Noida, UP -- (SBWIRE) -- 07/31/2014 -- The cable tray and supports industry is an important ancillary industry supporting the infrastructure development. The growth of this sector is directly linked to the performance of infrastructure development in the country. The demand of cable support system (cable tray and cable tray support system) is increasing year-by-year on the back of splendid development in India’s core industries and infrastructure. India has witnessed enormous growth in infrastructure, power, steel, cement and other industries creating massive demand for cable trays and supports. Our analysis depicts that the cable trays and supports market shall grow at a CAGR of 15.7% during 2013-2018.
Research Analysis & Highlights
The report “Indian Cable Tray and Supports Market Outlook 2018”, covers analysis of current and future market of cable tray and supports market in India 2013 to 2018, market segment on cable tray and cable tray support system, cable tray market by type(Welded cable tray and bolted cable tray support system). The market segmentation is done on the basis of major players present in the Indian market and demand of cable tray and support in various industries like Power, Oil and gas, Steel, Infrastructure. The report also provides the detail of current and upcoming projects in India (Power, Oil & Gas, Steel and Infrastructure). The report analyzes current and upcoming the demand supply scenario, regulatory framework, plant setup up cost and distribution model. A thorough analysis has been conducted on industry players covering their business overview, product portfolio, infrastructure details, financial overview, business model, future strategies and key EPC contractors and end customers and major drivers and challenges.
Some of the key findings of the report are:
- A strong distribution network is a prerequisite for the successful penetration of a product in the Indian market
- Export market presents great potential to Indian cable support system industry
- EPC contractors prefer to buy cable trays and support systems as a complete solution and not as individual products
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