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

Release time:

2018-06-04 00:00

Source:

　　The wire and cable industry is a fundamental industrial industry, and its products are widely used in fields such as energy, transportation, communication, automobiles, and petrochemicals, occupying 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 strengthened. From 2006 to 2015, the comprehensive income of the wire and cable industry continued to grow, and the application fields of products continued to expand.
China's economy continues to grow at a high speed, especially with large-scale projects such as power grid renovation and ultra-high voltage being upgraded and constructed, providing huge market space for the development of the wire and cable industry. According to the "Market Demand Forecast and Investment Strategy Planning Analysis Report of the Wire and Cable Industry" released by the Forward Looking Industry Research Institute, the scale of China's wire and cable industry reached 1.2 trillion yuan in 2017, an increase of 6.30% compared to the same period in 2016. The industry market size has maintained rapid and stable growth, and the production and sales of wires and cables in China have surpassed those in the United States and reached the world's first place.

Market size of China's wire and cable industry

Source: Prospective Database Compilation

Data shows that in 2016, the sales revenue of China's wire and cable industry reached 1.3 trillion yuan, and by 2017 it had reached 1.3 trillion yuan. The average annual compound growth rate for the next five years is about 4.65%, and the revenue will reach 1.6 trillion yuan in 2020.

Sales revenue of China's wire and cable industry

Source: Prospective Database Compilation

Under the economic development concept of energy conservation and environmental protection, high-voltage and ultra-high voltage transmission methods characterized by "high energy efficiency and low loss" have become an inevitable direction for the development of the power industry. However, due to their numerous advantages such as "large capacity, high reliability, and maintenance free", high-voltage and ultra-high voltage power cables have been increasingly applied to long-distance and large-span transmission lines.
It is an inevitable trend for the development of the industry that high-voltage and ultra-high voltage power cables gradually replace medium and low voltage power cables. The current demand for large-scale power transmission and supply in the national economy is constantly increasing, and the optimization of high-voltage transmission lines such as 110kV and 220kV is gradually being pushed towards grid construction and transformation. The construction of high-voltage, ultra-high voltage, and ultra-high voltage transmission lines will bring huge market demand for conductor products such as aluminum alloy wires and high-voltage power cables.
During the 13th Five Year Plan period, the total investment in China's distribution network construction is expected to reach 1.7 trillion yuan, with an average annual investment of 340 billion yuan. By 2020, the length of high-voltage distribution network lines is planned to reach 1.01 million kilometers, and the length of medium voltage distribution network lines will reach 4.04 million kilometers. At the same time, the 13th Five Year Plan has also formulated a rural power grid renovation and upgrading plan with a total investment of over 700 billion yuan, which shows that there is a strong demand in China's power cable market during the 13th Five Year Plan period.

Application characteristics of power cable and control cable

None

Application characteristics of power cable and control cable

None