Low-voltage electrical appliance industry transforms into a smart electrical industry

"Internet technology and renewable energy are about to merge, and this revolution will undoubtedly change the entire world," writes Jeremy Rifkin in the Third Industrial Revolution. In fact, the development of Internet technology and renewable energy industry has had a tremendous impact on the low-voltage electrical industry.

From the perspective of the macro environment, China's smart grid and new energy are developing rapidly, and low-carbon economy has gradually become a new mode of economic growth. The traditional low-voltage electrical industry is transforming and upgrading to the direction of the smart electrical industry.

From the perspective of industrial environment, the power industry is developing rapidly. It is estimated that by 2020, 2 trillion yuan will be invested in power generation, and 3 – 3.6 trillion yuan in power grid construction. Smart grids have more than 1 trillion yuan in market demand for electrical equipment; it is estimated that by 2020 The total installed generator capacity will reach 1.78 billion kilowatts, of which the installed capacity of solar power generation will reach 20 million kilowatts, and the installed capacity of wind power generation will reach 150 million kilowatts, which will provide more market space for the low-voltage electrical appliance industry.

At the same time, China is undergoing a transition from a manufacturing power to a manufacturing power. The clustering, informationization, service, and branding of equipment manufacturing will place higher demands on the low-voltage electrical industry.

According to data from the General Electric Appliance Association, in 2012, the sales revenue of China's low-voltage electrical industry was about 61 billion yuan, an increase of 9.47% over the previous year; the total profit was 4.4 billion yuan, an increase of 7.32% over the previous year; the import value was 2.6811 billion US dollars. The previous year increased by 0.79%; the export value was 2.828 billion US dollars, an increase of 10.04% over the previous year.

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 our forecast of 930,000 in the “China's low-voltage electrical appliance industry market, product, and benchmarking company research and investment forecast report”; molded case open circuit Sales of equipment (including leakage) were 46.3 million units, an increase of 10.56% over the previous year; sales volume of small circuit breakers (including leakage) was 880 million poles, an increase of 9.84% over the previous year; and 105 million exchange contactors were equipment, an increase of 10.53% over the previous year. It was lower than the forecast of 109 million units in the report; Knife switch sales were 13.5 million units, which represented an increase of 12.50% over the previous year. The overall trend was 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 appliance industry will maintain high growth in the next 5-10 years, and the compound annual growth rate 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.

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