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Fierce competition in the low-voltage contactor market

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Intense competition in the low-voltage contactor market

Source :| Author :electronics-101| Release Time: 2022-05-06

In the industry of the development of electrical appliances, low-voltage contactors, as traditional low-voltage electrical products, have been very mature. Sufficient market demand has spawned a large number of low-voltage contactor manufacturers. Enterprises want to enter the low-voltage contactor market and benefit from it, need to have a relatively full understanding of the current mainland low-voltage contactor market, including the main aspects.

As a traditional low-voltage electrical product, low-voltage contactor has been very mature. The manufacturing process of the low-pressure contactor product itself is not complicated, the technical content is relatively low, and the sufficient market demand has spawned a large number of low-pressure contactor manufacturers; The low voltage contactors with different load currents also show a large difference in price, and the price covers the range from ten yuan to several thousand yuan. If enterprises want to enter the low-voltage contactor market and benefit from it, they need to have a relatively full understanding of the current mainland low-voltage contactor market, including the main application industries, industrial chains of various industries, and potential industries.

​ With the increasingly fierce competition in the industry, product homogenization and narrow profit margins are also important factors that investors have to consider.

In the report, JF joint research on the power, machinery, petrochemical, metallurgy, rail transit and other low-voltage contactor application market segments, and the industry chain of each segment of the application market did the corresponding analysis, and from the market concentration, price competition pattern and other aspects of the above segments of the current competition situation; At the same time, the report also makes a targeted analysis of enterprises with different market shares from the aspects of brand, channel, logistics and key market segments.

​ At present, the main applications of low-voltage contactors are concentrated in the two major fields of machinery and power, accounting for about 72.5% of the total sales; And these two industries have also maintained a rapid growth momentum, therefore, in the field of power and machinery to occupy better resources is the major enterprises pay more attention to the work.

The market concentration of low-voltage contactors is not high, especially in the low-end product market. Schneider currently has a large market share (about 10%) in the mainland low-voltage contactor market, while the market share of other companies is below 7%. The top 5 companies only account for 35.1% of the total market capacity, and the remaining 64.9% is shared by numerous low-voltage contactor manufacturers.

At present, a large part of the mainland low-voltage contactors are purchased by low-voltage complete equipment manufacturers, and these enterprises are more sensitive to price. Therefore, the price of the mainland low-voltage contactor market is generally low. At present, the market of low-voltage contactors in the mainland is basically occupied by foreign brands, and the products of most enterprises in the mainland are positioned in the low-end market, and the competition is fierce. However, the intensification of competition in the overall market cannot cover up the increase in earnings brought by the good growth of some market segments. The subdivision application industry of low-voltage contactors is mainly the traditional industry, and the development of these industries is the premise for the development of the low-voltage contactor market. The low-voltage contactor market is greatly affected by the development of the demand industry.

In the report, JFUnited made an in-depth analysis of the supply and demand of the overall market for low-voltage contactor products and the major application segments. The rapid growth of installed power generation capacity, the substantial increase in the output of mechanical products, the growth of petrochemical and metallurgical investment have an impact on the future growth rate of low-pressure contactors. From the subdivision of the application market, electric power, machinery, petrochemical, metallurgy, rail transit and other fields show different procurement characteristics, which is the focus of low-voltage contactor manufacturers to stand firm in the competition and improve market share, but also new enterprises must master.

Now, low-voltage contactor products have been very mature, the current low-voltage contactor market most of the major enterprises were established in the 1990s or entered the Chinese mainland, and occupy most of the market share, these enterprises have strong strength. However, this does not mean that the new entrants have no chance to survive, and there are still some enterprises that have entered the market and achieved good performance in recent years. These companies have found and seized the potential demand of the low-voltage contactor market and achieved success. At present, there is little difference in low-voltage contactor products, and most manufacturers' products can be replaced with each other, so seizing the needs of subdivided application industries is an important way for enterprises to expand market share.

The fierce competition in the low-voltage contactor market can also drive the comprehensive development of the entire market and make the electrical appliance industry develop faster.

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