under more than ten years of development, China's cable industry has made great progress, and its industrial output value surpassed that of the United States to rank first in the world. However, as the Chinese economy enters a new normal, the new growth momentum is still gestating, the old growth momentum continues to subside, and the opportunities and challenges of the power cable industry coexist, and there is still a long way to go.

Electricity is at the most basic and important position in the national economy. While the economy is developing rapidly, the power industry has been able to leap. As an important part of the power industry's industrial chain, power cables have also flourished.

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

However, since the second half of 2016, the real estate industry has been cold, and the government has increased the intensity of “de-foaming”. It is expected that the new buildings will fall back and last for two to three years, which may have certain impact on the power cable industry.

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

Although the original growth momentum has gradually disappeared, the new growth momentum is rapidly gestating and implementing, including new energy, rail transit, power grid construction, UHV, and aerospace. The demand for power cables in these areas is still 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. According to the analysis of China's power cable industry development prospects and investment forecast analysis report provided by Prospective Industry Research Institute, in the next few years, the state's investment in energy sector will continue to be inclined to green energy such as wind power, nuclear power and photovoltaic, thus indirectly stimulating cable demand growth. .

In the field of rail transit, the country is strongly encouraging conditional cities to develop urban transport, which will lead to the application of various flame retardant cables. In terms of power grid construction, with the continuous implementation of the “Belt and Road”, the basic investment construction will only increase and the power cable will benefit.

Therefore, despite the new economic normal, the old growth forces are gradually fading, but new growth points are emerging. These new growth points will bring together more powerful and abundant development momentum for China's power cable industry.

In general, the opportunities and challenges of the power cable industry coexist as the new and old growth drivers alternate. In the future, we must seize the development opportunities brought by the emerging strategic industries, as well as the fundamental problems of overcapacity, serious product homogeneity, and low industrial concentration. Of course, as long as we respond positively, the power cable industry still has great prospects.