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India Structured Cabling Market to Cross $1,504.9 Million Revenue by 2030, says P&S Intelligence
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 & 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.
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.
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 market stood at $7.4 billion in 2019, and it is projected to reach $9.6 billion in 2030.
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.
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Prajneesh Kumar
P&S Intelligence
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