Analysis On The Possibility Of My Country's Cable Terminal Block Enterprises Gaining Industry Leadership--analysis On The Gap Between Domestic And Foreign Terminal Industries

The development of cable lugs has a history of nearly a hundred years. Due to historical reasons, the development of wire lugs in my country has always lagged behind some Western countries. electrical lugs As the basic unit for transmitting signals and exchanging information, it determines that all terminal products involved in the field of electronic information need to use it, and the downstream application market of terminal lugs covers almost all fields of the electronics industry. At present, my country has become the country with the largest copper lugs market in the world. In 2019, the scale of my country's Aluminum Cable Lug market was 22.7 billion US dollars.

With the continuous transfer of electronic manufacturing to China, the industry has achieved rapid development and the trade surplus has continued to expand. However, at present, my country's Compression Cable Lug manufacturing industry is still dominated by the production of low-end and medium-end products, and the international market share of high-end products is relatively low.

my country's connector market share is huge and is growing year by year

According to statistics, the scale of the connector market in mainland China in 2019 was 22.7 billion US dollars, an increase of 8.4% compared with the same period in 2018, accounting for 31.4% of the world's market share, and it is the world's largest connector sales market. From 2010 to 2019, the size of China's connector market increased from US$10.8 billion to US$22.7 billion, with a compound growth rate of 8.56%. In 2019, the connector market in mainland China accounted for 31.4% of the world's market share, making it the world's largest connector sales market.