Japanese domestic cooperation, international competition market characteristics

"A major advantage of Japanese cable companies is that in Japan, they work closely together; once they reach the world stage, they compete with each other. Therefore, they can realize the sharing of benefits in the domestic market and promote each other in the international market. Joint development, in an internationally leading position.” Andrew Valentini, senior analyst at Intertek Research Consultants, said at the 2012 Asian High-End Wire and Cable Summit.

Andrew has extensive research on the wire and cable market in Japan, South Korea and Southeast Asian countries.

Andrew said that Japan's wire and cable industry has a reasonable structure and the market is mature. Therefore, in Japan, the cable market is relatively stable, but there is not much room for growth. Today, Japanese cable companies are constantly shifting their focus to foreign markets.

Andrew emphasized that there are seven major cable groups in Japan. They work closely together in their own country, share the latest resources in time, and share common strategic goals. In the international arena, they compete with each other, promote each other, and continuously improve the international status of the Japanese cable industry. This is a major advantage of the Japanese cable industry.

For South Korea, another big cable country in Asia, Andrew believes that South Korea's wire and cable industry has developed rapidly in the past 20 years, but foreign investment is less, there is almost no acquisition. The Korean domestic market is relatively small and its digestive capacity is limited, so it is mainly export-oriented.

Andrew also showed great interest in the Southeast Asian market. He said that the labor costs of Southeast Asian countries are low, the potential for investment is huge, and infrastructure projects are developing rapidly. This provides a very good historical opportunity for global wire and cable companies to invest.

When talking about the future development trend of wire and cable products, Andrew said that submarine cables, ultra-high voltage cables and new energy cables will be favored by the market.

The 2012 Asia High-end Wire & Cable Summit was sponsored by Intertek Research & Consulting of London, UK. The company is the most authoritative industry research and market consultancy in Europe and North America, and it is an influential comprehensive research consultancy company. With offices in Beijing, China, Detroit, USA, and Tokyo, Japan, one of the areas of specialization is to provide global cable industry research, data analysis, and consulting services.

The conference brought together hundreds of experts, chief engineers, chairman, and general manager from China, Japan, South Korea, Indonesia and other major cable countries in Asia. The meeting was held in Shanghai, China, on the morning of November 27th. The agenda lasted two days. The end of the afternoon on the 28th.