Summary

The wire and cable market in South America is expanding substantially. Influenced by the region's rapid infrastructure development and continuing smart city projects. Furthermore, increased data demand, improved cable technology, a surge in demand for high-speed connectivity devices, continuous expansion of the communication sector, and government plans for complete electrification in the region are expected to drive demand for wires and cables in the coming years. The demand for wires and cables in the region is primarily driven by the need for reliable and efficient power transmission and distribution systems, expanding telecommunications networks, and the growing construction and automotive industries. In recent years, South America has seen tremendous infrastructure development, including initiatives in electricity transmission and distribution, telecommunications, transportation, and building. These initiatives increase demand for wire and cable of various types, such as power cables, communication cables, and building wires. Rapid urbanisation and population growth in South American countries drive up demand for housing, commercial structures, and urban infrastructure. This increases the need for electrical wiring, data transmission cables, and other types of cables used in building and development projects. South America's geographical location and its proximity to other continents play a role in the wire and cable market. Cables for international connectivity, such as submarine fiber optic cables, may be required to establish communication links between South America and other regions. This connectivity is crucial for global telecommunications networks and internet connectivity. South America is rich in natural resources, including minerals and hydrocarbons. Extraction and processing industries in mining, oil, and gas sectors often require specialized cables for operations such as power distribution, control systems, and communication. The geographic distribution of these resources can influence the demand for wire and cable products in specific regions.

According to the research report, “South America Wire and Cable Market, Outlook, 2028", published by Bonafide Research, the market is anticipated to add more than USD 3.73 Billion from 2023 to 2028. In recent years, renewable energy has gained significant attention in South America. Several countries have invested in wind, solar and hydroelectric power generation. This has led to an increased demand for cables used in renewable energy projects, including solar cables, wind turbine cables, and high-voltage transmission cables. South America has also witnessed advancements in smart grid technologies and smart city initiatives. These initiatives require advanced cable solutions to support automation, data transmission, and control systems. South America has seen the deployment of submarine fiber optic cables to improve international connectivity and enable faster data transmission. These cables play a vital role in enhancing global telecommunications and internet connectivity. South America is well-connected through submarine fiber optic cables, enabling international data transmission and communication. The region's geographical location and connectivity contribute to its importance as a hub for global telecommunications networks, providing opportunities for wire and cable companies to serve both domestic and international markets. Several South American countries are embracing smart grid technologies to improve the efficiency, reliability, and sustainability of their power systems. Smart grids integrate advanced monitoring, control, and communication systems, requiring specialized cables for data transmission, power distribution, and grid management.

The deployment and expansion of 5G technology are expected to have a significant impact on the wire and cable market in South America, 5G networks require a robust and high-capacity infrastructure to support the massive increase in data traffic. Fiber optic cables are critical for delivering high-speed and low-latency connectivity required by 5G networks. The deployment of 5G technologies is driving the demand for fiber optic cables in South America, as they are essential for connecting base stations, data centers, and other network components. 5G technology is expected to drive increased data consumption and the need for more robust data centers and cloud infrastructure. Data centers require high-performance cables for data transmission and interconnectivity. As 5G deployment progresses in South America, there will be an increased demand for cables used in data centers and cloud infrastructure. 5G networks rely on extensive backhaul and fronthaul networks to connect base stations and centralize network functions. This requires the deployment of fiber optic cables and other high-speed communication cables to ensure efficient data transfer and low latency. The expansion of 5G networks in South America is driving the demand for cables used in these network backhaul and fronthaul applications.

Brazil is dominating the market of South America with highest market share. Brazil is the largest country in South America in terms of both land area and population. Its large population and extensive urban and industrial development contribute to a significant demand for wire and cable products. The scale of the Brazilian market gives it a dominant position within the region. Brazil has a diverse industrial base that encompasses sectors such as automotive, energy, mining, oil and gas, and manufacturing. These industries require significant amounts of wire and cable products for power transmission, communication networks, machinery, and equipment. The strong industrial presence in Brazil contributes to the dominance of its wire and cable market. Brazil has been investing in infrastructure development, including transportation networks, energy systems, telecommunications, and urban development. These projects generate a substantial demand for wire and cable products to support the expansion and modernization of infrastructure. The country's infrastructure investments contribute to the dominance of its wire and cable market. Brazil has the largest economy in South America and is one of the emerging markets with substantial industrial and infrastructure sectors. The country's economic strength drives the demand for wire and cable products across various industries, including construction, energy, telecommunications, manufacturing, and transportation.

Based on the report, the market is segmented into voltage type, low voltage, medium voltage, high voltage and optical fiber cable. The low voltage segment is dominating the market of wire and cable in South America in 2022. The building and construction sector is one of the major drivers of the wire and cable market in South America. Low voltage cables are extensively used in residential, commercial, and industrial buildings for power distribution, lighting, and communication systems. The construction industry is experiencing significant growth, leading to a higher demand for low voltage cables. As existing infrastructure and buildings undergo renovation and upgrades, there is a need to update electrical systems and install new low voltage cables. This is driven by factors such as energy efficiency initiatives, technology advancements, and changing safety regulations. Retrofitting projects contribute to the demand for low voltage cables in South America. Low voltage cables are generally more cost-effective compared to high voltage cables, making them a preferred choice for various applications. Additionally, low voltage cables are versatile and can be used in a wide range of installations and environments, further contributing to their dominance in the market.

Major companies present in the market:
Nexans S.A., Prysmian S.p.A., Furukawa Electric Co., Ltd. , Amphenol Corporation, , Te Connectivity, Leoni AG, Corning Incorporated, Fujikura Ltd., Hengtong Group, LS Cable & System Ltd. , CommScope Holding Company, Inc.

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

Aspects covered in this report
• South America Wire and Cable market with its value and forecast along with its segments
• Country-wise Wire and Cable market analysis
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries Covered in the report:
• Brazil
• Argentina
• Colombia

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.




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