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 the type of voltages the wire and cable market has been segmented
as low voltage, medium voltage and high voltage. Depending on the
nature of their applications, wires and cables of different voltage
capacities are used. Presently, the market is dominated by low
voltage cables which are used in several applications such as
computer networking, low voltage distribution, lightning and TV &
satellite feeds applications among others.
Amongst
the different type of wire and cables, the demand for copper wires
and cables was the highest in 2013, followed by fiber optics and
aluminum wires and cables. The application of wires and cables in
residential and commercial buildings is expected to grow rapidly
throughout the forecast period, driven by the growing infrastructure
development in the country. Other factors contributing to the growth
of wire and cable market is the rapid development in the power
transmission and distribution sector. Moreover, growth in
telecommunications and automotive industries has positively impacted
the market in South Africa.
Based
on applications, in 2013, buildings segment was the major application
segment followed by power distribution & transmission, and
communications. The utilization of wires and cables in the buildings
segment is expected to increase due to growing infrastructure and new
government initiatives in the housing sector in South Africa. The
other segment where the demand for wire and cable is increasing is
the telecommunications, which is the fastest growing sector of the
country’s economy. The increasing demand in the telecommunications
sector is attributed to the growing number of undersea data cables
that link South Africa to the rest of the world.
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By
country, the market focuses on the South African nation. The present
market size and forecast until 2020 have been provided in the report
along with the detailed analysis and opportunities in the country.
The
study includes wire and cable market in terms of revenue (USD
Million) by voltage, type and application. To have a full competitive
advantage, the study also provides drivers, restraints and
opportunities and their impact followed by three parameters such as
low, medium and high for the short, medium and long term.
The
study also provides market attractiveness analysis by end users. In
order to ascertain market dynamics, Porter’s five force analysis
framework which identifies as well as analyzes five competitive
forces that shape every industry, such as bargaining power of
suppliers and buyers followed by the threat of substitutes and new
entrant’s and degree of competition is also provided.
This
report has been segmented by type, voltage and application. The study
also includes the drivers, restraints, and opportunities (DROs), and
value chain of the wire and cable market. In addition, the forecast
from 2014 to 2020 has been covered with current and future trends
that are expected to impact demand.
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Press Release Of Wire and Cable Market
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The
report also analyzes macro economic factors influencing and
inhibiting the growth of the market. Porter’s five forces analysis
offers insights on market competition throughout its value chain. In
addition, the market attractiveness analysis provided in the report
highlights key investing areas in this industry. The report will help
manufacturers, suppliers, and distributors to understand the present
and future trends in this market and formulate their strategies
accordingly.
The
South Africa wire and cable market is segmented as below:
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.)
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