Including nuclear power cable, submarine cable, rail transportation, oil platform cable, environmental protection wires and cables and other new energy industries, has great development potential, but the phenomenon of differentiation stage of China wire and cable industry is very serious, Common wire and cable products appear overcapacity phenomenon, and along with the growing competition in the market; High-end products in short supply, still rely on the development of importing special cable become the inevitable choice of transformation and upgrading of domestic related enterprises.
China Industrial Information Network released "2015--2020 China's wire and cable industry depth research and investment prospects Analysis Report" states: special cable technical requirement is high, the added value is high, according to market research data show that China's total demand of about specialty cable about 40 billion yuan, and the annual growth rate of more than 20%, the state also actively encourage enterprises to break through the technical bottleneck special cable.
"Twelfth five-year" plan of our country's economic development proposed, want to optimize the layout of the development of energy, we must strengthen the construction of energy transmission channel. Oil cable as vital power link between oil and gas development platform of power system, has been playing a crucial role in development. Will certainly drive the petroleum and petrochemical industry demand for oil and cable.
Today, the good national policies and the rapid development of power cable industry, let more people began to believe that in the visible future, power cable industry will contribute the long-term development of the economy, the future of power cable industry must be bright.