Connect with us

Technology

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

Published

on

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..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

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. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

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.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

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%.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022)

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/indias-electric-wire-and-cable-market-to-grow-by-usd-2-14-billion-2024-2028-ai-impact-and-renewable-power-growth-driving-revenuetechnavio-report-302281388.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

As ADA Anniversary Approaches, University of Phoenix Survey Highlights AI’s Potential to Advance Accessibility in Work and Learning

Published

on

By

Survey conducted by The Harris Poll on behalf of University of Phoenix finds among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.

PHOENIX, July 24, 2026 /PRNewswire/ — As artificial intelligence becomes part of how people work, learn and solve problems, a new University of Phoenix survey conducted by The Harris Poll finds that recent working learners see meaningful opportunities for AI to support accessibility. The survey was designed to understand the impact of AI in the workplace and learning environments on accessibility, defined as ensuring digital content, tools and resources, including AI tools and output, are usable by people with different abilities through inclusive design, use of assistive technology or conformance with accessibility standards, such as the Web Content Accessibility Guidelines (WCAG). The findings are being released ahead of the 36th anniversary of the Americans with Disabilities Act (ADA) on July 26.

The survey, conducted among 1,019 U.S. employed adults who completed a professionally presented training or school course in the past 12 months (“recent working learners”), found that, among workers already using AI in the workplace, 3 in 5 (60%) say AI has improved their knowledge of and ability to use accessibility standards and guidelines, including nearly 1 in 5 (19%) who report significant improvement. 

While the findings point to optimism about AI’s accessibility potential, they also reveal an opportunity for clearer organizational guidance: 45% of respondents say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.

“The reality is that accessibility benefits everyone,” shares Kelly Hermann, Vice President of Accessibility and Student Affairs at University of Phoenix. “If accessibility is built in from the beginning, organizations are more likely to create AI-enabled environments that are universally usable. Clearer content, better summaries, accurate captions, and multiple formats can help workers and learners with disabilities, but they also help busy adults, multilingual learners, mobile users, and anyone trying to absorb information quickly.”

Key findings from the survey include:

Workers see AI’s accessibility potential: 89% of recent working learners identify workflows that could benefit from AI and accessibility tools, especially creating accessible documents, presentations, websites or learning materials (38%), presenting information in different formats such as plain language, audio, summaries or translations (33%), and training employees or learners on accessibility practices (30%).AI may help build accessibility awareness: Among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.Accessibility is not always clear in workplace AI policies: 45% of recent working learners say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.AI tools may not yet fully support different access needs: Among those who use workplace AI tools, only about a quarter of survey respondents (27%) say AI tools available through their workplace or professional learning environment support people with disabilities very well.Human oversight remains important: 36% of recent working learners say human review for important decisions or high-impact work should be part of responsible AI use at work or school.Workers also recognize how AI and accessibility can have an impact on their own career journey: 90% of recent working learners identify AI and accessibility skills that would be valuable in their current or desired career field, including 45% who see value in understanding when AI-generated content needs human review.

Why accessibility is essential to responsible AI adoption

As AI tools are used to draft documents, summarize information, generate captions and transcripts, create image descriptions, support learning and assist with workplace tasks, accessibility becomes central to responsible use. Poorly implemented AI can also create or amplify barriers, including inaccessible content, inaccurate summaries, biased outputs and tools that do not work effectively with assistive technologies.

“Responsible AI is not only about productivity,” Hermann said. “It is about whether the technology works for the people who need to use it. AI can help create more accessible materials and more flexible ways to engage with information, but it still requires clear policies, practical training and human judgment to make sure the outputs are accurate, applicable and usable.”

What the findings mean for employers and educators

The survey suggests that organizations have an opportunity to align AI adoption with supportive design, accessibility practices and workforce training. Employers and educators can take immediate steps by:

Naming accessibility directly in AI policies and guidance.Choosing AI tools with accessibility and assistive technology compatibility in mind.Training workers and learners to create, check and improve accessible AI-generated content.Making support pathways clear for people who experience barriers using AI tools.Keeping human review in place for important decisions, high-impact work and accessibility-sensitive outputs.

The survey also found workers want practical AI training. The most helpful resources identified by recent working learners include real-world examples from their field or industry (36%), hands-on practice using realistic workplace scenarios (34%) and step-by-step demonstrations of common tasks (33%).

Accessibility insights from University of Phoenix

Hermann shared the survey findings ahead of the ADA anniversary in recent media interviews. Hermann oversees the University’s accessibility initiative, including evaluation and remediation of curricular resources, the Center for Access, Resources, Engagement and Support Services (CARES), and the Office of Collaborative Learning and Educational Engagement. Her work focuses on fostering accessible and welcoming educational environments for students, faculty and staff.

Hermann’s office at University of Phoenix also convenes accessibility conversations through initiatives such as Access Amplified™, a free, annual virtual event focused on advancing digital accessibility in web development. The event brings together engineers, developers, designers, content authors and digital strategists for practical strategies and human-centered conversations that address the gap between coding practices and how users with assistive technology experience the web.

About the survey

The survey was conducted online within the United States by The Harris Poll on behalf of University of Phoenix from June 22–29, 2026, among 1,019 employed adults ages 18 and older who have taken a professionally presented training or a school course in the past 12 months, referred to as “recent working learners.” Data were weighted where necessary by age, gender, race/ethnicity, region, education, employment, marital status, household size, household income and smoking status to bring them in line with their actual proportions in the population.

Respondents for this survey were selected from among those who have agreed to participate in surveys. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 3.8 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest.

Review the complete survey at phoenix.edu/aiaccessibility.

About University of Phoenix

University of Phoenix is Built for Real Life. 50 Years Strong. The University innovates to help working adults enhance their careers and develop skills in a rapidly changing world through flexible online learning, relevant courses, academic AI pillars, and skills-mapped curriculum for associate, bachelor’s and master’s degree programs. Active students and alumni have access to Career Services for Life® resources including career guidance and tools. For more information, visit phoenix.edu. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/as-ada-anniversary-approaches-university-of-phoenix-survey-highlights-ais-potential-to-advance-accessibility-in-work-and-learning-302834448.html

SOURCE University of Phoenix

Continue Reading

Technology

Mastech Digital to Announce Second Quarter 2026 Financial Results; Participate in Upcoming Investor Conference

Published

on

By

PITTSBURGH, July 24, 2026 /PRNewswire/ — Mastech Digital, Inc. (NYSE American: MHH) (“Mastech Digital”), a leading provider of Digital Transformation IT Services, today announced the date for the release of its financial results for the second quarter ended June 30, 2026, and its participation in an upcoming investor conference.

Second Quarter 2026 Earnings:

Mastech Digital will report its financial results for the second quarter 2026 before the market opens on Thursday, August 6, 2026. Management will host a live conference call and webcast at 9:00 a.m. Eastern Time on that day to discuss the Company’s financial performance and operating results.  The conference call will be hosted by Nirav Patel, President and CEO, and Kannan Sugantharaman, Chief Financial and Operations Officer.

Those wishing to participate via webcast should access the call through Mastech Digital’s Investor Relations website at https://investors.mastechdigital.com. Those wishing to participate via telephone may dial in at 1-800-715-9871 (USA) or 1-646-307-1963 (International) with the passcode 7506988. The replay will be available via webcast through Mastech Digital’s Investor Relations website.

Upcoming Investor Conference:

Mr. Sugantharaman will host a fireside chat at the Sidoti Micro-Cap Investor Conference on Wednesday, August 19, 2026, at 9:15 a.m. Eastern Time.

Mastech Digital management is scheduled to host virtual one-on-one and small group meetings with investors during the conference on August 19-20, 2026. Investors interested in arranging a meeting should contact their Sidoti representative or reach out to the Mastech Digital investor relations team at investors@mastechdigital.com.

About Mastech Digital, Inc.

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management, Analytics & AI Solutions, and IT Staffing Services with a digital-first approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA, with offices across the U.S., Canada, Europe, and India. Visit us at www.mastechdigital.com.

Investor Relations Contact:
investors@mastechdigital.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/mastech-digital-to-announce-second-quarter-2026-financial-results-participate-in-upcoming-investor-conference-302834421.html

SOURCE Mastech Digital, Inc.

Continue Reading

Technology

SOLAI Limited Announces Extraordinary General Meeting

Published

on

By

AKRON, Ohio, July 24, 2026 /PRNewswire/ — SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that it will hold its extraordinary general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time.

Holders of record of ordinary shares and preference shares of the Company at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to receive notice of, and to attend and vote at, the extraordinary general meeting or any adjournment thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas.

The notice of the extraordinary general meeting, which sets forth the resolutions to be submitted to shareholder approval at the extraordinary general meeting is available on the Investor Relations section of the Company’s website at https://ir.solai.com

About SOLAI Limited

SOLAI Limited (previously known as “BIT Mining Limited”) (NYSE: SLAI) (previously traded under “BTCM”) is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

For more information:

SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com 

 

View original content:https://www.prnewswire.com/news-releases/solai-limited-announces-extraordinary-general-meeting-302834034.html

SOURCE SOLAI Limited

Continue Reading

Trending