Forecast and analysis of the current market situation and development trend of C
Published on：2022-07-17 12:33:21
China business intelligence network: wires and cables are a large class of electrical products that are indispensable for transmitting electric energy, transmitting information, manufacturing various motors, instruments and meters, and realizing electromagnetic energy conversion. They are closely related to the development of the national economy. At present, wires and cables have been applied to power, rail transit, new energy, construction engineering, marine engineering, communications, petroleum, chemical industry, automobiles, ships, aerospace and other fields.
Current situation of wire and cable Market
1. Market scale of wire and cable
In recent years, with the steady growth of the domestic economy and the continuous advancement of industrialization and urbanization, the power, petroleum, chemical, urban rail transit, automobile, construction, new energy and shipping industries have developed rapidly. In particular, the investment in intelligent transmission and distribution grid construction and ultra-high voltage grid construction has been increasing, which has promoted the efficient development of China's wire and cable industry.
Data show that from 2017 to 2020, China's wire and cable sales revenue showed a fluctuating growth trend. In 2020, China's wire and cable industry sales revenue reached 1.57 trillion yuan, a year-on-year increase of 12.14%. It is estimated that in 2021, China's wire and cable sales revenue will reach 1.65 trillion yuan, a year-on-year increase of 5.10%, and in 2022, China's wire and cable sales revenue will further reach 1.74 trillion yuan, a year-on-year increase of 5.45%.
Data source: wire and cable network, China Business Industry Research Institute
2. Segment market structure of wire and cable
According to the use, China's wire and cable products are mainly divided into five categories: power cables, electrical equipment cables, conductors (bare wires), winding wires, communication cables and accessories. Among them, the power cable has the widest application range, accounting for the largest proportion of the market scale, as high as 39%; The market size of cables for electrical equipment accounts for 22%, and the proportions of conductors (bare wires), winding wires, communication cables and accessories are 15%, 13%, 8% and 3% respectively.
Data source: compiled by China Commercial Industry Research Institute
Development trend of wire and cable industry
1. The steady economic growth and the implementation of major national strategies have promoted the continuous development of the wire and cable industry
One of the six "new" goals of economic and social development during the 14th Five Year Plan Period: achieving new results in economic development, achieving sustained and healthy economic development on the basis of significantly improved quality and efficiency, giving full play to the growth potential, strengthening the domestic market, optimizing the economic structure, significantly improving innovation capacity, upgrading the industrial foundation, modernizing the industrial chain, and consolidating the agricultural foundation, The coordination between urban and rural areas and regions has been significantly enhanced, and major progress has been made in building a modern economic system. The cumulative investment in the 14th five year plan of the State Grid and the southern power grid will exceed 2.9 trillion yuan. This is significantly higher than the total investment of the national power grid of 2.57 trillion yuan during the "13th five year plan" period and 2 trillion yuan during the "12th Five Year Plan". It can be seen that, benefiting from the national long-term economic development plan, the construction of new infrastructure and smart grid will be promoted, and the wire and cable industry will be continuously optimized and upgraded, developing in a sustained and stable growth trend.
2. The industry concentration has gradually increased
Wire and cable manufacturers have obvious economies of scale. Large scale enterprises in the industry have the advantages of large production capacity, complete product specifications, good product quality, strong financial strength, low long-term average cost, strong bargaining power with suppliers, complete product specifications and so on. Under the continuous strengthening of the quality and safety supervision and special rectification of wire and cable products by the state, a number of small-scale wire and cable enterprises lacking in core competitiveness are urged to withdraw from the market, which is conducive to enterprises with quality and brand core competitiveness to achieve good economic benefits and further enhance the industry concentration. At the same time, advantageous enterprises abandon the extensive development model and practice the development path of travel alienation. Among them, some enterprises have focused on professional fields for a long time and achieved refinement and strength by strengthening research and development and fine management; Some enterprises rely on their product line advantages to focus on transformation from manufacturers to solution providers; Relying on the integrated advantages of "R & D - manufacturing key materials and engineering services", some large enterprises have expanded into the field of engineering design and services, and carried out EPC projects at home and abroad, extending the value chain. The comprehensive advantages are gradually reflected. The whole industry began to shift from the disorderly competition of shoddy products and low prices to the competition of quality, service and brand, and cable enterprises began to develop in the direction of specialization and integration. The concentration of wire and cable industry is gradually increasing, and it will achieve benign and sustainable development in the future.
3. Optimization and upgrading of product structure
With the progress of science and technology, the transformation and upgrading of traditional industries, the rapid development of strategic emerging industries and high-end manufacturing, China's economy and society have further developed in the direction of safety and environmental protection, low-carbon energy conservation, informatization and intelligence. National smart grid construction, modern urban construction, new energy vehicle manufacturing, rail transit construction and other fields put forward higher requirements for the functions and quality of wires and cables, and constantly promoted the optimization and upgrading of wire and cable product structure.
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