The wire and cable industry is the second largest industry in China after the automotive industry, with product product satisfaction rates and domestic market share exceeding 90%. Worldwide, China's total wire and cable output has surpassed that of the United States, making it the world's largest wire and cable producer. Along with the rapid development of China's wire and cable industry, the number of new enterprises has been rising, and the overall technical level of the industry has been greatly improved.
The sustained and rapid growth of China's economy has provided a 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 period of reform and opening up, China's cable manufacturing industry The huge production capacity that has been formed has made the world look impressive. With the continuous expansion of China's power industry, data communication industry, urban rail transit industry, automobile industry and shipbuilding industry, the demand for wire and cable will also grow rapidly. In the future, the wire and cable industry has great potential for development. Fire-resistant cable In November 2008, in response to the world financial crisis, the government decided to invest 4 trillion yuan to boost domestic demand, of which about 40% was used for urban and rural power grid construction and transformation. The national wire and cable industry has a good market opportunity, and wire and cable enterprises around the world seize the opportunity to meet the new round of urban and rural power grid construction and transformation.
China's cable industry, whether it is in the present or outside, almost no need to worry about market space issues, China's various industries have ushered in great development, wire and cable industry as an important supporting industry of the national economy, "Where there is construction, where to use Wire and cable", so the market is huge. However, we also see that the demand for special cables will become larger and larger in the future. Special cables have always been known for their high technical content, high profit margin, high threshold and large market space, but in the development of special cable products. On the other hand, it is precisely the weakness of China's domestic cable industry, which has caused the high-end market to be occupied by foreign giants. For this reason, how can domestic cable manufacturers break the gap in the high-end market and create a world of cable production? Important issues for companies to consider.