Multimillion projects drive India cable tray market

THE growth prospects for cable trays and supports in the India market are impressive, according to a new report being offered by Research and Markets. With multimillion projects laid year on year, the demand for cable tray and supports is bound to grow at an unprecedented pace, with the market set to grow at a CAGR of 15.7% during 2013-2018.

As an important ancillary industry supporting the infrastructure development currently on expansion, the growth of the cable tray and supports industry is directly linked to the performance of infrastructural development in the country. In India, an emerging hub of manufacturing and services industries, almost all industry verticals are consuming cable trays and supports during plant set up. However, the share of power sector is highest as it involves cables for power generation and transmission.

The report, Indian Cable Tray and Supports Market Outlook 2018, covers and analyzes the current and future market of cable trays and supports during 2013-2018. Besides supporting cables, cable trays and supports have other applications such as supporting pipes in the oil & gas sector, and framing supporting platforms for cement, fertilizer, sugar mills and other industries. Usually, manufacturers of cable trays and supports also manufacture gratings, towers and other fabrication structures required during plant set up.

The cable tray and support market is segmented by components (cable tray and cable tray support systems), industry verticals (power, oil and gas, steel, infrastructure, others) and major players. The support system is further segmented into welded and bolted cable tray support systems. The present report covers the demand supply scenario, plant set up costs and the distribution model. It also provides the details of under construction and projects in plan in India across the power, oil & gas, steel and infrastructure sectors.

Besides, it includes regulatory framework of the cable tray, industry drivers and challenges which are affecting the industry's growth. A thorough analysis has been conducted of industry players covering their business overview, product portfolio, infrastructure details, financial overview, business model, future strategies and key EPC contractors and end customers. Through this extensive research work, the author aims to present optimum information and a balanced research outlook on the potentials of the cable tray and support market in India.Lunar Flyknit Chukka