The Terminal Block Industry Is Gradually Becoming Sound, And The Development Trend Is Very Rapid

In the past 20 years, from the development trend stage to the present, China's terminal block industry has gradually become more healthy, and the development trend is very rapid. Since the 21st century, the growth rate of China's terminal block market has exceeded 20%, far exceeding the level of GDP growth in recent years. In 2006, the market capacity of China's terminal blocks reached about 7.6 billion yuan.

Terminals

Considering the advantages of the terminal itself, the development trend of the industry and the market, the current situation and its development prospects, and the high-quality analysis of the current situation, the development prospects of my country's low and medium terminal industry are very optimistic. But I don’t know that there are irreversible risks for industry production and processing companies, especially local production and processing companies.

At present, there are more than 300 terminal manufacturers in the Chinese market, and the overall level and scale of enterprises vary. Some companies still adopt the workshop production model. As market competition intensifies, many brands will eventually be gradually replaced and eliminated.

In the future, the terminal block market will be a market with high brand market concentration and more orderly market competition; in China, foreign brands will still face the terminal block market. The history of most local companies in China is not long. Many new products have a short time to enter the market and cannot match the long-established world-renowned brands in terms of product performance indicators and brand awareness.

Of course, there are many reasons that restrict the development trend of our country's terminal companies. For example, some terminal production and processing companies use project outsourcing in their operations, such as project outsourcing some terminal prefabricated components. If the management plan is improper, there will also be irreversible risks. In addition, under the pressure of market competition, the company is likely to choose concentrated property and professional development towards a single product and market, resulting in a single operation situation, such as only producing and processing special terminal blocks.

Since the 21st century, China's terminal block industry has been highly fissioned. Many foreign brands have opened factories in China and implemented cultural integration management. The original domestic brand management personnel and assets have been continuously extracted, and many companies have been established in coastal cities such as Guangdong, Zhejiang, Shandong, and Shanghai.

At present, there are more than 300 terminal manufacturers in the Chinese market, and there are still around 20 to 30 important brands. In China, the terminal market of foreign brands is still in a leading position. The history of most local companies in China is not long, and many new products have entered the market in a short time. They cannot compare with the long-established world-renowned brands in terms of product performance indicators and brand awareness.

China's terminal block market originated from the entry of foreign brands, and foreign brands are generalized. In China, the overall level of the entire terminal service facility industry chain is relatively weak. There are certain differences between Chinese brands and foreign brands in terms of professionalism, manufacturing, processing, industrial product design, or overall property level. At present, the market share of foreign brands in the Chinese terminal block market is about 70%. The local terminal company mainly produces and processes V/F control products. For products such as vector material terminal blocks with high performance indicators and high technical content, most Chinese companies have not yet designed and developed sound products.

According to the survey, foreign brands still dominate the terminal market in China. There are many important electrical equipment and other companies in China. Therefore, China's terminal market is still dominated by price, which is likely to cause the terminal blocks promoted and marketed by many global brands in China to be different from those in the world, and it also provides certain opportunities for the development trend of local terminal brands.

With the popularity of local brands, the market share of domestic terminal companies is slowly expanding, especially in recent years to accelerate the development trend of replacing foreign brands. It has shown certain core competitiveness in some customer segmented products and markets, and its market share is slowly expanding. It is expected that the market share of Chinese brands will exceed that of foreign brands in the next two years