Wire and cable industry trends
At present, the concentration of China’s wire and cable industry is low. Low industry concentration and a high degree of small enterprises in product varieties, selection of technology and other aspects of serious convergence, the general lack of core competitiveness, easily triggered by vicious competition between enterprises.
With the construction of China’s power grid and high-end construction projects, the market demand for higher quality products, coupled with the continuous fluctuations in the price of copper, aluminum and other major raw materials, making low-price competition in the small and medium-sized enterprises will face increasing pressure to survive, with technology, brand, quality advantages of enterprises will be able to survive. For these reasons, the restructuring of the wire and cable industry has become the development trend. The future of the wire and cable industry will accelerate the integration, industry concentration will be further enhanced.
In the current environment of economic growth change, some enterprises in the wire and cable industry are facing development bottlenecks. In order to get rid of the development dilemma, enterprises need to increase investment in R & D innovation, the business product-centered mode gradually changed to the business technology, business services-centered mode, to achieve their own industrial technology across the upgrade.
At this stage, China’s wire and cable manufacturing enterprises R & D capabilities with foreign cable giants compared to a certain gap still exists, but with the downstream industry on the wire and cable supporting industry to put forward newer, higher requirements, wire and cable industry enterprises will increase investment in R & D, improve the R & D system and other ways to continuously enhance their comprehensive innovation capabilities and technological strength, and promote the overall level of technology in the industry. The current product structure of China’s wire and cable industry is a more prominent problem is the supply of ordinary cable products, high-end products are in short supply, the product structure contradictions are prominent. Low-end cable products due to the low level of technology, equipment and technology is simple, resulting in a low threshold of entry into the industry, the production of numerous enterprises, resulting in excess capacity in the industry. Compared to conventional cables, special cables need to meet the special environment, laying, operating conditions and special features and other requirements, resulting in its higher technical content requirements, there are high entry qualification requirements in various fields. Since entering the “14th Five-Year Plan”, China’s special cable industry will develop the base point on innovation-driven, continue to promote the optimization and upgrading of industrial structure, comprehensive quality brand building, innovation and integration of green development.
