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In recent years, the global power market has shown a steady growth trend, and the domestic power industry will also welcome a new round of development opportunities with the emergence of emerging business opportunities such as clean energy. According to relevant data, the sustained and stable development of the domestic economy has created a favorable environment for the power supply industry chain. It is expected that the size of China's power supply market will increase to 540 billion yuan by 2025, and the CAGR from 2021 to 2025 will reach 11%.
Switching power supply, power adapter, fast charging power supply, energy storage power supply, lighting power supply, uninterruptible power supply (UPS), inverter power supply, module power supply, frequency converter, and special power supply are widely used in power supply products. With the rapid development of industries such as aerospace, cloud computing, Internet of Things, big data, and LED lighting, distributed photovoltaic, energy storage, wind energy, charging piles, new energy vehicles, industrial control The prosperity and innovation of downstream power application markets such as rail transit, consumer electronics, healthcare, and financial data centers will inject strong development momentum into China's power industry.