The South Africa wire and cable market is poised to witness healthy growth in the coming years. The South Africa wire and cable market caters to several end-use sectors. These include buildings, the automotive industry, home appliances, power distribution and transmission, communication, healthcare, aerospace, and consumer electronics.
This long list of end-use segments of the South Africa wire and cable market shows that the expansion of these industries will in turn fuel the demand for wires and cables in the South Africa market. Two of the most rapidly expanding end-use segments of the South Africa wire and cable market are the automotive industry and communication. In addition to this, other end-use sectors of the South Africa wire and cable market will also experience good growth in the coming few years, as Africa is an emerging region, attracting investment from international companies.
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The South Africa wire and cable market will greatly benefit from the rising business opportunities. Let’s take a look at how the expanding emerging sectors in South Africa will ultimately fuel its wire and cable market.
The Domino Effect that will Fuel the South Africa Wire and Cable Market
Economic Importance Driving Demand for Better Connectivity
South Africa is one of the dynamically emerging markets in the world. Hence, the economic importance and business opportunities that South Africa offers are substantial. Due to the scope of economic development, the demand for improved ICT infrastructure and international connectivity in the nation is huge.
Major Communications Project (Europe-Africa Link)
Several developments in the IT infrastructure of South Africa, along with the rising capacity of transmission grids, are projected to stimulate the demand for communications and power cable. Many projects in the South Africa wire and cable market are helping to improve international connectivity along with the connectivity within the nation. One of the most notable projects is that of the African Coast to Europe (ACE) link. With the digital line segment (DLS) between Portugal and South Africa, this project is one of the longest 100G submarine links and serves 14 countries; 11 of these are in Africa.
Unstoppable Demand for Fiber Optic
The ACE link project involves the use of fiber-optic cables. This is expected to have a positive impact on Internet access and quality of services offered by telcos connected to this link. Projects such as the ACE link, along with other upcoming projects, are expected to drive demand for fiber-optic cables. This trend will in turn drive the South Africa wire and cable market significantly.
Growth of the Overall South Africa Wire and Cable Market
By type, the South Africa wire and cable market is divided into fiber optic, copper, aluminum, and others. Currently, the demand for copper wires and cables is the highest in the South Africa wire and cable market. However, the rising demand for communications networks in South Africa require fiber optic cables. This will continue to spur demand from the South Africa wire and cable market.
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The South Africa wire and cable market will also benefit from the favorable government initiatives to procure domestic cables and wires. This trend has led to a growth in the number of local cable manufacturers in recent years.