South Africa Wire and Cable Market Propelled by Infrastructure Investments; progressing at a CAGR of 12.0% between 2014 and 2020

The South Africa wire and cable market is progressing at a CAGR of 12.0% between 2014 and 2020. This market was valued at US$355.0 mn in 2013 and is expected to reach US$834.5 mn by the end of 2020, as stated in a research report released by Transparency Market Research. The report, titled “Wire and Cable Market - South Africa Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” creates an all-inclusive visualization for its user in order to begin undertaking successful market strategies suitable for rapid growth.

According to the report, the South Africa wire and cable market is being driven by an infrastructure boom in both residential as well as commercial sectors. This high rate of activity in the two sectors has created major scope for the use of wires and cables in the country. Another driver highlighted by the report is the growth in the nation’s telecom industry in terms of the number of connections available.

Of the various materials used in the South Africa wire and cable market, copper wires and cables outstripped all others and held a share of 38.17% in 2013. The second-largest segment under types of wires and cables was of fiber optics. Both segments are expected to maintain their relative positions over the forecast period, according to the report. The increasing demand for both segments is owed to the high investments, made by South African companies as well as the government, into the South Africa wire and cable market to meet the demands of a rapidly growing economy. The increasing population also plays a major role in the growth of the South Africa wire and cable market.

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A large part of the copper wires and cables segment goes into power generation, power distribution, telecoms, and electric and electronic circuits.The South Africa wire and cable market is also segmented by the report according to the types of voltage. This category includes the segments of high voltage, medium voltage, and low voltage. Of these, the South Africa wire and cable market was dominated by low voltage wires and cables in 2013, owing to a large number of applications ranging from buildings and construction, communications, automobiles, electronic appliances, and power transmission and distribution.

In terms of the various applications, the South Africa wire and cable market was led by the buildings segment. This segment comprises both residential and commercial buildings, both of which are showing high rates of development.

The key players in the South Africa wire and cable market are General Cable Sub – Sahara Africa, Nexans Trade (Pty) Ltd., South Ocean Holdings Limited, Power Technologies (Pty) Ltd., Kewberg Cables & Braids (Pty) Ltd., ARB Electrical Wholesalers (Pty) Ltd., CCG Cable Terminations Pty Ltd., CBI - electric: African Cables (Pty) Ltd, B & W Instrumentation and Electrical Limited, and Aberdare Cables (Pty) Limited.

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This release was published on openPR.