Wires
and cables are the vital components of the modern day industries
owing to its application in diversified sectors. They provide users
with communication, light, and power. The developing economy of South
Africa holds a great potential for the wire and cable market in the
near future.
The
South Africa wire and cable market is anticipated to touch US$834.5
billion by the end of 2020, exhibiting a progressive 12% CAGR between
the years 2014 and 2020. The South Africa wire and cable market was
valued at US$355.0 million in 2013.
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South Africa is witnessing a tremendous growth of automobile industry
which is boosting the wire and cable market in the country. Apart
from that, the growth in local cable manufacturers and the government
initiatives to procure from these local manufacturers are expected to
further propel the demand of wire and cables market in South Africa.
Moreover, the increasing in-vehicle wiring application bears the
biggest opportunity for key players for providing specialty
automotive wire and cable in the forecast period. On the other hand,
the rising environmental concerns regarding the recycling and safe
disposal of wire and cables is hampering the growth of the South
Africa wire and cable market.
Low
Voltage Wire and Cables Find Application in Several Industries
On
the basis of voltage, the South Africa wire and cable market has been
segmented into low voltage, medium voltage, and high voltage. The
voltage capacity or power is provided to the end-user or included in
a device as per their requirement.
Among
all the voltage type, low voltage wire and cable sector dominates the
market. This sector finds its application in various industries such
as communications, buildings, power distribution and transmission,
automobiles, and electronic applications.
Copper
Wire and Cable Sector to Continue with the Dominance in South Africa
Market
The
South Africa wire and cable market has been categorized according to
its types, which are aluminum, fiber optic, copper, and others. In
2013, the copper wire and cable segment dominated the South Africa
market with a 38.17% market share, followed by the fiber optic cables
segment.
The
domination of the copper segment is anticipated to continue
throughout the forecast period. The rising demand of copper is due to
the investments made by the South African government in
infrastructure sector. These rising investments are anticipated to
fulfill the demands of a rapidly growing population and economy of
South Africa. Copper wire and cable are widely used in power
generation, telecommunications, electronic circuitry, distribution
and transmission among other types of electrical equipment.
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Building
Segment to lead the South Africa Wire and Cable Market in the
Forecast Period
The
South Africa wire and cable market has been further segmented on the
basis of its application such as home appliances, buildings,
communication, power distribution and transmission, automotive, and
others (aerospace, consumer electronics, and healthcare).
Among
all the applications, buildings segment is the largest contributor in
the South Africa market for wires and cables that include both
residential and commercial projects. The increasing infrastructural
development and new government initiatives in South Africa have
boosted the demand of wire and cable. Another rising application
segment is telecommunications, which is growing rapidly in South
Africa. Apart from that, other applications such as power
distribution and transmission, communications, automotive and
electronic appliances collectively are expected to propel the demand
of wire and cable market in South Africa.
The
South Africa wire and cable market bears limited competition. Some of
the key players operating in the market are South Ocean Holdings
Ltd., CBI - electric: African Cables, CCG Cable Terminations,
STMicroelectronics, Texas Instruments, Renesas Aberdare Cables,
General Cable Sub-Sahara Africa, Power Technologies, and Industrial
Cable Suppliers.
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