High-end low-voltage electrical appliances still rely on imports Domestic low-voltage electrical appliances urgently need to get out of the bottleneck

At present, domestic medium and low-grade low-voltage electrical appliances basically occupy most of the domestic market, but domestic high-end low-voltage electrical appliances except for individual products can be equally divided with similar foreign products, the domestic market share of most products is still very low, and the demand for high-end low-voltage electrical appliances in the domestic market still relies on imports
.
In fact, domestic low-voltage electrical enterprises generally lack sufficient independent innovation capabilities and lack high-end market competitiveness
.

Throughout the domestic low-voltage electrical industry, various factors hindering industrial development are increasingly prominent
.
Overcapacity, insufficient funds, lack of core technology, low-end products, strong impact of foreign brands, coupled with the rising cost of raw materials, labor costs, financial costs, the vicious competition of prices and channels has gradually escalated, resulting in a decline in the growth rate of the overall profit of the industry, and the development of most low-voltage electrical enterprises has begun to fall into a bottleneck period
.

In recent years, the scale of domestic low-voltage electrical appliance manufacturers is too small, the number is too large, and more than 90% of enterprises are in the repeated production of
medium and low-grade products.
According to the output value, the market share of the first generation product is 15%, the market share of the second generation product is 45%, and the market share of the third generation product is 40%.

In the future, mastering the cutting-edge technology of low-voltage electrical appliances will surely become the focus
of competition in the low-voltage electrical appliance industry.

In general, China's low-voltage electrical appliances are experiencing a change
.
On the one hand, it benefits from the continuous increase in the construction of China's smart grid, especially the distribution network, and on the other hand, it is attributed to the increasing
number of new energy power generation in China.
The small analysis of the low-voltage electrical appliance industry research of the Prospective Industry Research Institute predicts that the market demand for low-voltage electrical appliances in China will increase year by year, the market scale will expand year by year, and the market expansion speed will accelerate
year by year.
It is estimated that the scale of China's low-voltage electrical appliance market will reach 75 billion yuan in 2014, and the market growth rate will reach about
20%.

It is gratifying that at present, many national brands have begun to enhance their sense of worry, in the case of overcoming the increase in raw materials and labor costs and financing difficulties, constantly reducing product management costs, increasing equipment technology upgrading and transformation, strengthening cost management and expense control, emphasizing product research and development and design, the third and fourth generation products with intelligence, electronic, combination, and modularization as the main direction will gradually achieve large-scale application, and the bottleneck period of the low-voltage electrical appliance industry is expected to be broken
.