Power grid construction brings big business opportunities to the wire and cable industry

Release time： 2021-12-31 18:04

【Summary description】 During the 11th Five-Year Plan period, China's total investment in power grid construction will exceed 1 trillion yuan.

During the 11th Five-Year Plan period, China's total investment in power grid construction will exceed 1 trillion yuan. In the next five years, the construction scale of the backbone network will increase substantially. State Grid Corporation plans to complete two UHV power transmission and transformation projects in the next two years: one is the Southeast of Shanxi - Nanyang - Jingmen exchange project, and the other is the Zhaotong Yunnan - Guilin Guangxi - Huidong Guangdong 1000kV AC power transmission and transformation project. According to experts, by 2020, the transmission capacity of ultra-high voltage and trans-regional power grids will be 210 million kW. By 2020, the total market of UHV AC and DC will be 406 billion yuan, of which AC will be 256 billion yuan and DC will be 150 billion yuan.
It has been said that although the wire and cable industry is only a supporting industry, it accounts for a quarter of the output value of China's electrical industry. It is the second-largest industry in China after the auto industry. It has many kinds of products and a wide range of applications, involving power, construction, communication, manufacturing and other industries, and is closely related to each sector of the national economy. Wires and cables are also known as the "artery" and "nerve" of the national economy. They are essential basic equipment for conveying electric energy, transmitting information, manufacturing various motors, instruments and meters, and realizing electromagnetic energy conversion. They are also essential basic products in the future electrified and information society.
Under the background of the construction and transformation of large power grid, a new wave of development of wire and cable industry will be set off.