According to a recent research, India Cable Tray Market is projected to grow at a CAGR of around 8 percent till 2024. The construction and power utilities segments has held the largest collective revenue share in the overall cable tray market in India.
Further, this segment is expected to continue dominating the market in terms of revenue. Since it has a wide use in power, construction, manufacturing and IT and Telecommunication, cable tray market will witness a tremendous growth in near future.
Rapid urbanization, development and constructions in developing economies will add to its increasing pace. Increasing network connectivity and implementation of communication and automation, is expected to propel its growth further.
India is growing day by day and the government is trying to bring more people under the electric and network connections, resulting in a surge in the cable tray market.
We understand that the enterprises are on a constant lookout for high qualified vendors in the cable tray manufacturing segment that can keep them abreast of with changing norms.