In the first half of 2022, China's low-voltage electrical appliance market showed a growth of -9%, and the market will further pick up in the second half of the year. According to this development trend, the whole year of 2022 will basically be in a slight growth trend, and the overall market size is expected to reach 98.5 billion yuan; At the same time, intelligent circuit breakers and power quality products are widely used, and intelligent power distribution has entered a golden age.
In the first half of 2022, the export value of China's low-voltage electrical products was US$11.44 billion, a year-on-year increase of 9.2%; the import value was US$7.77 billion, a year-on-year decrease of 5.7%. Among them, the main export destinations are Hong Kong, China, the United States, Vietnam, Japan and Germany.
In 2021, affected by the project delay in 2020 and the increase in investment in the infrastructure industry, the growth rate of China's low-voltage electrical appliance market is relatively high, with a year-on-year increase of 9.5% and a scale of 94.43 billion yuan.
In 2021, the main brands in China's low-voltage electrical appliance market include Schneider, Chint, Nader, Delixi, ABB, Siemens, Tengen, Changshu Switchgear, and Eaton, and these brands occupy the majority of the market share. In addition, some small and medium-sized enterprises have also performed well in the market, such as Bevone, People, LS, Taiyong, Huanyu, AEG, Daquan Kaifan, Beijing Renmin, Legrand, Huineng, Higer and so on. In addition, among the many brands in the Chinese market, Chinese domestic brands are represented by Chint, Nader and Changshu Switchgear, with a total sales of 18.9 billion yuan, accounting for 20.1% of the Chinese market share.
In 2021, China's cumulative export of low-voltage electrical products was US$22.77 billion, a year-on-year increase of 31.1% and an increase of 40.1% compared with the same period in 2019; the import value was US$17.41 billion, a year-on-year increase of 16.4% and a year-on-year increase of 19.1%. Among them, the main export destinations of low-voltage electrical products are Hong Kong, China, the United States, Vietnam, Japan, and Germany.