Current status of wire and cable

Update:Jul 14,2022
Summary:The wire and cable industry is the second largest industry in China after the automobile industry, and the product variety satisfaction rate and domes...
The wire and cable industry is the second largest industry in China after the automobile industry, and the product variety satisfaction rate and domestic market share both exceed 90%. Worldwide, China's total output value of wire and cable has surpassed that of the United States, becoming the world's largest wire and cable producer. With the rapid development of China's wire and cable industry, the number of new companies continues to rise, and the overall technical level of the industry has been greatly improved.
The continuous and rapid growth of China's economy has provided a huge market space for cable products. The strong temptation of the Chinese market has made the world focus on the Chinese market. In the short decades of reform and opening up, China's cable manufacturing industry has The huge production capacity formed has impressed the world. With the continuous expansion of the scale of China's electric power industry, data communication industry, urban rail transit industry, automobile industry, shipbuilding and other industries, the demand for wires and cables will also grow rapidly, and the wire and cable industry has huge development potential in the future. In November 2008, in response to the world financial crisis, the government decided to invest 4 trillion yuan to boost domestic demand, of which about 40% was used for the construction and renovation of urban and rural power grids. The national wire and cable industry has another good market opportunity, and wire and cable companies in various places seize the opportunity to welcome a new round of urban and rural power grid construction and transformation.
Whether China's cable industry is currently or outside, there is almost no need to worry about market space issues. All industries in China have ushered in great development. The wire and cable industry is an important supporting industry for the national economy. "Where there is construction, it needs to be used. Wire and cable", so the market is huge. However, we also see that the demand for special cables will increase in the future. Special cables have always been known for their high technical content requirements, high profit margins, high thresholds, and large market space. However, in the research and development of special cable products On the other hand, it is precisely the soft underbelly of China's local cable industry, which leads to the situation that the high-end market is occupied by foreign giants. For this reason, how do domestic cable manufacturers open up the gap in the high-end market, so as to create a world of domestic cable production. important issues for companies to consider.