(1) Strong support from the national industrial policy

As an important supporting industry for the equipment manufacturing industry, the state attaches great importance to the development of the hydraulic industry. The "14th Five-Year" Development Plan Outline of the Hydraulic, Hydraulic and Pneumatic Sealing Industry and other policies proposes to concentrate advantageous resources to tackle key components, parts and basic materials and other key core technologies; Components, basic software, basic materials, basic processes and industrial technology foundations and other bottlenecks and shortcomings; in-depth implementation of intelligent manufacturing and green manufacturing projects, development of new service-oriented manufacturing models, and promotion of high-end, intelligent and green manufacturing; in-depth implementation of enhanced manufacturing The core competitiveness of the industry and the technical transformation project are encouraged to encourage enterprises to apply advanced and applicable technologies, strengthen equipment renewal and the large-scale application of new products: cultivate advanced manufacturing clusters, and promote the innovation and development of construction machinery and other industries. National and local government departments have given great help in policy support, industrial projects and other aspects, creating favorable conditions for the development of the industry.

(2) The widely distributed downstream host industry provides broad development space for the hydraulic industry

On April 17, 2020, my country emphasized strengthening investment in traditional infrastructure and new infrastructure, promoting the transformation and upgrading of traditional industries, and expanding investment in strategic emerging industries. The hyperscale market demand brought about by traditional infrastructure and new infrastructure is closely related to the hydraulic industry. Because hydraulic transmission technology has the advantages of large power-to-weight ratio, small size, high frequency response, good pressure and flow controllability, flexible transmission of power, easy linear motion, and stepless speed regulation, hydraulic technology can be widely used in Machine tools, construction machinery, agricultural machinery, metallurgical machinery, mining machinery, ship engineering, aerospace, rail transit and other industries, the vigorous development of downstream industries makes the market prospects of the upstream hydraulic industry continue to grow.

(3) New infrastructure investment continues to boost domestic demand, and internal circulation accelerates import substitution

The state deploys to promote new infrastructure construction, accelerate the construction of new infrastructure such as 5G infrastructure, UHV, intercity high-speed railway and intercity rail transit, new energy vehicle charging piles, big data centers, artificial intelligence, industrial Internet, etc., to stimulate economic growth and expand domestic demand. Under the background of "internal circulation", new infrastructure investment will continue to boost the demand for hydraulic components, and domestic hydraulic leading enterprises will continue to improve their technical level and product competitiveness.