Market Status and Development Trend Analysis of RF Test Cables Industry in 2022

The development history of RF Test Cables started relatively late. In 2011, the scale of China's RF Test Cables industry surpassed that of the United States for the first time, becoming the largest market in the global RF Test Cables industry. Subsequently, with the rapid development of my country's RF Test Cables market, the industry has entered a mature stage. However, with the establishment of a large number of RF Test Cables enterprises, my country's low-end RF Test Cables production capacity is facing a situation of excess.

The manufacturing industry is gradually picking up, and the cable industry is set sail again

In recent years, with the rapid development and continuous expansion of China's electric power, petroleum, chemical, urban rail transit, automobile and shipbuilding industries, especially the acceleration of power grid transformation, the successive construction of UHV projects, and the global RF Test Cables products to the The Asia-Pacific region dominated by China has moved, and the market scale of China's RF Test Cables industry has grown rapidly. RF Test Cables has become the largest industry among more than 20 sub-sectors in the electrical and electrical industry, accounting for one-fourth of the proportion.

According to the data, the expansion of my country's RF Test Cables industry has slowed down in recent years. From 2015 to 2020, my country's wire and cable sales revenue generally showed a trend of fluctuation. Due to the weakening of my country's macro economy and the impact of manufacturing overcapacity in recent years, the RF Test Cables industry once experienced a decline in scale, and reached a trough in 2018, reaching 0.99 trillion yuan. With the acceleration of investment in new energy in my country, the RF Test Cables industry has begun to slowly recover. In 2020, the sales revenue of RF Test Cables reached 1.08 trillion yuan, a year-on-year increase of 5.02%.

VNA Test Cables market segment power cable is still the first

In terms of the VNA Test Cables segment, the market demand for power cables and electrical equipment cables is at the forefront. In 2018, the market size of power cables accounted for 36%, electrical equipment cables accounted for 20%, and bare wires and windings combined accounted for 31%. Due to my country's subsidies for offshore wind power installations in 2019 and 2020, the rise of demand for new energy vehicles, and the rapid development of infrastructure such as rail transit, VNA Test Cables and electrical equipment cables have grown significantly on the demand side.

Prospective preliminary estimates show that in 2020, power cables will account for about 39% of the total wire and VNA Test Cables, electrical equipment will account for about 22% of the total scale, bare wires and winding combinations will account for 28% of the total scale, and communication VNA Test Cables will be down from 2018. 1 percentage points, accounting for 8%.