Power fittings, as key metal accessories connecting and assembling various devices in a power system, primarily function to transmit mechanical and electrical loads and provide some form of protection. Power fittings are diverse, including but not limited to clamps, grounding wires, protectors, and relays, and are widely used in power supply equipment and electrical equipment industries, playing an indispensable role in ensuring the stable operation of power systems.
Currently, China's power fittings industry is in a phase of rapid development. With the continuous investment of the state in power infrastructure construction and the rapid development of new energy and smart grids, the power fittings industry has ushered in unprecedented development opportunities. At the same time, market competition is becoming increasingly fierce, and the trend of industry consolidation and mergers and acquisitions is gradually emerging.