South Africa Wires & Cables Market (2020-2026) | Outlook, Analysis, Size, Industry, Growth, Trends, Share, Revenue, Companies, Forecast, Value & COVID-19 IMPACT

The latest development (2023) of the South Africa Wires & Cables Market

South Africa Wires & Cables Market is witnessing robust growth due to the rapid growth of the telecommunications industry. There are some latest developments in the South Africa wires & cables market. The market is expected to evolve and grow in the coming years, and these developments are a sign of the positive momentum that the market is currently experiencing. Exel Cables has announced that it will open a new factory in South Africa to meet the growing demand for wires and cables. Prysmian Group announced lately that it has signed a contract to provide cables for a new telecommunications-based project in the country. There is heavy investment in the research and development domain to expand the capacity of production to meet the demand of the population.

Topics Covered in South Africa Wires & Cables Market Report

South Africa Wires & Cables Market report thoroughly covers the market by voltage, installation and end user. The outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

South Africa Wires & Cables Market is projected to grow over the coming year. South Africa Wires & Cables Market report is a part of our periodical regional publication Africa Wires & Cables Market outlook report. 6W tracks the Wires & Cables market for over 60 countries with individual country-wise market opportunity assessments and publishes the report titled Global Wires & Cables Market Outlook report annually.

South Africa Wires & Cables Market Synopsis

South Africa Wires & Cables Market is expected to register moderate growth during the upcoming years owing to rising development of infrastructure. Increasing investment in smart upgrading along with the development of transmission and distribution is driving the growth of the market.

According to 6Wresearch, South Africa Wires & Cables Market size is projected to register growth during 2020-2026. Increasing advancements in telecommunication and electronic technologies are driving the growth of the market. Additionally, the growing usage of wires & cables across various industrial and commercial sectors is proliferating the market. The ongoing development of the infrastructure in the country has driven the market of wires & cables. Urbanization and construction activities in the country have given a boost to the market. The expansion of sectors such as mining, manufacturing, and automotive has also created an immense demand for wires & cables used in various applications. There are certain challenges present in the Wires & Cables Market in South Africa. The economic constraint is the major challenge for the industry. The shortage of power supply and intense competition have hindered the growth of the market.

COVID-19 Impact on South Africa Wires & Cables Market

The COVID-19 pandemic had a severe impact on the power & cable market. The outbreak of the virus disturbed the various sectors of the country including manufacturing and construction, which are the major consumers of wires and cables. The government of the country-imposed lockdowns and restrictions to contain the spread of the virus. The economic downturn caused by the pandemic led to a reduction in the purchasing power of consumers and due to this, the market witnessed a sharp decline The construction sector is a major consumer of electrical wires and cables and this sector experienced a slowdown on the back of project delays and a decrease in investments. The market is a crucial part of the Africa Wires & Cables Market and these factors have hampered the growth of the market.

South Africa Wires & Cables Market: Key players

These are the major players in the South Africa Wires & Cables Industry which have contributed significantly to the production of the latest development wires & cables.

• Prysmian Group
• Nexans S.A.
• General Cable Corporation
• South Ocean Electric Wire Company (SOEW)
• Reunert Limited
• Aberdare Cables (a division of Powertech)
• CBI-electric: African Cables (a division of Reunert Limited)
• Alvern Cables
• Helukabel South Africa
• African Cables (a division of Jasco Group)

Market by End-user

Based on End-User, the market is segmented into Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication, and Others. The building & Construction segment will dominate the market due to its use in residential and commercial space and it has led to an increase in South Africa Wires & Cables Market Growth.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• South Africa Wires & Cables Market Outlook
• Market Size of South Africa Wires & Cables Market, 2019
• Forecast of South Africa Wires & Cables Market, 2026
• Historical Data and Forecast of South Africa Wires & Cables Revenues & Volume for the Period 2016 - 2026
• South Africa Wires & Cables Market Trend Evolution
• South Africa Wires & Cables Market Drivers and Challenges
• South Africa Wires & Cables Price Trends
• South Africa Wires & Cables Porter's Five Forces
• South Africa Wires & Cables Industry Life Cycle
• Historical Data and Forecast of South Africa Wires & Cables Market Revenues & Volume By Voltage for the Period 2016 - 2026
• Historical Data and Forecast of South Africa Wires & Cables Market Revenues & Volume By Low Voltage for the Period 2016 - 2026
• Historical Data and Forecast of South Africa Wires & Cables Market Revenues & Volume By Medium Voltage for the Period 2016 - 2026
• Historical Data and Forecast of South Africa Wires & Cables Market Revenues & Volume By High Voltage for the Period 2016 - 2026
• Historical Data and Forecast of South Africa Wires & Cables Market Revenues & Volume By Extra-High Voltage for the Period 2016 - 2026
• Historical Data and Forecast of South Africa Wires & Cables Market Revenues & Volume By Installation for the Period 2016 - 2026
• Historical Data and Forecast of South Africa Wires & Cables Market Revenues & Volume By Overhead for the Period 2016 - 2026
• Historical Data and Forecast of South Africa Wires & Cables Market Revenues & Volume By Underground for the Period 2016 - 2026
• Historical Data and Forecast of South Africa Wires & Cables Market Revenues & Volume By End-users for the Period 2016 - 2026
• Historical Data and Forecast of South Africa Wires & Cables Market Revenues & Volume By Aerospace & Defense for the Period 2016 - 2026
• Historical Data and Forecast of South Africa Wires & Cables Market Revenues & Volume By Building & Construction for the Period 2016 - 2026
• Historical Data and Forecast of South Africa Wires & Cables Market Revenues & Volume By Oil & Gas for the Period 2016 - 2026
• Historical Data and Forecast of South Africa Wires & Cables Market Revenues & Volume By Energy & Power for the Period 2016 - 2026
• Historical Data and Forecast of South Africa Wires & Cables Market Revenues & Volume By IT & Telecommunication for the Period 2016 - 2026
• Historical Data and Forecast of South Africa Wires & Cables Market Revenues & Volume By Others for the Period 2016 - 2026
• South Africa Wires & Cables Import Export Trade Statistics
• Market Opportunity Assessment By Voltage
• Market Opportunity Assessment By Installation
• Market Opportunity Assessment By End-users
• South Africa Wires & Cables Top Companies Market Share
• South Africa Wires & Cables Competitive Benchmarking By Technical and Operational Parameters
• South Africa Wires & Cables Company Profiles
• South Africa Wires & Cables Key Strategic Recommendations

Market Scope and Segmentation

Thereportprovides a detailed analysis of the following market segments:

By Voltage

• Low Voltage
• Medium Voltage
• High Voltage
• Extra-High Voltage

By Installation

• Overhead
• Underground

By End-users

• Aerospace & Defence
• Building & Construction
• Oil & Gas
• Energy & Power
• IT & Telecommunication
• Others