South Africa Wires and Cables Market Size Worth $15.5 Billion By 2030: IndustryARC

South Africa Wires & Cables Market size is projected to reach US$15.5 billion by 2030, and it is estimated to grow at CAGR of 5.5% during 2024-2030. With the rising demand for electricity and telecommunications, the market is poised for steady expansion and innovation., finds IndustryARC in its recent report, titled “South Africa Wires and Cables Market Size, Share & Trends Analysis Report- By Material Type (Copper, Aluminum, Galvanized Steel, High Strength Composite Core, Others), By Voltage Ratings (Medium Voltage, High Voltage), By Installation (Overhead, Underground, Submarine), By Type (Power Cables, Control Cables, Speciality Cables, Instrumentation Cables, Others), By Insulation Type (XLPE, EPR, PVC, MI, Others), By End-user (IT & Telecommunication, Marine, Aerospace & Defense, Automotive, Building Construction, Oil & Gas, Energy & Transportation, Residential, Infrastructure and Others), By Company Type (Local Manufacturing, Local Sales Presence, Imports), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030’’

The South African government's commitment to infrastructure development, including transportation, utilities, and construction projects, is driving demand for wires and cables used in building electrical, telecommunications, and transportation infrastructure. This includes cables for power distribution, lighting, signalling, and communication systems, supporting the country's efforts to modernize and expand its infrastructure networks.

The increasing demand for high-speed internet access, mobile connectivity, and digital services, telecommunication operators are investing in expanding and upgrading their network infrastructure across urban and rural areas. This includes laying fiber optic cables, copper cables, and coaxial cables to provide reliable and high-bandwidth connectivity to residential, commercial, and industrial customers. This is driving new demand for the market.

Increasing awareness of energy conservation and safety regulations is leading to growing demand for wires and cables that meet stringent performance and safety standards. This includes cables with low voltage drop, high insulation resistance, and fire-retardant properties, as well as compliance with industry standards and regulations to ensure reliable and safe operation in various applications.

The cable and wire industry is subject to stringent regulations and standards governing the quality, safety, and performance of wires and cables used in various applications. Ensuring compliance with these regulations, such as the South African National Standards (SANS), requires significant investment in testing, certification, and quality control processes. Non-compliance can result in fines, product recalls, and damage to reputation, posing challenges for manufacturers and suppliers operating in the market.

With South Africa’s commitment to transitioning towards cleaner and more sustainable energy sources, there is a growing demand for wires and cables used in renewable energy projects such as solar farms, wind turbines, and hydropower plants. The South African government has set ambitious renewable energy targets, driving investment in utility-scale renewable energy projects and distributed generation systems. This presents opportunities for wire and cable manufacturers to supply specialized products designed for renewable energy applications, including high-voltage cables, photovoltaic (PV) cables, and interconnection cables. Moreover, the decentralized nature of renewable energy installations requires extensive transmission and distribution networks, creating a demand for wires and cables to connect renewable energy sources to the grid and deliver electricity to end-users.

Smart grid initiatives aim to modernize the electrical grid infrastructure, improve energy efficiency, and enhance grid reliability and resilience. This involves deploying advanced metering infrastructure (AMI), distribution automation systems, and grid monitoring devices that require specialized wires and cables to transmit data, control signals, and power within the smart grid network. As utilities and grid operators invest in smart grid deployments to optimize grid operations, reduce energy losses, and integrate renewable energy sources, there is a growing demand for wires and cables designed for smart grid applications. This includes medium voltage cables, low voltage cables, and communication cables capable of withstanding harsh environmental conditions and supporting advanced grid functionalities such as remote monitoring, demand response, and distributed energy resources integration.

The Covid-19 pandemic led to disruptions in supply chains, project delays, and economic uncertainties, affecting the demand for wires and cables across various sectors. Lockdown measures and restrictions on business operations resulted in construction site closures, project postponements, and reduced investment in infrastructure projects, leading to decreased demand for wires and cables used in building construction, utilities, and telecommunications. Additionally, the economic downturn resulting from the pandemic led to budget constraints and reduced consumer spending, further dampening demand for electrical and electronic products that utilize wires and cables. 

The Russia-Ukraine war introduced geopolitical tensions and supply chain disruptions, particularly in the availability of critical raw materials such as copper and aluminum used in wire and cable manufacturing, leading to increased prices and supply shortages.

 

Cables and Connector Market -Forecast (2021-2026) - Cables and Connectors market is expected to reach $149.9 billion by 2026 at a CAGR of 7.8% during the forecast period 2021-2026. Increasing expenditure by the IT and telecom services to meet consumer demand drives the market growth. In addition, the growing number of fixed broadband connections over the years has enabled the growth of the market studied.

Report Code: ESR 86412

U.S. Medical Wires & Cables Market – Forecast (2021 - 2026) - Medical services require wires and cables for measurement and treatment purposes. For medical cable assemblies that must withstand a high number of steam autoclave cycles, silicone-jacketed cable and silicone over-molding of strain reliefs are typically required. Medical tubing is one of the major applications of silicone and is used in devices such as respirators and intravenous drug. Apart from these, silicone are also used in ventilation masks, transfusion delivery systems, handles for surgical instruments, breading tubes, microphone holders for hearing aids, tube connector and many other.

Report Code: CMR 0499 

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.

 

Mr. Venkat Reddy

IndustryARC

Email: [email protected]

USA: (+1) 518-282-4727

Web: https://www.industryarc.com

Follow us on: LinkedIn | Facebook | Twitter