n similar products of foreign companies in terms of structural design, quality control, power density, reliability and service life, and significantly promoting the Localized substitution and export of related reducer products.

2. The upstream and downstream situation of the reducer industry

Source: PricewaterhouseCoopers

(1) Status of upstream industries

The main raw materials required for the production of reducers include motors, castings, steel, forgings, bearings, etc. Therefore, the upstream industries of the reducer industry are mainly electrical machinery and equipment manufacturing, metal smelting and rolling processing industry and general equipment manufacturing. my country's electrical machinery and equipment manufacturing industry, metal smelting and rolling processing industry and general equipment manufacturing industry are mature, and the market supply of related products is relatively sufficient, but the market price fluctuations of raw materials such as iron and copper have a certain impact on the procurement cost of the reducer industry. .

(2) Situation of downstream industries

As one of the important basic components of the industrial transmission system, the reducer is widely used in metallurgy, chemical industry, environmental protection, energy, pharmaceutical, lifting, transportation, building materials, grain and oil, mining, logistics, textile, aerospace, marine equipment, construction machinery, etc. industry sector. At present, the main downstream industries of the reducer are as follows:

A. Metallurgical industry

Metallurgical products are important basic raw materials in the development of my country's national economy. The metallurgical industry has the characteristics of high industrial relevance and plays an important role in my country's economic and social development. At present, my country's economy has shifted from a high-speed growth stage to a high-quality development stage, and is in a critical period of transforming the development mode, optimizing the economic structure, and transforming the growth momentum. The economic situation and development environment faced by the metallurgical industry are undergoing major changes.

The metallurgical industry and its upstream mining industries of coal, ferrous metals, non-ferrous metals and other mineral resources use large-scale mining equipment, mineral processing equipment, conveying equipment, rolling equipment and other industrial equipment in the production process, such as continuous casting machines, large rolling mills, Bucket turbines, magnetic separation equipment, etc., and the transmission systems of such industrial equipment are usually equipped with reducer products as important basic components. Therefore, in the future, with the continuous strengthening of investment related to the adjustment and upgrading of my country's industrial structure, and the continuous expansion of the scale of metallurgy and related industries, the market demand for reducer products will usher in a relatively large and continuous increase.

B. Chemical industry

The chemical industry, especially the petrochemical industry, is an important pillar industry of the national economy. It has a wide product coverage, intensive capital and technology, and a high degree of industrial correlation. It plays an important role in stabilizing economic growth, improving people's lives, and ensuring national defense and security. Since the reform and opening up, the development of my country's petrochemical industry has made great progress, the output of main products ranks among the top in the world, and positive results have been achieved in scientific and technological innovation, energy conservation and emission reduction, and foreign cooperation.

The chemical industry uses industrial equipment such as mixing equipment, grinding equipment, and separation equipment on a large scale in the production process, and the transmission systems of such industrial equipment are usually equipped with reducer products as important basic components. Therefore, the transformation and upgrading of my country's petrochemical industry and other chemical industries in the future will drive the continuous expansion of the market demand for reducer products.

C. Environmental protection industry

The "Guiding Opinions on Accelerating the Establishment and Improvement of a Green, Low-Carbon and Circular Development Economic System" requires the promotion of industrial green upgrades and the implementation of green transformation in steel, petrochemical, chemical, non-ferrous, building materials, textile, paper, leather and other industries; strengthening recycling of renewable resources Use, accelerate the construction of a recycling system for waste materials, strengthen the recycling and utilization of renewable resources such as waste paper, waste plastics, waste tires, scrap metal, and waste glass, and improve the resource output rate and recycling rate. As one of the important basic components of industrial transmission system, reducer products are widely used in separation equipment, sorting equipment, crushing equipment, water treatment and solid waste treatment equipment and other related environmental protection equipment and recycling equipment.

D. Energy industry

my country's "14th Five-Year Plan for the National Economy and Outline of the Vision for 2035" proposes to implement the energy and resource security strategy, adhere to the domestic base, make up for shortcomings, provide multiple guarantees, strengthen reserves, improve the production, supply, storage and sales system, and enhance the continuous and stable supply of energy and Risk management and control capabilities, realize the safety of coal supply, rely on self-insurance for core oil and gas demand, and stable and reliable power supply. At the same time, it is necessary to strengthen strategic mineral resource planning and control, improve reserve security capabilities, and implement a new round of mineral prospecting breakthrough strategic actions.

At the same time, it is pointed out that a new pillar of the industrial system should be built, focusing on strategic emerging industries such as new generation information technology, biotechnology, new energy, new materials, high-end equipment, new energy vehicles, green environmental protection, aerospace, and marine equipment. The large-scale investment in my country's new energy vehicles and other related industries in the future will drive the market demand for reducer products to increase significantly.

E. Pharmaceutical industry

The "Healthy China 2030" Planning Outline requires to improve the development level of the pharmaceutical industry, develop professional pharmaceutical parks, support the formation of industrial alliances or consortia, build an innovation-driven, green, low-carbon, intelligent and efficient advanced manufacturing system, improve industrial concentration, strengthen Supply capacity of mid-to-high-end products, strive to achieve mid-to-high-speed development of the pharmaceutical industry and move towards mid-to-high end by 2030, and enter the ranks of the world's pharmaceutical powerhouses.

In the production process of APIs, intermediates and preparations, the pharmaceutical industry usually uses large-scale production equipment such as reaction kettles, grinders, centrifuges, filling machines, pill making machines, packaging machines, and reducers are such industrial equipment. One of the important basic components of the transmission system. Affected by factors such as the new crown epidemic, the scale of the pharmaceutical industry is expected to maintain rapid growth, and the demand for new and updated related production equipment is strong, which will bring greater market demand for reducer products.

3. Industry development challenges

In the global reducer field, international manufacturers represented by SEW, SIEMENS, BOSCH, etc. started early, with advanced technology and high market reputation, and have always maintained a high market share in the high-end reducer product market. With the continuous development of my country's manufacturing industry, downstream customers' requirements for the technical level of the reducer are also increasing. In addition to establishing sales channels in the domestic market, international manufacturers also invest in setting up production bases in China, which will bring certain competitive pressure to my country's local reducer manufacturers.

Although my country's reducer manufacturers have maintained a relatively high cost performance and a rapid technological catch-up speed, and have the strength to compete with international manufacturers to a certain extent, it still takes time objectively to reach the international advanced level in the field of high-end reducers. At present, my country's reducer industry is limited by factors such as high-end design analysis technology and insufficient scientific research in software, and the independent development capability of special high-precision reducer products is still relatively weak, such as high-power high-speed planetary transmission, high-end robot reducer and precision servo drive. Wait.

As the market's demand for reducers gradually develops towards high-end, the transformation and upgrading process of the reducer industry has accelerated. At the same time, the industry standards of my country's reducer industry are also constantly improving