South Africa Wire and Cable Market Overview, 2028

South Africa Wire and Cable Market Overview, 2028

The wire and cable market in South Africa is being pushed by the country's ongoing infrastructure development. Increased development in the power transmission and distribution sector has aided market expansion. Increased usage in IT and telecommunications for data transfer and high-end communication between end points. The growing demand for Corning cable, which provides end-to-end fibre optic cable solutions as an optical waveguide for high-speed communication networks based on the principle of total internal reflection, is boosting the market. Furthermore, increased investments in infrastructure modernization and the electricity transmission network in South Africa are expected to boost the market. South Africa's government announced in June 2020 that it would invest US$133 billion in order to build new infrastructure over the next decade. South Africa's growing population is driving up demand for electricity. The acceptance of smart grid technologies has met the increased demand for grid interconnections, significantly increasing investments in underground and new submarine cables. Furthermore, expanding offshore wind farms, high-voltage direct current cables, and grid interconnections are likely to propel market expansion. The demand for high-speed internet and data transmission has led to the expansion of fiber optic networks in South Africa. Fiber optic cables are increasingly being used for telecommunications, broadband internet, and other data-intensive applications. South Africa has been focusing on renewable energy projects, including wind and solar farms. This has led to a growing demand for specialized cables and wiring systems designed for renewable energy applications.

According to the research report ""South Africa Wire and Cable Market Overview, 2028,"" published by Bonafide Research, the South Africa wire and cable is projected to add more than USD 390 Million from 2023 to 2028. Numerous government agencies have made numerous advancements to strengthen their areas' network infrastructure for data transmission, hence increasing demand for South African wires and cables. Increased government investments in South Africa's electricity distribution network are expected to drive the industry. In 2019, the South African government introduced laws to modernise and upgrade electric infrastructure in order to avoid economic losses connected with power outages. It also mandated electric grid reliability requirements and incentivized transmission and distribution (T&D) expenditures, which resulted in an increase in demand for power lines and cables in South Africa. The development of smart cities can indeed have a positive impact on the wire and cable market in South Africa. Smart cities rely on advanced infrastructure and connectivity to enable various technologies and services. The implementation of smart city initiatives typically involves the deployment of a vast network of sensors, devices, and communication infrastructure. This requires a robust and well-developed wire and cable network to connect and power these devices effectively. Additionally, as smart city projects expand, there is likely to be a growing need for underground cabling, fiber optic cables, and other specialized cable solutions. South Africa has been actively pursuing smart city projects and initiatives to enhance urban development and improve the quality of life for its citizens. The city of Tshwane, which includes Pretoria, has been working on transforming into a smart city. The project focuses on improving public safety, energy efficiency, transportation, and governance through the use of advanced technologies. Cape Town has been exploring smart city concepts for its central business district, known as the City Bowl. The aim is to leverage technology for better urban planning, transportation, energy management, and environmental sustainability.

According to voltage type, the market is divided into type, low voltage, medium, voltage, High voltage and optical fiber cable. The optical fiber cable is expected gain highest CAGR of the market in the upcoming time frame. There is growing reliance on digital communication; there is a significant increase in demand for high-speed and reliable internet connectivity. Optical fiber cables provide much higher bandwidth capacity compared to traditional copper cables. This makes them ideal for meeting the increasing data demands of businesses, households, and government institutions in South Africa. Optical fiber cables are capable of transmitting data over long distances without significant signal degradation. In a country like South Africa, where there are vast distances between urban centers and rural areas, optical fiber cables offer a reliable solution for extending communication networks to remote locations. Investing in optical fiber cable infrastructure is seen as a long-term solution that can support the growing data demands of South Africa's digital economy. As technology continues to advance and data requirements increase, optical fiber cables are considered a future-proof investment that can accommodate higher bandwidth needs.

In South Africa, the government has implemented various initiatives to promote infrastructure development, including the wire and cable sector. These initiatives aim to improve the country's electricity transmission and distribution networks, expand access to electricity in rural areas, and support economic growth. Renewable Energy Independent Power Producer Procurement (REIPPP) program. This program encourages private sector investment in renewable energy projects, including wind farms and solar power plants. The expansion of renewable energy sources often requires the development of new wire and cable infrastructure for power transmission. The South African government has also launched the Integrated National Electrification Program (INEP) to provide electricity access to households and communities that are currently without power. This initiative involves the installation of electricity infrastructure, including wire and cable networks, to connect remote areas to the national grid.

Considered in this report
• Geography: South Africa
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• South Africa Wire and Cable market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Voltage Type
• Low Voltage
• Medium Voltage
• High Voltage
• Optical Fiber Cable

By End User
• Power Infrastructure (Energy, Power Transmission and Distribution)
• IT & Telecommunication
• Building & Construction (Commercial and Residential)
• Aerospace & Defence
• Consumer Electronics
• Automotive (Passenger, Commercial and Utility Vehicles
• Others (Oil & Gas Industry, Industrial Machinery and Manufacturing, Medical Equipment, Logistics, etc.)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Wire and Cable industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.