A06B-6220-H022Low-voltage electrical appliances are closely related to people’s lives, subdivided, low-voltage electrical appliances industry downstream applications are mainly concentrated in construction, power grid, industrial projects, industrial OEM, infrastructure, individual users, etc., among which, the construction market stock replacement demand is large, and power grid and other fields benefit from new energy access, etc., but also has a more certain growth trend.
According to the White Paper on China’s low-voltage electrical Appliance Market in 2022, after 2022, with the increase of investment in data centers, new energy, communications and other fields, it will become the main growth pole of the low-voltage electrical appliance market; The industry has entered a recovery cycle and is expected to maintain a medium-high and stable growth during the 14th Five-Year Plan period.
By 2025, the scale of China’s low-pressure market is expected to exceed 124 billion yuan. Demand is steadily increasing, and relevant enterprises will get a broad industry market space.
New domestic brands usher in a golden age
In the past two years, the low-voltage electrical appliance industry has been affected by material price fluctuations, international trade environment, downstream industry demand and other factors, the growth rate of major manufacturers, gross profit margin is generally under pressure, in this context, 2022, Chint low-voltage electricaA06B-6220-H022l domestic market share for many years in the forefront of the industry, but also low-voltage electrical market sales scale of more than 10 billion of one of the two enterprises, A domestic enterprise in the six-star enterprise reflects the significant advantages of Chint brand in market coverage, quality and reliability.
In 2023, under the “double carbon” goal, the construction of distributed new energy and new distribution power system is rapid. With the rising trend of low-voltage electrical appliances, superimposed new infrastructure power, economic recovery to pull up power consumption and other conditions of support, low-voltage electrical appliances industry also ushered in new opportunities for development. Especially on the basis of domestic enterprises accelerating the research and development and innovation of new domestic brands and constantly improving quality performance, the industry leader will further expand its leading position.
According to the financial report, Chint Electrical research and development focuses on key industries such as power iot, new power load management, and data centers, creating industry-leading system solutions and series of products, and forming a normal and mutual technical cooperation mechanism with the head customers of key industries such as power grid enterprises, Huawei, and Hikvision, constantly accelerating the customization and localization of products for head customers.
Over the years, Chint has been committed to promoting the high-end and domestic development of low-voltage electrical appliances, and has launched a number of self-developed product series, with sales performance leading the industry. Taking the new sharp N5 new series of products released by Chint Electrical Appliances as an example, the product is specially tailored for the industry market, creating the industry pattern, realizing the independent control of power technology, demonstrating the independent control ability of the enterprise industry chain, the manufacturing strengthA06B-6220-H022 of the whole process of digital intelligence and the end-to-end strong delivery ability.
Chint’s new series of products further consolidate the core technology of domestic low-voltage electrical appliance manufacturing and the stability and security of the industrial chain, reducing the risk of “stuck neck” faced by the domestic low-voltage industry. Liu Miao, vice president of the company, said that China’s national brand enterprises are accelerating the rise, and China’s low-voltage electrical appliance industry is at a key stage of becoming stronger.
Jointly initiated the “Light of Domestic goods, the number of wisdom sailing” summit forum, let the industry see the rise of industrial goods, let the world hear the voice of “made in China”.
