Abstract:In recent years, China's economy has maintained sustained and rapid growth, the popularization of new energy vehicles, the construction of 5G infrastructure, the upgrading of consumer electronics and the development of electric rail transit. According to statistics, the size of China's connector market will reach 195.683 billion yuan in 2022, an increase of 8% over 2021, and the size of China's connector market will be about 210 billion yuan in 2023. It is expected that in the next few years, the emerging fields represented by new energy vehicles and electrochemical energy storage will be driven by national industrial policy support and downstream demand, and the scale of China's connector market will maintain rapid growth.
1. Definitions and Classification
Electrical connection refers to the process of connecting a power supply, electrical equipment, or electronic equipment to a power source or to other electrical equipment by means of an electrical connection. This connection is typically made using wires, plugs, receptacles, connectors, or other electrical connection elements. Electrical connections can be temporary, such as plug-in connections, or permanent, such as welded connections. The electrical connection industry can be classified according to the characteristics of its products and services as follows:
Second, industry policies
1. Competent departments and regulatory systems
According to the National Bureau of Statistics' "National Economic Industry Classification" (GB/T4754-2017), the electrical connection industry belongs to the "other power transmission, distribution and control equipment manufacturing (C3829)" in the "electrical machinery and equipment manufacturing industry (C38)". The electrical connection industry is managed by a combination of national macro-control and industry self-discipline. The competent authority of the industry is the Ministry of Industry and Information Technology, and the self-regulatory organization of the industry is the China Electronic Components Industry Association.
2. Relevant policies
In recent years, relevant departments and units of the industry have successively issued a number of industrial policies and documents to regulate and promote the healthy and positive development of the industry. At the same time, a series of strategic plans have also been issued, such as the "Outline of the 14th Five-Year Plan for National Economic and Social Development of the People's Republic of China and the Long-Range Objectives Through the Year 2035", which proposes to focus on the development of strategic emerging industries such as new energy, high-end equipment, energy conservation and environmental protection, which has brought stable market demand to the downstream electrical connection industry.
Third, the development process
China's electrical connector industry is an important part of the power industry, and it is also one of the key components that support various electrical equipment, electronic products and communication equipment. With the support of national policies and the promotion of market demand, China's electrical connector industry has experienced a development process from the initial stage to modernization and internationalization, and has made great progress.
Fourth, industry barriers
Electrical connector is the basic component of electronic terminal signal transmission and exchange, belongs to the technology-intensive industry, the industry involves a number of disciplines, covering materials, chemistry, mechanical structure, microwave, communication and other disciplines, the product is highly professional, the talent and technical requirements are relatively high. Not only that, the electrical connection components have a wide range of applications, with the characteristics of large-scale and diversified production, and the industry requires manufacturers to have strong supporting capabilities and rich product sequences, which can fully meet the needs of customers for batch products of different specifications and models. Therefore, it is difficult for some enterprises in the industry that lack technology and funds to achieve large-scale production, and the high production cost cannot achieve considerable profits, and economies of scale form a large barrier to new entrants. In addition, customer resources are also one of the main barriers to electrical connectors.
Fifth, the industrial chain
1. Analysis of the industry chain
Electrical connection components are the connecting bridges in electronic circuits, and are the core basic devices necessary to form a complete electrical system. The upstream raw materials of the industrial chain of the electrical connection industry mainly include electronic materials, copper, aluminum, insulating materials, etc., and the downstream of the industry is widely used in new energy vehicles, electrochemical energy storage, rail transit, industrial frequency conversion, new energy power generation, etc. Due to the different development stages of each application field, there are certain differences in the technical level and development trend of the upstream subdivided industries. In recent years, driven by industrial policy support and downstream demand, the market size of new energy vehicles, electrochemical energy storage and new energy power generation industries has maintained rapid growth, attracting a large influx of capital, resulting in the risk of increasingly fierce competition in the upstream and downstream of the industrial chain.
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