Terminal blocks production of labour-intensive, General Terminal early industries in developed countries shift to low labor cost manufacturing countries such as China, the early wave of companies, mostly foreign-funded enterprises or their OEM enterprise and terminal degree of internationalization of the industry is improving.
In terms of markets, the early automation level is generally low, and major industry of real intelligence, automation to weaker demand, Terminal products market is dominated by export demand. The past 10 years, China's telecommunications, automotive, industrial, home appliances and other major terminals consumer industry in the rapid development, fueling demand for domestic terminal industry, and greatly reduces the export-dependent characteristics of terminals, terminal business in China's exports account for more than a decade ago level of around 50% to 30%.
Terminal industry in China a small decrease in the number of exports, but growth in exports, suggesting improved added value of export terminals, Terminal export share significantly increased with high added value, and in some areas have been gradually replacing imported products. According to analysis, the traditional electrical terminal blocks will still maintain a growth rate of not less than 7%-8%, solid state terminal growth rate will be closer to 15% and special terminals at a rate of more than 20% the rapid development. Terminal industry in China from the "manufacturing power" to "creating power" and the pace of change will accelerate, from exports to keep up domestic demand and exports will become increasingly prominent, especially high-end products to capture increased, domestic consumption trends will become clearer.
And at the same time, on the domestic and international terminals business is highly competitive, and product homogenization of serious, there have been companies because of quality problems, credit problems, low technology content of products and technological backwardness was quickly knocked out of the Terminal market. In this era of knowledge explosion and disorderly competition of economy and technology, only in terms of technical knowledge of science and technology innovation, companies can keep pace in the competition.