Domestic development trend
·The sustained growth of domestic household income has provided strong support for promoting consumption
In recent years, China’s national economy has been generally stable, and residents’ disposable income and living standards have continued to rise.The continuous improvement of income level and the change of consumption concept have promoted the continuous improvement of consumption structure and the continuous improvement of residents’ consumption ability. Strong sales of goods such as computers, home appliances and audio-visual equipment will lead to revenue growth for power cord components.
·Home appliances and consumer electronics industry upgrading, drive the market demand for power cable components
Power cord components are indispensable accessories for home appliances and consumer products. The development of the home appliances and consumer electronics market has driven a steady increase in the demand for rubber power cord components. The introduction of the incentive policies will further promote the industrial upgrading of the home appliances and consumer electronics sector, and enhance the consumption vitality of the home appliances and consumer electronics market. China’s home appliances and consumer electronics market has a huge stock, the growth of home appliances and consumer electronics market and the upgrading of products will drive the market demand for China power supply cord component products.
·“Belt and Road” strategy to promote China’s power cord component industry to the world
As the “Belt and Road” policy deepens, more and more Chinese companies realize the importance of overseas markets. Under the guidance of the Belt and Road “initiative, Chinese enterprises are” going global ” on a large scale, opening up a broader market space. With the support of policies, domestic enterprises can realize the international expansion of national enterprises by virtue of the advantages of high product cost performance and mature technology, and the overseas business income is expected to be raised rapidly, and promote the rapid development of Chinese power cord industry.
Development trend abroad
·Environmental protection technology requirements are becoming stricter
Around the world, the environmental protection requirements of power cord component products are increasingly strict, promoting the power cord component industry toward the direction of environmental protection. In recent years, China, the European Union and other countries and regions have launched new environmental protection regulations and product normative requirements, Strengthen the review of China power cord, European power cord and other countries and regions of power cord productsput, forward strict requirements for the environmental protection and safety of power cord components. Affected by this, the international mainstream manufacturers of electronic products further strengthen the control of the environment and human harmful substances.Therefore, the ability to control harmful substances will largely determine the market competitiveness of OEM power cord.
At present, large power cord component manufacturers have applied a variety of non-harm environmental protection materials in the production process, to ensure that the products are not harmful to the environment and human health, the new green environmental protection products will bring growth opportunities for OEM power cord component. More and more terminal appliances and equipment manufacturers tend to choose power cord component product manufacturers that can comply with environmental laws and regulations around the world. The importance of environmental protection and safety of power cord components is becoming increasingly prominent.
·Safety regulations certification requirements continue to strengthen
Computer, household appliances and other electrical equipment because of personal safety, its safety is highly valued by regulators and consumers. As the key safety components of the electrical equipment, such as computers and household appliances, the power supply cord components need to apply for safety regulation certification with the electrical equipment in the form of a complete machine. The downstream key customers of the safety regulation and certification requirements of the power cord component suppliers are further improved.
·Downstream home appliances and consumer electronics demand is strong
The main factors driving the development of the global power cord component market are consumer electronics and household appliances. Upgrades of downstream consumer electronics and home appliances will drive the global power cord components market.
Post time: Sep-01-2022