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In recent years, a large number of new enterprises have entered the low-end instrumentation product market, impacting the original enterprise products in terms of scale and cost. Well-known domestic instrumentation manufacturers have introduced technology development and introduction, optimized capital structure, expanded business scope, and increased cooperation with foreign companies. The cooperation of well-known companies has been strengthened, the market competition situation has become more intense, and the product price level and gross profit margin have shown a downward trend as a whole.
Digital control system installations and complete sets of projects are greatly affected by the volatility of industry policy regulation. The thermal power and nuclear power business areas, foreign large-scale instrumentation manufacturers, occupy the high-end market through technical and product advantages, and implement a full range of industry solutions. Competition is getting fierce.
In this industry competition pattern, industry solutions and new technology applications are an inevitable trend of development. Technology applications will be more closely integrated with users’ individual needs, business management, and economic benefits. Enterprises must develop high-end products, improve product technology and brand, improve management levels, reduce costs, and at the same time strive to provide industry solutions that are closely integrated with users' individual needs, expand application areas, and strive to improve product service content.
