Cable Tray and Ladder, by Types acquired the largest market revenue share in the India Cable Management market – 6Wresearch.
Cable Trays and Ladder would grow considerably in the coming years on account of its effective ventilation channels and more usage in providing support to bulk complex wirings in establishments. In addition, India's cable management market is driven by rising infrastructure, rapid growth in digital infrastructure. Additionally, the total office stock in the nation amounts to 773 million sq ft with an increase of 50 million sq ft in 2021 indicating higher demand for office projects in the nation. With a growing residential and commercial sector, the demand for cable trays and ladders is expected to increase in the forecasted years owing to its applicability in overhead and under raised floor solutions.
According to 6Wresearch, India Cable Management market size is projected to grow at a CAGR of 11.2% during 2022-28. The market would continue to climb up with India's growing demand from industrial and commercial sector of the country as cable management would hinder the entanglement of wires and cables that would connect and support the overall infrastructure of the country. Also, owing to electrification of railways, metros, tunnels, bridges, and roads overall landscape of cable management market is optimistic. Furthermore, to prevent the tangles of wires and cables necessary and to connect the cyber-physical systems and ensure their smooth operation, cable management market demand is expected to boost in smart factories.
According to Parth Taneja, Research Associate, 6Wresearch, “The India Cable Management market is expanding gradually on account of expansion of infrastructure projects nationwide, particularly in the nation's digital sector. Furthermore, India’s industrial sector structural change, rising power generation, rapidly growing transportation sector along with robust digital infrastructure is supporting India’s Cable Management market as it provides power supply protection and physical networks tracking to various verticals across nations”
According to Aditi Jindal, Research Associate, 6Wresearch, “By Regions, Northern region should be focus segment as this segment is expected to dominate the India cable management market in the coming years owing to various infrastructural development with 35 percent increase in investment inflow for real estate in Delhi-NCR. Furthermore, owing to agreements with MoUs for investments totaling $9,000 in Chennai for the establishment of data centres, cable management in Southern India would hold a significant share in the forecasted period.”
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“India Cable Management market (2022-28)” report provides an in-depth analysis with 21 figures and 11 tables, covered in 80 pages. The report comprehensively covers the market by types, applications, and regions. India cable management market report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.