South Africa's cable market will increase to 5.3 billion in 2020 Industry Information

According to the TMR research institute, the cable market of South Africa, one of the BRICS countries, will usher in a substantial growth in the next five years, with an expected compound annual growth rate of 12%, and the market size will increase from 355 million US dollars (about RMB 355 million in 2013). 2.27 billion) to US$834.5 million (approximately RMB 5.33 billion).

According to the TMR research institute, the cable market of South Africa, one of the BRICS countries, will usher in a substantial growth in the next five years, with an expected compound annual growth rate of 12%, and the market size will increase from 355 million US dollars (about RMB 355 million in 2013). 2.27 billion) to US$834.5 million (approximately RMB 5.33 billion).

The report pointed out that the rapid growth of automobile market demand, the rapid development of power facilities and the increasing domestic demand for stable power supply are the main reasons for the substantial growth of the South African cable market. On the other hand, the increased awareness of environmental protection and the increased requirements for the replacement and upgrading of power infrastructure will limit the development speed of the South African cable market to a certain extent.

In terms of cable types, copper cables, aluminum cables, and optical fibers are the three most common types in the South African cable market. Among them, the market share of copper cable is the highest, about 38%, followed by optical cable. It is expected that by 2020, copper cable will remain the first choice for the South African cable market. The demand for copper cables will also usher in a substantial increase with the government's increased investment in infrastructure, especially as the population increases, the investment in infrastructure such as electricity, communications, electronics, power transmission and distribution will increase.

From the application market, the main terminal application markets of South African cables include household appliances, construction, communications, power transmission and distribution, automobiles, aviation, consumer electronics, medical and so on. Among them, the construction field is the largest application market, and will maintain a stable and rapid development in the next five years. Secondly, the demand for cables in the fields of power transmission and distribution, communications, and automobiles will further promote the continued growth of the cable market.

In terms of manufacturers, African Cables, South Ocean Holdings Ltd, CCG Cables, STMicroelectronics, Texas Instruments, Renesas Aberdare Cables, General Cable Sub-Saharan Africa, Power Technologies Power Technologies and others will become major cable manufacturers in South Africa.