Driven by the "dual carbon" goals and the construction of a new power system, China's wire and cable industry is accelerating its departure from low-end homogeneous competition, reshaping the industrial structure through transformation toward greenization, intellectualization, and high-endization. A series of policy dividends and technological innovation achievements are driving the industry toward high-quality development, providing more reliable transmission guarantees for new infrastructure, new energy, and other fields.

At the national level, the "14th Five-Year Plan Development Guidelines" clearly identify thermoplastic environmentally friendly cable materials and new environmentally friendly insulating gases as key research directions, guiding the industry to eliminate inefficient production capacity. In 2025, China State Grid's investment plan is expected to exceed 650 billion yuan, with the accelerated advancement of ultra-high voltage (UHV) power transmission, smart grid, and other projects directly driving the UHV cable market scale to grow by over 15% year-on-year. At the local level, a differentiated development pattern has taken shape: the eastern coastal regions focus on high-end products such as special cables and new energy vehicle cables, with Zhejiang Province alone investing over 45 billion yuan in power grid construction to boost demand for high-voltage cables; central regions promote industrial digital transformation and improve production efficiency through smart factory construction; western regions leverage their advantages in energy bases to accelerate the layout of UHV DC cables, facilitating the outward transmission of clean energy.

Technological innovation has become the core engine of the industry's transformation, with remarkable achievements in the field of green environmental protection. New products such as modified polypropylene insulated cables have achieved multiple technological breakthroughs—they do not require high-temperature cross-linking or degassing processes, significantly reducing carbon emissions per kilometer and supporting full recycling. Based on national stock estimates, the future recycling benefits are expected to exceed 24 billion yuan. The market share of low-smoke zero-halogen (LSZH) flame-retardant cables continues to rise, projected to reach 40%-45% in 2025. Their low smoke density and non-corrosive gas emission during combustion make them ideal for scenarios with high environmental safety requirements such as buildings and data centers. Simultaneously, intelligent upgrading is accelerating, with explosive demand for smart cables featuring real-time monitoring and data transmission capabilities. The market scale of smart cables is expected to grow by 35%-40% in 2025—they can real-time monitor operating status to reduce failure risks in the power sector and support automatic train operation and intelligent dispatching in rail transit, becoming a key pillar of new infrastructure.

International layout has opened up broad growth space for the industry. Leveraging the Belt and Road Initiative, infrastructure projects in participating countries will generate 50 billion US dollars in cable demand in 2025. Domestic enterprises, with technological advantages in UHV and submarine cables, are expected to capture 20%-25% of the market share. Meanwhile, leading enterprises are actively participating in international standard-setting, continuously enhancing China's technological discourse power in the global market. Currently, the market scale of China's wire and cable industry is steadily moving toward 1.5 trillion yuan, with the proportion of high-end products on the verge of exceeding 40%. Guided by policies and driven by the market, the industry is transforming from a single product supply to a systematic solution service provider, addressing challenges such as overcapacity and homogeneous competition through technological innovation, and offering Chinese solutions for the global wire and cable industry's green transformation.