National infrastructure projects boost growth in the domestic wire and cable industry
Friday, Jan 22, 2016
China is pouring money into its railways, smart grids and intelligent buildings, these investments are creating an upward trend in domestic wire and cable market growth. The demand for wires and cables, especially high-end cables, is expected to remain strong for the next five years and the country’s wire and cable production output is projected to exceed US$257 billion by 2020.

Leading the way in establishing such trends is the Wire & Cable Guangzhou 2016 exhibition, organised by Guangzhou Guangya Messe Frankfurt Co Ltd, Guangzhou BoYou Exhibition Service Co Ltd, Wire & Cable Guangzhou and China Southern Power Grid Media Co Ltd; South China’s leading wire and cable trade platform. The beneficial exhibition will take place at the China Import and Export Fair Complex from 6th- 8th June, 2016. Last year’s event welcomed 283 exhibitors and attracted 18,867 visitors from 25 countries and regions including; Malaysia, Indonesia, Thailand, India, Italy, Russia, Turkey and the Middle East. Among the returning exhibitors from last year’s show was Guangdong Xinyi Aluminum Alloy Cable Co Ltd, which owns six production facilities across China.

Mr Pan Yi Nan, the Brand Manager of the company stated:

 “We returned to the fair because we believe that this is an effective platform for promoting our company brand, especially to key buyers in the real estate and electronics industries. We were thrilled that seasoned buyers from the power and electrical industries came forth and expressed great interest in what we offer.”

Another satisfied exhibitor of the 2015 show was Jiangsu Handing Machinery Co Ltd, which provides smart, energy-efficient and cost-effective equipment and machinery for wire and cable manufacturers.

Mr Nie Hua Jun, Sales Manager of the company, said:

“We came back here for the second year to promote our new products and company image as well as search for new wire and cable manufacturers. We were able to reconnect with our old clients as well as obtain a number of new contacts, who have expressed interest in our products.”

This networking event provides businesses from across the globe, the opportunity to promote their new products or to simply remind consumers and partners of what they have to offer. This year’s exhibition features a range of the most in-demand products covering all sectors of the industry. The highlighted product groups include: wires and cables, optical fibre cables, wire and cable equipment/materials, optical fibre cable equipment /materials, detection instruments, observation and control technologies and production/testing machinery, components and accessories.  

The itinerary for the 2016 exhibition demonstrates the growth in the wire and cable market, as products are constantly being developed. On a global scale, the market size for power cables has grown in both value and volume. The incessant demand for power cables shows no signs of slowing down as sectors like the renewables sector are magnifying in interest and advancement.  Driving the integration of solar and wind energy into grid systems, particularly in European and Asian economies.

Statistics published by BCC Research LLC, states that the global wire and cable market is anticipated to surge to US$ 297.4 billion by 2019, with a five-year compound annual growth rate of 7.7%. The future for the wire and cable industry is bright and fast-paced. Events like the Wire & Cable Guangzhou 2016 exhibition ensure that industry professionals can stay informed, discover new opportunities and create reliable relationships. Also, with the sheer variety of products that are available all under one roof for exhibitors to explore and review, the event really is one not to miss.

For more information regarding Wire & Cable Guangzhou 2016, please visit:

www.wire-cable-china.com or email wire@china.messefrankfurt.com

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