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China's power cable localization rate needs to be improved

 Last Update: 2022-04-07
 Source: Internet
 Author: User

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【Market analysis of chemical machinery equipment network ]

Market analysis of chemical machinery equipment networkChemical machinery and equipment

1.
Analysis of the development status of China's power cable industry: production has rebounded in 2019

From the perspective of my country's power cable production from 2011 to 2018, the output of power cables from 2011 to 2014 showed a rapid growth trend, reaching a high output of 56.
7783 million kilometers in 2016.
Since then, the output of power cables has begun to show a downward trend, mainly due to the upstream The impact of raw material price fluctuations and the decline in industry gross profit margins have led to a downward trend in output.

In 2019, the output of China's power cable products reached 51,405,100 kilometers, a year-on-year increase of 13.
4%.
As of January-June 2020, China's power cable output was 24,291,700 kilometers, a cumulative increase of 2.
43%.

　　2.
Analysis of the profitability of China's power cable industry: the industry has a higher gross profit margin

　　The data shows that the overall gross profit margin of the power cable industry is more than 20%, and the gross profit margin is relatively high, which is more attractive to entrants.
From the level of various companies in the power cable industry, the main domesticIn terms of the gross profit margin of power cable products of listed wire and cable companies, the gross profit margin of Nanyang Co.
, Ltd.
exceeded 20% in 2019, and the gross profit margin of Smart Energy, Han Cable Co.
, Ltd.
, China Super Holdings, and Jinbei Electric Co.
, Ltd.
all exceeded 10%.
Strong.
The gross profit margin of Sun Cable and Baosheng shares is less than 10%, and the profitability of their power cable products needs to be improved.

Wire and Cable

3.
Analysis of the competitive landscape of enterprises in the power cable industry in China: operating income of Baosheng and Smart Energy

　　my country's power cable market has a low degree of concentration, the scale of production enterprises is generally small, and the market competition is fierce.

　　Judging from the data published in the annual reports of various companies, the operating income of smart energy reached 17.
1 billion yuan in 2019, and the operating income of Baosheng Co.
, Ltd.
reached 33.
3 billion yuan.
The overall market share of the power cable industry in 2019 was 1.
4 trillion yuan.
The company's market share accounted for less than 10% of the overall market share, reflecting that the power cable market has not yet formed an industry.

　　4.
China's wind power generation cable market demand forecast: the localization rate of power cables needs to be improved

　　Due to the harsh environment of wind power generation, the long service life of the wind turbine, and the continuous rotation of the cable with the wind turbine, the performance requirements of the cable are relatively high.
The cable products needed in the field of wind power generation are torsion resistance, cold resistance, salt spray resistance, oil resistance, ultraviolet resistance, soft and movable characteristics.

　　Because the wires and cables of wind power generation in my country are still in their infancy.
At this stage, a large number of wire and cable products need to be imported and are expensive, and the development and use of domestic wind energy cables is imminent.

　　According to the "Thirteenth Five-Year Plan for Renewable Energy", as well as my country's wind power development plan and the installed capacity of wind power decommissioned each year, it is estimated that the scale of China's wind power market installed capacity in 2020-2050 is shown in the figure below.

　　According to the forecast of the scale of the wind power generation market, and that each MW (1,000 kilowatts) wind turbine requires about 0.
8km of power cables, 2km of control cables, and 2km of power cables, it is estimated that an average of 67 thousand kilometers of power cables for wind power generation and 167,600 control cables will be needed each year.
km, power cables 167,600 km, a total of about 402,200 km.

5.
China's nuclear power cable market demand forecast: nuclear power cables have a high degree of external dependence

　　As special cables for nuclear power plants have strict requirements for halogen-free, low-smoke and other technical performance, at this stage, my country can mainly produce K3 wires and cables for the periphery of nuclear islands.
The remaining K1, K2* wires and cables are still highly dependent on imports.
.

　　As of the beginning of 2018, China has 38 nuclear power reactors in operation, accounting for 9% of the installed nuclear power capacity.
It is currently the country with more nuclear power plants under construction in the world; in addition, according to the "13th Five-Year Plan", by 2020, China will About 60 new nuclear power plants will be added.
By then, the number of nuclear power plants in China will reach more than 90, that is, 30GW will be put into operation during the "13th Five-Year Plan" period, and more than 30GW will be started, and the total installed capacity will reach 58GW.

　　For the above data and analysis, please refer to the "Analysis Report on Market Outlook and Investment Strategic Planning of China's Wire and Cable Industry" by Qianzhan Industry Research Institute.
At the same time, Qianzhan Industry Research Institute provides industrial big data, industrial planning, industry declaration, industrial park planning, industrial investment promotion, etc.
solution.

　　Original title: 2020 China's wire and cable industry market status and development prospect analysis power cable localization rate needs to be improved

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