Types of cables that have seen explosive market demand in recent years
2025-02-24
As a basic component of industrial systems, cables have a wide range of applications.
As a basic accessory for industrial systems, cables have a wide range of applications. Therefore, with the rapid economic development of China, the cable market has considerable prospects. In the next few years, some cable markets will experience significant growth, and some cable products will see a huge market demand.
The usage of overhead lines will significantly increase.
Currently, the gradual realization of cross-province networking in North, Central, and South China, and the nationwide networking, with the extensive use of ultra-high voltage and large-capacity overhead lines (750KV lines in the Northwest, and 500KV lines in other regions), will lead to a 10% quarter-on-quarter growth in overhead lines. In addition, the demand for medium-voltage 10-35KV cable products will also increase significantly, with a quarter-on-quarter growth rate of 8-10%. Currently, the adoption of dual-ring power supply in large cities and the increased underground cabling rate in urban centers will significantly increase the use of medium-voltage cables. At present, most urban planning departments emphasize underground power supply in urban areas, and some cities have included this requirement in local regulations, which presents a great opportunity for medium-voltage power cables.
The output value of building wiring will exceed 15%.
In recent years, despite the cooling of the real estate industry, the construction industry, as an important industry in the 21st century, will bring opportunities to building wires and other electrical equipment cables. Whether it is residential buildings, office buildings, or shopping malls, a large number of various cable products will be used. At the same time, with the increasing consumer demand for living conditions, the intelligent needs of residential buildings plus the construction of various professional networks bring a huge market for wires and cables. It is expected that the output value of building wiring in the wire and cable industry will exceed 15% in the future.
The market for new energy power cables is considerable.
With the rapid development of the new energy industry, the market for new energy cable products is also considerable. Taking nuclear power as an example, in the next few years, the new energy industry will receive more and more government support. Technological progress will reduce the cost of using new energy, and the economic value and social environmental benefits will become increasingly prominent. In the past year, the new energy sector has performed significantly better than the Shanghai and Shenzhen stock market index. We are optimistic about the long-term investment value of the new energy sector and maintain a "recommended" investment rating. For example, new energy vehicles, as an important measure for China to control air pollution, will continue to receive strong policy support and have good development prospects. Currently, the number of charging piles in China is far from meeting the needs of electric vehicle development, and "charging difficulties" are the biggest bottleneck for electric vehicles in China. Policies encouraging the construction of charging piles will be accelerated. Tesla's open patents will help the development of the new energy vehicle industry.
The solar photovoltaic cable market will also benefit.
The solar photovoltaic industry has also attracted the attention of many investors. The development potential of the solar photovoltaic industry is enormous, and the impetus it will inject into the cable industry is equally enormous. The solar photovoltaic industry is transforming from a major photovoltaic manufacturing country to a major photovoltaic installation country. Currently, domestic photovoltaic power station development mainly includes ground power stations and distributed photovoltaics. For ground power stations, some industry experts believe that the business model is mature and is the most beneficial link in the current industrial chain.
The market for automotive wire and cable will continue to grow.
In addition, urban development will drive the development of urban rail transit, promoting the application of various flame-retardant cables. Power and lighting cables used in tunnels and subway stations are also a highlight. With the rapid development of domestic industrial enterprises, it will also bring faster development to automotive wires and enameled wires. For example, wires used in the automotive and motorcycle industries mainly include two categories: enameled wires and automotive wires. The automotive industry has greatly increased the sales of enameled wires and automotive wires, and their demand will continue to grow by about 10% in the next few years.
Today, all walks of life are actively undergoing transformation and upgrading, and the cable industry is no exception. The combination of traditional industries and emerging online platforms is a good transformation strategy. It can not only greatly reduce the procurement costs of enterprises but also help enterprises integrate with the international community and reduce market barriers. Experts predict that for a long time to come, the combination of traditional industries and modern information technology will be a forward-looking choice.
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