Forecast and analysis of market status and development trend of China's wire and cable industry in 2022（一）

Wire and cable market status

1. Wire and cable market size

In recent years, with the steady growth of the domestic economy and the continuous advancement of industrialization and urbanization, industries such as electric power, petroleum, chemical industry, urban rail transit, automobiles, construction, new energy and ships have developed rapidly. In particular, the investment in the construction of intelligent transmission and distribution networks and the construction of UHV grids has continued to increase, which has promoted the efficient development of my country's wire and cable industry.

Data show that from 2017 to 2020, my country's wire and cable sales revenue generally showed a fluctuating growth trend. In 2020, China's wire and cable industry sales revenue reached 1.57 trillion yuan, a year-on-year increase of 12.14%. It is estimated that my country's wire and cable sales revenue will reach 1.65 trillion yuan in 2021, a year-on-year increase of 5.10%. In 2022, my country's wire and cable sales revenue will further reach 1.74 trillion yuan, a year-on-year increase of 5.45%.

2. Wire and cable market segment structure

According to the use, my country's wire and cable products are mainly divided into five categories: power cables, electrical equipment cables, wires (bare wires), winding wires, communication cables, and accessories. Among them, power cables are the most widely used, with the largest market share, up to 39%; electrical equipment cables account for 22% of the market, and conductors (bare wires), winding wires, communication cables, and accessories account for 15%. %, 13%, 8%, 3%.