• The global high-voltage cable market is expected to grow at a compound annual rate of 5% from 2020 to 2024.
    The global high-voltage cable market is expected to grow at a compound annual rate of 5% from 2020 to 2024.
    The global high-voltage cable market is expected to grow at a compound annual growth rate of about 5% from 2020 to 2024, with an estimated $13.63 billion in growth over that period, according to a report on the high-voltage cable market released by Reportlinker.com. Increased investment in renewable energy projects, the expansion of power transmission and distribution infrastructure, the rapid growth of offshore wind power and increased demand for long-distance transmission are contributing to the steady growth of the high-voltage cable market, the report said. On the other hand, the price fluctuations of base metals such as copper and aluminum will also affect the development of the market. In terms of market regions, the global high-voltage cable market is mainly divided into Asia-Pacific region, Europe, North America, South America, Middle East and Africa. Among them, the Asia-Pacific region is expected to become the largest market with regional demand in the forecast period. Rising demand for long-distance power transmission in emerging markets in the Asia-Pacific region, Notably China and India, as they urbanize and industrialize, and as the world's major renewable energy markets, will spur demand for high-voltage cables in the region. The rapid deployment of offshore wind in Europe, a major market for offshore wind, will continue to drive demand for high-voltage cable products in the region over the forecast period. At the same time, the deployment of offshore wind power in North America and the upgrading and expansion of aging infrastructure will also boost the demand for high-voltage cables in the region. From a manufacturer's perspective, the global high-voltage cable market is highly fragmented. In the forecast period, Prysmian (which has acquired general cable), Nexans, LS cable, Sumitomo electrician, Fujikura cable, Guhe electrician, Ankat cable and others will become the world's leading high-voltage cable manufacturers. Meanwhile, other manufacturers in the region, such as Far-east cable in Asia, Zhongtian technology, India Polycab, Dubai cable in the Middle East, and south cable in North America, will also be strong competitors in their respective regions. (News Source: http://www.cwc.net.cn/sy_show/17619.html )
    May 08, 2020 View More
  • CRU: global insulated metal wire and cable demand increased by 0.9% in 2019.
    CRU: global insulated metal wire and cable demand increased by 0.9% in 2019.
    CRU: global insulated metal wire and cable demand increased by 0.9% in 2019 According to CRU's report, a commodity research firm, global demand for insulated metal wires and cables will grow by just 0.9% year-on-year to 19 millons tonnes (by conductor weight) in 2019. This is due to weaker-than-expected demand in many of the world's major consumer markets. China, which accounts for 35 per cent of global consumption, will grow at an all-time low of 1.6 per cent year-on-year in 2019, mainly due to a sharp downturn in the automotive sector and a slowdown in investment in power grids. In addition, India's overall economic weakness, combined with a contraction in car production, has pushed CRU demand forecasts lower. In Europe, cable demand is expected to fall in 2019, led by a sharp decline in Germany, as the auto industry contracts strongly. At the same time, north American markets are also falling on a more pessimistic view of U.S. economic growth. Combined with concerns about the health of the global economy, CRU's outlook for 2020 is even more bearish. "Instead of expecting a strong rebound in 2020, we expect cable demand to grow by only 1-2 per cent year-on-year in conductor tonnes," CRU said. Beyond that, CRU remains optimistic about medium-term growth in cable demand. CRU expects compound annual growth in demand for insulated metal wires and cables to remain healthy between 2019 and 2024, roughly the same as between 2014 and 2019, underlining the overall stability of the industry despite short-term volatility. CRU sees continued construction, utility and industrial investment in emerging economies such as India, the asean region and the African continent as opportunities for insulated metal wires and cables around the world. Remark: CRU, it mean is "Commodity Research Unit". CRU is the world's leading analytical body in the mineral, metal, wire, cable and fertilizer industries, providing independent and authoritative professional services to all stakeholders, producers, buyers, suppliers, investors, Banks and governments. It has 250 specialists, including economists, management consultants, engineers, metallurgists, geologists, chemists and media professionals. Headquartered in London, it has offices in Beijing, Santiago, Rio DE Janeiro, Sydney and major cities in the United States.  CRU monitors global markets and provides you with up-to-date information and objective analysis on production, consumption/supply-demand balance, future trends, inventory, prices, and related industry news. CRU provides a series of market analysis reports, most of which are published monthly, called the CRU monthly report. There are mainly six monthly reports translated into Chinese, which are: monthly report of steel raw materials, monthly report of sheet metal, monthly report of copper raw materials, monthly report of copper, monthly report of alumina, monthly report of aluminum. (News Sources: http://news.cableabc.com/gc/20191227760581.html )
    Dec 31, 2019 View More
  • TOP 10 Energy Industry News in 2019.
    TOP 10 Energy Industry News in 2019.
    TOP 10 Energy Industry News in 2019. In recent years, with the increase of renewable energy, natural gas and shale oil production capacity, the growth of global oil demand has slowed down. However, the International Energy Agency (IEA) forecasts that the demand will increase by 1 million BPD in 2019 and 1.2 million bpd in 2020. However, the growth rate of shale oil production in the United States exceeds the growth rate of oil demand, which really promotes the contradiction in the oil market. This paper reviews the top ten news of energy industry in 2019 to attract readers. 1. Aramco oil facility attacked In September, drone attacks on the processing plants of the world's energy giant, Saudi aramco, at Abqaiq and Khurais, led to production cuts of 5.7 million barrels a day, or nearly 6 percent of the world's crude oil supply. It was the most significant attack on oil infrastructure in history. But this is not the most serious disruption, mainly because of the abundance of shale oil and the build-up of Saudi stocks. Saudi Arabia has announced that it will use its vast oil reserves to offset production disruptions following attacks on two major oil facilities. 2. The successful listing of Saudi ARAMCO Saudi Arabia's State-owned Oil Company, ARAMCO, launched an initial public offering at home in early December, priced at the top of its target range and raising $25.6 billion. The oil giant raised more money than the $25 billion Chinese Internet giant Alibaba raised when it entered Wall Street in 2014. It wasn't long before the company's market value reached the $2 trillion previously estimated by Saudi crown prince SALMAN. 3. OPEC cuts support oil prices OPEC continues to respond to the increase in us shale oil production by reducing its own production. This, as industry insiders call it, "is the only strategy that makes sense for a cartel." The group has cut output twice this year, along with Russia and other producers. That brings the total output cut by OPEC and its Allies to 1.7 million barrels a day. 4. U.S. oil production reached 1.28 million b/d The U.S. information energy administration says it expects U.S. oil production to hit a record 1.28 million barrels a day in 2019. This has implications for oil markets in other parts of the world. U.S. crude oil production has reached a record high of more than 12 million barrels a day this year thanks to increased output from the Permian basin, which stretches from Texas to new Mexico. The us has overtaken Saudi Arabia and Russia as the world's largest oil producer. 5. Norway announces divestment from fossil fuels Norway announced earlier this year that its global government pension fund (GPFG) would abandon some fossil fuel investments. The announcement is symbolic given the fund's size and the fact that it is a product of Norway's oil and gas history. But most reports miss the main background to the story, which is that the fund will in fact retain most of its oil and gas investments. 6. ...
    Dec 31, 2019 View More
  • Forecast and analysis of China's data cable market size and development trend in 2020
    Forecast and analysis of China's data cable market size and development trend in 2020
    Forecast and analysis of China's data cable market size and development trend in 2020 Digital communication cable refers to the cable products used for data transmission and signal transmission. It is commonly used in residential, commercial and industrial network wiring, signal transmission in electrical equipment, and high-speed data transmission between Internet equipment and equipment. Digital communication cable is the infrastructure of electronic information industry and cable communication industry, and bears the heavy responsibility of cable data transmission together with optical fiber. The data shows that in 2019, the sales volume of China's data points is 29.44 million boxes, and the sales volume is 11.864 billion yuan. It is predicted that in 2020, the sales volume of data cables in China will reach 31.5 million boxes, and the sales volume will reach 12.695 billion yuan. Development trend of data cable industry 1.5GB commercial pull category 6 data cable, high speed transmission cable and its connection product demand. The Ministry of industry and information technology of China officially issued 5G business license to the three operators on June 6, 2019, which shows that the global 5G business has been fully launched. At 5G transmission rate, category 6 data cables can no longer meet the requirements of their application fields. Category 6 and above data cables will completely replace category 6 and below data cables in 5G application fields; however, a large number of high-speed transmission cables are required for wiring in infrastructure such as 5g base station. Therefore, 5G commercial will greatly increase the demand of category 6 data cable, high-speed transmission cable and its connection products. 2. The development of Internet of things drives the demand of data cable and its connection products At present, the development of the global Internet of things industry is still in the first stage, namely, the decline of hardware costs, the reduction of power consumption, and the explosion of Internet of things connections. In this stage, smart home, intelligent security, smart city and other applications have been implemented. For the data and energy transmission of information sensing equipment such as infrared sensor, laser scanner, gas sensor and intelligent monitoring, intelligent bulb and other Internet of things terminal equipment, data cable is the most important solution. With the continuous development and upgrading of the Internet of things and its applications, the demand for data cable and its connecting products will continue to rise. 3. The construction of data center drives the demand of high-speed transmission cable and its connection products The construction of global data center has been in a period of rapid growth in recent years. And domestic Alibaba, Tencent, Huawei and Jinshan and other Internet companies are still in the layout of data centers. Large data centers need a large number of high-speed transmiss...
    Aug 24, 2020 View More

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