The rising consumption of data and expanding data center market are positively driving the India structured cabling market. The market is poised to generate $812.1 million revenue in 2030, advancing at a CAGR of 7.4% during the forecast period (2020–2030).
The COVID-19 outbreak has disrupted the supply chain of structured cables and associated components. Due to the lockdown imposed by the central and state governments, the Indian construction industry has been severely affected, due to the shrinking funds for public projects and postponement of ongoing construction projects. Due to this, the demand for structured cabling solutions from new construction projects is expected to decrease, thereby impacting the market.
Cat6 Cables To Remain Prime Choice of End Users during Forecast Period
The India structured cabling market, on the basis of wire category, is segmented into category 5e, category 6, category 6A, and category 7. Among these, category 6 (Cat6) wires generated the highest revenue in 2019, and they are projected to dominate the market during the forecast period. Their popularity can be attributed to the backward compatibility of these cables with Cat3, Cat5, and Cat5e cable systems. Further, Cat6 wires offer a 150 Megahertz (MHz) higher frequency range, for higher data speed.
The India structured cabling market, based on product, is categorized into copper cable, copper components, fiber cable, and fiber components. Among these, the copper cable category held the largest share in 2019, buoyed by the increasing replacement of older cabling infrastructure, to get better efficiency and reduce the bottlenecks in the system. Further, the high demand for copper cables in the eastern region is projected to drive the country’s market during the forecast period.
The southern region held the largest share in the structured cabling market of India in 2019, and it is expected to remain dominant during the forecast period. This can be attributed to the existence of large IT hubs in cities such as Bengaluru, Chennai, and Hyderabad. Further, the rapid adoption of structured cabling by enterprises, emergence of the internet of things (IoT) technology, rising demand for higher bandwidth, and swift digitization are resulting in the notable market growth in the region.
Market Players Are Targeting Product Launches to Consolidate Market Share
Major players in the India structured cabling industry are focusing on product launches, to increase their market share. For instance, in April 2018, DIGISOL Systems Ltd. launched its patented solder-free UTP keystones and patch panels in the country. These products offer high repeatability and consistent performance. With this launch, the company expanded its copper and fiber cabling solution portfolio in the country.
Browse report overview with detailed TOC on "India Structured Cabling Market Research Report: By Product Type (Copper Cable, Fiber Cable, Copper Components, Fiber Components), Wire Category (Category 5e, Category 6, Category 6A, Category 7), Application (Data Center, LAN), End Use (Telecommunication, Commercial, Government, Industrial) - Industry Analysis and Growth Forecast to 2030" at:https://www.psmarketresearch.com/market-analysis/india-structured-cabling-market
Some of the major players operating in the India structured cabling market are 3C3 India Pvt. Ltd., TE Connectivity Ltd., Schneider Electric SE, ABB Ltd., CommScope Holding Company Inc., Corning Incorporated, Panduit Corp, Belkin International Inc., Molex LLC, Reichle & De-Massari AG, Belden Inc., Furukawa Electric Co. Ltd., Siemon Company, and Legrand Holding SA.