Analysis of current situation, downstream market demand and trend of precision structural parts manufacturing industry in China

2) China's photovoltaic inverter industry competitiveness

Since the 1990s, a number of multinational photovoltaic inverter manufacturers such as solar power supply and SMA have risen rapidly, occupying a major share of the global market. According to WoodMackenzie data, the total shipments of the world's top 10 suppliers of photovoltaic inverters account for 73% of the global market; Among them, Chinese enterprises occupy 5, accounting for 47% of the market share.

3) The development trend of photovoltaic industry

In the future, driven by the rapid growth of the photovoltaic industry, China's photovoltaic inverter manufacturing industry has developed rapidly, and the demand for precision structural parts industry will continue to increase.

① The improvement of photoelectric conversion efficiency is conducive to the growth of the market, and the development potential of photovoltaic power generation is huge

According to ITRPV (International photovoltaic technology line) data, PERC technology application in the market in 2019 has accounted for nearly 49%, becoming the most widely used technology for batteries, and the average photoelectric conversion efficiency of PERC batteries is about 22.60%, approaching its theoretical limit efficiency of 24.60%.

In recent years, the technological progress and industrial upgrading of the photovoltaic industry have accelerated, the commercialization level of photovoltaic power generation has been maturing, and the cost of photovoltaic power generation has been lower than that of conventional energy in many countries and regions, and it is accelerating the realization of large-scale "affordable Internet access" from point to point. With the reduction of photovoltaic module costs and the improvement of photoelectric conversion efficiency, photovoltaic power generation prices are expected to further reduce, according to Bloomberg new energy data, the United States with tracking system photovoltaic power plants, the cost of electricity has been lower than natural gas power generation. According to ITRPV forecasts, with the arrival of the era of "affordable Internet access", driven by market factors, the global annual installed capacity will climb to 660GW by 2030, and the global cumulative installed capacity will reach 9170GW in 2050, in the context of the global energy system to accelerate the transition to low-carbon, photovoltaic industry has great potential for future development.

(2) The globalization process of the photovoltaic market continues to advance, and inverter manufacturers accelerate the globalization layout

As of the end of 2017, more than 67 countries in the world have introduced market-oriented bidding model in the construction of renewable energy, including Europe, the United States and the Middle East and other regions of the photovoltaic power plant bid price has been lower than the local thermal power price, the rapid growth of photovoltaic installed demand in overseas markets.

In addition to the domestic layout of China's photovoltaic enterprises, the product manufacturing supporting system in Vietnam, Malaysia, Thailand and other Asia-Pacific regions is also relatively perfect, and through overseas investment to set up factories, overseas enterprise mergers and acquisitions, adopt a localized production strategy to accelerate the evolution of the international photovoltaic production pattern. Therefore, in the future, with the maturity of China's inverter products in terms of technology and conversion efficiency and obvious advantages in terms of cost performance, the domestic excellent inverter manufacturers will accelerate the global layout.

According to the data, China's overseas exports of photovoltaic modules maintain a high level, overseas demand is strong, the prosperity is high, the globalization process of the photovoltaic market continues to advance, and the total export amount in 2019 reached 2.341 billion US dollars.

(3) The development trend of intelligent photovoltaic products and building compatibility

With the gradual strengthening of global building environmental protection awareness, developed countries such as Europe and the United States have put forward the development goal of nearly zero energy consumption of buildings, and China has also proposed in the "13th Five-Year Plan for building energy efficiency and green building development" that the proportion of urban green building area will exceed 50% by 2020. At the same time, with the strong support of national policies, BIPV, as an important technology application to achieve the goal of zero energy consumption buildings, will enter a period of rapid development, and the future market space is huge. This trend change of photovoltaic and building compatibility will continue to improve the degree of integration of photovoltaic products, and put forward higher requirements for the application of precision structural parts in photovoltaic products.

(2) Security industry

1) Global security video surveillance market

Globally, the security equipment market has generally maintained a stable development trend. According to IHSMarkit data, the global professional video surveillance market reached $19.9 billion in 2019, an increase of 9.34%, and a compound growth rate of 6.58% from 2014 to 2019.