China's industrial equipment industry

In the past decade, China's industrial equipment industry has undergone a profound transformation from scale expansion to quality improvement. Driven by policies such as 'Made in China 2025' and '14th Five Year Plan for the Development of Intelligent Manufacturing', the industry has formed a dual empowerment pattern of 'policy dividends+technology integration'. The market size of electronic assembly equipment will increase from 36.34 billion yuan to 159.04 billion yuan from 2015 to 2025, with a compound annual growth rate of 16%; The market size of industrial robots is expected to reach 46.7 billion yuan by 2024, and is expected to exceed 60 billion yuan by 2026; The smart device industry will grow from 513.3 billion yuan to 1715.7 billion yuan from 2018 to 2024, with a compound annual growth rate of 22.28%. At the technical level, we have achieved a leap from 'following and running' to 'running in parallel'. Technologies such as digital twins, AI algorithms, and the Internet of Things have been deeply integrated into the entire lifecycle of devices, and operations have moved from 'passive maintenance' to 'active optimization'. By 2025, the global shipment volume of lithium battery equipment will account for 82.8%, and core equipment such as metallurgy and machine tools will achieve comprehensive mid-range self-reliance. The industry is shifting from single device manufacturing to the construction of an 'equipment+service' ecosystem, with high-end, intelligent, green, and service-oriented collaborative development becoming a new paradigm, providing core equipment support for the development of new quality productivity.