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2023-2028 China switch industry development forecast and investment analysis report

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2023-2028 China switch industry development forecast and investment analysis report

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Source :| Author :electronics-101| Release Time: 2023-05-04

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The switch is an electronic component that plays the role of control, selection and connection in the circuit, and its application field is extremely wide.

In recent years, the state has vigorously promoted the localization of major equipment manufacturing, as an important equipment that plays a control and protection role in the operation of the power system, the domestic high voltage switch industry has formed a vacuum switch as the leading medium voltage product system and sulfur hexafluoride circuit breaker (GIS) equipment as the leading high voltage, ultra high voltage product system, and product design level, manufacturing capacity continues to improve.

As a basic industrial product of the national economy, distribution switch control equipment is widely used in the power industry. China's power project construction investment fluctuates up and down, showing an upward trend, in 2021 China's power project construction investment of 1048.1 billion yuan, China's power project construction investment of 553 billion yuan, an increase of 4.5%, power grid project construction investment of 495.1 billion yuan, an increase of 1.1%. In the future, China's power construction investment scale is high, and the broad market space of the distribution switch control equipment manufacturing industry will continue to be maintained.

According to the data of China Power Supply Association, the market size of switching power supply in 2019 was 150.03 billion yuan, an increase of 5.1% year-on-year. The compound growth rate of China's switching power supply industry in the next five years is about 2.5%, combined with the impact of the global epidemic on the switching power supply industry in 2020 and the trend of slowing growth in the downstream of the switching power supply industry, the market size of the switching power supply industry is estimated to be 154.06 billion yuan in 2020.

To some extent, the development of the power market represents the demand trend of today's high-voltage switch market. In recent years, the global transmission and distribution equipment market demand has been on the rise. China is one of the fastest growing markets and has become the second largest market in the world. Especially in recent years, the construction of west-east power transmission, North-South mutual supply, cross-regional networking and other projects has led to the rapid development of China's transmission and distribution equipment industry. During the "14th Five-Year Plan" period, the acceleration of the construction of UHV and smart grid has opened up a broad market for the high-voltage switch industry, while the construction of ultra-high voltage direct current transmission projects has driven and promoted the research of UHV direct current transmission technology and opened up new technical fields and new markets.

The "2023-2028 China switch industry development forecast and Investment Analysis Report" issued by Ruiguan Industry Research Institute consists of seven chapters. Firstly, the definition and classification of the switch are introduced, and then the development status of the switch industry at home and abroad is analyzed, and then the development status of the high-voltage switch industry is highlighted. Subsequently, the report conducted a detailed analysis of the operating conditions of key enterprises in the switching industry at home and abroad, and made a key analysis of the development of switching technology, and also made a scientific prediction of the future development prospects of the switching industry.

The data of this research report are mainly from the National Bureau of Statistics, the General Administration of Customs, the Ministry of Commerce, the Ministry of Finance, the Industrial Research Institute, the market research center of the industrial research Institute and key publications at home and abroad. The data are authoritative, detailed and rich. At the same time, the core development indicators of the industry are scientifically predicted through professional analysis and prediction models. If you or your organization want to have a systematic understanding of the switch industry or want to invest in switch manufacturing, this report is an essential tool for you.

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