Forecast of Development Status of China's Wire and Cable Industry in 2018

The wire and cable manufacturing industry is the largest value-added industry in more than 20 subdivided industries in the electrical machinery and equipment manufacturing industry, accounting for approximately one quarter of the output value scale. Its products are widely used in various sectors of the national economy for various industries, national defense security, and The provision of supporting facilities for major construction projects is the basic guarantee for the normal operation of the modern economy and society, and it is also an essential product in people's daily lives. Wire and cable have a wide range of uses, many types, and miscellaneous varieties. According to statistics, there are more than 2,000 varieties of wires and cables and hundreds of thousands of specifications. In the electromechanical industry, they are one of the largest categories of products.

With the national “One Belt and One Road” strategy and China’s equipment accelerating its strategy of going global, China’s wire and cable industry will usher in new opportunities and the industry’s overcapacity will be solved. Therefore, looking ahead to 2018 will surely be the year of development of China's wire and cable industry. At present, the quality of domestically produced steel and metal materials has been further improved to replace imports, and the only cable varieties in China have reached the level that the international market can accept and can participate in competition. 70% of cable varieties need to increase production levels and grades. situation. In the past decade or so, the wire and cable industry spent nearly 100 million yuan to purchase special equipment for wire and cable, with an average annual investment of about 1.5 billion yuan. Steel and metal materials account for a large proportion, mainly superior steel, special steel and alloy materials.

The role of wire and cable under the energy internet trend cannot be underestimated. The energy internet simply means that by integrating the Internet with renewable energy such as wind power and solar energy, energy sharing can be easily achieved. The use of wire and cable as a power transmission belt for energy transmission cannot be underestimated. Wire and cable plays a very important role in China's manufacturing industry. At present, the average annual output value has exceeded 1.2 trillion yuan. Wire and cable is a wire product that transmits electrical energy, electricity, and other energy, and realizes electromagnetic energy conversion. Under the current trend of rapid development of the energy Internet, the wire and cable industry is also striving to accelerate development and strive to overcome such problems as overcapacity, largeness, and lack of strength, and fully seize the opportunities brought about by the Internet+ strategy to achieve efficiency improvement and smart manufacturing.

The energy transmission Internet has not only stimulated the further development of the wire and cable industry, but also brought about some challenges. From the point of view of development trends, the birth of the energy internet will lower the price of energy, and will also lead to localization of energy production. Therefore, the wire and cable industry must boldly innovate, actively explore, and avoid as much as possible the disadvantages of the development of the energy Internet. In 2018, China's wire and cable industry will still show a large gap in the high-end market. With the industry exhibition, in the increasingly competitive industry, how companies break through the product quality, technological innovation, and adapt to the market as the fundamental way of production.

Wire and cable industry development trend analysis

In recent years, with the rapid development of the power industry, the wire and cable industry in China is also growing. At present, there are nearly 10,000 wire and cable companies in China, of which 97% are small and medium-sized enterprises. The average utilization rate of equipment is between 30% and 40%, which is far below the level of international equipment utilization above 70%. There are still many problems in the industry. . Therefore, the development trend of wire and cable industry has attracted much attention from the industry