the backbones of modern information age. The increasing importance for power, light and communication has kept demand high for wire and cable. This trend will continue as demand for reliable, efficient energy and data communications will strengthen the wire and cable industry. The industry is a volume-driven product and has evolved from the unorganised to the organised sector. However, about 35 per cent of this industry is still in the unorganised.
Wires and cables play an indispensable role in today’s digitally advanced life and find extensive usage across a number of applications in several industries. The extensive usage and applications of wires and cables across various industries will put the wires and cables industry on the right path for the future. The wires and cables market is expected to double in size in the next five years. The market is growing at a CAGR of 15% as a result of growth in the power and infrastructure segments.
Enameled Copper Wires is used widely in electrical, electronic and automobile industry. Enamelled copper wires have got huge appreciation for their high thermal conductivity and corrosion resistance. The superior’s quality and high strength of these wires make these highly durable and offer ease of fabrication, joining and forming.
Enameled Copper Wires play an important role in conducting electricity between the cells of a solar panel. It separates the solar cells and conducts the current collected by cells to solar inverters that convert direct current power to alternate current power. The size or the width of the copper wires determines the maximum current that can be safely conducted. Therefore, a growing market for solar energy will expand the market demand for enameled and bare copper wires. The year-over-year increase in installed photovoltaic capacity offers significant potential to the vendors to meet the rising demand for copper wires designed for solar panels."
The increasing demand for power, light and communication has kept demand high for wire and cable. The wires and cables market in India comprises nearly 40% of the electrical industry. Due to rising demand and other South Asian countries, especially China and India, aluminium wire production capacity in the Asia Pacific region in the coming years will show a continued growth. In India, for example, due to the investment growth in many areas, consumer confidence and improve the business environment in India will contribute to growth in demand for aluminium wire. At the same time, India manufacturing planning and everyone has electricity 2019 deployment plan will translate into market demand for aluminium wire.
Power Cables are used mostly by electricity boards & big industries where consumption of electricity is large. These cables are used for domestic supply of electricity in big towns of cities or in workshops where open wiring is not suitable due to moisture & hazardous gases.
The Power Cables are used underground as well as over head transmission of power in power plants, industries, projects and all other electrical installations. Different combinations such as Aluminium, Copper conductors, round solid conductor, stranded conductors, sector shaped conductors, taped inner sheath, extruded inner sheath, Round steel and aluminium wire/Flat galvanised steel strip Armored/unarmored, single/double outer sheathed etc are available.
Power Cables
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Demand: Past and Future |
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Year |
(In '000 Km) |
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1990-91 |
25.70 |
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2000-01 |
29.65 |
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|
2001-02 |
29.45 |
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2002-03 |
31.51 |
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2003-04 |
33.40 |
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2004-05 |
36.07 |
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2005-06 |
38.78 |
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2006-07 |
41.30 |
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2007-08 |
44.60 |
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2008-09 |
47.28 |
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2009-10 |
51.06 |
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2010-11 |
55.66 |
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2011-12 |
60.67 |
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2012-13 |
66.25 |
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2013-14 |
72.48 |
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2014-15 |
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