【行业分析】中国高压开关柜行业政策汇总、发展现状及投资前景预测报告——智研咨询发布

Core Insights - The high-voltage switchgear market is experiencing steady growth due to the ongoing development of the power industry and the advancement of smart grid construction, driven by traditional grid upgrades and the integration of renewable energy sources [2][10] - The market size of China's high-voltage switchgear industry is projected to grow from 44.519 billion yuan in 2016 to 107.896 billion yuan in 2024, with a compound annual growth rate (CAGR) of 11.7% [2] - The release of the IEC TS 62271-5:2024 technical specification in May 2024 sets universal technical requirements for DC switchgear and control devices for systems with rated DC voltages of 100kV and above, indicating a significant regulatory development in the industry [2] Industry Overview - High-voltage switchgear is a type of electrical equipment used for the distribution and control of electrical energy, categorized by voltage levels into high, medium, and low voltage switchgear [4] - The high-voltage switchgear market is crucial for ensuring the safe and efficient operation of power distribution systems, allowing for the quick isolation of faults and maintaining the integrity of the grid [4][6] Market Dynamics - Investment in power generation and grid infrastructure in China has significantly increased, with power construction investment rising from 270 billion yuan in 2017 to 1,168.7 billion yuan in 2024, reflecting a CAGR of 23.28% [10] - The investment in grid construction has also seen growth, increasing from 531.5 billion yuan in 2017 to 608.3 billion yuan in 2024, with a CAGR of 1.95% [10] Industry Chain - The upstream of the high-voltage switchgear industry includes electronic components, metal materials, and other materials, while the midstream involves the manufacturing of high-voltage switchgear [12] - The downstream applications encompass various sectors such as power plants, substations, petrochemicals, metallurgy, textiles, and residential buildings [12] Material Significance - Copper is an essential material in high-voltage switchgear due to its excellent conductivity, which enhances circuit efficiency and stability, and its durability, which reduces failure rates and maintenance costs [15] - The production of copper in China is expected to grow from 18.617 million tons in 2017 to 23.503 million tons in 2024, with a CAGR of 3.39% [15]