China’s special conductor materials market has developed rapidly and has become the world’s largest conductor market.

Special conductor materials refer to basic materials used to make superconductors. Compared with traditional conductors, special conductors use new materials, new structures, new processes and new designs, and have good electrical properties, high technical content, and high added value. It has the advantages of being suitable for more demanding scenarios and is widely used in military industry, aerospace, consumer electronics, medical care, communications and other fields. Special conductor material products come in various shapes, including round and special shapes, such as round single wires, compacted stranded wires, round stranded wires, hollow round stranded wires, etc. According to materials, special conductors mainly include silver-plated conductors, tin-plated conductors, nickel-plated conductors, tin-plated conductors, etc.

In recent years, with the continuous expansion of the application fields of special conductors and the rapid development of downstream aerospace, national defense, medical, communications and other industries, the global special conductor market has continued to expand. Taking silver-plated conductors as an example, in 2017, the global silver-plated conductor market size was 1.985 billion yuan, and in 2022, this scale will exceed 3.4 billion yuan.

Domestically, my country’s conductor material industry started late. However, since the reform and opening up, as my country has carried out a lot of work in conductor production and scientific research, as well as the rapid development of the domestic equipment manufacturing industry, China’s conductor industry has entered a period of rapid development. In 2011, China became the world’s largest conductor market, and the market size of the conductor industry exceeded that of the United States for the first time. Since then, with the further rapid development of China’s conductor industry, the industry has gradually entered a mature stage, companies have made adjustments to the industrial structure, and my country’s special conductor market has developed rapidly.

The released “2023-2028 Special Conductor Industry Market In-depth Research and Investment Prospect Forecast Analysis Report” pointed out that in recent years, with the The technology and production capacity of the special conductor industry continue to improve, and as the industry gradually expands from the field of national defense to other fields such as aerospace, communications, medical care, and equipment manufacturing, China’s special conductor market is expanding rapidly. Among them, the market size of silver-plated conductors has increased from more than 600 million yuan in 2017 to 1.2 billion yuan in 2022, nearly doubling in six years.

There are currently a large number of special conductor manufacturers at home and abroad. Among them, American and European companies have strong comprehensive competitiveness and have firmly occupied the high-end market in the global market. The main companies are Fisk, IWG, FSP-one, Nexans, Leoni, etc. my country’s special conductor manufacturers have continued to improve their status in the international market with their excellent cost performance. In recent years, the technological innovation capabilities and product quality of enterprises have also continued to improve. The main enterprises include Shangwei Co., Ltd., Shenyu Co., Ltd., Jinlongyu Co., Ltd., and Chenguang Cable , Hengfeng Special Director, etc.

Investment analysts pointed out that my country’s special conductor enterprises are mainly distributed in the Yangtze River Delta and Pearl River Delta regions, and the main provinces are Jiangsu, Guangdong, and Shandong , Anhui, Zhejiang and other provinces. Overall, my country’s special conductor industry has a large number of companies and fierce market competition. However, most companies are mainly concentrated in the mid- to low-end fields and are generally small in scale. As a result, my country’s special conductor industry faces the problem of insufficient research and development of high-end products and overcapacity in the low-end market. . In the future, as competition in the industry intensifies, small businesses are closed and reorganized, and more and more companies transform and upgrade to gradually realize import substitution, the problem of structural excess in my country’s special conductor market will be improved.