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Overview of Wire and Cable Development

Release time:

2023-09-19 10:27

Although the wire and cable industry is only a supporting industry, it occupies a quarter of the output value of China's electrical industry. It has a wide range of products and a wide range of applications, involving electric power, construction, communications, manufacturing and other industries, and is closely related to all sectors of the national economy. Wire and cable is also known as the "artery" and "nerve" of the national economy. It is an indispensable basic equipment for transporting electric energy, transmitting information and manufacturing various motors, instruments and meters to realize electromagnetic energy conversion. It is a necessary basic product in the future electrification and information society.

The wire and cable industry is the second largest industry in China after the automobile industry, with product variety satisfaction rate and domestic market share exceeding 90%. Worldwide, China's total output value of wire and cable has surpassed 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 enterprises is rising, and the overall technical level of the industry has been greatly improved.

From January to November 2007, China's wire and cable manufacturing industry achieved a cumulative total industrial output value of 476,742,526 thousand yuan, an increase of 34.64 percent over the same period last year; cumulative product sales revenue of 457,503,436 thousand yuan, an increase of 33.70 percent over the same period last year; and cumulative profits of 18,808,301 thousand yuan, an increase of 32.31 percent over the same period last year.

From January to May 2008, China's wire and cable manufacturing industry achieved a cumulative total industrial output value of 241,435,450,000 yuan, an increase of 26.47 percent over the same period last year; achieved cumulative product sales revenue of 227,131,384,000 yuan, an increase of 26.26 percent over the same period last year; achieved a total cumulative profit of 8,519,637,000 yuan, an increase of 26.55 percent over the same period last year. In November 2008, in response to the world financial crisis, the Chinese government decided to invest 4 trillion yuan to stimulate domestic demand, of which more than 40% was used for the construction and transformation of urban and rural power grids. The national wire and cable industry has a good market opportunity, wire and cable enterprises around the country to seize the opportunity to meet a new round of urban and rural power grid construction and transformation.

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 decades of reform and opening up, China's cable manufacturing industry The huge production capacity formed has impressed the world. 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, and the wire and cable industry has great development potential in the future.