Press release
South Africa Wire Cable Market: Analysis and Forecast upto 2020
Expanding at a CAGR of 12.0% from 2014 and 2020, the South Africa wire and cable market is projected to reach US$834.5 mn by the end of forecast period.
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Based on the type of material used, the South Africa market for wire and cable is segmented into copper, aluminum, and fiber optic. Of these, the segment of copper wires and cables dominated the South Africa market in 2014 and is expected to retain its lead throughout the forecast period. The substantial demand for copper wires and cables in South Africa is attributed to their application in the area of power generation and distribution.
On the basis of voltage, the South Africa market for wire and cable is segmented into low, medium, and high voltage wires. Of these, the low voltage wires and cables segment dominated the market and is projected to grow at a substantial pace over the forecast period. The growth of the segment is primarily driven by their soaring applications in consumer electronic goods and across industrial and housing sectors.
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The strides made by infrastructure sector in South Africa has propelled the demand for wires and cables in several end-use industries such as power transmission and distribution, automobiles, electronics, and communication. Robust developments in the power transmission and distribution sector in South Africa has catalyzed the growth of the market. This has led to a large number of applications in making electric and electronic circuits in the utility sector in the nation.
A burgeoning automobile sector has led to the soaring demand for low-voltage wires and cables in making a variety of automobile components. In addition, the large presence of automobile component manufacturers in South Africa is anticipated to accentuate the market in the coming years.
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Growing need for the enhanced safety of public and residential buildings in South Africa has stimulated the demand for cables and wires. In addition, the growing uptake of consumer electronic devices in the country has boosted the market. Intensive initiatives by South African Government in providing adequate housing to its citizens has led to an accelerated demand for wires and cables in the building and construction sector. Furthermore, the rise in telecommunication sector is also expected to open up exciting opportunities for market players in the coming years.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Wire and Cable Market (Voltage - Low, Medium, and High Voltage; Type - Copper, Aluminum, and Fiber Optic; Application - Buildings, Communication, Power Distribution &Transmission, Home Appliances, Automotive, Healthcare, Aerospace, and Consumer Electronics) - South Africa Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.”
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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. We have an experienced team of Analysts, Researchers, and Consultants, who us e 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, chemical, 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, our syndicated reports thrive to provide clients to serve their overall research requirement.
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