After more than ten years of development, China's power cables have made great progress, and the industrial output value exceeds the United States and ranks first in the world. However, as China's economy enters the new normal, new growth drivers are still gestation, the old growth drivers continue to fade, and the development opportunities and challenges of the power cable industry coexist, and there is a long way to go.

Electric power is in the most basic and important position in the national economy. With the rapid development of economy, the electric power industry has been able to leap forward. As an important part of the power industry chain, power cables are booming accordingly.

For example, in the golden decade of the real estate industry, whether it is housing, apartments, or shopping malls and office buildings, the demand for construction lines is strong, giving sufficient impetus to the development of the power cable industry. And the intelligent construction of buildings is in full swing, bringing new opportunities to power cables.

However, since the second half of 2016, the real estate industry has been cold, and the government has increased its efforts to "de-bubble", it is expected that new buildings will fall back and last for two to three years, which may have a certain impact on the power cable industry.

In addition to the real estate "bubble", as well as the manufacturing industry "capacity", the financial system "deleveraging", the environment to "decontamination", these changes under the new normal of the economy, may affect the development of the power cable industry.

Although the original growth drivers are gradually disappearing, new growth drivers are rapidly being conceived and implemented, including new energy, rail transit, power grid construction, UHV, aerospace and other fields. The demand for power cables in these areas is still growing steadily and is expected to become a new source of growth.

In the new energy industry, the market demand for cable products is considerable enough. According to the "China power cable industry Development prospects and investment forecast analysis Report" provided by the Prospective Industry Research Institute, in the next few years, the state's investment in the energy end will continue to tilt towards wind power, nuclear power, photovoltaic and other green energy, thereby indirectly stimulating the growth of cable demand.

In the field of rail transit, the state is vigorously encouraging the development of urban transportation in cities with conditions, which will promote a variety of flame-retardant cable applications. In terms of power grid construction, with the continuous promotion of the "Belt and Road", basic investment construction will only increase, and power cables will benefit.

Therefore, although the old growth forces gradually fade under the new normal of the economy, new growth points are constantly emerging. Together, these new growth points will provide more robust and abundant development momentum for China's power cable industry.

In general, when the old and new growth drivers are alternating, the development opportunities and challenges of the power cable industry coexist. In the future, we must not only seize the development opportunities brought by emerging strategic industries, but also solve the fundamental problems of overcapacity, serious product homogenization, and low industrial concentration. Of course, as long as the active response, the power cable industry still has a good prospect.