Industry
Downstream demand weakens, and the electromagnetic wire industry is moving towards refinement
Electromagnetic wire is a type of conductive metal wire with an insulation layer used to wind the coil or winding of electrical products.The domestic electromagnetic wire industry is a perfect competition industry,with more than 1000 enameled wire manufacturers.Faced with the slowdown in macroeconomic growth rate and weak growth in the main downstream application industries,China's electromagnetic wire industry showed negative growth in 2016.Electronic wire production enterprises must undergo transformation and upgrading to develop towards specialization and refinement to meet the needs of downstream application industries.
Downstream application demand weakening
The main application industries of electromagnetic wires are power equipment,industrial motors,household appliances,automotive motors,electric tools,instruments and meters,etc.They are known as the"heart"of motor and electrical industry products,and their major demand areas are power equipment and household appliances,accounting for more than 60%of the total market demand.
The power equipment manufacturing industry is one of the main sub industries of the mechanical industry,with total assets accounting for nearly 1/4 of the entire mechanical industry.The definition of power equipment mainly includes two categories:power generation equipment and power supply equipment.Power generation equipment mainly includes power station boilers,steam turbines,gas turbines,water turbines,generators,transformers,etc.Power supply equipment mainly includes transmission lines,transformers,contactors,etc.of various voltage levels.Since 2014,electricity consumption has entered a period of low growth.Although new energy vehicles,electric heating and other new electricity loads are rapidly developing,it is difficult to compensate for the negative impact of the decline in industry,especially heavy industry,on the power equipment industry.
After more than a decade of rapid development,China's home appliance industry has formed a large industrial scale and established its position as a major global producer of home appliances.The development of the home appliance industry is closely related to the real estate industry.In recent years,the government's regulation of the real estate industry has continued to increase.After experiencing rapid growth,the prosperity of China's real estate industry has decreased,and the home appliance industry has been affected by it,resulting in significant pressure on demand growth.Especially in industries such as refrigerators,washing machines,and vacuum cleaners,the growth rate has slowed down.
Downstream application demand weakening
The main application industries of electromagnetic wires are power equipment,industrial motors,household appliances,automotive motors,electric tools,instruments and meters,etc.They are known as the"heart"of motor and electrical industry products,and their major demand areas are power equipment and household appliances,accounting for more than 60%of the total market demand.
The power equipment manufacturing industry is one of the main sub industries of the mechanical industry,with total assets accounting for nearly 1/4 of the entire mechanical industry.The definition of power equipment mainly includes two categories:power generation equipment and power supply equipment.Power generation equipment mainly includes power station boilers,steam turbines,gas turbines,water turbines,generators,transformers,etc.Power supply equipment mainly includes transmission lines,transformers,contactors,etc.of various voltage levels.Since 2014,electricity consumption has entered a period of low growth.Although new energy vehicles,electric heating and other new electricity loads are rapidly developing,it is difficult to compensate for the negative impact of the decline in industry,especially heavy industry,on the power equipment industry.
After more than a decade of rapid development,China's home appliance industry has formed a large industrial scale and established its position as a major global producer of home appliances.The development of the home appliance industry is closely related to the real estate industry.In recent years,the government's regulation of the real estate industry has continued to increase.After experiencing rapid growth,the prosperity of China's real estate industry has decreased,and the home appliance industry has been affected by it,resulting in significant pressure on demand growth.Especially in industries such as refrigerators,washing machines,and vacuum cleaners,the growth rate has slowed down.