Introduction to the Development Prospects of the Wire and Cable Industry

Wire and cable is the basic product for realizing electromagnetic energy conversion and forming an automatic control circuit. 

In 2018, the industrial sales value of China's wire and cable industry approached 1.70 billion yuan, and the number of enterprises exceeded 5,000. 

The sales value and growth rate reached 10.48%. 

The following is an analysis of the development prospects of the wire and cable industry.

The wire and cable industry is an important basic industry of the national economy. 

It is widely used in various sectors of the national economy and provides essential support for multiple industries, national defense construction, and major construction projects. 

Wire and cable industry analysis, wire and cable is the basic guarantee for the normal operation of the modern economy and society, and is also the product of people's daily life.           

Analysis of the development prospects of the wire and cable industry. 

In recent years, with the rapid growth of China's economy and the acceleration of industrialization and urbanization, China's wire and cable industry has developed rapidly. 

As early as 2011, the output value of China's wire and cable manufacturing industry surpassed that of the United States. 

Ranked first in the world, the product market satisfaction rate in the domestic market reached more than 95%. 

However, the extensive production at this stage is still the mainstream of China's wire and cable industry. 

There are still great structural imbalances, that is, the supply of ordinary wire and cable products is oversupplied, while the supply of high-end products is in short supply.

Analysis of the development prospects of the wire and cable industry, although China's wire and cable industry has made great progress, the sales value in 2018 is approaching 1.70 billion yuan, but the industry is still on the road to extensive development.

Especially in the field of brand management and new technology research and development, application, and other fields. improve. 

Moreover, the problem of “big but not strong” in the domestic wire and cable industry is outstanding, and the market concentration is extremely low. 

Although China's per capita GDP level is far lower than that of developed countries, the per capita cable consumption level is much lower than that of European medium-developed countries and even lower than Latin America and other developing countries. 

The market potential of China's wire and cable consumption still has a lot of room for development.