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About UsCommitted to the innovative development of the domestic electrical industry, with the goal of continuously developing new products with advanced domestic and industry technology, we are rapidly developing into an innovative enterprise with a series of transmission and distribution products such as electrical complete sets, cable trays, high and low voltage switchgear, and high and low voltage bus ducts.
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Competitive landscape of the switchgear industry
Published Time:
2025-05-14
The switchgear industry is highly competitive, with multinational and domestic companies competing across technology, products, and brands.
From a market segmentation perspective, high-voltage switchgear remains a key area of development in China. High-voltage switchgear is crucial power distribution equipment in power systems, widely used in AC distribution systems ranging from 3.6kV to 40.5kV. Its small footprint, ease of installation, and high safety features make it indispensable in power systems. In recent years, with the rapid development of China's power industry and the continuous advancement of grid construction, the market demand for high-voltage switchgear has continued to grow. Particularly, driven by the "new infrastructure" policy, the accelerated construction of smart grids and ultra-high-voltage transmission projects has brought new development opportunities to the high-voltage switchgear industry. In 2023, China's high-voltage switchgear production reached 2.287 million units, accounting for 76% of total output. Furthermore, in the low-voltage, medium-low voltage, and medium-voltage switchgear sectors, domestic manufacturers have completed a path of technological introduction, digestion, absorption, and independent research and development, resulting in a high market share for domestically produced switchgear. However, due to changes in market supply and demand, the output of medium-voltage and low-voltage switchgear products in China has fluctuated. In 2023, China's low-voltage switchgear production was 420,500 units; medium-voltage switchgear production was 255,400 units.
The power industry is currently developing rapidly, but there are also certain safety risks, so it is necessary to pay full attention to power safety issues. High and low voltage switchgear, as very important equipment in power systems, is mainly responsible for converting high voltage to low voltage and then delivering it to various units. Technological breakthroughs, economic development, and the needs of different sectors of society are all stimulating the rapid development of the high and low voltage switchgear industry. Simultaneously, with the development of smart grids and digital substations, switchgear is also constantly being upgraded and improved. Modern switchgear typically has a higher degree of integration and intelligence, enabling remote control, status monitoring, and fault warning functions, continuously expanding the industry's development space. In 2023, the market size of China's switchgear industry reached 127.742 billion yuan, a year-on-year increase of 7.48%.
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