ADD: Zhongyuan University of Technology (Longhu District) Science Park, Zhengzgou, HENAN
2017 China Refrigeration and Air Conditioning Equipment Industry Development and Trends
1. Position and classification of refrigeration and air-conditioning equipment in the industrial chain
(1) Position and Classification of Cold Chain Equipment in the Industry Chain
Cold chain equipment is the most core part of the cold chain industry. Specific cold chain equipment corresponds to specific cold chain links. The cold chain industry consists of three major links: production and storage, refrigerated transport and distribution, and sales terminals. Each link must be equipped with appropriate refrigeration equipment and quality monitoring and management systems.
Commercial display cabinets, medical refrigerators, and cold storages belong to the terminal refrigeration equipment in cold chain equipment. The refrigerating truck refrigeration unit belongs to the transport refrigeration equipment in the cold chain equipment. The existing products cover all aspects of the cold chain in the whole process, mainly focusing on cold. Chain transport distribution and sales terminal links.
(2) Location and Classification of Bus Air Conditioners in the Industry Chain
The passenger car air conditioning system is a device that realizes the cooling, heating, ventilation and air purification of the air in the compartment and has four basic functions of cooling, heating, ventilation, dehumidification and air purification. The upstream industries of the passenger car air-conditioning industry are copper and aluminum and other raw materials, expansion valves, piping, evaporators, condensers, liquid storage dryers, and air-conditioning compressors. The downstream industry is the passenger car industry. The prices of metal raw materials such as copper and aluminum, compressors, and generators have a greater impact on the cost of passenger car air conditioners, which accounts for a greater proportion of production costs. The development of the tourist bus industry will directly drive the development of the passenger car air-conditioning industry.
Commercial display cabinet process flow chart
Passenger car air conditioners can be classified into independent air conditioners and non-independent air conditioners according to driving methods. At present, the products mainly consist of non-independent passenger car air conditioners for large and medium-sized passenger cars, while passenger car air-conditioner integration services mainly use stand-alone passenger car air conditioners.
2. Development and trends of refrigeration and air-conditioning equipment industry
China's refrigeration and air-conditioning equipment manufacturing industry has maintained rapid growth in recent years. The industry's market size in 2014 was 266.2 billion yuan, with an average annual compound growth rate of 19.77%, of which 14.47% year-on-year in 2014.
Refrigeration and air-conditioning equipment manufacturing income
In 2015, the share of cold chain equipment in the industry is about 15%, the market size in 2015 is about 45.5 billion yuan, and will maintain a growth rate of about 10% in the next 3 years; the proportion of automotive air conditioners in the industry is 14%, 2015 The annual market size is about 42.5 billion yuan. The passenger car air-conditioning industry has maintained a relatively stable growth in recent years. In 2015, the passenger car air-conditioning market applicable to large and medium-sized buses was approximately RMB 4.5 billion.
(1) Overview and Trend of Cold Chain Equipment Industry Development
The cold chain equipment industry is closely related to the development of the cold chain industry. Cold chain logistics is mainly used in food (including agricultural products), medicine, chemical industry, electronics and other fields, in which food cold chain, pharmaceutical cold chain accounted for relatively large. Compared with developed countries, the development of cold-chain logistics in China is still in its infancy, which is particularly manifested in the low refrigerated transport rate, high corruption rate of agricultural products, and imperfect cold-chain infrastructure. As the cold chain business model has gradually matured, the market size of cold chain services in China has continued to expand in recent years. The average annual growth rate of the cold chain market from 2011 to 2013 was 24.30%. According to Roland Berger’s forecast, China’s cold-chain logistics industry will maintain an average annual growth of 25% in the future, driven by macroeconomic policies and market demand, and the market size will reach RMB470 billion and RMB580 billion by 2017-2018. The rapid development of cold chain logistics in China has driven the rapid development of the supporting cold chain equipment industry.
(2) Development and trends of passenger car air-conditioning equipment industry
Benefiting from the continuous growth of China's economy, marked improvement in highway infrastructure, and significant improvement in urban construction and public transport service levels, the passenger car market in China has grown steadily. At the same time, the growth of new energy buses, school buses and coaches has become more apparent in recent years. According to data from the China Association of Automobile Manufacturers, China's passenger car production increased from 263,600 units in 2005 to 593,400 units in 2015, with an average annual compound growth rate of 7.65%. The steady growth of the passenger car market has driven the continuous and steady growth of the demand for passenger car air-conditioning products. In addition, there is a demand for replacement and maintenance of larger passenger car ownership. It is expected that the passenger car air-conditioning industry will maintain a certain growth rate in the future.
Production and sales of passenger cars in China from 2005 to 2015
The development of passenger car air conditioning is synchronized with the development of the passenger car industry. The improvement of engine efficiency, the popularity of intelligent CAN communication, the use of pure electric vehicles, hybrid power transmissions and other new components have led to constant innovation in the characteristics of air conditioning systems. In recent years, passenger car air-conditioners have been developing in an environment-friendly and efficient manner, reducing weight, reducing noise, making operation and maintenance easy and safe and reliable.
3, the development of market segments and trends
At present, the business of cold chain equipment is mainly concentrated in the field of food cold chain, and it is gradually expanding into the field of pharmaceutical cold chain. The passenger car air-conditioning business is mainly concentrated in the transportation industry of passenger car manufacturing, bus companies, and passenger transportation companies.
(1) Commercial Display Cabinet Series
As the main product of the issuer, the commercial display cabinet belongs to the terminal refrigeration equipment of the cold chain industry and is a sales terminal widely used in the fast-moving consumer goods industries such as dairy products, quick-frozen foods, and cold-fresh foods.
There are obvious differences in functionality between commercial display cabinets and ordinary household refrigerators and freezers. Commercial display cabinets not only have more specialized functions of food freezing and refrigerating, but also serve as important carriers for image promotion and product display of food manufacturers. An important channel for sales. Therefore, the commercial display cabinet product is a kind of customized and differentiated cold chain end equipment, and its market size is directly related to the national consumer demand and the channel promotion of the FMCG manufacturers.
The market size of commercial display cabinets in China has expanded with the rapid development of the cold chain market. Between 2012 and 2014, the demand for commercial display cabinets in China has increased rapidly, and the annual growth rate has exceeded 10%. In 2014, the demand for commercial display cabinets in China was 2.21 million units/year, and the annual growth rate exceeded 14%.
China Commercial Showcase Scale and Forecast
With the continuous and steady improvement of the urbanization rate in China, the continuous increase in the level of per capita income, the changes in the concept and habits of residents, the increase in the demand for food safety and the support of the state policy, the market size of commercial display cabinets in China will continue to maintain rapid Growth trend. According to the market scale and forecast released by the China Federation of Logistics and Purchasing Federation's Cold Chain Logistics Professional Committee, the CAGR of China's commercial display cabinets will be 15.68% during 2015-2019.
(2) Refrigeration truck refrigeration unit and integration
The development of the refrigerating truck refrigeration unit market depends on the development of the refrigerated truck market. The refrigerated transport methods in China mainly include roads, railways, aviation and waterways, of which mainly refrigerated road transport.
The refrigerated transport link is the key link of cold chain logistics. The rapid development of the cold chain must involve a large number of refrigerated trucks.
According to the data from the China Automotive Technology and Research Center, the sales volume of highway refrigerated trucks in China was only 3,893 units in 2000. By 2014, the sales volume was 20,700 units, which has increased by 5 times in 15 years. In 2013 and 2014, the sales growth of China's highway refrigerated trucks was 63% and 45% respectively, maintaining a rapid growth.
China's highway refrigerated truck sales and growth
There are many factors that affect the supply and demand situation of highway refrigerated trucks, among which the more pertinent factors are perishable food production, vehicle sales, road freight turnover, household refrigerator output, GDP, and the entire society's fixed investment. In 2020, the sales of refrigerated trucks in China will reach 27,649 units. According to a road refrigerated truck equipped with a refrigerating truck refrigeration unit, the average price of refrigeration units is estimated at 30,000 yuan. The market demand and market size of refrigeration refrigerating units in China in the next five years are as follows:
The company's passenger car air-conditioning and air-conditioning integration is mainly used in large and medium-sized passenger cars of 6-14 meters. China's large and medium-sized passenger vehicles have generally shown an increasing trend. Sales volume has maintained double-digit growth before 2010. After 2010, the sales growth rate has dropped to single digits. According to statistics from Wind Information and China Association of Automobile Manufacturers, the sales volume of large and medium-sized buses in China was 40,800 in 2005, and the sales volume in 2015 was 146,600, with an average annual compound growth rate of 31.03%.
Sales and Growth Rate of Large and Medium Buses in China, 2005-2015
The bus industry in the future, especially large and medium-sized buses, will still maintain a certain growth rate. The main growth drivers or driving factors are:
1 The rapid growth of new energy buses. According to data from the China Association of Automobile Manufacturers, the output of new energy passenger cars in China in 2014 and 2015 were 27,203 and 120,610 respectively. In January-November 2016, affected by factors such as the subsidy policy not yet landed, the growth rate of new energy passenger cars dropped significantly, but the sales volume still reached 95,341 units, an increase of 8.90% over the same period of last year.
2 The development of the school bus market. In recent years, the demand for school buses has rapidly increased. At present, there are nearly 700 cities in China. According to the demand for 100 school buses in each city, the total annual demand is close to 70,000 vehicles, and the growth space is still huge.
3 The development of the bus market. With the advancement of the public transportation strategy in the first and second-tier cities in China, the bus market continues to grow steadily. In 2015, the Ministry of Transport, the Ministry of Finance, and the Ministry of Industry and Information Technology jointly issued the “Measures for the Assessment of Popularization and Application of New Energy Buses (for Trial Implementation)”, which clearly stipulates the new energy sources for new and changed buses in various provinces and cities from 2015 to 2019. The proportion of buses. The new energy trends and policy dividends of buses have provided huge opportunities for passenger car development.
The sales volume of large and medium-sized passenger vehicles will grow steadily, which will effectively promote the development of large and medium-sized passenger car air-conditioner and passenger car parts markets. In 2015, the scale of China's large and medium-sized passenger car air-conditioning market will be approximately 4.5 billion yuan.
(4) Other refrigeration equipment
Other refrigeration equipment produced mainly includes cool boxes for medicine, cool cabinets, and medical cold storage. Medical cold chain equipment is mainly used in the production, transportation, storage and use of pharmaceutical cold chain logistics, and its development depends mainly on the development of pharmaceutical cold chain logistics market. Since the country strengthened its control over the pharmaceutical industry in 2011, the compound annual growth rate of the domestic market for frozen pharmaceuticals has been approximately 15%, and the pharmaceutical cold chain logistics scale has accordingly grown rapidly.
The rapid growth of pharmaceutical cold-chain logistics has brought about the demand for medical cold-chain equipment. The self-developed pharmaceutical cool boxes, cool cabinets and medical cold storage products have been put on the market. At present, the medical cold chain equipment has a small share of revenue, but it will continue to grow in the future.
4, the degree of marketization and competition in the industry
(1) Marketization degree and competition pattern of cold chain equipment industry
Cold chain equipment industry has a higher degree of marketization. Market participants mainly use foreign-funded enterprises and private enterprises. The market competition is fierce and the industry concentration is relatively low. There is no large-scale monopoly enterprise. White-goods manufacturers usually set up independent business units or engage in cold-chain equipment business operations. Their business is mostly concentrated in one or several sub-sectors such as cold drinks, frozen foods, and dairy products.
(2) Marketization degree and competition pattern of passenger car air-conditioning industry
At present, there are many domestic passenger car air-conditioning companies, but there is a big difference between product categories and customer types, which are mainly divided into air-conditioning production companies affiliated to passenger car factories and independent passenger car air-conditioning production enterprises. Passenger car company subordinate enterprises such as Zhengzhou Colin Automotive Air Conditioning Co., Ltd., Suzhou Xin Tongchuang Automotive Air Conditioning Co., Ltd., etc., can obtain relatively stable orders from their affiliated passenger car factories, occupying a certain market share in the entire passenger car air-conditioning industry, but also It is difficult to obtain orders from other bus manufacturers.
Currently, the large-scale independent passenger car air-conditioner production enterprises on the market are mainly Shanghai Songzhi Air Conditioning Co., Ltd. and Guangzhou Lean Auto Air Conditioning Co., Ltd., which mainly rely on R&D strength, cost advantage, product quality, and after-sales service to gain market share in the competition.
With the intensification of the competition in the passenger car market, the concentration of passenger car air-conditioning industry is constantly increasing, and the competition in the passenger car air-conditioning market has intensified. The development trend of passenger car air-conditioning companies is specialized and large-scale. Independent passenger car air-conditioning production enterprises are more likely to gain competitive advantage by virtue of their technological advantages and scale advantages.
2017 Global Cold Chain Summit opens in Dalian