2016-2020 annual global cable market growth rate of about 5.1%

According to the latest report from international research institutions ReportsnReports revealed that 2016-2020, the global market growth rate of insulation cable will reach 5.1%.

According to statistics, 2009-2015, the global average annual growth rate of insulation cable market reached 8.6%.

Currently, coaxial cable and other coaxial conductor station 7.9% global market demand, less than 80 volts of electrical conductors accounted for 43.1%, 80-1000 volts electrical conductor accounted for 28.8%, above 1000 volts electric conductor 6.7% Copper winding wire accounted for 5.7%, 1.3% of other insulation winding wire, fiber optic cable accounted for 6.5%.

In terms of countries, China, Germany, Japan, Korea and the United States will become the world's five largest markets for insulated cables, with the fastest growth rates being Cyprus 18%, Sri Lanka 9.2%, Philippines 8.7% %, China 6.6%.

The report concludes that stringent building codes, energy efficiency requirements and increased investment in electric power and communications infrastructure, especially in developing countries, are the main reasons for the steady growth of the global insulated cable market.