Published on : Dec 30, 2016
The South Africa wire and cable market is highly fragmented with the existence of numerous players. To meet the unmet demand for wire and cables, producers are escalating their manufacturing processes. Leading companies are also concentrating 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.
Copper Cables and Wires to Gain Traction over other Materials
Amongst 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 sales of copper cable and wire is mainly driven by the increasing expansions in the power generation sector, broadcast 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
Growth of Automobile Sector to Bode Well for Wire and Cable Market
Expansions in the power transmission and distribution sector have lifted the growth of the South Africa wire and cable market. The implementation of cables and wires in the communications sector has further aided the progress of the market. The mounting 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 backed the growth of the cables and wire market along with support for the regional cable manufacturers. The escalating demand for electronic equipment has further contributed to the progress of the wire and cable market.
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.