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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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SOURCE Technavio

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SINBON Is Expanding Possibilities Across Industries at Electronica 2024

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Brand’s technological innovation and broad capabilities are making ideas into reality across Europe’s key sectors

MUNICH and TAIPEI, Oct. 22, 2024 /PRNewswire/ — SINBON, a Taiwan-based electronic interconnect design and integration service provider, is unveiling its latest solutions to be showcased at the upcoming Electronica 2024 trade show. The lineup illustrates how the brand’s robust technological innovation and broad customization capabilities are expanding possibilities for Europe’s most critical industries.

Please join SINBON at Hall A2, Booth 241 at Electronica 2024: Messe München, Nov. 12 – 15, 2024

For visitors to experience firsthand, SINBON will have over 60 products for various industries on display, including several solutions new to Electronica this year:

Industrial IoT: Hybrid SPE connectors—the topic of a SINBON webinar to be broadcast live at the booth—and customized solutions for smart factories, robotics, and warehouse systemsGreen energy: Customized solutions for solar energy infrastructureElectric vehicle and e-mobility: NACS AC/DC charging cables; swappable batteries; customized connectors; CCS1 and CCS2 DC charging cables and inlets; connectors tailored to e-scooters and e-motorcycles; and system integration for e-bikesMedical: Solutions for patient monitoring equipment and surgical instruments; and the Electrical Muscle Stimulation (EMS) Impulse Pack with Arm Straps

Transforming the impossible to the possible across industries: VIRALIETY

SINBON’s theme for Electronica this year will be “VIRALIETY: Unreal to Real”— coined by combining the limitless possibilities of “virtual reality” with “variety.” The theme reflects the company’s ability to innovate to overcome challenges for customers with novel solutions, as well as its extensive capabilities and reach across industries.

“SINBON keeps some of Europe’s biggest industries linked with the latest connector technologies,” noted Barrie Ryan, President of SINBON Europe. “We’ve achieved this reach by transforming our clients’ ideas into reality. Often a solution doesn’t exist yet, and we have the capabilities to turn the impossible into the possible across a wide variety of sectors.” 

Exploring how hybrid SPE accelerates industrial IoT

Hybrid single pair ethernet (SPE) delivers greater power and data transmission speeds while minimizing cables in industrial spaces. To explore this new connectivity technology, SINBON’s booth will feature a live broadcast of the company’s webinar Elevating Industrial Connectivity: Hybrid Single Pair Ethernet on Thursday, November 14, 2024, 10:30AM Central European Summer Time (UTC +02:00).

Webinar details and registration: https://us02web.zoom.us/webinar/register/WN_B2c6tSpSQw24W4-kBO6Hyg#/registration

Interactive, hands-on experiences at Electronica 2024

Offering a new and memorable way to interact with SINBON experts, visitors to the booth will have the chance to play a game that involves finding the SINBON guru using Augmented Reality. Participants will be able to win a unique gift from the company.

Booth visitors will also have the chance to test SINBON’s solutions for themselves. For industrial and automotive industries, the company is making its charging cables for robots and EVs available for attendees to experience how quickly and seamlessly they charge. In addition, visitors can also try out the new EMS Arm Straps. Lastly, SINBON will share numerous product stories that explore how they came to life and how they solve customer pain points.

About SINBON Electronics

Established in 1989 in Taiwan, SINBON Electronics is a leading provider of integrated design and production services for bespoke interconnect solutions. Driven by a commitment to customer centricity and the principles of ESG, the company offers a wide range of products and OEM/ODM services that ensure reliability and efficiency, combining extensive engineering expertise, industry knowledge, and leading innovations to customize solutions for long-term customer success. SINBON has a global footprint, with operations in Taiwan, China, Japan, the United Kingdom, Germany, Hungary, and the United States.

To learn more about SINBON’s services, please visit www.sinbon.com or follow on LinkedIn.

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Ariceum Therapeutics Presents Outstanding Data on its First-in-Class Radiopharmaceutical Drug 225Ac-Satoreotide at the European Association of Nuclear Medicine 2024

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225Ac-Satoreotide is a first-in-class somatostatin receptor 2 antagonist targeting extensive stage small cell lung cancer and is the first antagonist labelled with 225Ac to enter clinical developmentSatoreotide expressed a superior pharmacokinetic profile relative to DOTA-TATE with a higher pre-clinical anti-tumour efficacy, irrespective of radionuclide used100% survival with a single dose of 30 kBq 225Ac-satoreotide but not with 225Ac-DOTA-TATE

BERLIN, Oct. 22, 2024 /PRNewswire/ — Ariceum Therapeutics (Ariceum), a private biotech company developing radiopharmaceutical products for the diagnosis and treatment of certain hard-to-treat cancers, today announces that it presented data on its proprietary radiolabelled peptide SS0110 (satoreotide), a first-in-class antagonist of the somatostatin receptor 2 (SSTR2), at this year’s European Association of Nuclear Medicine (EANM) Annual Conference, held in Hamburg, Germany from 19-23 October 2024.

The Top-Rated Oral Presentation (TROP) entitled ‘225Ac-SSO110 induces long-lasting anti-tumour responses in contrast to 225Ac-DOTA-TATE and 161Tb-DOTA-TATE in the treatment of SSTR2-positive tumour xenografts’, details the anti-tumour efficacy of different radiolabelled satoreotide antagonists (225Ac, 161Tb, 177Lu-labelled SSO110) versus respective DOTA-TATE agonists (225Ac- and 161Tb-labelled DOTA-TATE) in mice engrafted with SSTR2 positive xenografts of small cell lung cancer (SCLC) and pancreatic cancer using clinically relevant associated dose ranges.  

Results demonstrate that 225Ac-satoreotide shows the strongest anti-tumoural effect in vivo at a low single dose when evaluating satoreotide and DOTA-TATE radiolabelled with different radionuclides. Irrespective of the radionuclides used, satoreotide demonstrated a higher pre-clinical anti-tumour efficacy when compared to DOTA-TATE which was less potent and required increased dose levels. Satoreotide was well tolerated across all dose levels and with all used radionuclides. These comparisons between satoreotide and DOTA-TATE will facilitate and guide further clinical development of satoreotide across multiple indications expressing SSTR2, such as SCLC, pancreatic cancers and Merkel Cell Carcinoma (MCC).

Previous comparisons between satoreotide and DOTA-TATE demonstrated that antagonist, 225Ac-satoreotide, is multiple times more potent than SSTR2 agonist, 225Ac-DOTA-TATE, signifying a durable complete response in standard murine xenograft models of SCLC in animal models, versus tumour growth delay.

Ariceum had previously shown at the Society of Nuclear Medicine and Molecular Imaging (SNMMI) Annual Meeting 2024 that 212Pb was not seen to be more potent than Lutetium or Terbium but caused more side effects and hence was not further pursued.

Manfred Rüdiger, Chief Executive Officer at Ariceum Therapeutics, said: “These results provide strong evidence for satoreotide and its potential to clinically outperform SSTR2 targeting agonists, by demonstrating significantly better efficacy in tumour growth control, up to complete tumour eradication depending on isotope used. In addition, when a single dose of 30 kBq 225Ac-satoreotide was administered, we observed high frequency of complete durable responses and 100% survival which strongly supports further clinical development for the treatment of SCLC, MCC and other cancers.”

Details of the oral presentation are as follow:

Title: 225Ac-SSO110 induces long-lasting anti-tumour responses in contrast to 225Ac-DOTA-TATE and 161Tb-DOTA-TATE in the treatment of SSTR2-positive tumour xenografts

Presenting Author: Prachi Desai, Scientist at Ariceum Therapeutics

Session Number: 1204
Session Title: M2M Track – TROP Session: Radiopharmaceutical Sciences + Translational Molecular Imaging & Therapy Committee: From Radionuclide to Clinical Translation

Oral Presentation Date & Time: Tuesday 22 October 2024, 09:00 AM09:10 AM CEST

Abstract Authors: Prachi Desai, Manuel Sturzbecher
–  Hoehne,
Dennis Mewis, Manfred Ruediger & Anika Jaekel  of Ariceum Therapeutics

Abstracts are available in the September edition of Springer’s European Journal of Nuclear Medicine and Molecular Imaging (EJNMMI) abstract book here and on the Ariceum website here.

About Ariceum Therapeutics

Ariceum Therapeutics (Ariceum) is a private, clinical stage radiopharmaceutical company focused on the diagnosis and precision treatment of certain neuroendocrine and other aggressive, hard-to-treat cancers. The name Ariceum is an anagram of ‘Marie Curie’ whose discovery of radium and polonium have been huge contributions to finding treatments for cancer.

Ariceum’s lead targeted systemic radiopharmaceutical product, 177Lu-satoreotide tetraxetan (“Satoreotide”), is an antagonist of the somatostatin type 2 (SSTR2) receptor which is overexpressed in neuroendocrine tumours (NETs) and some aggressive cancers such as small cell lung cancer (SCLC), or Merkel Cell Carcinoma (MCC), all of which have few treatment options and poor prognosis. Satoreotide is being developed as a ‘theranostic’ pair for the combined diagnosis and targeted radionuclide treatment of these tumours. Ariceum is also developing a radiolabelled PARP-inhibitor (ATT001), currently in Phase 1 clinical development under the trial name CITADEL-123. ATT001 was part of the acquisition of Theragnostics Ltd which was closed in June 2023.

Ariceum Therapeutics, launched in 2021, acquired all rights to Satoreotide from Ipsen. Ipsen remains a shareholder in the Company. Ariceum is headquartered in Berlin, with operations in Germany, Switzerland, Australia, United Kingdom and United States of America and with activities currently across the globe.

Ariceum is led by a highly experienced management team and supported by specialist investors including EQT Life Sciences (formerly LSP), HealthCap, Pureos Bioventures, Andera Partners and Earlybird Venture Capital. For further information, please visit www.ariceum-therapeutics.com.

About European Association of Nuclear Medicine (EANM)

The European Association of Nuclear Medicine (EANM) is a non-profit organization that promotes nuclear medicine and aims to improve public health. The EANM’s mission is to advance nuclear medicine through personalized healthcare, innovation in diagnosis and treatment, and raising awareness of nuclear medicine

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Kotak811 Launches ‘Scam The Scammers’ Playlist to Empower Customers

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MUMBAI, India, Oct. 22, 2024 /PRNewswire/ — Kotak811 announced the launch of its new YouTube playlist, ‘Scam The Scammers’. This innovative initiative aims to equip customers with the knowledge and tools to protect themselves from financial fraud.

With the surge in digital transactions, financial scams have become increasingly sophisticated. Recognising the need to empower customers, Kotak811 has curated this playlist to serve as a comprehensive resource. The videos cover a wide range of topics, including phishing attacks, fake call scams, and unauthorised transactions, offering viewers a clear understanding of how these scams operate and how to avoid falling victim.

Learn how to scam the scammer

For a deeper understanding of how to stay away from online frauds, explore the dedicated playlist ‘Scam The Scammers’ on YouTube. From detailed explanations to practical tips, these videos offer valuable insights into the safety measures in place.

Watch now: https://www.youtube.com/watch?v=xZreQiJole8&list=PL_M0wBiHI2EMh6X4LfGyXsydBe1wv_nvm&index=4 

About Kotak 811

When 8th November 2016 changed the way India transacted forever, Kotak811 was conceptualized to simplify banking and make it fully accessible online. Kotak811 was launched on 29th March 2017. As one of India’s first full service, truly digital bank, it offers customers a simple and convenient way to open a savings account and transact digitally using 180+ features on its Kotak811 Mobile Banking app, from home or on the move.

On 29th March 2022, Kotak811 presented itself as a bank within a bank, adopting a fresh and new brand identity with ‘digital at its core. As a brand ethos, Kotak811 continuously inquires into India’s banking challenges, innovates to bridge these gaps, and inspires Indians to adopt a way of banking that lets them take full control.

Kotak811 has customers from 1,000+ Cities & Towns covering over 10,000 pin codes, across the country. Every 5 seconds, a new Account is opened digitally. Interestingly, more than 50% of 811 Accounts are opened outside banking hours. Kotak 811 offers instant account opening in 3 mins and KYC via video call in 5 mins.

For more information, please visit the digital bank’s website at https://www.kotak811.com/zero-balance-savings-account-online/

Download the Kotak811 mobile banking app now:

●  For Android users: Mobile Banking App

●  For iOS users: Kotak811 Mobile Banking App

Disclaimer: This Article is for information purpose only

 

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