China's power sector consumes about 45.0% of the wires and cables manufactured domestically each year.
San Francisco, CA (PRWEB) January 02, 2013
Over the five years to 2012, China's Wire and Cable Manufacturing industry has been growing at an annualized rate of 18.9% to $203.8 billion due to strong domestic demand and high economic growth across China.
China's electricity and power sector consumes about 45.0% of the wires and cables manufactured each year. In addition, strong growth in the construction and equipment manufacturing sectors have created high demand for industry products.
The Wire and Cable Manufacturing industry in China has a large number of small and medium-size enterprises serving distinct geographical regions. The top four firms – Far East Holdings, Wanda Group, Wuxi Jiangnan Cable and Baosheng Group, account for about 7.7% of industry revenue in 2012. The low industry concentration level also reflects the diverse nature of the industry's products. Firms tend to focus on particular wire and cable products or markets.
ACMR-IBISWorld forecasts that in the five years through 2017, total revenue of the Wire and Cable Manufacturing industry in China will increase strongly. Growth will be supported by the recovery in overseas markets and rising domestic demand due to the construction of integrated networks and China's smart power grid.
For more information, visit IBISWorld’s Wire and Cable Manufacturing in China industry report page.
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IBISWorld Industry Report Key Topics
Firms in the Wire and Cable Manufacturing Industry in China manufacture wires and cables for the transmission of analog or digital information signals and for power transmission and distribution.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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