Wires and cables are indispensable basic equipment for transmitting electrical energy, transmitting information, and manufacturing various motors, electrical appliances, and instruments. They are also necessary basic products in the future electrification and information society. The wire and cable industry is also a supporting industry, and products must meet the performance requirements of each main industry. Most industries of the national economy are related to wires and cables. Therefore, wires and cables are also hailed as the "vessels" and nerves of the national economy.

In the past ten years, China's wire and cable industry has made great progress, and it has surpassed the United States and ranked first in the world with an industry output value of 1.1 trillion yuan. At present, the global wire and cable market has exceeded 100 billion euros. In the global wire and cable industry, the Asian market accounts for 37%, the European market is close to 30%, the American market accounts for 24%, and other markets account for 9%. With the continuous development of China's power grid smart grid construction and the corresponding rural power grid reconstruction projects, and entering the actual construction stage, the development of the domestic wire and cable industry has also ushered in development opportunities, but behind the prosperity, the internal problems of the industry are still in a very bad situation. status.

At present, my country's wire and cable industry is still not very strong in terms of technical strength, and it lags behind foreign similar products in many aspects. When the construction of the smart grid comes to an end three years later, the domestic cable industry may usher in a new round of industrial depression. Therefore, at the same time as the domestic cable industry is developing rapidly, it will further increase investment in technology research and development to build a large and strong local industrial chain.