Low voltage circuit breaker accessories are one of the important components in power distribution and power consumption in the power system, so power has also become one of the important application fields of China's low-voltage circuit breaker industry. Its demand, power grid construction investment and new power generation equipment demand all affect the market demand trend of low-voltage circuit breaker.

According to the report on the development trend research and future prospect analysis of China's low voltage circuit breaker accessories industry (2022-2029) released by Guanyan report network, the power consumption of the whole society in China maintained a rapid growth from 2016 to 2021, and the investment scale of power engineering showed a rising trend. According to the data of the National Bureau of statistics, in 2021, the power consumption of China's whole society was 8312.8 billion kwh, a year-on-year increase of 10.3%; The investment in power engineering construction of major power generation enterprises completed 553 billion yuan, a year-on-year increase of 4.5%; The installed capacity of power generation was about 2.38 billion kw, a year-on-year increase of 7.9%.