Yangzhou Tengfei Cable Electrical Materials Co., Ltd
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Smart grid construction drives new opportunities for the domestic wire and cable industry
Time :2022-12-15  Views :767

With the development of urbanization in China, the establishment of smart grids is gradually starting. As an emerging industry, smart grids, characterized by unmanned intelligence and efficient operation, will be the future development trend of the power grid, and the industry will welcome new opportunities. As a major supporting industry in power grid construction, the wire and cable industry has also ushered in new opportunities with broader market prospects. How should Chinese cable companies enjoy this opportunity?
As one of the main supporting industries for the establishment of China's national economy, the wire and cable industry is the second largest industry in the mechanical industry after the automotive industry. According to statistics, there are currently 4653 enterprises in China's wire and cable industry with an annual main operating expenditure of over 1 billion yuan, and 36 enterprises with an asset range of over 1 billion yuan. In the past 15 years, the average annual growth rate of the wire and cable industry has exceeded 15%. In the coming years, as China is in the early stage of industrialization, the development speed of the wire and cable industry in China will be higher than the development speed of the national economy, estimated to be over 10%, especially the average annual growth rate of power wires and cables can reach 15%.
With the development of industrialization, the improvement of the foundation, and the progress of urbanization, the cable industry will become mature. There is a clear north-south polarization in the industry, and the industry concentration is improving. Among them, the top ten in the United States occupy 67% of the market share, the top six in Japan occupy 65% of the market share, and the top five in France occupy 90% of the market share. Although the concentration of the industry is low, resulting in the cable industry market being in a scattered market form, the wire and cable industry continues to maintain high growth, rapid progress in consumer efficiency, product upgrading and replacement deceleration, product structure becoming more reasonable, industry cost structure becoming increasingly diversified, and the marketization process clearly slowing down; The wire and cable manufacturing industry in particularly coastal and economically prosperous regions has distinct advantages, and regional differences have further expanded.