Wafangdian Yongning Grate Manufacturing Co., Ltd.

YONGNING

NEWS CENTER

Future Development Forms of Boiler Accessories

Release Time:

Sep 21,2020

Description:  This year, due to the expiration of various consumption expansion policies and the sharp reduction in the scale of certain fixed asset investments, the pressure of domestic market shrinkage in some boiler accessory industries is rapidly increasing, and the pressure to expand into overseas boiler accessory markets is significantly rising. For most industries facing a shrinking domestic market and urgently needing to expand overseas, stabilizing and further developing the international market is something we can achieve.

       This year, due to the expiration of expanded consumption policies and the sharp reduction in the scale of certain fixed asset investments, the pressure of domestic market shrinkage in some boiler accessory industries is rapidly increasing, and the pressure to expand the overseas boiler accessory market is significantly rising. For most industries facing a shrinking domestic market and urgently needing to expand overseas markets, stabilizing and further developing the international market is something we can achieve.
　　In a country that practices an open economy and where domestic and international economic cycles are out of sync, choosing to focus on either the domestic or foreign market in response to the boiler accessory market situation is a necessary path for the survival and development of the passive component enterprises in the tradeable goods industry. When the overseas economy is severely depressed while the domestic market is relatively prosperous, the focus of market expansion should shift to the domestic market; when the domestic boiler accessory market slows down or the speed of capacity expansion exceeds the growth of the domestic market, the focus of market expansion for grate sales should shift to the overseas market. This year, due to the expiration of expanded consumption policies and the sharp reduction in the scale of certain fixed asset investments, the pressure of domestic boiler accessory market shrinkage in some industries is rapidly increasing, and the pressure to expand the overseas market for manhole devices is significantly rising. As these industries have mostly experienced significant capacity expansion in the previous years, the pressure is further amplified, which is quite evident in manufacturing sectors such as home appliances and boiler accessories.

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