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Home / Metal News / Newssummary: Alloy Wire and Cable to Benefit from China’s “Golden Era” of HUV Development

Newssummary: Alloy Wire and Cable to Benefit from China’s “Golden Era” of HUV Development

Dec 18, 2014 10:30

Source:SMM

China will enter a “golden era” of HUV development in coming five years, which will allow the country’s wire and cable market to grow at 8-9% annual pace, cnmn.com reported on December 16.

SHANGHAI, Dec. 18 (SMM) – China will enter a “golden era” of HUV development in coming five years, which will allow the country’s wire and cable market to grow at 8-9% annual pace, cnmn.com reported on December 16.

The boom in power transmission systems will be driven by increasing investment in smart power grid, ongoing power transmission from energy-rich western regions to electricity-hungry eastern coastal areas, accelerated urbanization, as well as power grid upgrades, it added.

The market share of aluminum alloy wire and cable is expected to increase along with technological progress, it reported.

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