One of the Three Industries that can make Money Steadily — Power Cable Materials Industry

Power cable materials belong to the traditional manufacturing industry, different from today’s hot Internet industry.

The industry may not top the Internet industry, but the stability is very reliable.

Power cable material market analysis

First, explain the basics of the cable materials

Power cable materials are mainly divided into two kinds: conductor material. The other is insulating material.

Conductor materials are generally, copper, silver, aluminum and other materials with conductive properties.

Insulation materials are generally PVC, polyethylene, crosslinked polyethylene and other materials that can be isolated from electricity.

Insulation material is covered over the conductor material and can protect the cable and increase the life of the cable. Also to prevent people from suffering from an accidental electric shock.

The materials of wires and cables are very extensive, and any kind of cable is inseparable from these.

Power wire and power cable materials can be stable growth reasons

Now the rapid development of social science and technology, people’s income level is also increasing.

We have higher and higher requirements for all kinds of electrical equipment and greater demand. And wire and cable materials are essential to electrical equipment. So the wire and cable materials can grow steadily. Below data

Global electricity demand increased by 4% in 2019 than in 2018.

In addition, in recent years, the arrival of the 5G era, new energy vehicles are bound to become the mainstream.

This will increase the demand for automotive wires and cables, and the power materials industry is bound to reach a new peak.

The difficulties and challenges facing the wire and cable material industry

The biggest challenge facing the power cable material industry is the problem of raw material supply.

First of all, affected by the epidemic, the global supply and demand imbalance, and copper prices rose wildly. Secondly are the materials used for insulation, which require a large number of petrochemical products.

The depletion of crude oil caused the fluctuations in global market prices.

So that is why the biggest obstacle in the cable industry is the raw materials.

Development potential of wire and cable materials

The cable industry development potential remains huge, especially in the Asia-Pacific region.

The Asia-Pacific region occupies the main global cable market, and will still grow rapidly, so the cable materials will certainly be in short supply.

Whether the wire and cable materials are too late to participate

It is impossible to grow bigger and stronger in this industry, but want to make a stable small money, deep cultivation in this industry will live up to your expectations.

You can join us.

Website: www.zmscable.com