China's "Twelfth Five-Year Plan" power grid investment is about 2.55 trillion yuan, accounting for 48.00% of the total power investment. The national 1 10kV and above lines reach1330,000km, and the substation capacity is 5.6 billion KVA. In 2020, the national installed power generation capacity will reach about 65.438+88.5 million kilowatts, with an average annual growth rate of 5.60%. The national 1 10kV and above lines reach1760,000 km, and the substation capacity is 7.9 billion KVA ... The development of the power industry will bring opportunities to the cable industry.
The demand for non-power cables is growing rapidly.
With the continuous expansion of China's power industry, petrochemical industry, urban rail transit industry, railway, data communication industry, energy industry, automobile industry and shipbuilding industry, the demand for wires and cables will also increase rapidly. Among them, submarine cables and clean energy cables are expected to be pulled by downstream industries, expanding new market space and showing a high growth trend.