In recent years, with the rapid development of the power industry, the demand for cable installation in urban power grid renovation is increasing, and at the same time, the demand for its installed products is also more.
As investor confidence grows and global economic conditions improve, the market for high-voltage dc converter stations is expected to see significant growth in the future, with a market value of $51.34 billion for the 2018-2022 period, according to GlobalData's latest report.
According to the cable market research report released by international market research institute TMR, the compound annual growth rate of the global cable market in 2018-2026 is close to 4.1 percent.
The pace of construction of rail transit in China has accelerated, and the increase in mileage of railway operations has led to the expansion of demand for rail transit cables.
Inorganic composite insulated fire-resistant power cable has superior fireproof performance, long production length, good bending performance, and can completely replace BTTZ cable in performance. It is unmatched by traditional mineral insulated cables.
