Source: Stainless Steel Manufacturer Hits:
According to foreign market research institutions expected in the next 5-10 years, China's aluminum alloy cable technology will reach world-class level, is expected to 2025, China's aluminum alloy cable market is expected to more than 300 billion yuan.
China's aluminum alloy cable market is expected to reach the world-class level in the next 5-10 years. It is expected that by 2025, China's aluminum alloy cable market is expected to exceed 300 billion yuan.
The report pointed out that at present, China's aluminum on behalf of the copper rate is still at a low level. While the United States aluminum alloy or almacillin aluminum-magnesium alloy substitution probability of copper has reached 70% -75% in Japan has reached 55% level. But China is still only about 3% -5%.
However, the next decade, China's new energy market will usher in rapid development, which is undoubtedly to the aluminum alloy cable provides a huge opportunity for development.
In many developed countries, aluminum alloy cable has become the transmission and distribution system used by the main cable products. As early as 15-20 years ago, aluminum alloy cables in Europe and the United States and other developed countries are widely used. Therefore, the report that is expected by 2025, China's aluminum alloy cable replacement rate will reach the international average, which means that this is a value of 300 billion yuan huge demand for the market, many Chinese companies have been targeting the market, and Made a lot of input. At this stage, the probability of China's aluminum generation copper is still very backward stage, the current situation within the short term aluminum on behalf of the copper need to continue for about 10 years, but with the development of China's renewable resources industry and the market government vigorously open, Of the future of China's aluminum on behalf of the probability of copper will be greatly improved. By then, China's aluminum industry will exceed 300 billion yuan market.