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South Africa Wire and Cable Market is expected to Reach USD 834.5 million in 2020
Wire and Cable Market - South Africa Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
Published 23 September 2015
According to a new market report published by Transparency Market Research “Wire and Cable Market - South Africa Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” the South Africa Wire and Cable market is expected to reach a value of USD 834.5 million by 2020, growing at a CAGR of 12% from 2014 to 2020. Growing infrastructure developments in both commercial and residential sector has led to the increase in demand of wire and cable in the country. The other factor being the growing communications network which requires optical fiber cables has too helped spur the demand of wires and cables in the African nation. The demand for copper wire and cable was the largest in the country and accounted for a share of 38.17% in 2013.
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Based on type of voltage, the wire and cable market has been segmented as low voltage, medium voltage and high voltage. Depending on the need and application the varying voltage capacity wires and cables are included in devices and used accordingly. Among low, medium and high voltage cables, low voltage wires and cables has the largest market as it is used in number of the applications such as power distribution & transmission, electronic appliances, automobiles, buildings and communications among others.
Among different types of wires and cables, the demand for copper wire and cable is the largest followed by fiber optic cables in 2013, and is expected to maintain its position throughout the estimated period. The demand can be attributed to the investments made by the South African government in infrastructure to meet the demands of a rapidly growing economy and population. Copper wire and cable are used in electronic circuitry, telecommunications, power generation, distribution and transmission among several other types of electrical equipment.
Among different types of applications, the market for wires and cables is the largest in buildings which include both commercial as well as residential. The growing infrastructure development in South Africa has helped spur the demand of wire and cable in the country. The other applications where wire and cable are used are communications, power distribution & transmission, electronic appliances and automotive applications among others.
Wire and cable industry in South Africa is a consolidated market. Texas Instruments, STMicroelectronics, Renesas Aberdare Cables (Pty) Limited, CBI - electric: African Cables (Pty) Limited, B & W Instrumentation and Electrical Limited, CCG Cable Terminations Pty Limited, South Ocean Holdings Limited, Power Technologies (Pty) Limited, Industrial Cable Suppliers (Pty) Limited and General Cable Sub – Sahara Africa are among others are some of the key players in the wire and cable market.
Browse the full Wire and Cable Market - South Africa Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/south-africa-wire-cable-market.html
The wire and cable market has been segmented as follows for better understanding and to formulate winning strategies for the market players.
South Africa Wire and cable Market
By voltage
- Low voltage
- Medium voltage
- High voltage
By type
- Copper
- Aluminum
- Fiber optic
- Other
By applications
- Buildings
- Communications
- Power distribution & transmission
- Home appliances
- Automotive
- Others
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