National infrastructure projects bolster growth in domestic wire and cable industry Organised by Guangzhou. Guangya Messe Frankfurt Co Ltd and Guangzhou BoYou Exhibition Service Co Ltd, Wire & Cable Guangzhou, South China’s leading wire and cable trade platform, will once again take place at the China Import and Export Fair Complex from 6 – 8 June 2016.
In the previous edition, the fair welcomed 283 exhibitors and 18,867 visitors from 25 countries and regions including Malaysia, Indonesia, Thailand, India, Italy, Russia, Turkey and the Middle East. Mr Emeka Hu, General Manager of Guangzhou Guangya Messe Frankfurt Co Ltd, said: “The new energy sector as well as the infrastructure in China are undergoing rapid changes.
This in turn is creating endless opportunities the green construction and green tech industries in China and across the globe. As an industry powerhouse, China ranks among the top producers and exporters of wire and cable related products.” To address the current market trends, the upcoming 2016 edition will include 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 and materials
• Optical fibre cable equipment and materials
• Detection instruments, observation and control technologies
• Production and testing machinery, components and accessories
Among the returning exhibitors to 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 are able to reconnect with our old clients as well as obtain a number of new contacts here who have expressed interest in our products.”
National infrastructure projects bolster growth in domestic wire and cable industry China is pouring money into its railways, smart grids and intelligent buildings, and 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 USD 257 billion by 2020. 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 given the need for the integration of solar and wind energy into grid systems, particularly in European and Asian economies. According to statistics published by BCC Research LLC, the global wire and cable market is anticipated to surge to USD 297.4 billion by 2019, with a five-year compound annual growth rate of 7.7%.