Grid construction brings huge business opportunities to the wire and cable industry

During the "Eleventh Five-Year Plan" period, the total investment in China's power grid construction will exceed 1 trillion yuan. In the next five years, the construction scale of the backbone network will increase significantly. The State Grid Corporation of China plans to build two UHV power transmission and transformation projects within the next two years: the first is the exchange project of Jindongnan-Nanyang-Jingmen, and the other is Yunnan Zhaotong-Guilin-Guangdong Guangdong East 1000kV AC power transmission project. According to experts' estimation, the transmission capacity of UHV and cross-regional power grids will reach 210 million kW by 2020. The UHV AC and DC market by 2020 is a total of 406 billion yuan, of which 256 billion yuan will be exchanged and 150 billion yuan will be direct current.

Some commentators said that although the wire and cable industry is only a supporting industry, it occupies a quarter of the output value of the Chinese electrical industry. It is China's second largest industry after the auto industry. It has a wide range of products and a wide range of applications. It covers electric power, construction, communications, and manufacturing, and is closely related to various sectors of the national economy. Wire and cable is also known as the "artery" and "nervous" of the national economy. It is an indispensable basic equipment for the transmission of electric energy, transmission of information, and the manufacture of various motors, instruments, and meters to achieve electromagnetic energy conversion. It is the future of electrification and information. The necessary basic products in the society.

Under the background of the construction and transformation of the large-scale power grid, a new round of development of the wire and cable industry is bound to set off.

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