List of Profitable Business Ideas in Wire & Cable Manufacturing Industry.
Production of PVC Electric Wires & Cables, Copper, Aluminium Wire & Cables, Power Cable, Fiber Optical Cables, PVC & XLPE Cables, HT & LT Power cables, Control Cables, PVC Insulated Cable, MV Cables, Building Wires, Automotive Cables, UPS Cables, Winding PVC Cables, Jelly Filled Telephone Cables (JFTCs), Co-axial Cables, LAN Cables, Wire Drawing and Stitching Wire.
Wires and cables play an indispensable role in today’s digitally advanced life and find extensive usage across a number of applications in several industries. The extensive usage and applications of wires and cables across various industries will put the wires and cables industry on the right path for the future.
Wires and cables market in the world and in India is highly fragmented, with the presence a number of small and medium enterprises. The organized sector manufactures high voltage durable cables, whereas the unorganized sector mainly captures the low voltage market, where products are mainly separated on the basis of the price. The wires and cables market is presently at its growing stage in our country and is expected to be capturing a significant share in the electrical equipment industry in the upcoming years.
The wires and cables in the India has witnessed a growth in recent years on account of rising demand wires and cables fueled by expansion in infrastructure development, electricity consumption and others. The surge in revenue is majorly originated from growth in power cables as a segment of wires and cables market. The upsurge in this segment has been largely led by the domestic factors such government expenditure on infrastructure, increase in level of investment, rising level of disposable income, technological advancement.
Electric power can be transmitted or distributed either by overhead system or by underground cable. Cables are mainly designed as per requirement. Power cables are mainly used for power transmission and distribution purpose. It is an assembly of one or more individually insulated electrical conductors, usually held together with an overall sheath. The assembly is used for transmission and distribution of electrical power.