Demand For Insulated Wire & Cable In China Is Predicted To Rise By 2011

By Author: Bharat Book
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Due to the strong gross fixed investment in power grid, telecommunication and building construction, as well as by further increases in production of products that incorporate insulated wire and cable the demand for insulated wire and cable is expected to increase by 13.1 percent annually through 2011 to ¥335 billion in China. The Chinese government is focusing on expanding and modernizing the country's utility facilities, including power grids and telecommunication networks, in order to accommodate the needs of the rapidly expanding industrial sector and to provide a solid foundation for continued economic development. This provides significant opportunities for power, electronic and telephone wire, and fiber optic cable suppliers. A favorable outlook for construction expenditures will also help stimulate advances in building wire and cable. Increasing shipments of key end-use products such as electrical, electronic and transportation equipment will fuel demand for apparatus, electronic and automobile wire and cable.

Power wire and cable is expected to remain the largest product segment and post the fastest growth ...
... through 2011. Government efforts to improve China's power grid will be the principal driver of demand for power wire and cable. For example, China plans to have established a backbone network of ultra-high voltage power transmission by 2020. Fiber optic cable and electronic wire will also see favorable opportunities through 2011 as the country increases its telecommunications, computer networking and data communication capabilities.

The electric utilities market for insulated wire and cable is expected to post the fastest rate of growth, reflecting increasing electricity production and the need to upgrade the country's transmission and distribution network. Favorable gains will also come in electronic and electrical equipment markets, where demand is supported by an expanding communication network and a growing electrical sector. Market gains for wire and cable in building construction, industrial equipment and transportation applications will be healthy, bolstered by further increases in construction expenditures and industrial and transportation equipment shipments.

As with gross fixed investment activity, the size, growth and composition of wire and cable demand in China differ substantially from region to region. The Central-East will remain the largest regional wire and cable market, accounting for more than two-fifths of overall demand in 2011. However, the fastest rate of growth is anticipated in the Northwest. Market gains will primarily benefit from the government's Go West strategy, but also reflect the relatively small base from which advances are derived. Wire and cable demand growth in the Central- East and Central-North regions will also exceed the national average, benefiting from favorable business conditions.

Bharatbook.com included a new report titled Insulated Wire & Cable in China forecasts for 2011 & 2016 which presents historical demand data for the years 1996, 2001 and 2006 plus forecasts for 2011 and 2016 by product, market and geographic region. The study also considers market environment factors, assesses industry composition, evaluates company market shares and profiles 36 industry participants.

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