Research and Markets releases “Electric Wire and Cable Market in India 2015-2019″ which forecasts the electric wire and cable market in India to grow at a compound annual growth rate of 16.18% over the period 2015-2019. It said that a key driver is growing awareness about environmental concerns in India, which is leading many companies to focus on developing wire that has a lower negative impact on the natural environment. The chemicals used in these wires have enhanced fireproofing attributes and do not produce hazardous fumes in the case of a fire. Per the report, another key market driver is the upgrade of electrical transmission and distribution network systems. The government of India is making efforts to upgrade the electrical T&D network in response to the rising demand for electricity. The modernization is also driven by the need to ensure the security of national energy reserves, the high maintenance costs of existing electrical systems, and the need to increase the efficiency of power plants.
The report states that the need to comply with various rules and regulations remains a major challenge for the market. The report includes an executive summary, list of abbreviations; market research methodology; market landscape; T&D equipment industry in India; market segmentation by sector; buying criteria; market growth drivers; drivers and their impact; market challenges; impact of drivers and challenges; market trends; trends and their impact; vendor landscape; and key vendor analysis.
