We use cookies for a better user experience. Read our Privacy Policy

I Agree

South Africa Wire and Cable Market: Burgeoning Need for Enhanced Power Transmission to Boost Consumption, finds TMR

Electronics and Semiconductors |

The South Africa wire and cable market is highly fragmented with the presence of numerous players, says Transparency Market Research (TMR) in a research report. To meet the unmet needs of the growing demand for wire and cables, manufacturers are expanding their manufacturing units. Leading companies are also focusing on the development of advanced wires and cables to gain a competitive advantage over their rivals. The key players operating in the South Africa wire and cable market are General Cable Sub-Sahara Africa, Industrial Cable Suppliers Limited, Power Technologies Limited, South Ocean Holdings Limited, CCG Cable Terminations Pvt. Ltd., B & W Instrumentation and Electrical Limited, CBI - electric: African Cables (Pty) Limited, Renesas Aberdare Cables (Pty) Limited, and Texas Instruments, STMicroelectronics.

The South Africa wire and cable market is anticipated to expand at a 12% CAGR from 2014 to 2020. The market is expected to rise to a valuation of US$834.5 mn by the end of 2020.

Copper Cables and Wires to Outstrip other Materials

Among the different materials in the South Africa wire and cable market, copper cables and wires emerged dominant in 2013 with a share of approximately 38.17%. The demand for copper cable and wire is chiefly driven by the rising expansions in the power generation sector, transmission and distribution, telecommunications, electronic circuitry, and various other kinds of electrical devices in the country. The sales of copper wire and cable is anticipated to grow with the rise in demand for automobiles in the country over the coming years. A few of the automobile component producers based in South Africa are Arvin Exhaust, Corning, Bloxwitch, and Senior Flexonics. The second most prominent segment was fiber optics. “Both the segments are estimated to uphold their qualified positions during the forecast period.” says a TMR analyst. The growing demand for both the segments can be attributed to the high investments which have been made by the South African companies along with the incentives by the government to meet the growing demands of an extensively burgeoning economy.

On the basis of voltage, the low voltage wires and cables segment held the leading market share closely trailed by the high voltage segment. The progress of the low voltage wire and cables segment can be credited to the growing applications across housing and industrial applications, electronic goods, airports, energy transmission & distribution, and railways in South Africa. The market for low voltage wires and cables in South Africa is also aided by the rising need for enhanced safety of residential and commercial buildings. Based on applications, the South Africa market for wire and cable was dominated by the buildings segment. The building segment includes both commercial and residential buildings and both the segments are growing at a significant rate.

Growing Automobile Sector to Augment Demand for Cables and Wires

Growing expansions in the power transmission and distribution sector have buoyed the growth of the South Africa wire and cable market. The adoption of cables and wires in the communications sector has further aided the progress of the market. The growing demand for wires and cables can also be credited to the mounting demand for automobiles, where cables and wires are employed in various applications. The flourishing automobile industry in South Africa has contributed to the growth of the cables and wire market along with support for the regional cable manufacturers. The mounting demand for electronic equipment has further contributed to the progress of the wire and cable market.

This review is based on a Transparency Market Research report titled, “Wire and Cable Market - South Africa Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.”

Key segments of the South Africa Wire and Cables Market

By voltage

  • Low voltage
  • Medium voltage
  • High voltage

By Type

  • Copper
  • Aluminum
  • Fiber optic
  • Other

By Application

  • Buildings
  • Communication
  • Power distribution & transmission
  • Home Appliances
  • Automotive
  • Others (healthcare, aerospace, consumer electronics etc.)

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

Copyright © Transparency Market Research, Inc. All Rights reserved