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Developing China Terminal Blocks

December 01, 2021

Due to constraints in technology and capital strength, the development of Terminal Blocks in our country has been "situated." According to industry experts' forecasts, it is understood that in recent years, China's terminal market has maintained a growth rate of 12-15%, and it is expected that it will maintain a growth rate of at least 10% over the next five years. At present, the growth rate of terminal installation capacity (power) in the Chinese market is actually around 20%. It is expected that the terminal market will become saturated and gradually mature after at least 10 years.

Terminals have been unparalleled in the modernization of elevators, electricity, and other fields as well as medicine, communications, transportation, transportation, electricity, electronics, and environmental protection. Almost all industries in the national economy are inseparable from the terminals. From the standpoint of product advantages, through the high-quality control of the motor speed and the improvement of the manufacturing process, the terminals not only contribute to the improvement of the manufacturing process, especially in the field of fine processing, but also can effectively save electric energy.

With the introduction of the Twelfth Five-Year Plan, terminal blocks will be developed in parallel with power electronics technology, motor control methods, and automation control levels. This confirms the old saying: The prospects are good, and the road ahead is rugged. China's terminal industry will be able to seize the opportunity to break the bottleneck of the current development, usher in the spring of the industry!

Terminals industry will maintain rapid growth In 2010, the growth rate of the terminal industry reached 27.27%, mainly due to the short supply of terminal blocks last year, the growth rate reached 30%, and the first time there was a higher growth rate than the terminal, the terminal growth rate was 22.7%. The competition of terminal blocks has intensified and prices continue to show a downward trend.

The future terminal industry will continue to maintain a rapid growth of around 20%.

Terminals account for about 30% of the market share. Terminals account for about 70% of the market share. The domestic market share of terminal blocks reaches 80%. Import substitution space is relatively small. Terminals are concentrated in low-end products and competition is fierce. The domestic brand market share is only about 30%, and it is optimistic about the future to the high-end alternatives.

Author:

Mr. Richard

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