China Wire and Cable Industry usher in New Business Opportunities and Market in 2013

China's wire and cable industry will usher in new opportunities and markets

With the arrival of 2013, China's wire and cable industry will usher in new opportunities and markets. With the continuous expansion scale of China's power industry, the data communications industry, urban rail transit industry, the automotive industry, as well as shipbuilding and other industries, the demand for wire and cable will also grow rapidly, driving the development of China's wire and cable industry. 2012 was a threshold for the electrical wire supplier, due to the slow-down in GDP growth, the global financial crisis, the domestic economic structure adjustment and other reasons, it resulted the universal operating rate of domestic cable prices and overcapacity, even once caused the industry worries closures.

Current situation of China wire and cable industry

At present, the scale of the global wire and cable market has more than 100 billion euros, and in the range of the global wire and cable industry, the size of the market in Asia accounts for 37%, the European market is close to 30%, the American market accounts for 24% and other markets account for 9%. Among them, China's wire and cable industry plays an irreplaceable role in the global wire and cable industry, and the output value of China's wire and cable companies has surpassed the United States early in 2011 and ranked first in the world. Objectively speaking, compared to the fiber optic cable manufacturer in Europe and North America, China is still is still in the situation of big but not strong, and there is a big gap with foreign well-known wire and cable brands.



Reason why there is a big gap between China's wire and cable industry and foreign well-known wire and cable brands

The reason for this situation is because China's wire and cable industry manufacturing scale is improved at an alarming rate, technology and product upgrades are far behind the pace of the market, resulting very serious industry redundant construction, and form capacity excess, lack of effective supply, structural contradiction, the low input-output, weak scientific and technological innovation. Wire and cable industry is a systems industry, from the smelting of industrial raw materials, through product design, prototype to mass production of the finished product, testing, use and integration, even the development of recovery and recycling of products, which is an extremely complex process . Seize the era of blind expansion, extensive development, despite the economic benefits obtained in a short period of time, but it is difficult to form a scale, a brand.

It is because most of the wire and cable business pursue for short-term economic interests, thus causing the wire and cable in China today is facing a severe test. Technological innovation and product innovation don’t keep up with, the market lack of innovation, missing management system all hinder the development of China's cable prices, which is the root cause why it is difficult for China's wire and cable industry to form their own international brand. With the continuous development of science and technology and the advance of the process of industrialization, the requirements for wire and cable products increase, if the cable enterprises cannot produce wire and cable products to meet the requirements and meet the standards, they are bound to be eliminated.

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