South Africa Wire and Cable Market Is Growing at a CAGR of 12%, Increasing Need for Enhanced Safety of Public/Residential Buildings
Driven by continuous growth in the infrastructure sector in South Africa, the market for wire and cable in the country was valued at USD 355.0 million in 2013 and is expected to reach USD 834.5 million by 2020, growing at a CAGR of 12% during the forecast period from 2014 to 2020. Wires and cables find application in other industries as well such as automobiles, power transmission & distribution, electronics and communication industries among others.
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