Development of China's industrial electrical industry

Development of China's industrial electrical industry

1, the industry is developing rapidly.

Industrial electrical products include power equipment, power systems and transmission and distribution products (including Panel Builders, with which ZHEBAO Electrical mostly participated), automatic control systems and products, safety and environmental protection equipment, lighting and temperature control systems and other applications in many fields of system equipment and products. The industry started with the introduction of foreign imitation copied products, and now it has formed an independent industrial sector.

In recent years, with the rapid development of China's power industry and related supporting industries, China's industrial electrical industry has also shown a good momentum of development due to economic development, infrastructure construction and power grid transformation. In 2016, the industrial electrical industry achieved sales revenue of RMB7.34 trillion, realized a total profit of RMB493.68 billion, and has more than 20,000 enterprises with a annual revenue scale of more than RMB20 million.

2, the overall technical level of the industry is gradually improving.

After more than 50 years of development, China's industrial electrical industry has formed a relatively complete system. The variety, output, technical performance and quality of products have basically met the needs of the development of the national economy. Its products are developing towards a new generation of products characterized by systematization, integration, intellectualization, miniaturization, modularization and communication. At present, the competition of industrial electric enterprises will largely be reflected in the competition between technology and R & D.

Despite the weak foundation and lack of independent intellectual property rights in China's electrical equipment industry, the development prospect of China's industrial electrical industry is promising with the continuous upgrading of local electrical enterprises' technical level. In the coming 20 years, China will step forward from a "big producer" to a "technological powerful nation". China is expected to gradually become the world's largest and most advanced market for electrical applications.

3, the industry is formed into pyramid competitive pattern.

The market structure of industrial electrical industry presents a typical pyramid, and the market demand of low-end products with low technology-threshold is huge, which attracts a large number of market participants. The competition in the domestic industrial electrical market is fierce, and the overall concentration of the industry is not high. After foreign competitors intervene in China market, they have adopted cooperation with domestic production enterprises to seek complementary advantages, constantly penetrate the domestic and foreign markets, and intensify the market competition. In a highly competitive situation, leading enterprises with technological and scale advantages are in a favorable position, and are expected to enhance industry concentration through mergers and reorganizations.

The high-end market share of the industry is often dominated by famous foreign companies such as ABB, SIEMENS, SCHNEIDER and so on. Most of the local manufacturers in China are in the middle and lower end of the industrial chain, and they are reduced to the role of assembly substitutes, and competition between them is fierce, their R&D and technology accumulation still have a long way to go.

4, the weak cyclical characteristics (no obvious on-off peak) of the industry

In the long run, industrial electricity, as a basic industrial product, is the basic component of power, energy, industry, transportation, urban and rural infrastructure, base elements of civil and commercial- with a large number of wide range, a wide variety of industry characteristics, it is widely used in all factors of the national economy, and closely related to people's lives, therefore, the demand for electrical products is characterized by fixed demand and weak cyclical characteristics.

5, the "one belt and one road" strategy has widened the market boundary of the industrial electrical industry.

As a big manufacturing country, China has accumulated a large amount of excess capacity in recent years. While expanding domestic demand, the government has actively guided the exploration of foreign markets to alleviate the enormous pressure on the supply side, which is also conducive to the economic development of developing countries.

ZHEBAO Electricial (Hangzhou) Group Co., Ltd., a large Chinese manufacturer in the industrial electrical industry, is actively responding to the strategy of “One Belt One Road”. Our products have been imported into many foreign markets, such as Southeast Asia, South Asia, the Middle East, Africa, central and South America, and so on. The contact information of ZheBao Electrical is as following:

MR. Daniel CHEN

    Vice Sales Manager of EXP DEPT.

  ZHEBAO ELECTRICAL (HANGZHOU) GROUP CO., LTD.

    TEL: +86 571 88150078,

    FAX: +86 571 88137953,

    EMERGENCY:+86 18958066406,

  E-MAIL: EXPORT@HDK.COM.CN

    ADD: NO.88 YUZHANG ROAD, JIANQIAO, HANGZHOU, 310021, CHINA

  HTTP://HDK.COM.CN/EN/INDEX.ASPX

(business name card as below)