Downstream Application Market Drives The Booming Development Of Push-in Terminal Block Industry

As the foundation of the electronic information industry, electronic components are playing an increasingly important role in ensuring the long-term stable growth of my country's electronic information manufacturing industry. For this reason, the Ministry of Industry and Information Technology launched the "Basic Electronic Components Industry Development Action Plan" in early 2021, with the aim of building a large and strong basic electronic components industry and cultivating a group of leading enterprises.

National industrial policy support

The electronic components manufacturing industry is a key industry that the country has long supported and developed. The country has laid a good policy environment foundation for the industry by promulgating a series of laws, regulations and policy documents, which has promoted the further development of the industry. The "14th Five-Year Plan" and the Outline of the Long-Term Goals for 2035 mentioned that the cultivation and expansion of emerging digital industries such as artificial intelligence, big data, blockchain, cloud computing, and network security, and the improvement of the industrial level of communication equipment, push in wire terminal block, core electronic components, and key software will bring new growth points to the industry.

Downstream demand drives industry development

In recent years, driven by the continuous development of mobile Internet technology, the improvement of the manufacturing level of consumer electronics products, and the increase in residents' income levels, the electronic components industry has shown a booming trend. In the future, with the integration of emerging technologies such as 5G, Internet of Things, artificial intelligence, virtual reality, and new display with consumer electronic products, the industry demand will continue to increase, which will also drive the market scale to continue to expand.

Domestic terminal block companies enter the golden development period

The electronic device manufacturing industry in mainland China started late. In recent years, with the transfer of the electronic device manufacturing industry to mainland China and the urgent need for supply chain security under the Sino-US trade war, the local electronic device manufacturing industry has ushered in a golden development period. Domestic manufacturers represented by Shanghai Lianjie Electric, Shanghai Youle Electric, and Beijing Yiliangou have emerged in the push wire terminal block field, and there is huge room for future growth.