Wire and cable is the transmission of electrical energy, the transmission of information, and the manufacture of a variety of motors, electrical appliances, and instruments essential to the basic equipment, is the future of electrification, information-based society necessary basic products.
The wire and cable industry is supporting industries, products must meet the main industry performance requirements.
The vast majority of the national economy and wire and cable industry-related, therefore, wire and cable have been hailed as the national economy, "blood vessels" and nerves.
Over the past decade, China's wire and cable industry has made considerable progress, and to 1.1 trillion industry output value once exceeded the United States' ranks first in the world.
At present, the global wire and cable market has exceeded 100 billion euros. In the global wire and cable industry, the market size in Asia is 37%, the European market is close to 30%, the American market is 24% and other markets are 9%.
With the construction of a smart grid in China's power grid and the corresponding rural power grid renovation project continuing to move forward into the actual construction phase, the development of the domestic wire and cable industry also ushered in development opportunities.
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