People in the industry believe that after experiencing a period of high growth of 10 years, the coal market in China is now approaching saturation, and the prelude to industry mergers and reorganizations is about to open.
According to the prediction of the Coal Machinery Industry Association, during the â€œ12th Five-Year Planâ€ period, the investment demand driven by the increase in new coal market demand, upgrading and transformation demand, and mechanization rate in China's coal machinery market reached RMB 125 billion, RMB 358.1 billion and RMB 31.8 billion, respectively. The total demand reached 514.9 billion yuan, and the compound annual growth rate reached 22%. The same number of coal-fired machine companies has been created by the huge market space. Song Qiu-shuang, chief engineer of China Coal Equipment Corporation, introduced that before 2000, the number of coal-fired machine enterprises in China was about 130. After more than 10 years of development, the number of coal-fired machine companies has increased to 1,000, an increase of 10 times.
Relevant experts pointed out that China's coal mining equipment still has a considerable gap compared with the world level, mainly reflected in product technology standards, design theory, core technologies, life and reliability, manufacturing processes and research.
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