Power plant equipment transformation domestic tools mixed

In recent years, the domestic power plant equipment industry has entered a period of development and adjustment. In the second half of the year, the industry gradually recovers, and market demand will rebound. As one of the industries closely related to the development of economic operation, this good news is a mixed blessing for tool suppliers who are interested in the power plant equipment industry.

The domestic market economy has maintained stability. Since August, orders for the domestic power plant equipment industry began to rebound. Compared with the first half of the year, there has been a large increase. In the international market, the markets in Southeast Asia and India will increase substantially, of which Vietnam plans to complete 240 within five years. With billions of dollars in investment, India also plans to increase the installed capacity of 146,500 MW within 5, and most of these equipment orders will be invested in China. Increased orders indirectly lead to more tool consumption.

The growth of orders will undoubtedly reinvigorate the production of turbines that already have excess capacity, and tool consumption will gradually increase. This is undoubtedly the best news for tool suppliers.

Although the production tasks of the major steam turbine companies once again become saturated, the “cost reduction and efficiency increase” measures taken during the economic downturn have not changed and relaxed. In the past year, steam turbine companies have benefited from the implementation of the “cost reduction and efficiency increase” measures. The measures to optimize tool management and procurement have not only continued to advance, but work on process optimization has also been carried out in an orderly manner. Unified management of the tool can significantly reduce inventory but also significantly reduce the number of tool orders.

Turbine companies' efforts to optimize tool selection not only put pressure on many high-end tool brands, although turbine tool optimization will also give them a lot of opportunities, and the competitive pressures faced by domestic tool suppliers are not easy. Holding pressure to seize the opportunity will be the domestic tool industry will face the problem.