5 reasons for the Indian structured cabling market's 11.5% CAGR forecast surge thru 2030

According to P&S Intelligence, a New York City-based provider of market research and consulting services, the Indian structured cabling market value stood at $508.0 million in 2020, and is predicted to surge to $1,504.9 million by 2030, exhibiting a CAGR of 11.5% from 2020 to 2030.

The analyst firm contends the Indian market is being driven by the burgeoning requirement for copper structured cabling, government's plans for developing 100 smart cities and deploying free Wi-Fi at railway stations, and the growing requirement for intelligent buildings.

As stated by the report's executive summary:

"With the growing use of data in the decision-making process and evolving needs of businesses, the country is witnessing the digital revolution. As structured cabling provides the critical support for unified and high-performance communication systems, its usage in the country is burgeoning. Additionally, the Indian structured cabling market is being driven by the soaring requirement for intelligent buildings, owing to the growing focus of organizations on making their facilities and campuses world-class."

Sample pages of the report are available at: https://www.psmarketresearch.com/market-analysis/india-structured-cabling-market/report-sample

The top five key findings of the firm's India Structured Cabling Market Report, per P&S Intelligence, include the following:

Copper cables dominated the Indian structured cabling market in the years gone by because of the surging requirement for replacing the older cabling infrastructure, and for achieving better efficiency.
Data centers, as an application, are expected to exhibit rapid expansion in the Indian structured cabling market in the coming years. The rising internet penetration, implementation of government regulations for ensuring data protection, and soaring foreign direct investments are driving the construction of such places and, in turn, the demand for structured cabling.
The southern region of the country generated the highest revenue in the Indian structured cabling market in the past, mainly because of the existence of many information technology (IT) hubs in Hyderabad, Chennai, and Bengaluru.
In the upcoming years, the Indian structured cabling market will grow fastest in the country's eastern region. The launch of government initiatives for increasing connectivity in the eastern states and the development of IT parks and hubs in Tripura and Bhubaneswar are fueling the requirement for structured cabling.
The COVID-19 pandemic has hampered the progress of the Indian structured cabling market because the lockdowns implemented for mitigating the spread of the virus negatively impacted the construction, manufacturing, automotive, and IT and telecommunications industries. Moreover, the restrictions on the movement of people and goods caused disruptions in the supply chain, which led to the closing down of construction sites, postponement of construction projects, and a sharp reduction in the funding for public projects.

According to P&S Intelligence, the most-significant players in the Indian structured cabling market are ABB Ltd., Schneider Electric SE, CommScope Holding Company Inc., ComCore Connexions Pvt. Ltd., TE Connectivity Ltd., Panduit Corp., Legrand Holding SA, Siemon Company, Belkin International Inc., and Sterlite Technologies Limited.

What follows is the firm's India Structured Cabling Market Report breakdown:

Based on Product Type:

Copper Cable

Shielded twisted pair (STP)
Foil-screened twisted pair (FTP)
Unshielded twisted pair (UTP)

Fiber Cable

Multi-mode (MM) fiber
Single-mode (SM) fiber

Copper Components

Cooper outlets
Copper patch panel ports
Copper patch cords

Fiber Components

Fiber patch panel ports
Fiber outlets
Fiber patch cords

Based on Wire Category

Category 5e
Category 6
Category 6A
Category 7

Based on Application

Data Center
Local Area Network (LAN)

Based on End Use

Telecommunication
Commercial
Government
Industrial

With Geographical Analysis including:

Northern India
Southern India
Eastern India
Western India

Related reports

P&S Intelligence notes that its related reports penetrate the industry at both greater, and more specific, scope.

The Global Structured Cabling Market report from P&S notes that the increasing demand for high bandwidth, owing to the rising internet penetration, is expected to drive the structured cabling market at a CAGR of 3.9% during 2020–2030. The analyst says market stood at $7.4 billion in 2019, and is projected to reach $9.6 billion in 2030.

Meanwhile, the analyst's Global EV Charging Cables Market report notes that Asia-Pacific accounted for the largest share in the electric vehicle charging cables market in 2020, wherein China generated the highest revenue. The region is also expected to continue to dominate the market in the forecast years, while registering the fastest growth.