The hottest low-voltage electrical appliances are

2022-08-14
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Low voltage electrical appliances are expected to maintain a growth rate of about 5% in the future

the industry pattern is decentralized, and the concentration is expected to increase in the future. Low voltage electrical appliance industry is a highly competitive and market-oriented industry. Globally, Schneider, abb, Legrand, Siemens and Eaton account for 25% of the total market, with Schneider accounting for 8% ranking first. In terms of the domestic market, Chint's market share reached 18%, ranking first, and Schneider's market share was about 17%; Abb is about 10%, Delixi is about 8%. In addition, there are a large number of low-end market participants who compete to obtain the market by price competition, further reducing the industry concentration. In the future, with the construction of smart electricity, the wide application of new energy, the improvement of environmental protection threshold and the improvement of various users' requirements for product performance and quality, the proportion of s1/s2 market will gradually increase, the low-end production capacity will be gradually cleared, and the industry concentration is expected to increase

data source: public data collation

data source: public data collation

1. The market space of low-voltage electrical appliances industry maintains a steady growth rate of 5%

from top to bottom, the growth rate of low-voltage electrical appliances industry is related to the growth rate of power consumption, and it is expected to maintain a growth rate of about 5% in the future; Measured from the bottom up, the growth rate of segmented industries is slightly different, and the total growth rate is about 6.46%. It is conservatively estimated that the market space of low-voltage electrical appliances industry will maintain a steady growth rate of 5%

from top to bottom: the growth rate of low-voltage electrical appliance industry is related to the growth rate of power consumption, which is expected to maintain a growth rate of about 5% in the future. It is generally believed that the speed of fixed asset investment determines the growth rate of low-voltage electrical appliance industry on the whole. In fact, in 2016, the investment in fixed assets reached 59.65 trillion yuan, an increase of 8.14% year-on-year; The total output value of low-voltage electrical appliances industry was 67.8 billion yuan, with a year-on-year increase of 1.2%. The two trends are related but not directly related. From a historical perspective, the growth rate of low-voltage electrical appliances industry is more related to the growth rate of GDP and the growth rate of electricity consumption in the whole society. It is believed that this is because low-voltage electrical appliances are widely used, and economic development cannot be separated from the growth of electricity consumption, so the growth rate index of electricity consumption in the whole society can better reflect the development of low-voltage electrical appliances industry. According to the data, the electricity consumption of the whole society in 2017 was 6307.7 billion kwh, an increase of 6.6% year-on-year; It is estimated that during the 13th Five Year Plan period, the average annual growth rate of power consumption in the whole society will be 3.6% - 4.8%. According to the prediction of China Electricity Council, the growth rate of power consumption in the whole society will be about 5.5% in 2018. It is believed that the power consumption of the whole society will remain stable in the future, with a growth rate of about 5%. Based on this, it is expected that the low-voltage electrical appliance industry will maintain a growth rate of about 5%, and is expected to achieve a market scale of 78 billion yuan in 2020

the scale of low-voltage electrical appliances industry is directly related to the growth rate of power consumption

5.3d printing high molecular materials: modifying high molecular materials

data source: public data collection

it is estimated that the future growth rate of the industry will maintain 5%

the growth rate of distribution appliances is related to distribution investment, and the future beneficial distribution investment will be increased, with an estimated growth rate of 10%. Distribution appliances are mainly used in power systems, and their growth rate is closely related to power investment, especially distribution investment. Generally speaking, distribution appliances mainly include universal (frame) circuit breakers and plastic shell circuit breakers. In 2016, the output was 1.048 million and 55.7 million respectively, with a year-on-year increase of 2.75% and 9.22%. Historically, the output growth trend of universal (frame) circuit breakers and plastic shell circuit breakers is almost the same. From the perspective of trend, the growth rate of distribution investment is about two years ahead of that of distribution appliances. So how to test the viscosity of tape? This requires special instruments to test, and the growth rate of distributor is narrower than that of distribution investment. At present, China's distribution bidding in 2018 has increased from two batches in previous years to four batches. In the field of agricultural investment + distribution upgrading + distribution, China's construction machinery industry must also wake up to the view that under the joint drive of national microeconomic policy adjustment energy, there is a strong certainty of future distribution investment overweight. The compound growth rate of distribution investment is expected to reach 15% in the next three years, and the growth rate of distribution appliances is slightly narrower than that of distribution investment, which is expected to be about 10%

distribution appliances are related to the growth rate of distribution investment

abs materials in traditional fields

data source: public data collection

benefiting from the economic recovery, control appliances are expected to continue to pick up, and the growth rate is expected to be 4%. Control appliances are mainly used in the industrial field, and the downstream covers metallurgy, steel, petrochemical and other industries. As of March 2018, PMI has exceeded 50% of the boom and bust line for 20 consecutive months, and the economy has entered an upward cycle. Historically, the trend of controlling the growth rate of electrical output is the same as that of fixed investment in manufacturing. Benefiting from the economic recovery, it is expected that the growth rate of fixed investment in manufacturing industry will remain at about 5% in the next three years, and the growth rate of control appliances is narrower than that of fixed asset investment in manufacturing industry, which is expected to be about 4%

controlling the growth rate of the electrical appliance industry is related to the growth rate of fixed investment in the manufacturing industry

data source: sorting out public data

terminal appliances are post cyclical products of real estate, with a future growth rate of about 3%. Terminal electrical appliances are generally used in buildings and other occasions. The main customers are real estate developers and individual customers, with strong consumption attributes. Historically, the output growth rate of terminal electrical appliances is similar to that of real estate development investment. At present, due to stricter supervision, the pace of new real estate development investment is slowing down, and it is expected to maintain a growth rate of 6% - 8% in the next three years. Terminal electrical appliances are post cyclical products of real estate. It is expected that the future growth rate will be similar to that of real estate investment, and will remain at the level of 6% - 8%

terminal appliances are related to the growth rate of real estate development investment

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