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The market for GRCS perform before and after the COVID-19

The market for GRCS perform before and after the COVID-19

Jun. 30,2020

In the age of the Internet of Things, we are no stranger to sensors. With the rapid development of the Internet of Things industry, the sensor category has been gradually enriched, including pressure sensors, temperature sensors, force sensors, gas sensors, flow sensors and position sensors.Nowadays, the application of sensors has been widely penetrated into industrial production, automobile electronics, medical devices, environmental protection, biological engineering and other fields. It can easily obtain accurate data and information, and has become one of the important infrastructures for the construction of digital and intelligent society.

According to the survey data, in 2019, the size of China's sensor market reached 218.88 billion yuan, and it is expected that by 2021, the market size will reach 295.18 billion yuan, maintaining a rapid growth rate of 17.6%.With the overall performance of the sensor market improving, how will the overall performance of the general position sensor market show up?


2019:Down

Position sensors, used to detect the location of objects under test, are widely used in OEM and downstream industries in project markets.Market research found that in 2019, due to the impact of the macroeconomic environment, the general position sensor market overall decline significantly, and the performance of downstream industry differentiation.The details are as follows:


The OEM market as a whole declined significantly

OEM accounts for more than 85% of the overall market demand for general location sensors.In 2019, due to the weak demand of downstream industries and the bottleneck of intelligence-related demand, coupled with the relatively high volume of OEM industry in the past two years, most OF the OEM industry showed a decline in varying degrees.In the major OEM industries, except elevator, lifting machinery and construction machinery industries, all showed varying degrees of shrinkage, and the overall market demand for general position sensors declined significantly.

From the perspective of OEM industry segments, wind power, medical equipment, mining machinery, and transportation vehicles are driven by policies, while lifting machinery, HVAC, elevator, and construction machinery are driven by infrastructure and real estate. The market demand trend is good, while other industries show different degrees of decline.


Project market performance is stable

Thanks to environmental protection and relevant national policies, the overall performance of the project-based market is stable.In addition to the shrinking market demand of electric power, paper industry and automobile industry, the demand for general position sensors in other industries keeps increasing, among which the metallurgical and petrochemical industries realize high-speed growth.

2020: Seek stability

In the short term, in 2020, due to the impact of the epidemic, China's economy experienced a cold winter of the first quarter, which had a negative impact on the real economy. The second quarter may still be affected by the follow-up effects of the first quarter, and the recovery will be slow.It is expected that industrial economic development will stabilize and pick up in the second half of this year, and the general position sensor for the whole year may show a flat or slight growth trend.

In the first half of 2020, the OEM market as a whole declined. In the post-epidemic era, under the condition that the global epidemic control situation is good, the electronic manufacturing, medical equipment, logistics and other industries in OEM subsectors may embrace development opportunities, and the market for general location sensors will probably maintain a relatively stable growth trend.In the second half of the year, the OEM industry as a whole is expected to achieve a slight growth, driven by the efficient implementation of policies.

Due to the impact of the epidemic, the automobile industry will remain sluggish in the first half of 2020, while metallurgy, petrochemical, electric power and other industries show a slight decline. The market trend in the second half of the year will still be affected by policies.Overall, the overall performance of the project-based market has limited pull on the demand for universal location sensors.


Long-term trend: positive

In the long run, the general position sensor has a broad prospect as a widely used detection product.Thanks to the growing demand for location sensors in industrial equipment, automotive systems and medical equipment, it is expected that location sensors will become one of the key growth markets in the sensor sector.

The supply-side reform in the downstream traditional industries has begun to show results. With the obvious growth of industry demand and the increase of intelligent demand in THE OEM industry, the proportion of intelligent equipment will steadily increase in the future.

Industrial upgrading brought by intelligent manufacturing greatly reduces the demand for manpower. With the improvement of automation, general position sensors, as important feedback components, play an important role in the process of process mechanization.

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