What is high voltage cable?

According to the latest report released by international market research firm ASD Reports, the global high-voltage cable market demand will reach $ 52 billion by 2024, with annual compound growth rate of about 6.3%.

Classified by application environment, high voltage cables are divided into underground high voltage cables, overhead high voltage cables and submarine high voltage cables. In general, with the process of industrialization and urbanization accelerated, coupling with the more and more application of wind energy, solar energy and other renewable energy power, high-voltage cable market demand will usher in a stable growth period.

High-voltage cable, compared with other cables, has the characteristics of low loss, high transmission rate. In the next few years, its market demand will be of significant growth. At the same time, it will bring new opportunities for high-voltage cable development as governments worldwide to increase investment in smart grid, energy storage.

But on the other hand, copper and aluminum material price fluctuation is the biggest constraints for this market development.

From the supplier point of view, Prysmian, Nexans cable, NKT cable acquiring of ABB high-voltage cable business, General cable, Sumitomo Electric industries, Southwire and TELE-FONIKA just announcing the acquisition of JDR cable company will become the world Leading high-voltage cable manufacturing enterprises.

Meanwhile，Cable is an important industry related to national infrastructure construction, China's wire and cable industry is still a lot of development opportunities.

The development of high voltge cable

First of all, from the technical level, industry 4.0, the integration of information technology and industrialization, the Internet plus and other concepts continuing to emerge, bring opportunities to the development of electric wire and cable industry; Second, At the national planning level, "made in China 2025" providing top design plan and roadmap for China's manufacturing industry in the next 10 years, having great hope to intelligent manufacturing, electrical industry, also bring the wire and cable industry the development opportunity .Finally, at the national strategic level, the "One Belt And One Road" and "going out" strategy of the country provide the raw power for the domestic cable industry to do a great job.

China's cable industry, continuing to achieve market growth ushering the opportunities, also face with a series of challenges. Competition is very intense, still extensive development, business "big but not strong", industry concentration is not high caused by low level of duplication , a serious excess capacity.

Around these international and domestic development opportunities and challenges, China's cable industry are speeding up industrial upgrading, building the core competitiveness, changing the mode of development. In recent years, Led by the power industry, data communications industry, urban rail transit industry, automobile industry and other industries, China's cable industry has made a series of achievements.

In the large number of introduction, digestion and absorption of foreign technology and independent research and China's cable industry has formed a huge production capacity, product variety satisfaction rate and the domestic market share of more than 90%, industry manufacturing capacity and technology and equipment level gradually increased, Industry aggregate trend, the overall quality level are significantly improved.