What Are The Trends In The Future Development Of The Wire And Cable Industry?

- Jun 08, 2018-

The wire and cable industry is an important supporting industry for China's economic construction. It is widely used in various fields of the national economy. Wire and cable are indispensable basic equipment for the transmission of electrical energy, transmission of information and the manufacture of various motors, electrical appliances, meters, automobiles, machine tools and other equipment. Wire and cable provide infrastructure for the electric power industry and the communications industry, occupying a quarter of the output value of the Chinese electric industry. It is the second largest industry in the machinery industry, second only to the automotive industry, and occupies an important position in the national economy. In recent years, China’s sustained and rapid economic development, the advancement of urbanization, and the construction of major power plants, transmission of electricity from the west to the east, and power grid reconstruction have all indicated that the wire and cable industry has a long period of prosperity. Therefore, the wire and cable industry also follow and it will maintain a high growth rate.