In an environment where the manufacturing industry is accelerating its transformation towards automation and intelligence, the scale of the industrial control market has shown a steady growth trend, which has laid a solid market foundation for the vigorous development of the industrial control power supply industry.
As the requirements for power supply performance of industrial control systems continue to increase, the industrial control power supply industry is facing unprecedented development opportunities. Its technical level, product quality and market influence are all expected to achieve a qualitative leap.
First, let’s get an overview of the industrial control power supply industry.
Industrial control power supply is a power supply equipment specially used in the field of industrial control. Its core function is to convert mains power or other power supplies into stable DC power supply suitable for industrial control equipment.
It usually has high stability, reliability and durability, and can adapt to harsh industrial environments and the needs of various electrical loads.
Its working principle is based on power conversion technology, which mainly includes rectification, filtering, voltage stabilization and output.
The AC power is converted into DC power through rectification, clutter and interference are removed in the filter circuit, and the voltage stabilizing circuit ensures stable output voltage, ultimately providing power support that meets the requirements for industrial control equipment.
Industrial control power supplies can be divided into switching power supplies, linear power supplies, modular power supplies, dual output power supplies and other types according to different application scenarios and needs.
Compared with ordinary power supplies, it has significant features such as stability, reliability, high efficiency and energy saving, high safety, long life, strong adaptability, environmental protection and energy saving.
From the perspective of the industrial chain, the upstream raw materials of the industrial control power supply industry mainly cover power devices, electronic components, metal materials, mechanical materials, etc.
The quality and supply stability of these raw materials directly affect the performance and cost of midstream products.
The midstream is the industrial control power supply industry itself, while the downstream is a wide range of application fields, such as machinery manufacturing, power systems, transportation, petrochemicals, etc.
In these fields, industrial control power supply provides stable power support for various control equipment, sensors and actuators, ensuring the reliable operation of the entire industrial system.
Let’s take a look at the development status of the industrial control power supply industry.
Power supply is a device that provides power to electronic equipment. Power supply technology is used in all aspects of electric energy generation, transmission, distribution, and use. It is a key supporting technology in the fields of new energy and smart grids, industrial automation, electrified transportation (high-speed rail, new energy vehicles, etc.), network communications, aerospace, and national defense. It plays an indispensable and important role in transforming traditional industries and developing high-tech. It is an important means to accelerate the low-carbon transformation of the energy system.
In recent years, under the background of the country’s new infrastructure construction concept and dual-carbon strategy, as well as the continued development of China’s economy and the country’s continuous investment in power application industries such as new energy power generation, energy storage, new energy vehicles, and 5G communications rail transit, China’s power industry has basically maintained a rapid growth trend.
However, due to the novel coronavirus pneumonia epidemic that began at the end of 2019, upstream raw material suppliers, especially chips, were forced to increase prices and extend delivery times. The supply chain and production of the power supply industry also suffered from a certain degree of disruption or stagnation, which had a negative impact on the development of the industry.
Although the growth rate of power supply in 2020-2021 is higher than in previous years, it has not achieved the expected results.
2022 seems to be a year ready for development. Although the overall performance of China’s industrial automation industry was poor that year, the growth of new energy vehicles, photovoltaics, and data centers made up for the slowdown in industrial automation, thus driving the growth of the power industry.
Data shows that the market size of China’s industrial control power supply industry will increase from 115.44 billion yuan in 2015 to 462.12 billion yuan in 2024, with a compound annual growth rate of 16.7%.
Relevant listed companies include Yingjie Electric (300820), Huazi Technology (300490), Inovance Technology (300124), Topband Technology (002139), Hechuan Technology (688320), Ruineng
Technology (603933), Welgo (301251), etc., as well as Jiangsu Oriental Stone Technology Co., Ltd., Dongguan Aoyuan Electronic Technology Co., Ltd., Chenglian Power Co., Ltd. and other related companies are also actively developing in the industry.
With the continuous development of the industry, the industrial control power supply industry is expected to achieve greater breakthroughs in technological innovation and market expansion in the future, providing stronger support for the transformation and upgrading of China’s manufacturing industry.
