The Onus of Transmitting Power

Transmitting electric power and communication signals are the primary use cases driving the growth of wires and cables market. As electricity transmission is going to be an integral part of energy sector even when it seeks sustainability, the electric cables are going to witness continued demand. Even with the move towards renewables, the onus of transferring the generated power lies on the shoulders of electric cables.

As a result, the wire and cable market in India, which comprises nearly 40 per cent of the electrical industry, is growing at a CAGR of 15 per cent thanks to the growth of the power and infrastructure sectors. Driven by the power and energy demand in commercial, industrial, and residential sectors, the market’s growth can be attributed to the increased investments in smart upgradation of the power transmission and distribution systems and the development of smart grids.

Galvanizing the market into accelerated growth are policy and regulatory initiatives and government schemes like Ujwal Discom Assurance Yojana (UDAY), Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY), Integrated Power Development Scheme (IPDS) and Pradhan Mantri Sahaj Bijli Har Ghar Yojana. Moreover, the government's smart city project is expected to promote largescale growth in infrastructure, telecom, power generation, T&D, engineering and automotive sectors.

Influenced by its manufacturing capability, global investors now consider India as a potential market for high voltage (HV) and extra high voltage (EHV) cables. They are increasing their investments in the Indian cable market through technical collaboration with Indian cable manufacturers for production of EHV cables. Thus, electric cable manufacturers are continuously enhancing their manufacturing capability.

After studying this industry segment in-depth, we have come up with the list of Top 10 Electric Cable Manufacturers who have excelled in this field with their innovative approach. Having proven their dedication to quality and delivery in order to meet the customer expectations in an end-to-end manner, these companies have stood out from the crowd.

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