The overall market concentration of China's low-voltage electrical appliances has further increased

According to the "Research Report on China's Low-Voltage Relay Industry in 2022" issued by the Control Relay Branch of the China Electronic Components Industry Association, the market size of China's low-voltage relays will reach 15 billion yuan in 2022, an increase of 8% year-on-year. According to the report, China's low-voltage relay market presents the following characteristics: First, the market demand structure has changed, and new energy, intelligent manufacturing, industrial Internet and other fields have become new growth points; second, the market competition pattern has changed, and domestic brand companies continue to improve their technical level and market share, forming a healthy competition with international brand companies; third, the market concentration has further increased, and the top ten companies accounted for nearly 70% of the market share, of which Schneider Electric, Chint, Delixi and ABB ranked the top four respectively .