Market Analysis Report Electric Wire And Cable Market

Your Catalyst to a Lucrative Business
Electric Wire And Cable Market Share, Size, Key Players, Outlook
and Forecasts to 2024 | Hexa Research
“ electric wire and cable market is expected to witness significant growth over
the forecast period.”
11 March 2019
Projected to grow at a CAGR of over 16%, electric wire and cable market is expected to witness significant
growth over the forecast period owing to growth across the power transmission & distribution sector. For
example, in state of Jammu, India government is working on upgrading transmission & distribution network
to tide over T&D losses. Also, the government has taken a Tk 676-crore project to expand the 3G network of
Teletalk to all upazilas, growth centres and educational institutions, and 2.5 G network to all villages in India.
Surging demand across several applications areas such as transmission, braking, engine, lights, seat heaters
and air conditioners is expected to drive the global electric wire and cable market over the forecast period.
Growing demand for in-vehicle wiring applications is also expected to considerably fuel market demand in
the long run. Rapid urbanization and infrastructure development along with increasing transmission grid
capacity are also expected to serve as a driver to market growth. Favorable government initiatives pertaining
to the housing sector provide several market growth opportunities. Additionally, surge in demand across
telecommunication sector is also expected to favorably impact the electric wire and cable market demand in
the long run. Technological innovations in cables such as making the cables safe, fire -resistant, fire-retardant,
non-toxic and, lead and halogen free is expected to have a positive impact on the environment. Insulated
cables are made from PVC Polymers that restrict the toxic gases and smoke as they are self extinguishing and
do not allow fire to spread. Furthermore, wires used for space applications are anticipated to drive the
market over the forecast period.
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