GDP in the third quarter increased by 9.1% year-on-year

On the morning of October 18th, Sheng Laiyun, spokesperson of the National Bureau of Statistics and director of the Comprehensive Statistics Division of the National Economy, introduced the operation of the national economy in the first three quarters of this year and answered questions from reporters. According to preliminary calculations, the gross domestic product in the first three quarters was 3,029.2 billion yuan, a year-on-year increase of 9.4%. From a quarter-on-quarter perspective, GDP growth in the third quarter was 2.3%. According to statistics from the Bureau of Statistics, China’s GDP growth rate has been operating at a high level this year, and the possibility of a “hard landing” has gradually decreased. This year’s GDP growth rate has reached 9%, which has become a “handy-to-get” target. In the third quarter, GDP growth rate may slow down again. What is the outlook for the security market?

With the development of the national economy and the acceleration of the process of economic globalization, the security industry in China has developed rapidly. With the continuous advancement of science and technology, the field of the security industry continues to expand. Specialized services such as alarm operations, mediation, and information services began to take off; product categories continued to grow and developed into more than a dozen major categories such as video surveillance, entrance/exit control, intrusion alarm, and security inspection, and thousands of varieties; closed circuit monitoring developed rapidly. The growth rate has reached about 30%; the coastal areas have developed rapidly, forming three major security industry clusters centered on the Pearl River Delta, the Yangtze River Delta, and the Beijing-Tianjin region.

The two major events of the World Expo and the Asian Games prompted the rapid expansion of the demand in China's security market. The construction of the security system has been expanded from the state's early critical departments to today's public places, large-scale construction, finance, transportation, and communities. The market has great potential. China's security market has become the world's second largest security market following the United States.

Security alarm service is a huge market. It has the characteristics of stable market, great potential and rapid growth. In recent years, due to the unremitting publicity and promotion of the vast number of security and alarm service companies, security and alarm services have gradually been accepted by more and more people. “Spend money and buy peace” has become a kind of consumption and also become an industry.

Currently, there are 10 million ADT users in the United States, including 6 million home users and 4 million business users. The annual turnover exceeds US$11.5 billion; Japan's SECOM (Sycome) is only reported in Japan. * The number of households exceeds 1.3 million, of which commercial users account for 2/3, family users account for 1/3, and annual sales exceed $5 billion. It can be seen that the security alarm service industry has a huge market.

In the past, we did not pay much attention to the security and alarm service market. In fact, after the cultivation and development in recent years, China's security and alarm service has formed a huge market. With the rapid development of the national economy and the continuous growth and accumulation of people’s wealth, enjoying “safety services” has become a possibility, and it has even become a necessity.

As we all know, China is a populous country with more than 1.3 billion people. Therefore, in any area, as long as people's spending power has reached the "consumption level", this area will show the market "blowout", such as home appliances, mobile phones, security alarm service is no exception.

International experience shows that when a country's per capita GDP enters a period of US$1,000 to US$3,000, the society will enter into a period of significant contradictions. Affected by this, the growth in demand for security services will also accelerate; the per capita GDP will enter the period from US$3,000 to US$10,000, and security services Demand began to enter a period of stable growth, and the market scale will continue to grow rapidly during this period because the alarm service has been accepted by more and more people; when the per capita GDP exceeds 10,000 US dollars, the market begins to enter a stable period and growth The speed will gradually slow down. If an enterprise wants to obtain new customer growth points, it may need to expand to other countries and regions.

With the third quarter GDP year-on-year growth rate will slow from 9.5% in the second quarter to 9%, according to industry analysts, a county can generally develop a 1000-3000 anti-theft report, the Chinese security alarm service market can be seen here .

In short, with the continuous growth of the security industry, not only the anti-theft industry market is considerable, video surveillance, building intercom and other security industries have received more and more attention. The domestic security market will enter a steady growth process. The gradual entry of security products into the home and security service industry will play an important role in expanding the scale of China's security market.

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