Globally, the high voltage cable market still maintains rapid growth, the next five years compound annual growth rate is expected to reach 7.25%. As the world's second largest producer of electric wire and cable, the future development of the high voltage cable industry is also expected.

The high voltage cable market continues to be bullish, driven by growing demand across industries and energy distribution.

As the grid becomes less efficient due to aging infrastructure, it is necessary to upgrade the grid infrastructure to meet transmission needs. At present, various industries are investing in the development or upgrading of power grid infrastructure to provide sufficient impetus for the development of high-voltage cables. The increase of power grid investment will become the direct driving force for the development of high-voltage cable industry.

Moreover, while the new energy development is in full swing, our country is investing heavily in infrastructure to meet the development demands of the new energy. The upgrading and deployment of energy infrastructure is also contributing to the growth of the high-voltage cable market.

Moreover, China is still in the process of industrialization and urbanization, the demand for high-voltage cable will only increase, and the industry growth rate will be higher than GDP growth. Compared with developed countries, the average cable consumption is obviously backward, and the high voltage cable market still has a great growth space.

High-voltage cable industry development power also comes from the construction of high-speed rail network. As early as the 12th Five-Year Plan period, our country required to basically complete the national fast railway and national expressway network. During the 13th Five-Year Plan period, investment in transportation infrastructure continues to increase, especially in the construction of high-speed rail, which is bound to increase the demand for wire and cable, and also good for the high-voltage cable industry.

High voltage cable industry in the development, but also pay attention to risk prevention

According to the "China high-voltage cable industry market outlook and Investment strategy planning analysis report" published by the network, there are three major risk factors in the development of high-voltage cable industry.

Large fluctuations in raw material prices may affect the growth of corporate profits. Prices of raw materials such as copper and aluminum are volatile, which could even affect the survival of companies.

The adjustment of national policy will directly affect the balance of supply and demand. Our country is not a typical market economy, the coming out and adjusting of many industrial policies will make the expected supply and demand of the market change, thus passing to the high voltage cable industry affecting development.

The global economic recovery has been slow. At present, the global economic situation still does not improve, and the downward pressure of our economy is increasing, the impact on all walks of life will be inevitable. The uncertainty of economic trend will certainly affect the survival and development of high-voltage cable enterprises.

In general, challenges and opportunities coexist in the high-voltage cable industry. In order to maintain sustainable growth, we should pay attention to preventing risks while developing in the future. Globally, the high-voltage cable market still maintains rapid growth, and the compound growth rate is expected to reach 7.25% annually in the next five years. China is the world's second largest producer of wire and cable, and the high-voltage cable industry is also promising for future development! High voltage cable is a kind of power cable, mainly used for transmission between 10-35KV power cable, in the national transmission and distribution, smart grid construction and other aspects of significant role. The high voltage cable market continues to be bullish, driven by growing demand across industries and energy distribution.