How to Find New Pain Points in the Cable Industry with the Arrival of 5G

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How to find new pain points in the cable industry with the arrival of 5G

Author：Henan Shenghua Click： Time：2019-10-31 00:00:00

2019 can be said to be the year of 5G explosion, and countries around the world, including China, have accelerated the commercial pace of 5G. So what new pain points will the arrival of 5G bring to the wire and cable industry?

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5G is different from previous networks. In the past, whether it was 3G or 4G, it was actually a difference in communication between people. However, 5G is different. The emergence of 5G is more about the interconnection between "things" and "things", and between "people" and "things", that is, the interconnection of all things based on the Internet of Things, integrating into a vast world.

It is precisely because of this characteristic of 5G that the development of 5G will be more dependent on various devices. Therefore, the cable industry may usher in new development through 5G.

However, the domestic cable industry also needs to make changes, and the new generation of cable and connector suppliers should actively prepare for the arrival of 5G networks. The arrival of 5G is bound to stimulate the development of the global wire and cable industry. However, the top ten cable companies in China only occupy less than 10% of the Chinese market share, which means that leading enterprises have enormous development potential and can first increase China's market share.

The future prospects of China's wire and cable industry are promising, with a clear trend in product upgrading. It is expected that the industry's demand scale will exceed 1.9 trillion yuan by 2024, and with the support of 5G, the industry's production capacity will also be further improved.

Shenghua Cable Group mainly produces high and low voltage cross-linked cables, power cables (YJV, YJV22, YJLV), distribution wires (BV, BVR, RVV, RVS), aluminum alloy cables (YJLHV), overhead cables, flame-retardant and fire-resistant cables, rubber sheathed cables, control cables (KVV), special cables, and other products.

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How to find new pain points in the cable industry with the arrival of 5G

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