The prospects of China's low-voltage electrical appliance market are very optimistic

Release Time:

2023-04-28 09:04

The market capacity of low-voltage electrical appliances in China will steadily increase, and its prospects are very optimistic. The market capacity of low-voltage electrical appliances in China is closely related to the development of the power industry. According to calculations, the growth rate of national power generation was around 4% from 2001 to 2005, and around 4.5% from 2006 to 2010; Within 10 years, the average elasticity coefficient of electricity is around 0.6. Therefore, from 2001 to 2005, the country needed to generate an additional 66-77 billion KWh of electricity annually. From 2006 to 2010, the average additional electricity generated was 66-77 billion KWh. Based on the average daily operation of 13.1 hours of power units in 1997, the average annual installed capacity added from 2001 to 2010 was around 21GW. According to the calculation of experience matching ratio, approximately 480000 low-voltage frame circuit breakers and 4.62 million molded case circuit breakers are required annually. The demand for other types of low-voltage electrical products is also considerable. The quantity of low-voltage electrical products exported to Southeast Asian countries in China is relatively large. Due to the country's emphasis, support, and encouragement on the export of mechanical and electrical products, it is beneficial for the export of low-voltage electrical appliances.

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