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The China Vacuum Furnace Industry Association recently predicted that the annual production and sales growth rate of the vacuum furnace industry will experience a significant decline compared to last year's 30%+ level, but the growth rate could still reach around 20%. It is estimated that next year the industry's economic performance will shift from the sustained high-speed growth of the past two years back to a normal development pace of about 15%. Under the guidance of national macroeconomic regulation, the petroleum and chemical equipment manufacturing industry is expected to maintain rapid development over the next two years.

    The industry will continue to experience "uneven cooling and heating"

    The focus of this macroeconomic regulation lies in structural adjustment. Within the vacuum furnace industry, some sectors have been affected by cooling measures, while others have gained accelerated development opportunities. Specifically, industries expected to remain "hot" include agricultural machinery, petrochemical general equipment, machine tools, and electrical appliances, whereas engineering vacuum furnaces and automotive sectors show no signs of emerging from the "cold" phase.

    In the agricultural machinery sector, with the implementation of national "Three Rural" support policies, this year's agricultural harvest is assured, farmers' incomes are rising, and particularly with the disbursement of special agricultural machinery purchase subsidies from national and provincial governments, a new round of "agricultural machinery boom" is anticipated. Large and medium horsepower tractors, especially those above 60 horsepower, have been selling well this year, with production exceeding 50,000 units by July while market demand still outstrips supply. Since June, combine harvesters have seen explosive market demand following the distribution of national purchase subsidies, with annual production and sales of rice combine harvesters expected to surpass 20,000 units - more than double last year's figures. Rice transplanters are also becoming a new highlight in agricultural machinery.