First, white power output analysis in the past ten years:

From the analysis of color TV production in the past ten years, color TV production in 2014-2016 is in a continuous rise, mainly driven by the real estate market, from 155.42 million units in 2014 to 174.83 million units in 2016; The average annual growth rate from 2014 to 2016 was about 6%; In 2017, after the rapid growth in the previous years, the output fell slightly to 172.33 million units/year. In 2018, driven by the real estate market and color TV exports to Africa and other regions, color TV production increased significantly to more than 20,000 units, an increase of 8%. In 2020, due to the increase of home office due to the new coronavirus epidemic, TV production increased slightly, but the annual production of color TV from 19 to 2022 was basically maintained at 185-196.0 million units, and the overall increase was limited. It is expected that the annual production of color TV sets in the future will remain near 19000-18000 million units, and it is difficult to have a large room for growth, and it is expected that the future growth will be limited.

From 2014 to 2017, refrigerator production did not rise, and the annual output remained between 90 and 93 million units. In 2018-2019, due to the increase in refrigerator production in previous years, there was a decline, due to the decrease of 90 million units to about 80 million units, and since then, it has remained near 90 million units/year. It is expected that the future growth of refrigerator output is limited.

From 2014 to 2022, air conditioning production has maintained an upward trend, rising from 157.16 million units in 2014 to 218.66 million units in 2019, with an average annual growth rate of 6.8%; In 2020, due to the impact of the new coronavirus epidemic, the output has declined slightly, but the air conditioning output continues to increase slightly in 2021-2022, but the era of rapid growth of air conditioning output has passed, and the annual output is expected to remain near 200,000 units in the future, and the overall increase is limited.

Summary: In the recent 10 years white electricity market output analysis, white electricity production of high-speed growth era has passed, and home appliances belong to consumable products. In recent years and the future, with the downturn in the real estate market and the flagging end demand market, the white electricity market is expected to maintain a low growth or decline trend in the future.