The new and old growth drivers of power cables alternate Opportunities and challenges coexist

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

Electricity is in the most basic and important position in the national economy, and while the economy is developing rapidly, the power industry has made a leap.

As an important part of the industrial chain of the power industry, power cables have also flourished
.

For example, in the real estate industry in the golden decade, whether it is residential, apartments, or shopping malls and office buildings, the demand for construction lines is strong, which injects sufficient impetus
into the development of the power cable industry.
Moreover, the intelligent construction of buildings is in full swing, bringing new opportunities
to power cables.

However, since the second half of 2016, the real estate industry has cooled, the government has increased its "de-bubble" efforts, and it is expected that new construction will fall back and last for two to three years, which may have a certain impact
on the power cable industry.

In addition to the "de-bubble" of real estate, there are also "de-capacity" of manufacturing, "deleveraging" of the financial system, and "de-pollution" of the environment, which may affect the development of
the power cable industry under the new normal of the economy.

Although the original growth drivers are gradually disappearing, new growth drivers are rapidly nurturing and developing, including new energy, rail transit, power grid construction, UHV, aerospace and other fields
.
The demand for power cables in the above areas still maintains steady growth and is expected to become a new source of
growth.

In the new energy industry, the market demand for cable products is considerable
.
According to the analysis of the "China Power Cable Industry Development Prospect and Investment Forecast Analysis Report" provided by the Prospective Industry Research Institute, in the next few years, the country's investment in energy will continue to be tilted towards green energy such as wind power, nuclear power, and photovoltaic, thereby indirectly stimulating the growth
of cable demand.

In the field of rail transit, the state is vigorously encouraging conditional cities to develop urban transportation, which will promote the application
of various flame-retardant cables.
In terms of power grid construction, as the "Belt and Road" continues to advance, infrastructure investment will only increase, and power cables will benefit
.

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

In general, when the new and old growth drivers alternate, the development opportunities and challenges of the power cable industry coexist
.
In the future, we must not only seize the development opportunities brought by emerging strategic industries, but also solve fundamental problems
such as overcapacity, serious product homogenization, and excessive industrial concentration.
Of course, as long as it is actively responded, the power cable industry still has great prospects
.