CHINA HARZONE(SZ:300527) Chan Ye Xin Xi Wang·2025-12-03 01:24Core Viewpoint - The emergency industry in China is a comprehensive and emerging sector that spans multiple departments and fields, primarily consisting of emergency equipment and emergency services, with a significant focus on equipment. The development of this industry is crucial for enhancing national emergency systems, improving emergency capabilities, ensuring public safety, and promoting economic growth. The industry has entered a rapid growth phase, with projections indicating a market size of 13,934.7 billion yuan in 2024 and 14,589.2 billion yuan in 2025 [1][5]. Industry Definition and Classification - The emergency industry is defined as the sector that supports the response to sudden events requiring urgent handling, covering a wide range of applications and lacking clear industry boundaries. It is categorized into four main types: safety protection, monitoring and early warning, emergency rescue and disposal, and safety emergency services [2][4]. Current Development Status - The emergency industry in China has seen significant growth, with its market size increasing from 5,510.1 billion yuan in 2016 to an expected 13,934.7 billion yuan in 2024. The emergency equipment market is projected to reach 9,199.8 billion yuan in 2024, accounting for 66.02% of the total industry, while emergency services and maintenance are expected to reach 4,734.9 billion yuan, making up 33.98% [5][7]. Market Structure - The emergency industry consists of emergency equipment and emergency services, with equipment holding the majority share. The market for emergency services has been expanding in recent years, indicating a shift in focus within the industry [7]. Industry Chain - The emergency industry chain includes upstream suppliers of emergency equipment and software information services, midstream emergency system services, and downstream applications in various scenarios such as natural disasters, accidents, public health, and social security [8]. Development Environment and Policies - The Chinese government has made significant strides in emergency management, transitioning towards a preventive governance model. Key policies include the revision of laws such as the Emergency Response Law and the Safety Production Law, as well as the issuance of development action plans for emergency equipment [9][10]. Competitive Landscape - The main participants in the emergency industry include companies involved in safety protection equipment manufacturing, monitoring and early warning, and emergency rescue services. Notable companies include Hikvision, Dahua Technology, and China Shipbuilding Industry Corporation, among others [11][12]. Technological Innovation Measures - To enhance the technological innovation level of the emergency industry, measures such as talent cultivation, innovation platform construction, and promotion of result transformation are essential [14].