International market research firm Stratissis MRC recently released a report that in 2016, the global medium voltage cable market demand is about 39.32 billion US dollars, it is expected that by 2023, this data will increase to 64.12 billion US dollars, during the year The rate reached 7.2%.

The report believes that the process of industrialization and urbanization continues to advance, the continuous increase in renewable energy generation, the expansion and expansion of transmission and distribution systems, and the government's support policies are the main factors driving the steady growth of global medium-voltage cable demand. In addition, the growing demand for electricity in emerging countries and the development of renewable energy have provided significant opportunities for the development of this market.

On the other hand, insufficient capital support and delays in project planning and licensing applications will also constrain the development of this market.

From the perspective of installation, underground medium voltage cables will dominate the global medium voltage cable market. In terms of growth rate, with the continued increase in renewable energy investment in the Asia-Pacific region and the further increase in energy demand, the Asia-Pacific cable demand growth rate will lead the world.

From the perspective of enterprises, Prussian, Nexans, Lenny Cable, Anket Cable, and Universal Cable will become the world's leading suppliers of medium voltage cables.

At the same time, LS Cable, Dubai Cable, Far East Cable (now renamed “Smart Energy”, stock code: 600869), Brugg Group, Saudi Riyadh Cable, etc. will become the leading suppliers in their respective regions and participate in the fierce international market competition. Come in.