It is predicted that the total output value of China's low-voltage electrical appliance industry will exceed 90 billion yuan in 2019

According to the "forecast and analysis report on the production and marketing demand and investment of China's low-voltage electrical appliance industry" released by zhanzhan industrial research institute, the total output value of China's low-voltage electrical appliance industry has reached 78.1 billion yuan by 2017.

The growth rate of China's electric power consumption in 2018 is about 5.5%. Assuming that the growth rate of electric power consumption in 2018-2020 is 5.5%/6%/7% in turn, according to the fitting formula, the growth rate of industrial output value of low-voltage electrical appliances in 2018-2020 is 7.93%/8.29%/9.01% in turn, and the industrial output value of low-voltage electrical appliances is 843/913/99.5 billion yuan in turn.

Statistics and forecast of total output value of China's low-voltage electrical appliance industry from 2009 to 2020

Data source: forward-looking industrial research institute

China's low-voltage electrical equipment industry competition pattern differentiation, three echelon structure points

China's low-voltage electrical appliance industry is fully competitive and highly marketized.There are more than 2000 enterprises in the domestic low-voltage electrical appliance industry, which can be roughly divided into three echelons.

The first echelon, represented by foreign manufacturers Schneider, ABB and Siemens, has mastered high-end product technology.

The second tier mainly consists of domestic companies such as Shanghai liangxin electric appliances, Shanghai people, changshu switch, hangzhou hongyan, daquan kaifan, etc.

The third tier is mainly zhengtai, delixi, tianzheng, most of the products for the wholesale and retail market.

In the overall market of low-voltage electrical appliances, the first echelon accounts for 30%, the second echelon accounts for 20%, and the third echelon accounts for 50%.

Strong rise of domestic brands, gradually enhance competitiveness

In recent years, the research and development investment of domestic "leading" enterprises of low-voltage electrical appliances keeps increasing. The research and development investment of major brands accounts for 6%-8% of the total revenue every year, and new products are constantly being launched.In most downstream applications, domestic manufacturers have gradually gained the advantage of replacing foreign products such as Shneider, ABB and Siemens.The enterprise continues to make efforts to enter the high-end industry market, and from components to integration to provide comprehensive electrification solutions.

The international competitiveness of domestic brands is gradually enhanced, and the layout is being carried out through a series of measures such as integration and setting up overseas factories. It is expected to gain more shares and brand recognition in the overseas market in the future.Domestic "leader" rise at home and march oversea unstoppable.

Intelligent manufacturing improves the digitalization level of the industry

The development of low-voltage electrical appliances depends on the development of national economy and the development of modern industrial automation, as well as the research and application of new technologies, new processes and new materials.In recent years, as the economic development has entered the "new normal", China's industrial structure has been adjusted, and the requirements of various subsectors for low-voltage electrical products have become increasingly stringent.

At present, domestic low-voltage electrical products are moving towards the direction of high performance, high reliability, miniaturization, digital modeling, modularization, combination, electronics, intelligence, communication and parts generalization.

Low-voltage electrical equipment enterprises should vigorously promote intelligent manufacturing, implement the transformation of full-process automatic production lines for some low-voltage electrical products, actively carry out the digital transformation of intelligent equipment and mold workshops, and promote the digital construction throughout the whole process of product research and development, mold manufacturing, parts manufacturing, finished product manufacturing and sales logistics.(source: forward-looking industry research institute)