Business Ideas and Investment Opportunities

Wire & Cable Industry | Industrial Wires and Cable Production | Electric Wire and Cable Manufacturing

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Project Report

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Profitable Business Ideas for Startups

WIRE & CABLE INDUSTRY

Coaxial cables are one form of cable that is commonly utilised in the transmission of electric power and communication messages. The use of wires and cables has been accelerated by increased investments in grid projects, growing industrialization, and government investment in the energy industry. Increasing investment in the T&D sector to ensure that power is effectively transmitted to diverse electrical devices at various phases of the network, such as generating to primary and secondary customers.

The wire and cable industry has progressed from being dominated by unorganised sector players to being dominated by branded and high-quality international players. Despite the fact that the wire and cable sector is mostly volume-driven, quality and technical parameters associated with well-known brands play an important influence in influencing demand for specific products. The high voltage (HV) and extra-high voltage (EHV) cable industries grew significantly in the power cables business, owing to the acceleration of active projects in the pipeline. The revival in the telecommunications sector, as well as the reversal in electronic equipment sales, will drive demand for cable. As the world’s population grows and the construction infrastructure expands, the global wire and cable market matures and grows steadily.

ENTREPRENEURIAL OPPORTUNITIES

Wires and cables are ubiquitous in today’s digitally enabled world, and they’re used in a variety of applications across a wide range of sectors. Wires and cables are widely used and applied in a variety of industries, putting the wires and cables industry on the right track for the future. The global and Indian wires and cables markets are highly fragmented, with a large number of small and medium businesses. The organised sector produces high-voltage, long-lasting cables, whereas the unorganised sector focuses on the low-voltage market, where products are primarily differentiated by price.

In our country, the wires and cables market is currently increasing and is likely to take a considerable proportion of the electrical equipment industry in the next years. The demand for wires and cables in India has increased in recent years as a result of increased infrastructure development, increased electricity usage, and other factors. The increase in revenue is mostly due to the rise of the power cable market as a sector of the wires and cables market. Domestic factors such as government infrastructure spending, increased investment, rising disposable income, and technological innovation have all contributed to this segment’s growth. Increases in overall consumer expenditure have translated to growth in various wire and cable businesses, including automotive and electronic equipment manufacturing. As these markets grow, industry professionals will need more wire and cable to keep up with customer demand. The continuous rise in consumer spending—and the resultant effects on downstream markets—presents both a challenge and an opportunity for cable and wire manufacturers.

INDIAN MARKET OUTLOOK

In India, the wire and cable sector accounts for roughly 40% of the electrical industry. It is increasing at a CAGR of 15%, mainly to the country’s expanding electricity and infrastructure industries. Furthermore, international investors are eyeing India as a possible market for high voltage (HV) and extra high voltage (EHV) cables. Mostly as a result of increased government investments in infrastructure development projects. The development of Smart Cities across the country as part of the Smart Cities Mission, combined with an increase in the number of electronic devices per household and the development of manufacturing industries as part of the ‘Make in India’ initiative, which is driving demand for power, is expected to boost market demand. Furthermore, the increased demand for dependable, efficient energy and data connectivity in rural regions as well as tier II and tier III cities and towns would benefit the country’s insulated wire and cable industry. The increased demand for high voltage cables from end-users such as telecommunications, power distribution, oil & gas, and aerospace & defence is likely to be a major factor driving wires and cables growth. Furthermore, market trends such as polymer optic fibre products being increasingly used in industries other than telecommunications, such as automotive, aircraft manufacturing, electronics, and other industries, are expected to boost India’s wires and cables market.

GLOBAL MARKET OUTLOOK

The worldwide wires and cables market is growing at a rate of 5.0 percent each year. A wire is a single electrical conductor, but a cable is a number of wires bundled together in an assembly. Various cables, such as coaxial cables, are widely utilised throughout industrial verticals for transporting electric power and communication signals. Increasing investments in electric power transmission and distribution, as well as rising demand from data centres and the telecom industry, are likely to propel the wires and cables market forward. Global demand for wires and cables is expected to be boosted by increased expenditures in smart grid projects and upgrades to power transmission and distribution networks. Grid interconnections are becoming more important as a result of significant expenditures in smart grid technology. Increased expenditures in subterranean cables, as well as the expansion of renewable energy, are expected to accelerate the adoption of wires and cables. Some of the primary reasons driving the market are rising urbanisation and expanding infrastructure around the world. The aforementioned elements have had an impact on commercial, industrial, and residential power and energy demand. Increased expenditures in smart power transmission and distribution system upgrades, as well as the development of smart grids, are expected to propel the industry forward. Smart grid technology has been used to meet the growing need for grid interconnections, resulting in increased investments in new underground and submarine cables. In addition, financing for transmission and distribution (T&D) infrastructure for optimal transmission of power to electrical equipment at network phases such as generating and primary and secondary customers is raising the global wires and cables market valuation. T&D infrastructure investment is predicted to reach USD 6.8 trillion, according to World Energy Investment data.

TOP PLAYERS WORLDWIDE

  • Amphenol
  • Belden Inc.
  • Cords Cable Industries Ltd.
  • Encore Wire Corp
  • Finolex Cables Ltd
  • Fujikura Ltd.
  • Furukawa Electric Co., Ltd.
  • Gupta Power Infrastructure Limited
  • Havells India Ltd.
  • KEC International Limited
  • KEI Industries Ltd
  • LS Cable & System
  • Marlin Steel Wire Products LLC
  • Nexans
  • Polycab Wires Pvt. Ltd.
  • Prysmian Group
  • RR Kabel Limited
  • Southwire Company
  • Sumitomo Corporation
  • Uniflex Cables Limited
  • Universal Cables Ltd.
  • V–Guard Industries Ltd
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  • ABC (Aerial Bundled Cable) Conductors
  • Aluminium Wire & Cables
  • Aluminium Wire Drawing Wire Mesh Plant
  • Armoured Cable
  • Catenary Wires and Conductors Used In Railway Electrification
  • Copper Flats and Copper Tubes
  • Copper Wire (Wire Drawing & Enameling)
  • Copper Wire Drawing (From Higher Size to Very Thin Size Used In Electrical Cables)
  • Fiber Optical Cables (OFC)
  • House Wire
  • HT (High Tensile Wire)
  • Instrument Cable
  • Jelly Filled Cables
  • Low Tension Cables, Lt Power Cables Manufacturing Industry
  • LT Cable
  • LV Control & Power Cables, MV Cables
  • MS Binding Wires
  • Optical Fiber Cables
  • Power Cable
  • PVC & XLPE Cables
  • PVC Electric Wires & Cables
  • PVC Insulated Winding Wires for Submersible Motors
  • PVC Wires and Cables
  • Resin Cored Soldering Wire
  • R-F Coaxial Cable
  • Solder Wire & Flux
  • Steel Wire Rope
  • Stitching Wire
  • Wire Drawing Lubricants
  • Wire Drawing With Galvanizing Plant
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Benefits of a Detailed Project Report
  • The task report helps in planning and executing the venture and is additionally an essential document that is needed for getting endorsement and settling on investment decision.
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M/s. Tea Research Institute of Sri Lanka Sri Lanka Information on Cultivation and Manufacture of Tea
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M/s. Doono Ltd. Somaliland  Preparation of Detailed Project Report on Aluminium Foil Container
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M/s. Crest International Resources Pte Ltd Singapore Preparation of Detailed Project Report on Soda Ash (Light and Soda Ash Dense)
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M/s. Amponsah-Efah Pharmaceuticals Limited Ghana, West Africa Preparation of Detailed Project Report on Toothpaste
M/s. Zimbabwe Bearings Private Limited Zimbabwe Preparation of Detailed Project Report on Roller Bearing
M/s. Whitewood Nigeria Limited Nigeria Preparation of Detailed Project Report on Woven PP Cement Sacks
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