1. market size

Metallurgical special equipment manufacturing industry refers to the equipment enterprises specialized in the production of ironmaking, steelmaking, casting and other fields in the metallurgical industry. Metallurgical equipment manufacturing industry is one of the important equipment manufacturing industries in China, which plays an important role in promoting the development of iron and steel and non-ferrous metal industries.

According to data from the Champ Consulting Group,2018The scale of China's metallurgical special equipment manufacturing industry reached1.4Trillion yuan, year-on-year growth21.4%。2019Affected by trade wars and price wars, as well as capacity adjustments and environmental governance in the steel and non-ferrous metals industries, the size of the metallurgical special equipment manufacturing industry declined894.9Billions of yuan, down year-on-year6%。2020Affected by the new crown epidemic in 2012, the scale of the metallurgical special equipment manufacturing industry declined further.832.7Billions of yuan, down year-on-year6.9%。

In 2021, with the steady progress of epidemic prevention and control and economic recovery, as well as the recovery of demand and technological transformation in the steel and non-ferrous metal industries, the scale of the metallurgical special equipment manufacturing industry began to resume growth, reaching1.2Trillion yuan, year-on-year growth44.2%. With the continuous improvement of the economic situation at home and abroad, as well as the expansion of production capacity, technological upgrading and environmental protection transformation of the steel and non-ferrous metal industries,2022The scale of metallurgical special equipment manufacturing industry further increased1.4Trillion yuan, year-on-year growth16.7%。2023It is expected that with the in-depth implementation of China's industrial power strategy, as well as the high-quality development and green transformation of the steel and non-ferrous metal industries, the scale of metallurgical special equipment manufacturing industry will reach1.6Trillion yuan, year-on-year growth14.3%。

2. market demand

The market demand of metallurgical special equipment manufacturing industry mainly comes from the expansion of production capacity, technological upgrading and environmental protection transformation of steel and non-ferrous metal industries.

（1) Capacity Expansion

Iron and steel and non-ferrous metal industries are important basic industries and strategic industries in China, which play an important supporting role in national economic and social development. With the development of China's urbanization, infrastructure construction, industrialization, new energy vehicles and other fields, the demand for steel and non-ferrous metals will maintain steady growth. According to data from the Champ Consulting Group,2022China's crude steel production reached 10.18billion tons, accounting for 54.2 per cent of the global totalFirst in the world.. China's non-ferrous metal production is 6.79billion tons, accounting for 45.7 per cent of the global totalIt is also the world's largest producer of non-ferrous metals.. expected2023By the end of the year, China's steel production will reach10.5Billion tons, year-on-year growth9.4%China's non-ferrous metal production will reach7.2Billion tons, year-on-year growth22%. This will lead to increased demand for metallurgical equipment.

（21) Technical upgrade

The steel and non-ferrous metal industries are technology-intensive industries, and the improvement of technology will directly affect product quality, production efficiency and cost control. With the transformation of China from an industrial power to an industrial power, the iron and steel and non-ferrous metal industries need to speed up technological innovation, transformation and upgrading, and improve the added value and competitiveness of products. This requires metallurgical equipment manufacturers to provide more advanced, more efficient, more energy-saving, more environmentally friendly equipment and technology to meet the personalized and diversified needs of downstream customers.

（31) Environmental Protection Transformation

The steel and non-ferrous metal industries are high energy-consuming and high-emission industries, facing severe energy-saving, emission-reduction and carbon-neutral pressures. According to the China Carbon Peak Action Plan (2021-2030Year) "and other relevant policy documents, the steel industry should be in.2025carbon peaking years ago, and in2030Achieve a decline in total carbon emissions years ago30%Above. This requires iron and steel enterprises to increase investment in environmental protection, promote clean production, recycling, comprehensive utilization of waste and other measures to reduce energy consumption and emissions. This also provides new market opportunities for metallurgical equipment manufacturers, especially in green environmental protection equipment and technology.

3. market competition

The existing market competition in the metallurgical special equipment manufacturing industry is relatively sufficient, forming a three-legged competition pattern of state-owned enterprises, private enterprises and foreign-funded enterprises.

（1) State-owned enterprises

State-owned enterprises are the main force in the metallurgical equipment manufacturing industry, with strong financial strength, technology accumulation, brand influence and market share. Representative state-owned enterprises are China Metallurgical Group, Anshan Iron and Steel Group, Shagang Group and so on.

（2) Private Enterprises

Private enterprises are the source of vitality of metallurgical special equipment manufacturing industry, with strong innovation ability, flexibility and market adaptability. Representative private enterprises include Jiangsu Shagang Group, Jiangsu Dingsheng Machinery, Shandong Yinhe Machinery, etc. These enterprises are mainly engaged in the production and sales of low-end equipment, with price advantages and service advantages to occupy a certain market share. At the same time, some private enterprises are also actively marching into the field of high-end equipment, improving product quality and technical level through technology introduction, cooperative development, and independent research and development.

（3) Foreign-funded enterprises

Foreign-funded enterprises are the challengers of metallurgical special equipment manufacturing industry, with strong technical advantages, brand advantages and international market channels. Representative foreign-funded enterprises include Siemens,SMSGroup, Danieli et al. These enterprises are mainly engaged in the production and sales of high-end equipment, with leading technology and brand reputation to win the favor of customers. At the same time, some foreign-funded enterprises are also increasing their investment in the Chinese market, through the establishment of joint ventures, R & D centers, service centers and other ways to enhance localization capabilities and market share.

Generally speaking, the market competition of metallurgical special equipment manufacturing industry presents the characteristics of diversification and differentiation. Different types of enterprises have their own advantages and disadvantages, compete with each other, cooperate with each other, and jointly promote the development of the industry.

4. market trends

The market trend of metallurgical special equipment manufacturing industry is mainly manifested in three aspects: intelligence, greening and internationalization.

（11) Intelligent

Intelligence is an important development direction of metallurgical special equipment manufacturing industry, and it is also a key factor to improve the competitiveness and efficiency of the industry. Intelligence includes intelligent manufacturing, intelligent management, intelligent service and other aspects. It aims to realize the functions of independent learning, adaptive adjustment, self-diagnosis and self-repair of equipment through digital, networked, automated and other technical means, improve the reliability, safety and efficiency of equipment, and reduce the operating cost and maintenance cost of equipment. Shangpu Consulting Group believes that with the continuous development and application of artificial intelligence, Internet of Things, big data, cloud computing and other technologies, the metallurgical equipment manufacturing industry will usher in new opportunities for intelligent transformation and upgrading.

（2) Green

Greening is the inevitable choice of metallurgical equipment manufacturing industry, and it is also an effective way to deal with the challenges of energy saving, emission reduction and carbon neutrality. Greening includes energy saving and emission reduction, clean production, recycling and other aspects. It aims to achieve the goals of low carbonization, environmental protection and resource utilization of equipment by using new materials, new processes and new technologies, so as to reduce the negative impact of equipment on the environment and improve the utilization efficiency of equipment on resources. Shangpu Consulting Group believes that with the country's continuous strengthening and implementation of environmental protection and carbon neutralization goals, the metallurgical equipment manufacturing industry will usher in new requirements for green transformation and upgrading.

（3) Internationalization

Internationalization is an important goal of metallurgical equipment manufacturing industry, and it is also an effective way to expand market space and enhance brand influence. Internationalization includes export trade, overseas investment, international cooperation and other aspects. It aims to improve the quality and technical level of products, increase the market share and income sources of products, and enhance the anti risk ability and international competitiveness of enterprises by participating in the competition and cooperation in the international market. Shangpu Consulting Group believes that with the "Belt and Road" initiative and the in-depth advancement of the global industrial chain, the metallurgical equipment manufacturing industry will usher in new opportunities for international expansion and upgrading.

5. market prospects

The market prospect of metallurgical special equipment manufacturing industry is broad, and Shangpu Consulting expects2028The scale of China's metallurgical special equipment manufacturing industry will exceed2.5trillion yuan, with an average annual growth rate9.5%. The main reasons are the following:

（1) The demand of the steel and non-ferrous metal industries continues to grow, providing a stable market foundation for the metallurgical special equipment manufacturing industry.

（2) The state's support policy for the equipment manufacturing industry has been continuously strengthened, providing a good development environment for the metallurgical equipment manufacturing industry.

（3) The innovation ability of metallurgical special equipment manufacturing enterprises has been continuously improved, which provides a strong source of power for the metallurgical special equipment manufacturing industry.

（4) The intelligent, green and international level of metallurgical special equipment manufacturing industry has been continuously improved, which provides a broad development space for metallurgical special equipment manufacturing industry.

Shangpu Consulting believes that the metallurgical special equipment manufacturing industry is an important part of my country's equipment manufacturing industry, and it is of great significance to promote my country's transformation from an industrial power to an industrial power. Metallurgical special equipment manufacturing enterprises should seize the opportunity, meet the challenge, speed up the transformation and upgrading, improve the core competitiveness, and contribute to the high-quality development of China's iron and steel and non-ferrous metal industry.