After more than ten years of development, China's power cable has made great progress, and its industrial output value has surpassed that of the United States, ranking first in the world. However, as China's economy enters the new normal, new growth drivers are still being bred, and the old growth drivers continue to fade. There are both opportunities and challenges for the development of power cable industry, and there is a long way to go.

 

Electric power is in the most basic and important position in the national economy. With the rapid economic development, the electric power industry can leap. As an important part of the power industry chain, power cable is booming.

 

For example, the real estate industry in the golden decade, whether residential, apartment, shopping malls or office buildings, has a strong demand for construction lines, which has injected sufficient power into the development of the power cable industry. Moreover, the building intelligent construction is in full swing, which brings new opportunities to power cables.

 

However, in the second half of 2016, the real estate industry was cold, and the government increased the intensity of "de foaming". It is expected that the new construction will fall back, and it will last for two to three years, which may have a certain impact on the power cable industry.

 

In addition to the "de bubble" of the real estate industry, there are also the "de capacity" of the manufacturing industry, the "deleveraging" of the financial system, and the "de pollution" of the environment. These changes in the new normal economic conditions may affect the development of the power cable industry.

 

Although the original growth power has gradually disappeared, new growth power is rapidly nurturing and coming into being, including new energy, rail transit, power grid construction, UHV, aerospace and other fields. The demand for power cables in the above areas still keeps growing steadily and is expected to become a new source of growth.

 

In the new energy industry, the market demand for cable products is considerable enough. According to the analysis report on the development prospect and investment forecast of China's power cable industry provided by the forward looking Industry Research Institute, in the next few years, the national investment in the energy end will continue to tilt towards green energy such as wind power, nuclear power and photovoltaic, thus indirectly stimulating the growth of cable demand.

 

In the field of rail transit, the state is vigorously encouraging cities with conditions to develop urban transportation, which will promote the application of various flame retardant cables. As one belt, one road continues to advance, the construction of infrastructure investment will not be reduced, and the power cable will benefit from it.

 

Therefore, although the old growth forces are gradually fading under the new economic normal, new growth points are emerging. The convergence of these new growth points will provide a stronger and abundant driving force for the development of China's power cable industry.

 

Generally speaking, at the time of the alternation of the old and new growth drivers, the development opportunities and challenges of the power cable industry coexist. In the future, we should not only seize the development opportunities brought by emerging strategic industries, but also solve the fundamental problems of overcapacity, serious product homogenization and low industrial concentration. Of course, as long as we actively respond, the power cable industry still has great prospects.

 

(source: electromechanical network)