Wire and cable industry in developing countries in 2025: opportunities and challenges coexist
Views: 102Author: Site EditorPublish Time: 2025-02-08Origin: Site
1. Demand-driven: Infrastructure and energy transformation become the core engines
Infrastructure investment boom:
The urbanization process in developing countries is accelerating, and infrastructure projects such as electricity, transportation, and communication networks are continuing to expand, driving a surge in demand for medium and low voltage cables.
Renewable energy layout:
With the implementation of new energy projects such as photovoltaics and wind power, the demand for supporting high-voltage transmission cables and special cables has increased significantly. For example, many countries in Southeast Asia and Africa plan to increase the proportion of renewable energy power generation to more than 30% by 2025.
Industrialization upgrade needs:
The intelligent transformation of the manufacturing industry places higher requirements on high-quality industrial cables (such as robot cables and high-temperature resistant cables).
2. Game between localized production and technology upgrade
Policies support local industrial chains:
India, Vietnam and other countries encourage local cable companies to replace imports through tariff barriers and subsidy policies, but technical bottlenecks (such as ultra-high voltage cable manufacturing) still rely on foreign investment cooperation.
Green transformation pressure:
International standards such as EU carbon tariffs force companies in developing countries to upgrade environmental protection processes, and R&D investment in degradable sheath materials and low-carbon production technologies will become the key to competition.
3. Significant regional market differentiation
Southeast Asia:
Growth highland: Benefiting from the transfer of cross-border manufacturing and the ASEAN power grid interconnection plan, the annual demand growth rate in Vietnam, Indonesia and other countries is expected to reach 8%-10%.
Africa:
Potential and risks coexist: Rural electrification projects (such as the "African Power Alliance" initiative) release demand, but political instability and weak payment capacity restrict foreign investment.
Latin America:
Resource-based demand dominates: The expansion of copper and lithium mining drives the demand for mining cables, but currency fluctuations lead to high costs for imported equipment.
4. Challenges: Cost and competition
Raw material price fluctuations:
The prices of commodities such as copper and aluminum are significantly affected by the global supply chain, and corporate profit margins are under pressure.
International giants are sinking into the market:
Prysmian, Nexans and other companies have seized market share by setting up factories locally, and local small and medium-sized enterprises are facing a double squeeze in technology and capital.
Prospect
:
In 2025, the wire and cable industry in developing countries will show a trend of "parallel expansion of scale and structural upgrading". The strength of policy support, technology localization capabilities and capital chain resilience will become the key to the breakthrough of enterprises.
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