TechNavio recognizes the following companies as the key players in Electrical Conductors Market in India: Havells India Ltd., Kalpataru Power Transmission Ltd., KEC International Ltd., Larsen and Toubro Ltd., Polycab Wires Pvt. Ltd., and Sterlite Technologies Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “The growing popularity of green products is a major trend in the Electrical Conductors market in India. Several companies in the market are increasingly focusing on developing wires and cables that have a less detrimental impact on the environment. The chemicals used in these wires have enhanced fire-retarding capability and do not produce hazardous fumes in case of a fire. The vendors are also trying not to compromise other parameters such as flexibility, efficiency, and ease of usage while producing power cables that are eco-friendly. Some of the eco-friendly functions that major vendors maintain in power cables are flame and fire retardancy, low emission of poisonous fumes, non-corrosiveness, and halogen-free insulation.”
According to the report, the Electrical Conductors market in India is driven by several factors, including the increasing demand for electrical conductors due to replacement activities and the country’s rapid urbanization. Several end-users are replacing their old equipment such as T&D transformers, switchgears, circuit-breakers, and power cables with technically advanced T&D equipment to revamp their existing transmission networks, thus increasing the demand for electrical conductors.
Further, the report states that one of the major challenges is increasing competition among the major vendors in the market. Many vendors are reducing their product prices to capture the market of cost-driven companies and SMEs, thus increasing the competition among vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/electrical-conductors-market-in-india-20…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report – Electrical Conductors Market in India 2014-2018
