Wire and cable refer to materials composed of one or more insulated wire cores that have the function of conducting current on them. Wire and cable are widely used in fields such as power, communication, and transmission, for transmitting electrical energy, signals, etc. There are various specifications and types of wires and cables, and their shapes, sizes, materials, etc. vary according to different purposes and needs. In recent years, the wire and cable industry has received high attention from governments at all levels and key support from national industrial policies. Multiple policies have been introduced to encourage the development and innovation of the wire and cable industry.
Since the 1990s, China's wire and cable industry has developed rapidly, becoming the world's second largest wire and cable production country after the United States. In 2011, the industry scale surpassed the United States for the first time, becoming the largest market; Since 2011, China's wire and cable production has shown an overall growth trend. Due to the impact of the epidemic, the growth rate of China's wire and cable production slowed down in 2020, and the production in 2022 was about 59.27 million kilometers. With the rapid development of industries such as power, communication, and transportation in China, the demand for wires and cables continues to grow, and the market size continues to expand. In 2022, the market size of the wire and cable industry reached 1.17 trillion yuan, and it is expected that the market size will reach 1.20 trillion yuan by 2023.
Although China's wire and cable industry ranks among the top in the world in terms of scale, compared to developed countries such as Europe, America, and Japan, the product homogenization is severe, mainly focusing on mid to low-end conventional cable products, and the selection of technology is convergent. The competition among enterprises in the industry is fierce, and the industry concentration is relatively low. In 2021, the top ten enterprises in the domestic wire and cable industry had a total market share of only 12.8%, and over 75% of the industry's enterprises were small and medium-sized enterprises. The top ten wire and cable companies in the United States account for over 70% of their domestic market share, while the top seven wire and cable companies in Japan account for over 65% of their domestic market share.
