DUBLIN–(BUSINESS WIRE)–The “India Cable Management Market | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation & COVID-19 IMPACT: Market Forecast By Types, By Applications, By Regions And Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.
India Cable Management Market size is projected to grow at a CAGR of 11.2% during 2022-2028.
The rapid growth in transport infrastructure of the country including railways, metros, tunnels, bridges and roads along with the rising power generation in the country which would also support the exponential growth the country is witnessing in its digital infrastructure, positions India as the most lucrative market for cable management as it would hinder the entanglement of wires and cables that would connect and support the overall infrastructure of the country.
Furthermore, Indian railways which is now 80% electrified along with rising metro lines would have a significant contribution in the market expansion anticipated for coming years.
In addition to it, as the country is moving forward towards Industry 4.0 with a fast pace as it is well supported and compatible with the India’s robust digital infrastructure, cable management would soon be applied in smart factories to prevent entanglements of wires and cables that are essential to connect the cyber-physical systems and their seamless functioning.
India Cable Management Market Synopsis
India Cable Management market was growing steadily prior COVID-19 owing to growth in infrastructure projects across the country, especially the digital sector of the country. Energy projects has been the top priority in the economy due to its current inefficiencies and country’s growing energy needs.
Furthermore, the lack of essential transport infrastructure is the main culprit in repelling much of the foreign investments that could have further boosted the overall economy, hence, transportation has also been a key focus area for the policymakers.
However, these projects got paused due to the disruptions in manufacturing, supply chain and shortage of raw materials coupled with the price hikes during the COVID-19 outbreak which resulted in severe decline in the cable management market in 2020, yet the market bounced back over two years with faster growth as the market is now working at full potential with projects resumed. Henceforth, the market is expected to fully recover and grow at a fast pace in 2022.
Hence, the overall landscape of India cable management market growth is optimistic on account of the structural change it is going through in Industrial sector, rapidly growing transportation sector, robust digital infrastructure which is well supported by the growing energy sector of the country.
Market by Types
Cable trays and ladder acquired majority of revenue share in 2018-21 and is expected to maintain its dominance in the coming years on the back of growing demand from residential buildings, office complexes, hospitals, shopping malls and hotels. Commercial high-rise buildings and overall industrial landscape involves bulk wirings and cable connecting different processes and functions with each other.
Therefore, to organise these structures and cablings effectively, also, to increase their shelf life and efficacy involves proper management which is being performed by perforated trays and tray ladders on a large scale across the country as it also facilitates adaptability within the physical structure and simultaneously keeping the arrangement intact.
Market by End users
Commercial sector acquired the majority revenue share on the back of widespread applicability of cable management in indoor and outdoor wiring systems for tracking physical networks to store and transmit large volumes of data in offices.
Key Highlights of the Report
Market Scope and Segmentation
By Types
By Applications
By Regions
For more information about this report visit https://www.researchandmarkets.com/r/8dycuu
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