[Wind Power] The patent of wind power carbon fiber is about to expire, while the application of the industrial chain is increasingly expanding.
It is reported that the wind power equipment giant Vestas’ core patent of carbon fiber for wind power blades, pultrusion process will expire on the 19th of this month. Several domestic enterprises, including Mingyang Intelligent, Sinoma Technology, and Time New Materials, have laid out carbon fiber pultrusion production lines, and the products are about to be introduced to the market. Data show that the global carbon fiber applied to wind power blades reached 33,000 tons in 2021 and is expected to reach 80,600 tons in 2025, at a CAGR of 25%. China’s carbon fiber required for wind power blades accounted for 68% of the global market.
Key Point: Thanks to the rapid growth of wind power installations under the background of global carbon neutrality and the increasing penetration of carbon fiber in large blades, wind blades will still be the main engine driving the growth of carbon fiber demand.
[Electric power] Virtual power plants have outstanding economic potential and substantial future market.
A virtual power plant (VPP) gathers all kinds of decentralized adjustable power supply and load by digital means, absorbing power storage and releasing power sales. Also, it matches energy resources through market supply and demand to improve the efficiency of power transmission and distribution. With the penetration of virtual power plants, the proportion of regulating load of virtual power plants is expected to reach 5% in 2030. CICC estimates that China’s virtual power plant industry is expected to reach a market scale of 132 billion yuan in 2030.
Key Point: State Power Rixin Tech turns to the interactive application system or platform of “’’prediction plus power trading/group control and adjustment/management of stored energy” and launches the intelligent operation and management system of virtual power plants. The company has landed two projects in Hebei and Shandong in this field.
[Consumer goods] As a 100 billion level area of opportunities, pet food sets off a wave of IPO.
Since the outbreak of the epidemic three years ago, the “pet economy” has retrograded, becoming an area of opportunities with the most apparent and stable growth and most favored by investment. In 2021, there were 58 financing events in the domestic pet industry. Among others, pet food is the largest market segment, characterized by frequent repurchase, low price sensitivity, and strong stickiness. The market size reached 48.2 billion yuan in 2021, and the compound annual growth rate in the recent five years reached 25%. Meanwhile, the low concentration of China’s pet food industry indicates an unsolidified competition pattern.
Key Point: At present, Petpal Pet Nutrition Technology, China Pet Foods, and Yiyi Hygiene Products have been listed on A-share. Luscious has been listed on the Beijing Stock Exchange shares in the North Exchange, and the e-commerce pet brand Boqii has been listed on the New York Stock Exchange in the United States. Other brands like Biregis, Care, and Gambol Pet Group are hitting the IPO.
[Auto parts] The incremental demand for automotive connectors expands the growth space, and the independent supply chain ushers in development opportunities.
With the accelerated penetration of new energy vehicles, the intelligent network is advancing rapidly, and higher demands are put forward for the information transmission rate and other performance of connectors. While the data transmission rate is gradually improved, it is also required to have high stability, anti-interference, high-temperature resistance, and other attributes. Some institutions predict that the preloading volume production of China’s high-speed connectors supporting passenger cars is expected to reach 13.5 billion yuan in 2025. The compound growth rate is expected to reach 19.8% in 2021-2025.
Key Point: Some local auto connector manufacturers in China have been recognized by the world’s leading auto companies, accounting for nearly one-third of the market. Auto connector manufacturers will usher in a prime period with policy support and the rise of new energy vehicles.
[Metallurgy] The newly installed capacity of solar-wind power drives transformers’ demand for grain-oriented silicon steel.
Grain-oriented silicon steel is widely used in transformers, photovoltaic, wind power, driving motors of new energy vehicles, and other fields. Among others, wind power and photovoltaic are expected to account for 78% of transformers’ increased grain-oriented silicon steel consumption in 2025. Due to barriers such as technology and patent protection, production capacity is concentrated in Asia, Europe, and the Americas. China’s core equipment of high-magnetic grain-oriented silicon steel relies on imports. With the construction of power grid transformation, new energy, high-speed rail, and data centers, the demand for grain-oriented silicon steel and transmission and distribution equipment will be further driven.
Key Points: Under the influence of the “’’double carbon” economy, the demand for energy-efficiency products is proliferating. It is estimated that during the 14th Five-Year Plan period, China will have 690,000 tons/year more of grain-oriented silicon steel production capacity, mainly in the field of high-magnetic grain-oriented silicon steel products. The delivery period will mainly be in 2024.
The above information is from open media and for reference only.
Post time: Aug-01-2022