Market space for power cables

Market space for power cables

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.

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.

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 huge production capacity formed by China's cable manufacturing industry

Power to impress 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.