The advantages of China Cable are mainly reflected in technological innovation, market growth, and the research and development and application of special cables.
Technological innovation and market demand growth:
China’s cable industry has made significant progress in technological innovation, especially in superconducting cable technology. For example, the successful operation of the world’s first 35-kilovolt kilometer-level superconducting power transmission demonstration project demonstrates China’s leading position in superconducting cable technology. This superconducting cable uses high-temperature superconducting materials, which can achieve superconducting at temperatures above minus 200 degrees. It uses cheap liquid nitrogen as a coolant, which greatly reduces construction and maintenance costs while improving transmission efficiency and capacity.
With the growth of offshore wind power installed capacity, the cable industry has ushered in new market growth space. The average cost of electricity per hour of offshore wind power continues to decline, and it is expected that the acceleration of offshore wind power installed capacity will further promote the development of the cable industry in the future.
Complete variety:
China’s cable market has a wide range of products, including various low-voltage, medium-voltage, high-voltage cables, and special cables, which can meet the needs of different fields.
R&D and application of special cables:
The market size of China’s special cable industry continues to grow, with a compound annual growth rate of 8.7%. Special cables have the characteristics of high technical content, strict usage conditions and high added value. They are widely used in nuclear power, new energy, marine engineering and other fields.
Cost advantage:
The cost of China’s cable production is relatively low, mainly due to the advantages of raw material procurement, production technology and labor costs, forming an efficient supply chain system. This allows Chinese cables to enter the international market at more competitive prices.
Market and production growth:
The output of China’s power cable industry continues to grow. In 2022, the output of China’s power cable industry will be 56.2 million kilometers, an increase of 2.7% over 2021. This shows that while China’s cable industry is meeting domestic demand, it is also actively expanding into the international market.
To sum up, the advantages of China’s cable industry are not only reflected in technological innovation and market growth, but also include the research and development and application of special cables. These advantages allow China’s cable industry to occupy an important position in the global market and is expected to continue to maintain strong growth momentum in the future.