Recently, Chint Electric released its 2022 financial report, during the reporting period, the company achieved operating income of 45.974 billion yuan, an increase of 17.78%. In the field of low-voltage electrical appliances, Chint Electric actively embraces the digital wave, grabs the new opportunities of dual carbon, creates new advantages of intelligent manufacturing, new product development and technological innovation go hand in hand, and continues to consolidate the competitive advantage of the main track.

Low-voltage electrical appliances are closely related to people’s lives, subdivided, low-voltage electrical appliances industry downstream applications are mainly concentrated in construction, power grid, industrial projects, industrial OEM, infrastructure, individual users, etc., among which, the construction market stock replacement demand is large, and power grid and other fields benefit from new energy access, etc., but also has a more certain growth trend.

According to the White Paper on China’s low-voltage electrical Appliance Market in 2022, after 2022, with the increase of investment in data centers, new energy, communications and other fields, it will become the main growth pole of the low-voltage electrical appliance market; The industry has entered a recovery cycle and is expected to maintain a medium-high and stable growth during the 14th Five-Year Plan period.

By 2025, the scale of China’s low-pressure market is expected to exceed 124 billion yuan. Demand is steadily increasing, and relevant enterprises will get a broad industry market space.

New domestic brands usher in a golden age

In the past two years, the low-voltage electrical appliance industry has been affected by material price fluctuations, international trade environment, downstream industry demand and other factors, the growth rate of major manufacturers, gross profit margin is generally under pressure, in this context, 2022, Chint low-voltage electrical domestic market share for many years in the forefront of the industry, but also low-voltage electrical market sales scale of more than 10 billion of one of the two enterprises, A domestic enterprise in the six-star enterprise reflects the significant advantages of Chint brand in market coverage, quality and reliability.

In 2023, under the “double carbon” goal, the construction of distributed new energy and new distribution power system is rapid. With the rising trend of low-voltage electrical appliances, superimposed new infrastructure power, economic recovery to pull up power consumption and other conditions of support, low-voltage electrical appliances industry also ushered in new opportunities for development. Especially on the basis of domestic enterprises accelerating the research and development and innovation of new domestic brands and constantly improving quality performance, the industry leader will further expand its leading position.

According to the financial report, Chint Electrical research and development focuses on key industries such as power iot, new power load management, and data centers, creating industry-leading system solutions and series of products, and forming a normal and mutual technical cooperation mechanism with the head customers of key industries such as power grid enterprises, Huawei, and Hikvision, constantly accelerating the customization and localization of products for head customers.

Over the years, Chint has been committed to promoting the high-end and domestic development of low-voltage electrical appliances, and has launched a number of self-developed product series, with sales performance leading the industry. Taking the new sharp N5 new series of products released by Chint Electrical Appliances as an example, the product is specially tailored for the industry market, creating the industry pattern, realizing the independent control of power technology, demonstrating the independent control ability of the enterprise industry chain, the manufacturing strength of the whole process of digital intelligence and the end-to-end strong delivery ability.

Chint’s new series of products further consolidate the core technology of domestic low-voltage electrical appliance manufacturing and the stability and security of the industrial chain, reducing the risk of “stuck neck” faced by the domestic low-voltage industry. Liu Miao, vice president of the company, said that China’s national brand enterprises are accelerating the rise, and China’s low-voltage electrical appliance industry is at a key stage of becoming stronger.

Jointly initiated the “Light of Domestic goods, the number of wisdom sailing” summit forum, let the industry see the rise of industrial goods, let the world hear the voice of “made in China”.

The new change under the trend of number intelligence

With the advancement of the concept of Industry 4.0, intelligent manufacturing and Internet + have become hot topics for transformation and upgrading of many industries, including low-voltage appliances.

At present, many enterprises in the industry are concerned about intelligent manufacturing, active layout, and constantly improve product delivery ability, profitability, cost control ability. For example, in the White Paper on China’s low-voltage electrical Appliance Market in 2022, it is proposed that Chint low-voltage electrical intelligent manufacturing Factory was selected as “2021 intelligent Manufacturing Pilot Demonstration Factory”, and its Noyak Electric intelligent online testing project was selected as “2021 intelligent Manufacturing Excellent Scene”.

In addition to intelligent manufacturing, Chint Electric has always attached great importance to research and development capacity building, built scientific and technological support capability with dual-core technology and product drive, restructured product lines with customers as the center, promoted the deep integration of technology, market and business, and achieved technological and product breakthroughs in professional markets such as power iot, new energy, 5G& communication, and other leading customers in large industries. And according to the market demand for product line optimization and integration, the formation of channel market fist products, further enhance the market share.

Take the new series of N5 products as an example, the product in the development process, the application of advanced structural, dynamic, thermal, electromagnetic and tolerance simulation analysis technology, quickly find the optimal design scheme, effectively reduce the number of test verification, shorten the product development cycle, reduce development costs, improve design quality. From design, research and development, production to delivery, the whole process of digital intelligence, products with highly intelligent, modular, high reliability, high stability and other characteristics.

In the future, under the overall structure of “Digital Chint”, Chint Electrical Appliances will focus on product performance improvement, new material research and application, intelligent manufacturing and other projects to improve quality, increase efficiency and reduce costs, and create a manufacturing system with high flexibility, high efficiency, high quality, low cost, short delivery time, green, automation and digital intelligence.

“Dual carbon” goal brings new demand for smart power distribution

The proposal of the goal of “carbon neutrality and carbon peak” continues to promote the clean energy industry market in China, and the domestic demand for clean energy consumption accelerates. According to statistics, in 2022, China’s clean energy power generation increased by 5.3% year-on-year, accounting for 30.26% of the country’s total power generation; The market’s clean energy consumption increased by 4.51% year-on-year. With the increase in the proportion of new energy access such as wind power, photovoltaic, and energy storage, the problems of “double high” and “double random” have put forward higher requirements for the environmental adaptability, reliability, and customization of electrical products.

At the same time, with the continuous deepening of electric energy substitution, the electrification rate in the future industry, transportation, heating and other fields will steadily increase, especially the rapid growth of new loads such as electric vehicles, 5G base stations, data centers, terminal energy to achieve a high degree of electrification, a variety of clean energy based on electricity will form a multi-energy complementary and tiered utilization system, and the interaction requirements of source-network-load will continue to increase.

Based on market demand, Chint Electric focuses on market segments such as source network charge storage and new energy, implements the expansion strategy of “Iron Triangle + technology marketing + channel industry collaboration”, promotes the planning of new business products under the dual-carbon goal, realizes two-way breakthroughs in core key fields and emerging technologies in the industry, and achieves cooperation with leading customers in the industry such as Kestar, Sunshine Power, and Sunneng Electric. Effectively expand the market space.

To meet the needs of customers in multiple scenarios, Chint has launched intelligent power distribution system solutions with photovoltaic, energy storage and other distributed energy sources. In addition to ensuring the traditional power safety, Chint can realize intelligent monitoring, energy management, carbon traceability and certification management of power distribution safety through PC and mobile software. Let customers truly feel the value of the solution that fully integrates “optical storage, charge and discharge” and intelligent power distribution system.

In terms of application, the company adopts the whole-process energy efficiency mode for the construction of Yueqing iot Sensing Industrial Park through energy Internet of Things technology, and manages the whole life cycle of planning, products, construction and operation to ensure the long-term safe, efficient and high-quality operation of the project.