Lewes, DE -- (SBWIRE) -- 12/13/2016 -- Report forecast the electric wire and cable market in India to grow at a CAGR of 15.61% during the period 2016-2020.

An electric wire is a flexible metal strand insulated with a dielectric material used as a conductor of electricity. A cable comprises two or more wires, which are bonded, twisted, or braided together. Wires and cables are encapsulated in non-conducting plastic materials, especially polyvinyl chloride (PVC) or polyethylene (PE) to protect users and the surrounding environment.

The report covers the present scenario and the growth prospects of the electric wire and cable market in India for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the electric wire and cable market in India.

According to the report, one of the primary drivers in the market is growth in renewable power generation in India. A huge emphasis is given to the commercialization of renewable energy worldwide, which will create an enormous demand for electric wire and cables. This is because most of these renewable energy resources are set up in places where proper T&D infrastructure is not available. Future expansion of existing networks worldwide is also expected. These expansion activities are fueled by emerging economies such as India, which are on the verge of integrating regional grids to form a nationwide electric grid network to allow a seamless flow of electricity. All this calls for extensive T&D infrastructure development activities.

Further, the report states that one major challenge in the market is compliance to regulations. Electrical wire and cable manufacturers in India are required to comply with various safety rules and regulations for the installation of power cable systems. These regulations are scripted and decided by regulatory bodies such as American National Standards Institute (ANSI), International Electrotechnical Commission (IEC), and Institute of Electrical and Electronics Engineers (IEEE). The rules vary depending on the circuit voltage, temperature rating, and environmental conditions.

Electric Wire and Cable Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the electric wire and cable market in India: Finolex Cables, Havells India, KEI Industries, and Polycab Wires.

Other prominent vendors in the market are: Cable Corporation of India, Apar Industries Limited, Cords Cable Industries, KEC International, LS Cable India, Shilpi Cable Technologies, Universal Cable, and V-Guard Industries.

Market driver
- Expansion and revamping of T&D infrastructure in India.
- For a full, detailed list, view our report

Market challenge
- Competitive market scenario.
- For a full, detailed list, view our report

Market trend
- Rise in demand for high-temperature superconducting cables.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 63 pages and 36 Exhibits "Electric Wire and Cable Market in India 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Power sector in India, Segmentation by source, Top end-users of electric wire and cable market in India, Market drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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