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The impact of a new round of class 6 power cuts in South Africa on of pg 16 gland supplier

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Yueqing Bolun Electric is an industrial and trade enterprise specializing in the resarch & development of Cable gland , Explosion-proof armored connector, Marine stuffing box,Hose connector and other cable accessories.

South Africa's state electricity utility Eskom announced on Wednesday afternoon that it would implement a new level 6 power blackout on July 4 afternoon. South Africa's currency, the rand, briefly fell to its lowest level since October 2020 amid continued power cuts.

As of 5:02 PM on July 1, the rand was trading at 16.40 rand/dollar.

Recent data from South Africa showed that producer inflation rose to 14.7% in May from 13.1% in April, and the budget deficit widened to 17.1bn rands in May from 5.4bn rands a year earlier.

Data released this week by the Scientific and Industrial Research Council of South Africa showed that in the six months since the start of 2022, South African power groups have reduced power generation by 2,276 gigawatt-hours, close to the level of the whole of last year. The blackout period has exceeded 90 percent of the total electricity duration of 2021.

Since the beginning of this year, large-scale strikes caused by labor disputes and frequent failures of generator sets have led to the extension of power rationing, with some homes and businesses losing power for more than nine hours a day. It's winter in the Southern Hemisphere when many homes rely on electricity for heating, lighting and cooking, and prolonged power outages have disrupted livelihoods, forcing businesses to shut down or turn to diesel generators.

South African energy experts say severe power cuts are expected this winter. Power outages are costing South Africa more than $40 million a day and discouraging inward investment.

South Africa relies heavily on coal-fired power plants for its electricity supply. To reduce environmental pollution, South Africa is looking to increase the amount of electricity it generates from solar and other renewable sources, but experts say it will take years to significantly increase the country's power generation capacity.

The power shortage crisis is of grave concern and he has informed President Cyril Ramaphosa of the measures being taken by the South African state electricity Company, the chief executive officer of the company, Joseph Ruitt, said recently.

The impact of a new round of class 6 power cuts in South Africa on of pg 16 gland supplier

The pg 16 gland industry background

The pg 16 gland industry background Wire and cable are widely used in all departments of the national economy, which is the fundamental guarantee for the regular operation of the modern economy and society. The development level of the wire and cable industry is also a symbol and epitome of a country's manufacturing level. Europe, America and Japan, such as developed countries, early industrialization at the end of the 20th century, have formed a mature cable industry chain . Contributed to most of the global pg 16 gland capacity and demand at that time, still occupied an important position in the worldwide supply and marketing, leading the industry's development and monopolizing the global high-end market.

T he global demand of pg 16 gland

According to the use scenario, the commonly used international pg 16 gland divide into two categories indoors and outdoor. Outdoor pg 16 gland due to wind and snow and environmental climate, working conditions, so its structure is more complex. Indoor pg 16 gland working conditions are better and do not need a waterproof device. The cable core can directly connect with equipment. At present, indoor and outdoor pg 16 gland for 10KV and below and outdoor cables sometimes use metal pg 16 gland . According to data released by CRU, in 2021, global demand for metal pg 16 gland (conductor weight) slowed significantly due to weak demand in China, with 19 million tons in 2021, up nearly 1% year on year. CRU reported in December 2022 that the global market for pg 16 gland except in China would shrink by almost double digits in 2021 due to the impact of the pandemic.While market demand is recovering, early weakness will drive double-digit declines in multiple regions in 2021. As a result, the global need for insulated metal pg 16 gland will shrink by about 5% -6% yearly. According to preliminary estimates, the global demand for metal-insulated wires and cables will fall to 17.86 million tons in 2022.

The global market of pg 16 gland may be shrinking

The wire and cable market size are above 20 billion dollars as one of the most important manufacturing industries globally. From 2018 to 2021, the market size of the global wire and cable industry generally showed a trend of fluctuation. According to the data released by CRU, the market size of the international metal cable industry was $161 billion in 2019.Up slightly to $172 billion in 2020. The global market size fell slightly to $164 billion in 2021 due to falling demand in China. According to preliminary estimates, the global metal pg 16 gland market in 2022 was affected by the epidemic, shrinking demand, with market size of $152 billion.

The market share of pg 16 gland

In recent years, the economic growth of emerging countries and other Asian countries has been fast. The production focus of the world wire and cable production has shifted to Asia, which has driven the rapid development of the wire and cable industry in China, Vietnam, the Philippines and Egypt in the Middle East.According to the report released by the CRU, the outbreak in 2021 led to different effects on the world's other parts except for China. Combined with multiple market data, we summarize the overall development of the power cable industry in the global scope. Manifested by the rapid rise in Asia, the slight decline in America, and the unstable growth in Europe in recent years, which is greatly affected by economic and political factors. The Asia-Pacific region accounts for about 49% of global consumption, while Europe and the Americas account for 15% and 10%.

The Global Market Distribution of pg 16 gland

After years of developing the wire and cable industry in developed countries, especially in the face of fluctuations in raw material prices, small enterprises gradually withdrew from the market, and the industrial concentration increased significantly. The top 10 American cable manufacturers (GM, Best, Corning, South, etc.) occupy about 70% of the market share. Seven Japanese cable enterprises (such as Wuhe, Sumitomo, Tengcang, Hitachi, Showa, etc.) account for more than 65% of the market share. Five French cable enterprises (Nexan, etc.) occupy the French market turnover, occupying more than 90% of the French market share. And China's entire wire and cable industry concentration is deficient. CR10 is 17.7%.

Emerging markets for pg 16 gland

In 2021, the global pg 16 gland market was in turmoil due to the COVID-19 pandemic. As the global economy recovers, China invests in new energy and infrastructure construction, and the global pg 16 gland market is expected to recover in 2021. The global metal pg 16 gland market will rebound to $180 billion in 2022.However, in the medium term, the global wire and cable industry will return to healthy growth, driven by government and private investment, after the end of COVID-19 but slowing slightly from the previous five years. Among them, represented by Africa and Southeast Asia, the rapid development of emerging market economies will accelerate their construction, infrastructure, utilities, and industrial development activities. These activities will provide the substantial upward potential for emerging market wire and cable demand. Emerging market demand growth will continue to support the recovery and growth of global demand.

According to the CRU forecast, after 2023, the international wire and cable industry market demand will recover to the level of 2019. The international wire and cable market is expected to expand at an annual growth rate of 5% from 2022 to 2026. The global pg 16 gland industry market will reach $230 billion in 2026.

See pg 16 gland supplier?

Looking for a custom cable gland?

Yueqing Bolun Electric is an industrial and trade enterprise specializing in the resarch & development of Cable gland , Explosion-proof armored connector, Marine stuffing box,Hose connector and other cable accessories.

Talk to Bolun Cable gland when you need a connector that isn't standard! Our Engineered Solutions team is dedicated to developing application-specific custom cable glands to meet your precise specifications.

Contact Us ( boluncablegland.com ):

Yueqing Bolun Electric Co., Ltd.

Email: boluncablegland@gmail.com

Telephone:+86 181 0679 6660

Address:Zhiguang Industrial Zone, Liushi city, Yueqing City, Zhejiang Province

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