Increasing Innovation Efforts To Usher In Domestic Substitution For The Bimetallic Terminal Industry
At the beginning of 2022, my country's "Science and Technology Progress Law" was officially implemented, taking independent innovation as my country's strategic basis, emphasizing the dominant position of enterprise technological innovation, and mobilizing and protecting the enthusiasm of scientific and technological personnel for innovation and other multi-faceted planning and efforts, providing important legal guarantees for the development of science and technology in the new era and the scientific and technological progress of the whole society.
In the modern industrial chain, from product basic components to the research, experiment, debugging, inspection and application of the whole machine, all links need to use bimetallic lugs connectors for assistance. Almost all manufacturing companies have the potential to become customers of bi metal cable lug service providers, and the terminal block industry will also be a veritable "blue ocean" market.
Benefiting from economic growth and the improvement of industrial technology level, the global bi metal lugs connectors market size has maintained a continuous upward growth trend. In particular, digital bi metallic cable lugs instruments based on digital/analog conversion links have developed rapidly. With the rapid development and maturity of computers, communications, software, new materials, and new technologies, the intelligent and networked features of bimetal cable lug instruments are highlighted.
At the same time, with the strong support of our country's policies and the rapid development of new downstream industries, our country's bimetal terminal lug market has also developed rapidly in recent years. However, looking at the domestic and foreign markets, the international bimetallic lugs price industry giants mainly include Phoenix, Weidmuller, etc., whose bimetallic lugs price list types are relatively complete or product performance is outstanding, occupying most of the market for high-end products. In recent years, due to the continuous constraints of external factors on the development of domestic upstream core technologies, the development of key domestic scientific and technological fields has been frequently hindered. Among them, cable lug bimetal, as a basic and strategic emerging industry in my country, it is imperative to break the monopoly of overseas giants and narrow the gap with Europe and the United States.
As a national basic and strategic industry, in recent years, the State Council and relevant ministries and commissions such as the Development and Reform Commission and the Ministry of Industry and Information Technology have successively issued a number of specific industrial policies to encourage and support the development of the terminal block industry. In addition, domestic enterprises have strong expectations for independent and controllable demand and policy support, and the "stuck neck" problem has been frequently named and valued by the top level, which will further accelerate the import substitution of domestic products in the field of core technology of terminal blocks.
