Wires and cables market comprises nearly 40% of electrical industry

March 4, 2016 2:12 am0 commentsViews: 1755

According to industry experts, 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. The present estimated per capita consumption is only about 0.5 kg. As the new government is focusing on ‘Make in India,” the industry can grow at a similar rate for the next 5 years.

ParameterElectrolytic CopperScrap Refined (Commercial Copper)
Individual wire diameter (mm)0.1770.180
No. of strands3124
Calculated area (sq. mm)0.7620.610
Resistance ohms/km at 20oC17.2132.37
Copper content (%)99.9398.56
Temperature rise over ambient oC28.8257.42

To ensure that copper is duly tested and verified for safety, in India we have IS 694 for PVC insulated wires for working voltages up to and including 1100V, IS 8130 for specification of conductor for insulated electrical wires and flexible cords.

Additionally, the Bureau of Indian Standards (BIS) issues ISI mark to all wire and cable manufacturers on compliance of minimum qualification criteria of above mentioned IS standards.

The below aspects can ensure adherence to regulatory norms and encourage a good quality copper output:

  • Strict monitoring and compliance of qualification
    criteria by BIS before issuing ISI mark to wire
    manufacturers,
  • BIS should ensure regular sample checks of all
    ISI issued wire manufacturers,
  • Electrical consultants, A-grade contractors and
    project heads should approve the wire makes which
    should adhere to quality and maintaining resistance
    as per standards,
  • Test of wire samples in large, medium and small
    projects should be mandatory

Growing domestic market, government’s priority for infrastructure development, copper in many end-use sectors, improved lifestyle, newer opportunities, etc. have all given a boost to the Indian copper industry. Going forward the demand for copper is expected more in the railways and automobile sector.
India showed a 5% increase in copper wirerod used in wire and cable production for 2014, which is a vast improvement on the y/y reduction of 0.4% in 2013. In India wires are manufactured in organised as well as in the unorganised sector. The Indian power and cable industry has about a dozen producers in the organised sector, claiming more than two-thirds share of the market. The unorganised sector constitutes a few small units. The divergence in the two segments goes beyond  their unit sizes. The two sectors exhibit significant differences in quality and capacity. While the organised sector has been manufacturing high voltage and specialty cables, the unorganised sector limits itself to the relatively low voltage market. The organised segment caters also to the industrial market.
The electrical conductivity of copper is second only to silver and is 65% better than Aluminium,  which makes it a preferred metal for wire & cable industry. Copper being harder, stronger and more ductile, expands less and does not flow at terminations and consequently does not require periodic inspection and tightening of screws. Higher copper content in transformers improves energy performance and consequently lowers lifecycle costs in most cases.
The growing trend in the building construction and automobile sector is expected to keep demand of copper high. Understanding the  copper technology involved in copper production, exploration, mining, and the uses of copper, as well as the global industry structure would impact the copper mining on the environment, the various markets of copper, etc. The industry is affected by the price trends of copper, market performance, import/export scenario, the physical market trends, demand for copper, and of course, a market forecast. The Indian government has made an ambitious plan. According to their Indian Electrical Equipment Industry Mission Plan 2012-2022, the government has planned to make India the country of choice for the production of electrical equipment and reach an output of $100 billion by balancing exports and imports. Requirement of electrical equipment is one of the most important inputs for development of the power sector.

The user enjoys right for safe and quality products and should be quality conscious while selecting the make.

wires_cables_authorThe author is Chief Manager Building Wire,

International Copper Association India (ICA India).

 

 

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