Twelve Five Machinery Equipment Market Stable Growth in Domestic Demand

During the period of the 12th Five-Year Plan period, the basic conditions for the steady and rapid development of China's economy and the long-term good basic trend will not change. The total market demand for mechanical products will continue to grow, but the demand growth rate will slow down over the previous decade. In spite of this, as macroeconomic policies focus on economic transformation and upgrading and scientific development, the requirements for the variety, quality and level of mechanical products will receive more attention. Therefore, the "12th Five-Year Plan" China's machinery industry must recognize this situation and accelerate the industry's own transformation and upgrading.

1. The upgrading of major technical equipment will have a strong momentum The key construction and technological transformation of the key areas of the national economy such as electricity, petrochemicals, and metallurgy will bring huge demand. Taking electric power equipment as an example, the installed capacity of power generation equipment during the “Twelfth Five-Year Plan” period will increase from 930 million kilowatts in 2010 to 1.4 billion kilowatts in 2015, and 450 million kilowatts will be added in five years, with an annual average of 90 million kilowatts, plus retrofitting. The average annual demand of the old and export units will exceed 100 million kilowatts, which will roughly keep the total demand for the “Eleventh Five-Year Plan”; it is particularly noteworthy that demand for renewable energy and new energy equipment such as nuclear power, Wind Power, and hydropower will With a large increase, UHV power transmission and transformation equipment will accelerate development. Large petrochemical and metallurgical mining equipment will also have new development needs. Millions of kilowatts of thermal power, millions of kilowatts of nuclear power, millions of kilowatts of hydropower, 10 million tons of oil refining, million tons of ethylene, 10 million tons of coal, deep sea oil and gas exploration, large natural gas liquefaction and long-distance oil and gas pipeline transportation and other major projects It will create a huge market demand for high-end equipment for the equipment manufacturing industry.

2. The emergence of new industries requires a large number of new types of equipment As the country vigorously cultivates and develops strategic emerging industries, the conditions under which the machinery industry breeds new economic growth points are maturing. Luo Baihui, a research fellow at the China International Economic Development Research Center, believes that with the energy conservation and environmental protection industry, a new generation of information technology industry, biological industry, new energy industry, new materials industry, aerospace industry, rail transit industry, marine resources development industry, new The rise of emerging industries such as the energy automotive industry will inevitably bring forth a large number of new equipment needs, such as waste heat and pressure utilization devices, high-efficiency environmental protection devices, new material production and processing equipment, offshore engineering equipment, new energy equipment, smart grid equipment, new energy vehicles and The new batteries, motors, and electronic control devices that are matched with it provide the machinery industry with a vast space of growth.

3. The market demand for traditional machinery and equipment will maintain stable growth.

While the demand for low-end equipment has shrunk, the upgrading of products based on energy-saving and emission-reduction will open up new space for the development of large-scale traditional mechanical products. At the same time, as China is still in the process of large-scale industrialization and urbanization, the vast territory of China and the huge phase differences in the East, Central, and West provide a broad space for economic development. Luo Baihui believes that the demand for products such as construction machinery, transportation equipment and general electromechanical equipment will continue to grow steadily over a relatively long period of time.

4. The demand for agricultural light equipment will increase rapidly With the acceleration of social construction focusing on improving people's livelihood, the demand for mechanical products related to people's livelihood and agriculture will be expanded with the implementation of the “100 billion kg of grain” production increase project. . For example, the demand for various kinds of light industrial and textile machinery, safety emergency rescue equipment, modern agricultural equipment, agricultural and sideline products processing machinery, food packaging machinery, medical and health machinery, advanced printing equipment, and civilian energy-saving monitoring instruments will rapidly increase.