Hydraulic Industry Prospect Development

1. The market size of hydraulic industry is growing steadily

Since the 21st century, the equipment manufacturing industry represented by construction machinery, metallurgical machinery, mining machinery, agricultural machinery, aerospace, intelligent machine tool etc has achieved a rapid development, our country's hydraulic industry has entered a mature development stage. Data show that the market scale of Chinese hydraulic industry increases from 59.7 billion yuan in 2016 to 82.1 billion yuan in 2020, and the market prosperity of hydraulic industry recovers, with a compound average annual growth rate of 8.29%. China Commercial Industry Research Institute predicts that the hydraulic industry market will reach 93.3 billion yuan in 2022.

2. The national industrial policy supports and promotes the development of the industry

As an important supporting industry of the equipment manufacturing industry, the state attaches great importance to the development of the hydraulic industry. In recent years, the state has successively issued "Made in China 2025", "the 14th Five-Year Plan for National Economic and Social Development of the People's Republic of China and the Outline of the 2035 Vision Goals", "the 14th Five-Year Development Plan Outline for the Hydraulic Hydraulic Pneumatic Seal Industry" and other policies. National and local government departments have given great help in policy support, industrial projects and other aspects, creating good conditions for the development of the industry.

3,The downstream host industry provides a broad development space for the hydraulic industry because the hydraulic transmission technology has a large power to weight ratio, small volume, high frequency response, pressure, flow controllability is good, flexible transmission power, easy to achieve linear motion, can realize the advantages of stepless speed regulation, etc. The hydraulic techno logy can be widely used in machine tools, engineering machinery, agricultural machinery, metallurgical machinery, mining machinery, Marine engineering, aerospace, rail transit and other industries, the downstream industry booming development makes the upstream industry hydraulic industry market prospects will maintain a continuous growth.

4. New infrastructure investment continues to boost industrial domestic demand

The state plans to promote new infrastructure and accelerate the construction of new infrastructure, such as 5G infrastructure, ultra-high voltage, intercity high-speed railway and intercity rail transit, new-energy vehicle charging piles, big data centers, artificial intelligence and industrial Internet, to boost economic growth and domestic demand. In the context of "internal circulation", new infrastructure investment will continue to boost the demand for hydraulic components, domestic leading hydraulic enterprises continue to improve the technical level and product competitiveness, in this context, the process of domestic high-end hydraulic products to replace imported products is further accelerated.

5. Big business opportunities in the future

Hydraulic is a popular project at present, because the market demand is strong, and the prospect is broad, and the development is getting better and better.