The wire and cable industry is China's second largest industry after the automotive industry, with product variety satisfaction and domestic market share exceeding 90%. In the world, China's total output value of wire and cable has exceeded 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 is rising, and the overall technical level of the industry has been greatly improved.
China's sustained and rapid economic growth has provided 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 The huge production capacity formed has taken the world by surprise. With the continuous expansion of China's power industry, data communication industry, urban rail transportation industry, automobile industry and shipbuilding and other industries, the demand for wire and cable will also grow rapidly, and the wire and cable industry still has huge development potential in the future. Refractory cable In November 2008, in response to the world financial crisis, China decided to invest 4 trillion yuan to boost domestic demand, of which more than 40% was used for urban and rural power grid construction and transformation. There are good market opportunities in the national wire and cable industry, and wire and cable companies everywhere seize the opportunity to welcome a new round of urban and rural power grid construction and transformation.
Whether it is in the present or in the future, the Chinese cable industry hardly needs to worry about market space issues. China ’s various industries have ushered in tremendous development. As an important supporting industry of the national economy, the wire and cable industry needs to use wherever it has construction Wire and cable ", so the market is huge. However, we also see that the demand for special cables will increase in the future. Special cables have always been known for their high technical content requirements, high profit margins, high thresholds, and large market space. However, special cable product technology research and development On the other hand, it is precisely the weakness of China's local cable industry, which has caused the high-end market to be dominated by foreign giants. For this reason, how domestic cable manufacturers pry up the gap in the high-end market, thus opening up a world of domestic cable production Important issues considered by the enterprise.
