An electrical cable is an assembly of one or more wires running side by side or bundled, which is used to carry electric current. A power cable is an electrical cable, an assembly of one or more electrical conductors, usually held together with an overall sheath. The assembly is used for transmission of electrical power. Power cables may be installed as permanent wiring within buildings, buried in the ground, run overhead, or exposed. Flexible power cables are used for portable devices, mobile tools and machinery.
Market research analysts at Technavio have predicted that the electric wire and cable market in India will grow steadily during the next four years and post a CAGR of almost 16% by 2020. This market research analysis identifies the growth in renewable power generation to be one of the primary factors for the growth of the electric cable and wire market. One of the primary focus area of the development plan is railways, with over Rs 800,000 crore as promised investment over the period of 2015-2020.In addition, the government has ear marked Rs 50,000 crore (US$ 7.53 billion) to develop 100 smart cities across the country. Thus, due to demand it is best to invest in this project.
Few Indian major players are as under
- Aradhya Wire Ropes Pvt. Ltd.
- Associated Cables Pvt. Ltd.
- Cords Cable Inds. Ltd.
- D P Wires Ltd.
- D R S Cables Pvt. Ltd.
- Deccan Wires & Welding Products Pvt. Ltd.
- Excel Controlinkage Pvt. Ltd.