ResearchMoz.us include new market research report " Wire and Cable Market in South Africa 2014-2020: Industry Size, Shares, Status, Opportunities, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.
Wires and cables form an integral part of the modern day industries. South Africa, a developing nation holds a significant potential for the wire and cable industry. Wire and cable form the backbone of the present information age, providing users with power, light and communication. Wires and cables are used in industries such as power transmission & distribution, buildings, automotive, home appliances and communications among others.
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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.
The South Africa Wire and Cable market is expected to reach a value of USD 834.5 billion 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.
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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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.
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