The domestic wire and cable industry will usher in new opportunities

With the development of my country's urbanization, the construction of my country's smart grid has gradually started. As a modern emerging industry, smart grid is characterized by unmanned intelligence and efficient operation. It will be the future development trend of the future power grid, and the industry will Usher in new opportunities. As the most important supporting industry in power grid construction, the wire and cable industry has also ushered in a broader market prospect and unprecedented new opportunities. How can Chinese cable companies share this opportunity?

As one of the important supporting industries for national economic construction, the wire and cable industry is the second largest industry in the machinery industry after the automobile industry. According to statistics, there are 4,653 enterprises above designated size in my country's wire and cable industry, 85 enterprises with annual main business income of more than 1 billion yuan, and 36 enterprises with assets of more than 1 billion yuan. According to the "2014-2018 China Wire and Cable Industry Market Demand Forecast and Investment Planning Analysis Report" released by the Prospective Industry Research Institute, the average annual growth rate of the wire and cable industry in the past 15 years has reached more than 15%. In the next few years, due to China's industrialization In the later stage, the development speed of China's wire and cable industry will be higher than that of the national economy, which is expected to reach more than 10%; especially the average annual growth rate of power wires and cables can reach 15%.

With the improvement of the country's industrialization development, the improvement of infrastructure, and the improvement of urbanization, the cable industry will inevitably become mature. There will be obvious polarization in the industry, and the industry concentration will increase. Among them, the top ten in the United States have a market share of 67%. % of the market, the top six in Japan account for 65% of the market, and the top five in France account for 90% of the market. Although the industry concentration is low, the cable industry market is in a state of scattered market, but the wire and cable industry has maintained a high growth rate, the production efficiency has been rapidly improved, the upgrading of products has accelerated, the product structure has become more reasonable, and the industry capital structure has become increasingly Diversification, the process of marketization has been significantly accelerated; especially the wire and cable manufacturing industry in coastal and economically developed areas has obvious advantages, and regional differences are further expanded.

According to the forecast of the Power and Energy Group of the Prospective Industry Research Institute: my country's power grid will usher in a golden age in the next five years, and the wire and cable industry will have a "great opportunity". With the increasing investment in smart grid by national policies and State Grid Corporation, in order to cooperate with the implementation of the national west-to-east power transmission, power grid transformation and other projects, as well as the gradual advancement of urbanization, in the next five years, it will be closely related to power transmission and distribution. The capacity of the wire and cable market will maintain a considerable growth rate of 8%-9% per year, and the wire and cable industry will usher in new opportunities.