First, cable accessories industry status
The main role of wire and cable is electric energy transmission, which is an indispensable basic equipment in the process of converting electromagnetic energy into electric energy, and is a necessary product for social electrification and informatization. Cable accessories are cable terminals and connectors, they are an essential part of the cable line, its main function is to restore the performance of the cable, while realizing the connection with other equipment. At present, cable accessories are mainly targeted at three downstream application areas: large-capacity facilities such as large hydropower stations, substations, urban network transformation, and cross-linked cable needs of large industrial and mining enterprises. According to the voltage level of the application of cable accessories, cable accessories can be divided into medium and low voltage cable accessories, high voltage cable accessories and ultra-high voltage cable accessories.
Second, market competition pattern
In general, cable accessories products related to the technical threshold is high, the production process is more complex, belongs to a composite discipline, a variety of professional comprehensive application of the industry, so enter the cable accessories industry requires many years of technical accumulation and interdisciplinary, multi-professional technical talent accumulation as a guarantee, while the power grid for manufacturers to implement strict scale management and qualification review, There are clear requirements for operational experience. The overall gross profit rate of the industry is higher, more competition between low and medium pressure manufacturers, only a few enterprises can produce high-pressure products and ultra-high-pressure products, the leading market share is higher, and the relaxed competitive environment of high-end products brings higher gross profit margin.
There are more than 100 manufacturers of cable accessories in China, but these manufacturers mainly produce low-voltage cable accessories with low technical content, resulting in a small market sales scale, and the annual turnover has not reached 10 million yuan, low technical content and many manufacturers, resulting in particularly fierce competition. The high-end market is mainly high voltage cable accessories, due to high technical requirements, the need to invest manpower and material requirements are relatively high. There are many manufacturers in the 35KV cable accessories market, and the competition is more fierce, but only 5-6 domestic manufacturers and a few foreign manufacturers can produce in the field of 220KV ultra-high voltage cable accessories. According to the information released by the State Grid, only 27 cable accessories enterprises have reached the qualification of the State grid supplier.
Third, power grid construction accelerates the development of the industry
The development of the cable additional industry has a close relationship with the construction of the power grid, the continuous expansion of the investment scale of the power grid construction, the pattern of long distance, large range, high capacity and high voltage will further stimulate the demand for high voltage, ultra-high voltage cables and cable accessories, and the national grid investment is expected to reach 460 billion yuan in 2020, compared with the investment in 2019. After 2020, in the three regions with relatively developed economies, East China, North China and Central China, to undertake large-scale foreign power, these three regions as the receiving end of the power grid, need to upgrade to 1000kV UHV AC power grid. At present, UHV transmission is mainly based on overhead lines, which covers a large area, transmission security is susceptible to climatic conditions, and transmission quality is not high, which will affect the safety and stability of the entire power grid. Therefore, the use of UHV cable transmission will become a development trend, and the research and development of UHV and UHV cross-linked cables and accessories related to it will become an important direction of future development.
Iv. Industry-related policies
Power cable industry is one of the largest supporting industries in China’s national economy, from the 1990s, the Chinese government began to attach importance to the development of domestic cable accessories, encourage investment in the construction of cable accessories industry, thereby gradually breaking the monopoly of foreign companies. In recent years, the State Administration of Quality Supervision, Inspection and Quarantine, the Ministry of Industry and Information Technology and other units issued a series of relevant policies, proposed to increase the efforts to regulate market behavior, promote fair competition, stop low-price sales, and standardize the industry order. Since then, a number of small scale, lack of core competitiveness of wire and cable enterprises to withdraw from the market, industry competition began to develop toward branding, quality, service. In November 2018, the State Administration for Market Supervision and Administration issued the “Detailed Rules for the Implementation of the Production License for Wire and Cable Products” to further strengthen the quality management of products in the wire and cable industry.
Post time: Dec-25-2024
