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As a basic accessory of the industry system, cables are widely used, so with the rapid development of China's economy, the cable market prospects are also very promising. In the next few years, there will be significant development in some cable markets, and some cable products will meet broad market demand.
The use of overhead lines will increase significantly
At present, China's northern, central, and southern provinces are gradually interconnected and the country is gradually realizing. The extensive application of ultra-high voltage and large-capacity overhead lines (750KV lines in the northwest and 500KV lines in the rest of the region) will lead to a 10% month-on-month growth in overhead lines. In addition, the demand for medium voltage 10 to 35KV cable products will also significantly increase, or at a ring to ring rate of 8-10%. Currently, the adoption of dual loop network power supply in large cities and the increase in the rate of underground cabling in central areas will greatly increase the use of medium voltage cables. Currently, most urban planning departments have emphasized underground cable power supply in urban areas, and some cities have included this requirement in local regulations, which brings great opportunities for medium voltage distribution cables.
The output value of building wiring will exceed 15%
In recent years, despite the downturn in 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's residential buildings, office buildings, or shopping malls, the planet will use a large number of various types of cable products. At the same time, with the increasing requirements of consumers for living conditions, the intelligent demand for residential buildings, coupled with the construction of various professional networks, has brought a huge market for wires and cables. It is expected that the output value of building wiring will exceed 15% in the wire and cable industry in the future.
The market department of new energy power cables cannot be underestimated
With the rapid development of the new energy industry, the market for new energy cable products cannot be underestimated. Taking nuclear power as an example, the new energy industry will receive more and more government support in the coming years. Technological progress will lead to a continuous decline in the cost of using new energy, with increasingly prominent economic value and social environmental benefits. In the past year, the overall trend of the new energy sector has been significantly stronger than that of the Shanghai and Shenzhen stock markets. We are optimistic about the long-term investment value of the new energy sector and maintain the "recommended" investment rating. For example, as an important measure to control air pollution in China, new energy vehicles will continue to receive strong policy support and have good development prospects. At present, the number of charging piles in China is far from keeping up with the needs of the development of electric vehicles, and the "difficulty in charging" is the biggest bottleneck for electric vehicles in China. Encouragement policies for the construction of charging piles will be accelerated. Tesla's patent disclosure helps 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 endless, and the power it will inject into the cable industry is also endless. The solar photovoltaic industry has evolved from a major photovoltaic manufacturing country to a major photovoltaic installation country in China. Currently, the development of photovoltaic power stations in China mainly includes ground based power stations and distributed photovoltaic power stations. For surface power stations, some industry experts believe that the mature business model is the most beneficial link in the current industrial chain.
Automobile wires and cables will continue to grow
In addition, the development of cities will drive the development of urban rail transit and promote the application of various flame retardant cables. Electric lighting cables for tunnels and subway stations are also a highlight. With the rapid development of domestic enterprise industry, it will also bring rapid development to automotive wire and enameled wire. For example, there are two main categories of wires used in the automotive and motorcycle industries: enameled wires and automotive wires. The automotive industry has greatly increased the sales of enameled wire and automotive wire, and its demand will continue to grow by around 10% in the next few years.
Nowadays, all industries are actively transforming and upgrading, and the cable industry is no exception. The combination of traditional industries and emerging network platforms is one of the best transformation strategies. It can not only greatly reduce the procurement costs of enterprises, but also facilitate the integration of enterprises with international standards and reduce market barriers. Experts predict that the combination of traditional industries and modern information technology will be a rather forward-looking choice for a long time in the future