Global Wire and Cable Industry 2018 Market Status and Trend Analysis

11/24

2021

The wire and cable industry has become a foundational sector in China's industrial development. From the perspective of segmented application fields, it mainly includes power cables, electrical cables, communication cables, optical cables, submarine cables, and special cables. Currently, power cables and communication cables hold a higher market share. However, in terms of gross margin in segmented markets, submarine cables have the highest margin due to factors such as high technical barriers. With the industrial structure adjustment and transformation and upgrading of China's wire and cable industry, submarine cables have become the main competitive focus for domestically strong enterprises.

Wide range of applications, crucial roles in various fields

Submarine cables have a wide range of applications and are significantly and extensively used in submarine observation networks, communications, power networks, offshore oil development, and offshore wind power fields. In submarine observation networks, various junction boxes, sensors, and observation instruments are mostly connected via submarine cables, except for a small portion using wireless acoustic links. Additionally, submarine cables are widely applied in communication networks, power networks, offshore oil development, offshore wind power, and many other fields.

Optical composite cables have outstanding advantages and are the main future development trend

Functionally, submarine cables can be divided into submarine optical cables, submarine power cables, and submarine optical composite cables. Among them, submarine optical composite cables have high technical content and are challenging. Compared to submarine optical cables and submarine power cables, they have advantages such as smaller space occupation, superior bending performance, high adaptability to the same equipment, strong scalability, and ease of construction, making them the main development trend in the future.

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