2023 high voltage cable industry market opportunities where?

Release time: 2023-10-25

High-voltage cable is the 1 kind of power cable, which refers to the power cable used to transmit 1kv-1000kv, and is mostly used in power transmission and distribution. The components of the high-voltage cable from the inside to the outside include: conductor, insulation, inner sheath, filler (armor), and outer insulation. Armored high-voltage cables are mainly used for burial, which can resist the high-strength pressure on the ground and prevent other external damage.

High-voltage and ultra-high-voltage transmission modes have the characteristics of high energy efficiency and low loss. Under the economic development concept of energy conservation and environmental protection, they have become the inevitable direction of the development of the power industry. In addition, it has the advantages of & ldquo; large capacity, high reliability, and maintenance-free & rdquo;, and is increasingly used in long-distance and large-span transmission lines. The construction of high-voltage and ultra-high-voltage transmission lines brings huge market demand for high-voltage power cables.

Due to the boom in the transmission industry, the development of high-voltage cables and accessories in the Asia-Pacific region is more prevalent. China is the leading market for high-voltage cables and accessories, while other major markets include the United States, India, Germany, the United Kingdom, Brazil and Egypt.

2023 High Voltage Cable Industry Market Opportunity Analysis

High-voltage cables are increasingly used in urban power grid transformation, cross-regional networking, offshore wind power access and other projects. The application potential of ultra-high voltage cables in new energy power generation has been continuously mentioned, and domestic ultra-high voltage cable line construction projects are also increasing. By the end of 2022, the longest onshore ultra-high voltage cable line in China will be put into operation in Shaanxi.

Most of the domestic high-voltage and ultra-high-voltage insulating materials are imported. Public data show that the annual import volume of high-voltage cable insulation materials will reach 100000 tons in 2021. The reporter of Caixin News Agency combed and found that domestic cable polymer materials enterprises have Wanma shares, Zhzheng shares, Hangzhou High-tech, Yanshan Petrochemical, Dewei New Materials, Shanghai Kaibo, CGN High-tech Nuclear Materials, etc., but most of them produce medium and low voltage cable materials and do not have the ability to mass produce high voltage and ultra-high voltage cable materials.

The production process of high-voltage and ultra-high-voltage cable accessories is complex, and technical barriers are required to be high . In the cable transmission system, cable accessories bear 95% of the safety responsibility of the cable system, so Party A's customers have extremely strict requirements on the safety and stability of cable accessories (the failure rate required by the State Grid shall not be higher than 5‰).

from the market share, it can be seen that the accessory market CR5 is about 46%,CR10 & gt;90%, the overall competition pattern is acceptable, 500kV cable accessories currently only a few enterprises such as long cable technology, anby smart electricity, Han cable shares, wal nuclear materials, etc. have the capability of localization, with extremely high unit value content and gross profit margin of about 70%-90%. There are no more than 10 enterprises with 220kV cable accessories production capacity in China, with a gross profit margin of about 60-70%.

High-voltage cable market is a technology-intensive, capital-intensive, scale effect of the market, the enterprise's technical level, production capacity, quality management, service capacity, etc. have higher requirements. With the growth of market demand and the improvement of industry standards, low-end, small-scale, and serious homogenization companies will gradually be eliminated or merged, and high-quality, large-scale, and differentiated companies will gain more market shares. And profit margins.

According to the plan of the State Grid, the investment will increase to 520 billion yuan in 2023, an increase of 4% year-on-year. Power grid investment and new infrastructure are the driving force for the development of the cable market . Power grid construction is still in the development period, the higher the voltage level, the more conducive to long-distance power transmission, the future of domestic large-scale cross-regional power grid construction needs long-distance transmission, from the current high-voltage, ultra-high voltage line construction planning, the demand for supporting cables is growing trend.

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