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The Development Of Cable Industry

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Update time : 2020-09-13 10:08:40

Wire and cable industry is China's second-largest industry after the automotive industry, product variety satisfaction rate and domestic market share of more than 90%. Worldwide, China's total output of wire and cable has surpassed that of the United States, becoming the world's largest producer of wire and cable.

With the rapid development of China's wire and cable industry, the number of new enterprises is rising, the industry's overall technical level has been greatly improved. China's sustained and rapid economic growth, for the cable products to provide a huge market space, the strong allure of the Chinese market, so that the world is focused on the Chinese market, in the reform and opening up a short span of decades, China's cable manufacturing industry has formed a huge production capacity to let the world take notice. With the expansion of China's electric power industry, data communication industry, urban rail transit industry, automobile industry and shipbuilding industry, the demand for wire and cable will also grow rapidly, and the future of wire and cable industry has great development potential. Fire-resistant cable in November 2008, China to deal with the world financial crisis, the government decided to invest 4 trillion yuan to stimulate domestic demand, including about 40% of the urban and rural power grid construction and transformation.


The national wire and cable industry has a good market opportunity, all over the wire and cable enterprises seize the opportunity to meet a new round of urban and rural power grid construction and transformation. China's cable industry, whether in the present or outside, almost do not worry about market space problems, China's various industries have ushered in a great development, wire and cable industry as an important supporting industry of the national economy, "where there is construction, where the need to use wire and cable", so the huge market. But we also see that the future demand for special cable will be more and more large, special cable has been high-tech requirements, high profit margins, higher threshold, market space and other characteristics known, but in the special cable product technology research and development, but it is China's domestic cable industry's weakness, Therefore, the high-end market was occupied by foreign giants, for this reason, domestic cable manufacturers how to pry open the gap in the high-end market, thus playing a world, is the domestic cable production enterprises to consider the important issue.