Wire and cable industry is an important supporting industries of China’s economic construction, China’s wire and cable industry has realized the annual output value of more than one trillion yuan, the size of the cable industry ranks first in the world, the world’s first cable production and sales.
Despite the size of the market is considerable, but there are many players in the industry, the industry concentration is not high, the market competition is fierce. Serious homogenization of cable products, mostly low-end conventional cable products, and the selection of technology convergence is an important reason for the fierce competition in the industry. At the same time, the supply of high-end products is insufficient, product structural contradictions are prominent, high technical content requirements, high access to the qualification of the lack of production capacity of special cables.
Downstream industrial transformation and upgrading to promote the structural adjustment of the wire and cable industry
In recent years, the country has also increased investment in electric power, 5G, new energy, rail transportation, ultra-high voltage and other new infrastructure areas, industrial transformation and upgrading of the continued promotion of the application of wire and cable is putting forward higher requirements. Right now, with the development of new energy, energy structure continued adjustment and optimization, energy consumption of electricity is becoming a trend. In this change brought about by industrial change, known as the national economy, “blood vessels” and “nerve” of the wire and cable industry is concerned. In the context of the rapid development of emerging industries, China’s wire and cable industry, structural adjustment continues to deepen, the Matthew effect is increasingly prominent, wire and cable companies to speed up the pace of shuffling and consolidation, the above situation or usher in a change.
Renewable energy special cable demand is strong
“Dual-carbon” goal of photovoltaic, wind and other renewable energy development also pushed up the photovoltaic cables and other applications in high-tech areas of special cable product demand.
Some professionals have pointed out that the power cable as the main unit of carrying electric energy, in building a grid-based energy network and the construction of new power systems will continue to play an important role. Not only in the total amount will remain higher than the GDP growth rate, technology will also be tilted to high-end products, industry development opportunities.
Jiapu Cable reports for you.
Post time: Oct-24-2023