China's power equipment and power production industry are developing rapidly. The annual growth rate of newly installed power generation capacity exceeds 8%, and it is expected that the installed capacity will reach 800 million kW by 2020. However, according to the per capita share of electricity, China lags far behind developed countries. Due to the large development space of related industries, there is a huge market demand for high-voltage and low-voltage complete electrical equipment. The huge market demand has also brought fierce competition from domestic and foreign manufacturers, with thousands of domestic high and low voltage complete electrical equipment manufacturers.
Market demand has promoted the progress and development of technology, and with the progress of society and the development of economy and technology, higher and newer requirements have been put forward for the power system. Especially, higher requirements have been put forward for the safety, reliability, and automation of the main equipment controlling the power system - high and low voltage complete electrical equipment. High and low voltage electrical technology has made great progress in product design, manufacturing processes, business management, and production processes. High voltage switchgear in our country has developed to metal enclosed type (including armor, interval, and box type), while low voltage mainly uses enclosed withdrawable units. Various high-voltage handcart, central, ring main unit, F-C cabinet, box transformer, low-voltage drawer cabinet, motor control center and other products have been widely launched. The low-voltage electrical industry applied computer technology to product structure before the high-voltage industry. Realize product intelligence and networking, and intelligent low-voltage circuit breakers, motor controllers, overload relays, distribution cabinets and other products have been launched.
With the significant acceleration of investment in the new energy industry, high-tech industry, advanced equipment manufacturing industry, and real estate development, and the increasing demand for industrial distribution automation and civil distribution intelligence, the market prospects for high and low voltage electrical equipment sets are broad. The sales market of high and low voltage electrical products in China is mainly in the domestic market. At present, the vast majority of products from high and low voltage electrical appliance manufacturers are purchased by low-voltage complete equipment manufacturers, and then assembled into low-voltage distribution devices such as distribution screens, power distribution boxes, protection screens, control screens, etc., which are sold to users. They are supporting products for power generation equipment, distribution equipment, electrical transmission automatic control equipment, etc. Private enterprises dominate the production of high and low voltage electrical appliances in China, accounting for over 60% of the industry's annual output and sales revenue, while foreign-funded enterprises account for approximately 30% of the industry's annual output and sales revenue. In recent years, complete sets of high and low voltage electrical equipment have been widely used in various fields such as modern industrial enterprises, new energy development, and real estate construction for power matching, and the production and sales trend of products is good. With the continuous growth of investment projects in power grid construction, as well as the increasing demand for railway electrification and urban rail transit construction, the industry will also usher in a broader market.