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India’s Electric Wire and Cable Market to Grow by USD 2.14 Billion (2024-2028), AI Impact and Renewable Power Growth Driving Revenue–Technavio Report

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NEW YORK, Oct. 21, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global electric wire and cable market in India  size is estimated to grow by USD 2.14 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 4.36%  during the forecast period. Growth in renewable power generation in India is driving market growth, with a trend towards increase in sales of HVDC power cables. However, compliance with government regulations for electric wires and cables  poses a challenge. Key market players include Apar Industries Ltd., Cable Corporation of India Ltd., Diamond Power Infrastructure Ltd., Finolex Cables Ltd., Gupta Power Infrastructure Ltd., Havells India Ltd., KEI Industries Ltd., Lapp Holding SE, LS Corp., Panasonic Holdings Corp., PLAZA CABLES, Polycab India Ltd., RR Kabel, Sark Cables Pvt. Ltd., Sterlite Power Transmission Ltd., Syska Led Lights Pvt. Ltd., Traco Cable Co. Ltd., Universal Cables Ltd., V Guard Industries Ltd., and Vindhya Telelinks Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Railway, Power, Construction, Telecom, and Others), Type (Power cable and Specialty cable), and Geography (APAC)

Region Covered

India

Key companies profiled

Apar Industries Ltd., Cable Corporation of India Ltd., Diamond Power Infrastructure Ltd., Finolex Cables Ltd., Gupta Power Infrastructure Ltd., Havells India Ltd., KEI Industries Ltd., Lapp Holding SE, LS Corp., Panasonic Holdings Corp., PLAZA CABLES, Polycab India Ltd., RR Kabel, Sark Cables Pvt. Ltd., Sterlite Power Transmission Ltd., Syska Led Lights Pvt. Ltd., Traco Cable Co. Ltd., Universal Cables Ltd., V Guard Industries Ltd., and Vindhya Telelinks Ltd.

Key Market Trends Fueling Growth

The Indian electric wire and cable market is expected to grow significantly during the forecast period due to the increasing adoption of high-voltage direct current (HVDC) underground power cables for long-distance and high-voltage power transfer. HVDC systems provide a reliable and efficient solution for bulk power delivery, especially in cross-border infrastructure projects. These projects require large amounts of electricity to be transferred between countries, making HVDC cables a preferred choice. Additionally, HVDC cables are lighter and more compact than their alternating current (AC) counterparts, making them ideal for submarine power transmission and offshore wind projects. The growth of renewable energy, particularly in the wind sector, is also expected to boost the demand for HVDC power cables in India. Therefore, the market for electric wires and cables in India is poised for growth, driven by the increasing adoption of HVDC technology for long-distance power transmission. 

The Electric Wire and Cable market in India is witnessing significant growth due to increasing trends in connectivity and the proliferation of data channels. As the second-largest producer of cables in the world, Indian companies like Finolex and Polycab are leading the charge. The telecom, power distribution, aerospace and defense, aircraft manufacturing, electronics, and renewable energy sectors are key consumers. The infrastructure development in sectors like renewable energy, metro railways, urban transportation, and congestion issues require expansion and modernization, driving demand for electric infrastructure. BlueWeave Consulting, a strategic consulting and research firm, predicts continued growth in the market due to energy demands and the shift towards sustainable energy sources. The overall outlook is positive, with opportunities in power transmission, data transmission, telecommunications transmission, and electrical infrastructure. Single metal conductors and multiple wires carry electric current in wires, while cables consist of insulated conductors for power and data transmission. 

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Market Challenges

The electric wire and cable market in India faces significant challenges due to stringent safety regulations and varying technical specifications for manufacturing and exporting products. Regulatory bodies such as ANSI, IEC, and IEEE set the rules and standards, which impact vendors’ profitability. These regulations vary based on circuit voltage, temperature rating, and environmental conditions. Compliance with these regulations increases production costs, particularly for vendors targeting exports. As a result, the electric wire and cable market growth in India may be hindered during the forecast period due to these factors.The Electric Wire and Cable market in India is growing due to rising urbanization and infrastructure development. However, challenges include complex internal energy markets, requiring joint ventures and license agreements. Smart upgrading and grid modernization through smart grids and underground cables are key trends. Undersea cables and high voltage wires for 5G progress are in demand. The market is moderately competitive, with a Herfindahl index of 1500. Export potential is high, but trade relations, duties, and distance impact competitiveness. India’s increasing internet subscribers and penetration boost fiber optic cable demand. Telecom operators and towers require extensive cabling. Infrastructure projects in rural areas and smart cities also offer opportunities. Low voltage segment growth is driven by electronic devices. Overhead and underground installation methods continue to coexist.

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Segment Overview 

This electric wire and cable market in India report extensively covers market segmentation by

End-user 1.1 Railway1.2 Power1.3 Construction1.4 Telecom1.5 OthersType 2.1 Power cable2.2 Specialty cableGeography 3.1 APAC

1.1 Railway-  The Electric Wire and Cable market in India is growing steadily due to increasing electricity demand and infrastructure development. Key players include Birla Electicals, Finolex Cables, and L&T Construction. The government’s “Power for All” initiative and Smart City projects are major drivers. Import duties on cable imports have been increased to boost local production. The market is expected to reach USD15.2 billion by 2023, growing at a CAGR of 11.5%.

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Research Analysis

The Electric Wire and Cable Market in India is moderately competitive, with numerous domestic and international players. The Herfindahl index indicates a healthy level of competition, ensuring a diverse range of offerings. India’s export potential in this sector is significant due to its large production capacity and competitive labor costs. Trade relations with key markets like the US, Europe, and the Middle East provide opportunities for growth. Duties, tariffs, and distance can impact import and export activities. With over 700 million internet subscribers and increasing internet penetration, the demand for communication cables is surging. Smart grid technology, infrastructure development, and the expansion and modernization of sectors like renewable energy, metro railways, and urban transportation are driving the demand for high-quality wires and cables. BlueWeave Consulting, a strategic consulting and research firm, predicts the market’s growth, driven by the adoption of sustainable energy sources, smart upgrading, smart grids, and the implementation of underground and submarine cables. The market is also witnessing advancements in low voltage segments and high voltage wires, as well as the progress of 5G communication technologies.

Market Research Overview

The Electric Wire and Cable Market in India is moderately competitive with a Herfindahl index of around 0.18, indicating a decent level of competition among domestic and international players. India’s export potential in this sector is significant due to its second-largest production capacity in the world. Trade relations with key markets like the US, China, and the UAE are crucial for the industry’s growth. Duties, tariffs, and distance are key factors affecting exports. With over 700 million internet subscribers and increasing internet penetration, the demand for electric wires and cables in telecom and power distribution sectors is surging. Infrastructure development projects in sectors like smart cities, renewable energy, metro railways, and urban transportation are major growth drivers. The market caters to various sectors, including power, telecommunications, residential, commercial, renewable energy sources, railways, consumer electronics, utilities, material handling, entertainment, and grid networks. Key materials used in the production of wires and cables include copper, aluminum, plastics, and alloys. The overall outlook for the Electric Wire and Cable Market in India is positive, driven by infrastructure development, energy demands, and digitization. Companies like Finolex, Polycab, and BlueWeave Consulting are playing a significant role in the expansion and modernization of the industry, focusing on sustainable energy sources and smart grid technology. However, challenges such as transportation challenges, economic downturn, and budget cuts can impact the market’s growth.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userRailwayPowerConstructionTelecomOthersTypePower CableSpecialty CableGeographyAPAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Lexmark Showcases New Printers and Technology Solutions for Retailers at NRF 2025

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NEW YORK, Jan. 12, 2025 /PRNewswire/ — Lexmark, a global imaging and IoT solutions leader, will showcase its cutting-edge, retail-ready printers and solutions at NRF 2025, Retail’s Big Show and Expo, Jan. 12 to 14, at the Jacob K. Javits Center in New York. The Lexmark showcase will be in booth #6321.

“Lexmark kicks off the year with a bang by showcasing our latest 9-Series family of A3 printers and MFPs at NRF for the first time,” said Tim Speller, Lexmark’s head of retail and manufacturing. “These sophisticated devices will usher in a new era of opportunity for retailers to maximize operational efficiency while increasing sales.”

Here’s what will be on display in Lexmark booth #6321:

New Lexmark 9-Series printers and MFPs are designed for challenging retail environments

Built by evolving Lexmark’s renowned A4 technology, the 9-Series delivers versatility, simplicity and sustainability. These solutions are easy to use and manage – perfect for any retail salesfloor or back office.

Key highlights of 9-Series:

Versatile and easy to use. The 9-Series offers a broad range of media size support (A6 to SRA3), high-volume duty cycles, a common set of modular paper-handling options, finishing capabilities and professional color features including PANTONE® calibration.Simple and easy to manage. The 9-Series’ intuitive interface streamlines workflows by providing simple instructions and prompts. For routine maintenance, toner cartridges can be replaced with one hand, easily understood visual cues are displayed, and serviceable areas are easy to access and identify.Sustainable and easy to feel good about. The 9-Series’ total post-consumer recycled (PCR) content is 56% by weight for all base-model MFPs and 73% by weight for the line’s base-model printer, based on IEEE calculation procedures. *Built to last. The 9-Series is designed and built to last seven years or more. Having few components helps reduce the likelihood of technical failure while also minimizing the service time required for repairs and maintenance. Experienced technicians can perform most common service actions, even highly complex tasks, in less than 15 minutes, according to Lexmark testing.

Lexmark Engagement Automation Platform (LEAP) helps retailers drive sales and foot traffic with hyper-local social media ads

LEAP automates one-to-one promotions that drive footfall to local stores. Store leaders can trigger hyper-personalized sale posts and boost ads based on individual store inventory conditions through loyalty program apps and social media platforms like Facebook and Instagram. With advanced analytics and reporting capabilities, LEAP provides the insights needed to measure success and make data-driven decisions.

Key highlights of LEAP:

Engagement: To engage shoppers, center promotions around customer buying patterns with an engagement automation platform that posts localized content – such as store-specific offers, events and locally grown produce initiatives.

Automation: Schedule and manage automatic localization and delivery of corporate promotional messaging with an engagement automation platform to reach consumers through social media with hyper-local content around each store or audience region.

Loyalty: Attract local customers with an engagement automation platform that sends store- and corporate-initiated offers to geo-fenced social media apps like Facebook and Instagram and loyalty program applications.

Supporting resources

Learn more about Lexmark’s booth at NRF 2025.

Read Lexmark’s NRF blog.

Schedule a booth meeting with our retail experts during NRF 2025.

Get more details about the Lexmark 9-Series.

Get more details about the Lexmark Engagement Automation Platform (LEAP).

Watch a video about LEAP.

Get the details on NRF 2025.

Follow us on LinkedIn for live NRF updates.

About Lexmark

Lexmark creates cloud-enabled imaging and IoT technologies that help customers worldwide quickly realize business outcomes. Through a powerful combination of proven technologies and deep industry expertise, Lexmark accelerates business transformation, turning information into insights, data into decisions, and analytics into action.

Lexmark and the Lexmark logo are trademarks of Lexmark International, Inc., registered in the United States and/or other countries. All other trademarks are property of their respective owners.

* PCR content measured in accordance with IEEE Std 1680.2a™ – 2017 Standard for Environmental Assessment of Imaging Equipment – Amendment 1 — which is the standard used by EPEAT.

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SOURCE Lexmark

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Pricer and Focal Systems Announce Strategic Collaboration to Drive the Next Step in Physical Store Digitalization

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Pricer, a global leader in digital shelf-edge solutions, and Focal Systems, a leader in shelf-edge AI, today announced a strategic collaboration to accelerate the digitization and optimization of the physical store for retailers worldwide.

STOCKHOLM, Jan. 12, 2025 /PRNewswire/ — This collaboration brings together Pricer’s innovations in dynamic pricing and shelf-edge communication with Focal Systems’ advanced computer vision and product availability solutions to maximize shopper satisfaction while optimizing retail operations.

As a pioneer in enabling dynamic pricing and digitizing shelf-edge shopper communication, Pricer has led the first step of the retail digitalization journey. Focal Systems has pioneered the application of computer vision to digitizing what products are available on-shelf or not in near real-time. Together, Pricer and Focal Systems will empower retailers to improve labor efficiency, reduce out-of-stocks, increase sales, and enhance shopper satisfaction like never before.

Enhancing the Shelf Edge Through Collaboration

By integrating Focal Systems’ AI-powered shelf vision cameras with Pricer’s leading electronic shelf label (ESL) platform, retailers will benefit from:

Real-Time Shelf Insights: Automated detection and alerting of out-of-stock or low items powering rapid replenishment and increased shopper satisfactionDynamic Task Automation: Streamlined workflows and prioritized tasks to improve operational efficiency for store staff.Patented Innovation: Camera-based out of stock detection and communication, flashing ESLs, alternate location communication.Seamless Integration: Standardized API connections that deliver out-of-the-box value, offering synchronized ESL flashes, messaging updates, and shelf-edge intelligence.

Together, Pricer and Focal Systems demonstrate that the combined offerings deliver measurable value for the retailers by enabling a fully digitalized shelf-edge ecosystem.

Strategic Collaboration for the Future of Retail

“We are proud to combine our leadership in ESL technology with Focal Systems’ AI-powered shelf vision,” said Chris Chalkitis, CDO at Pricer. “Both companies share a belief in the digitalization of the physical store. Pricer has been a pioneer in dynamic pricing and shelf-edge communication. With Focal Systems, we take the next step, digitizing what’s on the shelf – and what’s not – to drive greater efficiency and performance for retailers.”

Focal Systems’ AI technology transforms retail operations through real-time shelf monitoring and replenishment task optimization.

“Partnering with Pricer, a global leader with groundbreaking ESL technology and innovation, creates tremendous value for retailers,” said Kevin H. Johnson, CEO at Focal Systems. “Together, we deliver an integrated, data-driven solution that reduces operational complexity, automates workflows, and enhances the in-store experience. We look forward to demonstrating this powerful collaboration to retailers and their customers.”

Showcasing the Future at NRF 2025

The collaboration will officially debut at the National Retail Federation (NRF) Big Show in January 2025, where Pricer and Focal Systems will showcase the integrated solution at Pricer’s booth. This marks the beginning of an exciting journey to redefine the shelf edge and set new standards for retail innovation.

For further information, please contact:
Chris Chalkitis, Chief Digital Officer, +46 70 4849812
Finn Wikander, Chief Product Officer, +46 705 233077
info@pricer.com

About Pricer

Pricer is a leading global provider of digital shelf-edge solutions, helping retailers optimize pricing, improve operational efficiency, and enhance the customer experience. With patented innovations like camera-based product identification by ESL, Pricer continues to set the standard for dynamic, intelligent shelf-edge solutions. For more information, visit www.pricer.com.

About Focal Systems

Focal Systems is a leading provider of AI-powered computer vision solutions, helping retailers automate operations and optimize product availability through real-time shelf monitoring. Its advanced technology delivers actionable insights that drive efficiency and profitability. For more information, visit www.focal.systems.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/pricer/r/pricer-and-focal-systems-announce-strategic-collaboration-to-drive-the-next-step-in-physical-store-d,c4090287

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Blue Owl Capital Expands Tennis Player Sponsorship to All Grand Slam Tournaments in 2025

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Blue Owl to place logo patches on dozens of athletes competing across the Australian Open,
French Open, Wimbledon, and US Open

Jordan Thompson named as Blue Owl’s dedicated athlete ambassador for the Australian Open

NEW YORK, Jan. 12, 2025 /PRNewswire/ — Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager, announced today a marquee sponsorship agreement to expand their presence at all Grand Slam tournaments in 2025 and become the exclusive financial services partner for professional tennis’ Player Patch Program.

Blue Owl’s logo will be featured on the shirt of select players competing across men’s singles, women’s singles, mixed doubles, men’s doubles and women’s doubles competitions at this year’s Australian Open, French Open, Wimbledon, and US Open tournaments. In addition to Blue Owl’s presence on the courts, the firm will be featured in iconic Melbourne transit hubs, social media and digital media during the Australian Open in an effort to raise brand awareness within the country and the broader APAC market.

Blue Owl Chief Marketing Officer Suzanne Escousse said, “Just as Blue Owl is redefining alternative investing, we are supporting established and emerging professional players who are redefining the game of tennis. Tennis is a truly worldwide sport requiring peak performance in critical, high-pressure moments. This is the same ethos that underpins Blue Owl and allows us to focus on delivering results for our international client base. Following the success of our involvement with the Patch Program at the 2024 US Open, and given Blue Owl’s established presence within the country, Australia is the perfect place to kick off our presence across Grand Slam tournaments.”

Blue Owl has also partnered with Australian tennis professional Jordan Thompson, who will serve as the firm’s Athlete Ambassador at the 2025 Australian Open – January 12-26 in Melbourne. Most recently, Thompson won the men’s doubles at the 2024 US Open, where he was wearing a Blue Owl patch, and was a men’s doubles finalist at Wimbledon in 2024. He has also registered victories over several top-10-ranked opponents in singles competitions and previously represented Australia at the Olympics and the Davis Cup. Thompson will be one of several competitors wearing Blue Owl’s logo throughout the tournament.

Jordan Thompson said: “Blue Owl is focused on delivering excellence for its clients, which makes it a great fit for a partnership with professional tennis players. Support from firms like Blue Owl is tremendously beneficial for players who are preparing for career-defining events, especially the four Grand Slams. Our shared core values, including striving for success in every step of our journeys, whether that be in the financial services industry or competing as a professional athlete, is a perfect match. Alongside my coaches, my doubles teammate(s) and tennis fans, Blue Owl will play a key role for me here in Melbourne at the 2025 Australian Open.”

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.

With $235 billion in assets under management as of September 30, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,050 experienced professionals, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

Media Contact

Nick Theccanat
Principal, Corporate Communications & Government Affairs
Nick.Theccanat@blueowl.com

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