China Low Voltage Cable Market Overview, 2028

In the wire and cable industry in China, low voltage wires generally refer to wires and cables designed to carry electrical currents at voltage levels below 1,000 volts (V) or 1 kilovolt (kV). The range of low-voltage wire products available in the market can vary based on factors such as conductor material, insulation type, and specific industry requirements. China's massive population and rapid urbanisation have led to a substantial demand for low-voltage wire and cable products. The construction, infrastructure, and automotive sectors are major consumers of these products in China. Chinese manufacturers offer a wide range of low-voltage wire and cable products to cater to various applications and industries. This includes cables for power distribution, building wiring, telecommunications, automotive, and more. Chinese companies invest in research and development to innovate and adopt new technologies in low-voltage wire and cable production. This includes advancements in materials, insulation, conductor design, and manufacturing processes. Chinese manufacturers have made significant advancements in terms of technology and innovation in low-voltage wire and cable production. They adopt modern manufacturing processes, equipment, and materials to improve product quality and efficiency. According to the research report "China Low Viltage Cable Market Overview, 2028," published by Bonafide Research, the China Wire and Cable Market was valued at above USD 32.15 billion in 2022. In the wire and cable market in China, various installation types are utilised depending on the specific application and requirements. Overhead installation involves placing wires and cables overhead, typically supported by poles, towers, or other structures. Overhead installations are commonly used for power transmission and distribution lines. Furthermore, in underground installations, wires and cables are laid underground, usually in trenches or conduits. Underground installations are widely used in urban areas, buildings, and infrastructure projects. The country has relied heavily on overhead installations for power distribution and transmission lines, particularly in rural areas. Overhead installations are often cost-effective and easier to maintain and repair. They are commonly seen in areas with existing overhead infrastructure, such as utility poles and towers. There has been a growing emphasis on underground installations, particularly in urban areas and new infrastructure projects. China has installed nearly half of all new capacity in 2018 and continues to lead the global capacity additions in solar and wind. Increasing installation capacities of solar and wind energy in this region are expected to boost the demand for low voltage cables during the forecast period.

The construction industry is a significant consumer of wire and cable products in China. Wires and cables are used in residential, commercial, and industrial buildings for electrical wiring, lighting, and power distribution. Furthermore, the power sector is a major end-user of wire and cable products. They are used for transmitting and distributing electrical power from generation plants to substations and from there to consumers. Copper is the most widely used conductor material due to its excellent electrical conductivity. It offers low resistance and is suitable for high-performance applications. China has established national standards for wire and cable products, including low-voltage wires. These standards set the requirements for product specifications, materials, manufacturing processes, testing methods, and safety considerations. The most commonly followed national standards in China for wire and cable products are GB/T (GuoBiao) standards. Furthermore, wire and cable manufacturers in China are also required to obtain certification for their products to meet regulatory compliance. The China Compulsory Certification (CCC) mark is a mandatory certification system for various products, including wire and cable. It ensures that the products meet safety and quality standards set by the government. The import and export of wire and cable products in China are subject to customs regulations and compliance with international standards. The government sets requirements for labelling, documentation, testing, and compliance with relevant regulations when importing and exporting wire and cable products. There are several major brands in the wire and cable industry in China. These brands have a strong presence in the domestic market and are known for their quality products and reliable performance. Prysmian Group, Nexans, Jiangnan Group, Far East Cable, Shandong Yanggu Cable Group, Baosheng Group, and Zhongtian Technology Group are some of the major brands in the Chinese market. There are several associations and organisations in China related to the wire and cable industry. China Electrical Equipment Industry Association (CEEIA), China Cable Industry Association (CCIA), China Communications Standards Association (CCSA), and China Power Supply Society (CPSS)—these associations and organisations contribute to the growth, standardisation, and advancement of the wire and cable industry in China. The wire and cable industry in China is highly competitive, with numerous manufacturers operating in the market. This can lead to price competition and pressure on profit margins for companies. Keeping pace with technological advancements and investing in research and development is crucial for wire and cable manufacturers. Staying at the forefront of new materials, manufacturing processes, and technologies requires significant investments and continuous innovation. Considered in this report: • Geography: China • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • China Low voltage cable with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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Manmayi Raval

Research Consultant

By Installation Type: • Overhead • Underground • Submarine By End Users: • Power Infrastructure (Energy, Power Transmission, and Distribution) • IT & Telecommunication • Building & Construction (Commercial and Residential) • Aerospace & Defence • Consumer Electronics • Automotive (Passenger, Commercial, and Utility Vehicles) • Others (Oil & Gas Industry, Industrial Machinery and Manufacturing, Medical Equipment, Logistics, etc.) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analysing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age groups, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources.

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Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Medium Voltage Cable market, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry Keywords: China, low voltage cables, power transmission, distribution networks, materials, standards, certifications, Renewable energy integration, Substations, Power generation, Voltage levels, Conductivity, Insulation, Cable management, Fault detection, Grid infrastructure, Electrical engineering, Energy efficiency.