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ELectric Wire & Cable Industry Development Potential

Jul 04, 2017

ELectric Wire & Cable industry, although only a supporting industry, but occupy the Chinese electrical industry 1/4 of the output value. It is a wide range of products, a wide range of applications, involving electricity, construction, communications, manufacturing and other industries, and the various sectors of the national economy are closely related. ELectric Wire & Cable is also known as the national economy, "arteries" and "nerve", is the transmission of electricity, transmission of information and manufacturing a variety of motors, instruments, meters, electromagnetic energy conversion to achieve the basic equipment, is the future of electrification, information The necessary basic products in society.

ELectric Wire & Cable industry is China's second largest after the automotive industry, product variety satisfaction rate and the domestic market share of more than 90%. In the world, China's total output value of ELectric Wire & Cable has exceeded the United States, becoming the world's largest producer of ELectric Wire & Cable. With the rapid development of China's ELectric Wire & Cable industry, the number of new enterprises continues to rise, the industry's overall technical level has been greatly improved.

From January to November 2007, China's ELectric Wire & Cable manufacturing industry achieved a total industrial output value of 476,742,526 thousand yuan, an increase of 34.64% over the same period last year; to achieve cumulative product sales revenue 457,503,436 thousand yuan, an increase of 33.70% over the previous year; The total profit was RMB18,808,301 thousand, an increase of 32.31% over the same period of last year.

From January to May 2008, China's ELectric Wire & Cable manufacturing industry achieved a total industrial output value of 241,435,450,000 yuan, an increase of 26.47% over the same period last year; to achieve cumulative product sales income of 227,131,384,000 yuan, an increase of 26.26% over the previous year; 8,519,637,000 yuan, an increase of 26.55% over the same period last year.

China's sustained and rapid economic growth, cable products provide a huge market space, the Chinese market strong temptation, making the world focus on the Chinese market, in the reform and opening up just a few decades, China's cable manufacturing industry The formation of the huge production capacity to the world with admiration. With the Chinese power industry, data communications industry, urban rail transit industry, automobile industry and shipbuilding and other industries continue to expand the size of the ELectric Wire & Cable needs

Seeking will also grow rapidly, the future of ELectric Wire & Cable industry there is a huge potential for development.