The security cable market is currently experiencing high anticipation and rapid growth. As the security industry has expanded significantly in recent years, its applications have shifted from government institutions to businesses, communities, and even households. As a crucial component of security systems, security cables have also seen substantial development as these systems become more deeply integrated into daily life.
The national policy has brought new opportunities for the wire and cable industry, which is a fundamental sector in China. In recent years, the government has launched several key policies related to national grid infrastructure, leading to the construction of multiple ultra-high voltage (UHV) projects. This has driven steady growth in the wire and cable industry. Large enterprises enjoy strong market competitiveness and profitability, while small and medium-sized companies demonstrate good asset management capabilities. Private enterprises, particularly those located in coastal regions, benefit from flexible market mechanisms and fast-paced development.
Currently, state-owned enterprises account for about 15% of the market, foreign-funded companies around 25%, and private enterprises over 60%. East China is the core region for wire and cable manufacturing, contributing 50% of the country's assets and output value, 60% of sales, and 70% of industry profits.
In 2011, the State Council issued the "Twelfth Five-Year Plan for National Economic and Social Development," emphasizing the need to accelerate cross-regional power transmission and the development of smart grids. This initiative aims to improve the efficiency and reliability of power supply, expand the West-to-East Power Transmission project, and promote advanced technologies such as information, control, and energy storage.
With the acceleration of China’s power grid construction and the ongoing UHV projects, the wire and cable industry has entered a new phase of growth. Experts predict that the industry will grow faster than the national economy, potentially reaching over 10% annually. The expansion of the power grid is expected to bring significant opportunities, especially for leading companies in the sector.
Despite its potential, the domestic wire and cable market faces challenges such as low entry barriers, excessive production scale, and poor quality control. Many small enterprises lack proper production capacity and testing facilities, leading to substandard products and safety risks. Foreign companies are also entering the Chinese market, especially in the high-end segment, where only a few domestic brands can compete internationally.
China's biggest advantage lies in its large domestic demand. With economic growth, it's only a matter of time before the country produces world-class cable companies. Over the past three decades, the industry has grown significantly, contributing to both economic and technological development. Companies with sales exceeding 10 billion yuan have emerged, laying the foundation for global competition.
To become truly world-class, Chinese cable companies must focus not only on growth but also on brand building, innovation, and social responsibility. The security cable market shows great potential, driven by the development of the national economy, IT advancements, and increased investment in power grid infrastructure. According to estimates, the overall cable market is growing at an annual rate of 8–12%, while the security cable market is expanding even faster, at 15–20%.
Compared to other industries like power, telecommunications, and broadcasting, the security cable sector is still relatively young, with some technological and industrial gaps. Major manufacturers are mainly based in the Yangtze River Delta and Pearl River Delta regions. Companies are typically categorized into foreign-invested firms, domestic specialized enterprises, and small-scale local producers.
Foreign companies such as Belden, Pirelli, and Nexans have established operations in China, offering a wide range of high-voltage and ultra-high-voltage cables. However, their high prices limit their market share to professional sectors.
Leading domestic security cable companies like Lianjiaxiang, Yuedao, Epson, and others have strong R&D capabilities and offer high-quality products at competitive prices. These companies dominate 70% of the domestic security cable market.
On the other hand, many private small businesses operate in a workshop-style manner, with limited resources and outdated processes. This often results in subpar products, affecting the overall market environment.
Despite the challenges, there are strong players in the industry, such as Lianjiaxiang, Yindao, Diyi, Akihabara, Unicom, Epson, and Tiancheng. These companies stand out through their R&D capabilities and help drive the continuous improvement of security cable technology.
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