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The rapid development of China's wire and cable industry in 2017 reached 1.2 trillion market

Industry news
2018/06/05 18:30

  Wire and cable industry is a basic industrial industry. Its products are widely used in energy, transportation, communications, automotive, petrochemical and other fields, and occupy an extremely important position in China's national economy. In recent years, with the rapid development of China's economy, the wire and cable industry has also grown and grown. From 2006 to 2015, the comprehensive income of the wire and cable industry continued to grow, and the product application field continued to expand.

  China's economy continues to grow at a rapid rate, especially large-scale projects such as power grid reconstruction and UHV have been successively upgraded and constructed, providing a huge market space for the development of the wire and cable industry. According to the “Market Forecast Forecast and Investment Strategic Planning Analysis Report for Wire and Cable Industry” published by the Industry Research Institute of Qianwang, the wire and cable industry in China in 2017 reached 1.2 trillion yuan, an increase of 6.30% from the same period of 2016. The scale of the industrial market has maintained a rapid and steady growth. The production and sales of wire and cable in the country have surpassed that of the United States to reach the top in the world.


China Wire and Cable Industry Market Size

Source: Forward-looking database consolidation

  The data shows that in 2016, China's wire and cable industry sales revenue will reach 1.3 trillion yuan, and by 2017 it will reach 1.3 trillion yuan. In the next five years, the average annual compound growth rate will be about 4.65%. In 2020, the income will reach 1.6 trillion yuan. .


China Wire and Cable Industry Sales Revenue

Source: Forward-looking database consolidation

  Under the economic development concept of energy saving and environmental protection, high-voltage and ultra-high voltage transmission methods featuring “high energy efficiency and low loss” have become an inevitable direction for the development of the power industry, and due to its “large capacity, high reliability, and freedom Maintaining many advantages such as ”, high-voltage, ultra-high voltage power cables have been increasingly used in long-distance, long-span transmission lines.

  The gradual replacement of medium- and low-voltage power cables by high-voltage and ultra-high-voltage power cables is an inevitable trend in the industry. At present, the national economy continues to increase the demand for large-scale power transmission and supply, and the optimization of high-voltage transmission lines such as 110kV and 220kV is gradually being promoted to power grid construction and transformation. The construction of high-voltage, ultra-high-voltage and ultra-high voltage transmission lines will bring huge market demand for aluminum alloy wires and other wire products as well as high-voltage power cables.

  During the "Thirteenth Five-Year Plan" period, China's distribution network construction is expected to reach a total investment of 1.7 trillion yuan, with an average annual investment of 330 billion yuan. It is planned that by 2020, the length of the high voltage distribution network will reach 1.01 million kilometers and the length of the medium voltage distribution network will reach 4.04 million kilometers. At the same time, "thirty-five" also formulated a plan for the upgrading and upgrading of rural power grids with a total investment of over 700 billion yuan. This shows that during the "Thirteen Five" period, China's power cable market has experienced strong demand.

The rapid development of China's wire and cable industry in 2017 reached 1.2 trillion market