Future Development Trend of Wire and Cable Industry

In recent years, the continuous emergence of new materials, manufacturing processes and technologies have provided strong technical support for the development of the wire and cable industry. For example, the use of high-purity materials, nano-composite materials and other new materials can significantly improve the electrical and mechanical properties of wire and cable.

At the same time, advanced manufacturing processes and technologies, such as precision extrusion molding, laser welding, etc., also greatly improved the accuracy and reliability of wire and cable products. In addition, with the development of emerging industries such as smart homes and electric vehicles, the accompanying demand for wire and cable is also growing. These industries have high performance requirements for wire and cable, therefore, high-end development has become an inevitable trend in the wire and cable industry. According to statistics, the size of China's high-end wire and cable market in 2021 is about 130 billion yuan, and it is expected to reach about 190 billion yuan by 2025.