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List of Profitable Business Ideas in Wire and Wire Products Manufacturing Industry.

Monday, April 16, 2018

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List of Profitable Business Ideas in Wire and Wire Products Manufacturing Industry.

Production of PVC Electric Wires & Cables, Power Cable, Galvanized Iron Wire, Wire Mesh, Rosin Cored Soft Soldering Wire, Enameled Copper Wire, MIG Welding Wire, Aluminium Wire & Cables, Wire Drawing Lubricants, Nylon Coating on Zinc Wire and Copper Wire Drawing.

 

The wires and cables in the India has witnessed a growth in recent years on account of rising demand wires and cables fueled by expansion in infrastructure development, electricity consumption and others. The surge in revenue is majorly originated from growth in power cables as a segment of wires and cables market. The upsurge in this segment has been largely led by the domestic factors such government expenditure on infrastructure, increase in level of investment, rising level of disposable income, technological advancement.

Cable and wire industry has established itself as one of the backbones of modern information age. The increasing importance for power, light and communication has kept demand high for wire and cable. This trend will continue as demand for reliable, efficient energy and data communications will strengthen the wire and cable industry. The industry is a volume-driven product and has evolved from the unorganised to the organised sector. However, about 35 per cent of this industry is still in the unorganised.

Wires and cables play an indispensable role in today’s digitally advanced life and find extensive usage across a number of applications in several industries. The extensive usage and applications of wires and cables across various industries will put the wires and cables industry on the right path for the future. The wires and cables market is expected to double in size in the next five years. The market is growing at a CAGR of 15% as a result of growth in the power and infrastructure segments.

Enameled Copper Wires is used widely in electrical, electronic and automobile industry. Enamelled copper wires have got huge appreciation for their high thermal conductivity and corrosion resistance. The superior’s quality and high strength of these wires make these highly durable and offer ease of fabrication, joining and forming.

Enameled Copper Wires play an important role in conducting electricity between the cells of a solar panel. It separates the solar cells and conducts the current collected by cells to solar inverters that convert direct current power to alternate current power. The size or the width of the copper wires determines the maximum current that can be safely conducted. Therefore, a growing market for solar energy will expand the market demand for enameled and bare copper wires. The year-over-year increase in installed photovoltaic capacity offers significant potential to the vendors to meet the rising demand for copper wires designed for solar panels."

The increasing demand for power, light and communication has kept demand high for wire and cable. The wires and cables market in India comprises nearly 40% of the electrical industry. Due to rising demand and other South Asian countries, especially China and India, aluminium wire production capacity in the Asia Pacific region in the coming years will show a continued growth. In India, for example, due to the investment growth in many areas, consumer confidence and improve the business environment in India will contribute to growth in demand for aluminium wire. At the same time, India manufacturing planning and everyone has electricity 2019 deployment plan will translate into market demand for aluminium wire.

Power Cables are used mostly by electricity boards & big industries where consumption of electricity is large. These cables are used for domestic supply of electricity in big towns of cities or in workshops where open wiring is not suitable due to moisture & hazardous gases.

The Power Cables are used underground as well as over head transmission of power in power plants, industries, projects and all other electrical installations. Different combinations such as Aluminium, Copper conductors, round solid conductor, stranded conductors, sector shaped conductors, taped inner sheath, extruded inner sheath, Round steel and aluminium wire/Flat galvanised steel strip Armored/unarmored, single/double outer sheathed etc are available.

Power Cables

Demand: Past and Future

Year

(In '000 Km)

1990-91

25.70

2000-01

29.65

2001-02

29.45

2002-03

31.51

2003-04

33.40

2004-05

36.07

2005-06

38.78

2006-07

41.30

2007-08

44.60

2008-09

47.28

2009-10

51.06

2010-11

55.66

2011-12

60.67

2012-13

66.25

2013-14

72.48

2014-15

79.44

2015-16

84.60

2016-17

90.10

2017-18

95.96

2018-19

102.20

2019-20

108.84

2024-25

156.25

 

List of Small and Medium Businesses You Can Start:

GALVANIZED IRON WIRE

The production of G.I. Wire from H.B. wire is not complicated. In case of H.B. wire drawing from H.B. bars, certain mechanical process is used. An important difference between bar drawing and wire drawing is that the bars must remain straight. Read more

WIRE MESH (HEXAGONAL SQUARE)

Wire mesh is known as wire netting, which is supplied in various types of meshes and for various purposes. It is used by the builders i.e. fencing light, fencing poultry forms, tennis court and court yard fencing, concrete highway anchorage etc. It is also used in number of industries i.e. grain, Read more

ROSIN CORED SOFT SOLDERING WIRE

Soldering is a process of joining solid components by introduction between them a molten alloy (solder) having a lower melting poing than that of the base metal components being joined. Apart from electrical & electronics, soldering is applied in plumbing, manufacture of rediators, Read more

ENAMELED COPPER WIRE

Enameled wire is an insulated wire used in winding of armatures in transformers, switch gears and other electrical equipments. When connected to the main supply a magnetic field is developed around the enameled wire coil and it helps to the conversion of electrical energy into mechanical energy as case of motors. Read more

MIG WELDING WIRE

MIG Wire is Copper coated strong wire. MIG wires are applied to weld numerous ferrous and non-ferrous materials and give sound results Solid copper coated welding wire for welding in gas shielding atmospheres. Read more

ALUMINIUM WIRE & CABLES

Wire means Solid conductor or Insulated conductor which has strength and with cover or without cover and Cable means Insulated conductor (Solid or Strended) or two more than insulated conductor are kept together in insulated layer. Read more

NYLON COATING ON ZINC WIRE (WIRE “O“WIRE)

Polyamides are a group of thermoplastic polymers containing amid groups in the main chain. They are popularly known as Nylons, which is the trade name of E.I. Du Pont. The work carried out by carothers at E.I. Du. Pont led to commercialization of PA-66 in 1938. Read more

WIRE DRAWING LUBRICANTS

Lubricants are the products used for the lubrication of sliding or rolling elements. Product similar to these with respect to composition, manufacturing process and properties, however which serve other purposes may also considered as lubricants. Read more

PVC ELECTRIC WIRES & CABLES

In the field of insulated cables, PVC cables have occupied an important place and in fact these are most popularly used in homes for domestic wiring. Various types of PVC cables are available, e.g., cables for control, signaling, instrumentation, rural electrification and house wiring, Read more

POWER CABLE

Electrical power cables used for transmission and distribution purposes consist of conductors stranded from plain high conductively annealed copper wires insulated with oil impregnated paper tapes. Underground construction is necessitated in the more density built up portions of cities by the heavy transformers and lines required and by the multiplication of service connections to buildings. Read more

COPPER WIRE DRAWING (FROM HIGHER SIZE TO VERY THIN SIZE USED IN ELECTRICAL CABLES)

Copper wire is an essential material for electrical cables, motor and transformer winding. It is available in different gauges. The gauge of the copper wire depends upon the winding required for the specific motor or transformer. On the basis of high conductivity, strength and ductility, Read more

R-F COAXIAL CABLE

A coaxial Cable is one that consists of two conductors that share a common axis. The inner conductor is typically a straight wire, either solid or stranded and the outer conductor is typically a shield that might be braided or a foil. Coaxial cables and systems connected to them are not ideal. Read more

 

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Tags

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