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  • Sales of Electrical Product Industry in Yiwu Market is Rising

  • Source:Yiwu · China Commodity Index Author:Yiwu · China Commodity Index 2018-12-24
  •     The electrical product industry of Yiwu market is mainly located in Units 1 and 2 on the second floor of Section F, District II of International Trade Mart. There are a total of 386 business operators, who are mainly engaged in the trading of capacitors, lamps (LED), sockets, switches, electrical fittings and other products. These products are mainly exported to the Middle East and Africa.
        Intelligent electrical products have seized the market. With the improvement of people's living standard and the acceleration of life rhythm, the research and development cycle of intelligent products in electrical industry is shortened and the frequency of entering the market is faster and faster. In view of the new environmental protection regulations and standards of various countries, new environmental protection intelligent products are popular in the market, such as voice control sockets, dual charging sockets, WIFI sockets, conversion sockets, multi-functional dual USB sockets and other intelligent sockets. Sales of intelligent switches such as temperature control switches, remote control switches, voice control switches and timing voice control switches have increased significantly.
        Policy orientation has promoted the hot sale of energy-saving and environmental protection products, the industry shifted mass production to private customization. Environmental protection supervision, energy saving and consumption reduction have contributed to the increase of market sales of LED products and photovoltaic new energy plate. At present, the annual sales of LED products account for nearly 50% of the total annual sales of the electrical industry. In the future, C2B private customization will be a new bright spot in the electrical industry. Many traditional electrical enterprises will embark on the road from the public to the minority, introducing "sub-brands" in the field of subdivision to meet the needs of the market and consumers.