2026-01-16 16:43:42
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Over the past decade, China's cable industry has undergone a profound transformation from 'scale expansion' to 'high-quality development'. Driven by national strategies such as 'new infrastructure', 'dual carbon' goals, and smart grid development, the industry's market size has grown from approximately 1.1 trillion yuan in 2016 to an estimated over 2.5 trillion yuan by 2025. The export volume has increased by over 150% cumulatively in ten years, while imports have continued to shrink, presenting a pattern of 'stability internally and expansion externally'. Emerging fields such as ultra-high voltage (UHV), offshore wind power, data centers, and new energy vehicles have spurred explosive demand for specialized products such as ultra-high voltage direct current (UHVDC) cables, 66kV dynamic offshore cables, and intelligent sensing cables. The localization rate has significantly increased, with the localization rate of XLPE cables above 500kV exceeding 85%. Leading enterprises such as Zhongtian Technology, Dongfang Cable, and Far East Cable have made breakthroughs in 'bottleneck' technologies in high-end fields, established national-level 5G smart factories, and promoted the transition towards digitalization and green production. However, there are still over 4,000 enterprises competing homogeneously in the mid-to-low-end market, putting pressure on profits. In high-end fields such as aerospace and deep-sea engineering, 80% of the market relies on imports, and the ability to independently control core materials and equipment still needs to be strengthened. The industry is accelerating towards a new stage of productive forces characterized by 'high-end technology, intelligent manufacturing, and green products', advancing along three parallel tracks.