It is understood that the wire and cable market is becoming increasingly mature, as an important material in industrial production, with the development of industry and manufacturing industry, the world's wire and cable industry has formed a monopoly, this pattern of China's wire and cable industry caused some pressure. As we all know, China's wire and cable market has always been very supportive of special cables, so in this competitive landscape, China's wire and cable market will gradually open up to the special cable market.
China's wire and cable market has been growing year by year in recent years. As mentioned above, it has become the second largest industry in China after the automobile industry. The special cable accounts for 30% of the market sales, which shows that China's special cable plays an important role in the cable market. This also allows cable products to be further subdivided, special cable is through the technical research and development of a new cable products, suitable for special circumstances.
China's cable industry is also one of the largest in the world, second only to the United States. Special cable is a new and promising product in China's cable market. Other countries, seeing the smooth development of China's wire and cable industry, want to have a foothold in China's market, so they set foot on China's land. The world cable giant nexen has stepped into the Chinese market, which is a challenge as well as an opportunity for the Chinese cable market.
It is said that the transformation of China's wire and cable industry has attracted much attention. In fact, it is the same. This requires China's wire and cable industry to have its own characteristics and technology, especially in technology to be better. Special cable arises at the historic moment under the specific environment, special cable reflects the product technology content, open special cable for China is a cross, although it is a good thing, but also to understand the hidden problems, special cable can only be used in oil drilling the specific circumstances, such as for other industries, manufacturing to potato chips, general cable to the pursuit of progress in technology.