New Energy Brings Opportunities for Low-voltage Electrical Appliance Industry

At present, there are more than 2,000 enterprises in the low-voltage electrical industry in China, employing more than 400,000 people and producing more than 1,000 series of products. However, most of them are small and medium-sized enterprises, and the low-end competition is becoming increasingly fierce, and the industrial transformation and upgrading are imminent.

At the same time, the world economy is expected to be lower than 2.4 percentage points, and 14 years will be even lower. Under such market economy conditions, the markets faced by various companies are very severe. How to develop their own markets is currently The problems that all companies are focusing on thinking about, for China's low-voltage electrical appliances, its development momentum is still very good, but it also has to be fully prepared for the future.

According to data from the General Electric Appliance Association, in 2012, the main business income of China's low-voltage electrical industry was 61 billion yuan, an increase of 9.47% year-on-year; the industrial added value was 14.6 billion yuan, an increase of 4.29% year-on-year; the total profit was approximately 4.4 billion yuan, a year-on-year increase of 7.32%; Total export volume was 5.509 billion U.S. dollars, an increase of 5.33% year-on-year. Among them, universal circuit breakers, plastic-case circuit breakers, miniature circuit breakers, contactors, and knife switches completed 900,000, 46.3 million, 550 million, 105 million, and 13.5 million, respectively, an increase of 9.76% and 10.56 year-on-year respectively. %, 9.47%, 10.53%, and 12.50%. The low-voltage electrical appliance industry still achieved steady growth under the backdrop of economic uncertainty.

Among them, the universal type circuit breaker sold 900,000 units, an increase of 9.76% over the previous year, which is basically in line with the 930,000 units predicted in the “China's low-voltage electrical appliance industry market, product, and benchmarking company research and investment forecast report”; molded case circuit breakers (including leakage) sales of 46.3 million units, an increase of 10.56% over the previous year; sales of miniature circuit breakers (including leakage) of 880 million poles, an increase of 9.84% over the previous year; AC contactors of 105 million units, an increase of 10.53% over the previous year, low The report forecasted 109 million units; sales of knife switches were 13.5 million units, an increase of 12.50% over the previous year. The overall trend is basically in line with the forecast at the beginning of the forecast report.

From the perspective of macro and industrial environment, combined with the analysis of relevant data in 2012, it can be seen that the development of low-voltage electrical appliances industry in China is still in good shape. The annual sales volume model of universal circuit breakers and AC contactors was selected and forecasted. It can be seen that its sales volume has increased steadily in the next three years and it is expected to reach 1.33 million units and 167 million units by 2015, respectively (Relevant forecasts refer to “China's low-voltage electrical appliance industry market and products”. And Benchmarking Corporate Research and Investment Forecasting Report). It is expected that China's low-voltage electrical appliances industry will maintain high growth in the next 5-10 years, and the CAGR will be 10-15% in the next few years.

It is worth noting that the construction of smart grids has brought new opportunities for the development of the low-voltage electrical industry in China. The market share of medium and high-end low-voltage electrical appliances will be further expanded, and higher requirements will be put forward for system integration and overall solutions for low-voltage electrical appliances, providing a golden opportunity for the rapid development of the low-voltage electrical appliance industry.

At the same time, under the background of industrial restructuring, reducing energy consumption of GDP, and achieving low-carbon economic development, a new generation of low-voltage electrical products with energy-saving, material-saving, and high-performance products will gain greater development, and market demand will become increasingly strong. It also provided a rare opportunity for the transformation and upgrading of the low-voltage electrical industry.

It must be pointed out that the rapid development of new energy provides opportunities for industrial extension. The products of the low-voltage electrical appliance industry are expanding into photovoltaic power inverters, new energy control and protection systems, distributed energy, energy storage equipment, and DC switch electrical equipment. And can provide a total solution. This area is a new important economic growth point for the low-voltage electrical appliance industry.