PVC Wire and Cable Manufacturing Industry
PVC Wire and Cable Manufacturing Industry. Electrical Cables. Electric Wire for House. Production of PVC Insulated House Wire
House wiring consists of an electrical wiring system that distributes energy to be used in equipment and appliances around the house. It also involves the proper installation and operation of the electrical outlets, switches, breakers, meter base and different electrical circuits.
Features
- Excellent Electrical & mechanical properties.
- High Flame retardant properties.
- Higher Flexibility ensure easy handling & longer life.
- Steam and boiling water resistant & anti-rodent.
- 100% copper conductivity
- 96% pure electrolytic copper
- Dual layer in insulation provides better strength
- High flexibility due to uniform bunching.
- Attractive packaging
- High ageing property
These wires are flame retardant and PVC insulated making them highly suitable for domestic household applications. These house wires at highly economical prices in market. The wire offered by is widely used in houses and apartments for wiring purposes. Available in numerous technical specifications, this wire is known for its excellent finish, durability and can be availed at marginal prices.
Market Outlook
India insulated wire and cable market is forecast to grow at a CAGR of 10.3% through 2023, predominantly on account of growing government investments towards infrastructure development projects. Development of Smart Cities across the country under Smart Cities Mission coupled with increasing number of electronic devices per household and development of manufacturing industries under the ‘Make in India’ initiative, which is driving demand for power, are expected to boost market demand in the coming years. Moreover, growing demand for reliable, efficient energy and data communication from rural areas and tier II and tier III cities and towns would positively influence the country’s insulated wire and cable market.
India Insulated Wire and Cable Market Size, By Type, By Value, 2013-2023F
Moreover, growing demand for reliable, efficient energy and data communication from rural areas and tier II and tier III cities and towns would positively influence the country’s insulated wire and cable market.
Some of the major players operating in India insulated wire and cable market are Polycab Wires Pvt. Ltd., Havells India Ltd., Finolex Cables Limited, KEI Industries Ltd., RR Kabel Limited, Universal Cables Ltd., Uniflex Cables Limited, V – Guard Industries Ltd, Gupta Power Infrastructure Limited, KEC International Limited, etc.
Wire and Cable Industry
The wires and cables market in India comprises nearly 40 per cent of the electrical industry and is growing at a CAGR of 15 per cent as a result of growth in the power and infrastructure segments. The wires and cables market in India is highly fragmented, with the presence a number of small and medium enterprises. The organized sector manufactures high voltage durable and specialty cables, whereas the unorganized sector mainly captures the low voltage market, where products are mainly differentiated on the basis of price.
Growth in wires and cables market can also be attributed to the introduction of latest technologies by manufacturers in India and swift expansion of automated and innovative cost reducing manufacturing technologies, which have significantly improved the throughput of wires and cables products.
The global wires and cables market size was estimated at USD 186.09 billion in 2017 and is estimated to witness a CAGR of 6.4% over the forecast period. Increasing reserves in smart grid technology, growing renewable energy production, and government initiatives for upgrading the transmission and distribution systems are expected to drive this market. Adoption of smart grid technology has fulfilled the rising need for grid interconnections, significantly resulting in increased investments in new submarine and underground cables. In addition, the market growth is attributed to the growing offshore wind farms and high voltage direct current links.
U.S. Wire and Cable Market Size, By Voltage, 2015-2025 (USD Billion)
The demand for wire and cables is directly reliant on the expansion of the industrial sector and infrastructure development in the power generation and transmission, telecommunication, and residential and commercial sectors. Rapid urbanization and rising global population have increased the demand in these areas, thereby offering multiple opportunities to the global wire and cable market.
The global wire and cable market can be broadly segmented by based on type, material, and application. By In terms of type, the low voltage wire and cable segment is consistently expected to constitute a dominant market share between 2018 and 2026. Increasing urbanization, which is resulting in the expansion of power transmission & distribution networks and rise in residential & commercial buildings, is a major factor attributed to the segment’s high share. Moreover, rising demand for low-voltage wires in electrical installations of automobiles is another factor accounting for its dominance throughout the forecast period.
Global Wire and Cable Market Revenue, By Region, 2017 (US$ Bn)
The market is expected to grow in the coming years with increasing number of innovative product launches by the existing players, focusing on niche uses and convenience such as fire resistant (retardant) wires and cables, optical fibre cables and others. With the consumers becoming more perceptive towards value addition, providing products by anticipating the consumer needs in advance and broadening the appeal of the product to suit a variety of needs could prove vital for the growth of this industry in the coming years.
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