Chan Ye Xin Xi Wang·2025-08-15 01:36Core Viewpoint - The demand for smart pole-mounted switches is primarily driven by the State Grid Corporation, which is a key player in China's distribution equipment market and has stringent quality and technology requirements for these products. The overall tender volume for smart pole-mounted switches is expected to increase from 63,800 units in 2018 to 232,200 units in 2024, despite fluctuations due to various external factors [1][12][13]. Overview - Smart pole-mounted switches, also known as integrated switches, are installed on overhead distribution lines and feature automation monitoring, remote control, protection, and communication capabilities. They are essential for enhancing the reliability of distribution lines and optimizing grid operation efficiency [2]. Market Policy - The smart pole-mounted switch falls under the category of "C38 Electrical Machinery and Equipment Manufacturing" in China's national economic industry classification. The development of this sector is supported by various government policies aimed at enhancing the safety and efficiency of the power system [5][7]. Industry Chain - The upstream materials for smart pole-mounted switches include switch bodies, insulation modules, current/voltage transformers, and other components, with direct materials accounting for over 90% of costs. The midstream involves manufacturing, while the downstream applications cover various sectors, including urban and rural power grids and renewable energy integration [8][9]. Development Status - The State Grid is the primary customer for smart pole-mounted switches, reflecting the market's development. The tender volume for these switches is expected to show a growth trend, with significant increases projected for 2024 [12][14]. Competitive Landscape - The smart pole-mounted switch industry has a competitive market structure, with numerous participants. In 2024, 255 companies won tenders from the State Grid, with a total bid amount of 9.46 billion yuan. Key players include Keda Intelligent Electric Technology Co., Shanghai Honglida Information Technology Co., and others [16][17]. Industry Representative Analysis - Shanghai Honglida Information Technology Co. reported a total revenue of 979 million yuan and a gross profit of 448 million yuan in 2024, indicating strong performance in the smart distribution network sector [20]. - Jinguang Electric Co. achieved a total revenue of 658 million yuan and a gross profit of 214 million yuan in 2024, focusing on the development of smart high-voltage switchgear and other related products [22]. Development Trends - Future advancements in integrated technology and AI algorithms are expected to enhance the performance and efficiency of smart pole-mounted switches, improving fault detection accuracy and response times. The integration of 5G technology will further optimize operational efficiency in power grid management [24].