Enameled wire is a type of metal used in electronic devices. Using this type of metal, wires can be made of various materials, including copper, polyester, urethane, and more. The global market for enameled wire is estimated at 460,000 tons in 2010. According to the data, China is the world’s largest producer, accounting for over 30% of global production. Here are some facts about the growth of the Chinese enameled-wire industry.
Until the year 2000, China’s main enameled wire producer was the Shanghai China Power Plant. However, the Electromagnetic wire wholesale output of the plant was only 3,000 tons per annum, which was less than 5% of the global total. Moreover, the country imports enameled wire from other countries. During the “Twelfth Five-Year” development plan, the production of enameled wire in the country is estimated to reach 1.6 million tons per annum, which is still very low compared to the production of other nations.
Until 2010, the Shanghai China Power Plant was the world’s largest enameled wire manufacturer, with an annual output of just 3,400 tons. This was not enough to meet the demand of the electronics industry, which has become increasingly thin and light-weight. Despite the rapid development of the sector, China still needs to import other types of enameled wire from other countries, such as Europe and the United States. The country’s demand for enameled wire is increasing year after year. During this time, the sales of fine electromagnetic enameled-wire in China have increased by more than 9% annually.
The growth of the Chinese enameled-wire industry has accelerated over the last two decades. It has added nearly two thousand tons of enameled wire to its production capacity. With such rapid expansion, China will soon become the world’s largest enameled-wire manufacturer. The industry is also expected to reach a high-quality level, which will significantly increase the country’s competitiveness in the global market. Its competitive edge and potential for growth in the sector makes China the best place to invest in the future.
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