Last year, China's low-voltage equipment market reached 55 billion yuan

The study found that the low-voltage equipment market in China developed well in 2010. On the one hand, due to the economic recovery, the market demand has recovered significantly. Most of the companies have experienced good growth. Secondly, the real estate market has begun to accelerate, while there are some new constructions or renovations in various industries. The project, coupled with China's investment in infrastructure and the State Grid, has further increased market demand. In 2010, the overall market grew by 13% year-on-year, and the market size reached 33 billion yuan.

China's low-voltage switchgear industry is a relatively mature market with relatively stable demand. The development of low-voltage switchgear industry mainly depends on the overall driving of investment in fixed assets, and is closely related to investment in industrial investment, power, and real estate. Mainly in the following areas:

1. The industrial sector is one of the most important areas for the use of low-voltage switchgear. In recent years, Chinese industry has maintained a good momentum of development. Among them, the demand for low-voltage switchgear from metallurgy, chemical industry, and electric power maintained a relatively high growth.

2. In 2010, as the pilot year for China's smart grid, the total investment for its project construction reached 341 billion yuan, a year-on-year increase of 11.5%. In 2010, the grid investment included the construction of UHV power transmission and transformation lines in addition to the traditional fields such as the construction of urban rural power grids and upgrading of power grids. Since 80% of the electrical energy is distributed or controlled by low-voltage electrical appliances, the market capacity of low-voltage switch cabinets is closely linked to the development of the electrical power industry. Investment in the power industry has brought about a good growth for the low-voltage switchgear industry.

3, The real estate industry is the industry in which low-voltage switchgears are used centrally. In 2010, investment in real estate development in the country totaled 4.8267 trillion yuan, up 32.2% from the previous year, which was much higher than the increase in fixed asset investment. Investment in real estate mainly includes investment in commercial housing and investment in office buildings and business premises, of which commercial housing investment has been the most important component of the real estate industry since 2001, and the proportion has been steadily rising, from 66.47% in 2001 to 2010. 70.5%.