2018年3月20日，国家能源局公布2018年1-2月份全国电力工业统计数据。1-2月全社会用电量10552亿千瓦时，同增13.3%。1-2月发电新增设备容量23.56GW，其中：水电、火电、核电、风电分别为0.68、5.89、1.13、4.99GW，同比分别变化-1.24、-1.97、1.13、2.03GW。

Non-fused switch disconnectors de-energizes electric circuit for service and maintenance. These disconnectors find different applications in power distribution, buildings, and several industry verticals, which include material handling operation, automotive, official buildings and others. Moreover, rise in electrical supply networks in the developing nations provides ample of opportunities for the growth of the market.

Planar lightwave circuit (PLCs) are devices integrated with fiber-matched silica waveguides on silicon or glass substrate to ensure optimal interaction for guided-wave optical signals. PLC is a recently developed technology wherein waveguides are fabricated using lithography and a silica glass substrate. PLC splitters regulate the power of optical signals via splitting and routing to facilitate the delivery of reliable light distribution. These have a broader operating wavelength range, i.e., 1260-1650 nm as compared to low-cost fused biconical tapered (FBT) couplers. These splitters exhibit characteristics such as comprehensive temperature range, improved uniformity, enhanced reliability, and compact dimensions. . These are known to offer accurate and uniform splits with minimum loss of power during transmission. In addition, these are widely used in PON networks to facilitate optical signal power splitting.

An air compressor is a mechanical device utilized to harness the natural energy of air by converting it into a potential source of energy in the form of pressurized air. These devices are used in process industries such as oil & gas, water management, chemicals, power generation, automotive, mining, pharmaceuticals, food & beverages, and others. They play an important role in increasing efficiency, safety, and profitability in these industries. Furthermore, manufacturers of air compressors are constantly engaged in R&D activities to design their products in accordance with the changing requirements, environmental change, and international standards among various industries. Compressed air is utilized in varied applications such as dental services, metal fabrication, powering of pneumatic tools, bottling & packaging, spraying & painting, cooling & freezing of food products, and others. Based on these applications, air compressors can be segregated into consumer grade, professional grade, and industrial grade.

Washing machine is commonly used for washing laundry. Smart connected washing machine connects to household WiFi, and can be controlled with the help of an app installed in the user smartphone. This smart connect technology used in washing machine enables users to get real-time information about the various stages of washing along with remote access and control. Furthermore, the smart connected washing machine helps in efficient use of electricity and water during the washing process, thereby saving on the electricity bills and conserving water.

A fire protection system is used to suppress and control fire with the help of manual and automatic detectors. It consists of various components or products such fire detection systems, fire management systems, fire response systems, and fire analysis & software. Fire protection is a field wherein precautions and the measures are taken to minimize the possibility of a fire that may result in injury, death, or property damage. A fire protection system is used to alert people present in a building or the area of fire and reduce the damage caused. Fire safety measures include procedures planned during the construction of a building or implemented in structures and taught to occupants of the building.

Rotary air compressors are positive displacement compressors, which are utilized to harness the natural energy of air by converting it into a potential source of energy in the form of pressurized air. They are used in process industries, which include oil & gas, waste management, chemicals, power generation, automotive, mining, pharmaceuticals, food & beverages, and others. Furthermore, the demand for Rotary Air Compressor is on an increase in the recent years, owing to its features such as enhanced efficiency, safety, and profitability of process industries. Furthermore, the manufacturers of rotary compressors are constantly engaged in R&D activities to deliver superior design in their products to address different requirements, environmental change, and international standards. Compressed air is used for varied applications such as dental services, metal fabrication, powering of pneumatic tools, bottling & packaging, spraying & painting, cooling & freezing of food products, and others. Based on these applications, air compressors are segregated into consumer grade, professional grade, and industrial grade. The global rotary air compressor market was valued at $9,298 million in 2016, and is projected to reach at $12,634 million by 2023, growing at a CAGR of 4.50% from 2017 to 2023.

The global industrial oven market generated revenue of $8,469 million in 2016, and is expected to grow at a CAGR of 6.2% to reach $12,897 million by 2023. Industrial ovens are used for a variety of industrial applications such as curing, drying, annealing, tempering, or baking of components, parts, or final products. These ovens can be used for both small and large-volume applications, in batches or continuously, with the help of a conveyor line. These ovens are available in a variety of temperature ranges, sizes, and configurations based on end-use requirement. Industrial oven is used at every stage of processing, such as aging, annealing, tempering, bonding, baking, homogenizing, stress relieving, hardening, normalizing, preheating, sterilization, and others.

从过去清洁能力较差、“伪智能”、备受诟病，到如今，扫地机器人技术已基本发展成熟，且主要就是近两年的事情。并且这一高科技产品，不再像过去其他产品，中国品牌总是缺乏创新，这一次，科沃斯与扫地机器人的初创品牌 iRobot 几乎同时起步，并漂亮地在中国市场完成了消费者教育，如今中国扫地机器人销量已占据全球近 20%的份额，其中，科沃斯占据 50%的份额。科沃斯是如何做到的？他的壁垒又有多高？本文将进行详细分析。 

2017 年 11 月 3 日，宁德时代（CATL）首次披露招股说明书，2018 年 3 月 12 日，公司更新了招股说明书，公司有望在近期正式 IPO。宁德时代成立于 2011 年，在过去 7 年间公司随我国新能源汽车产业高速发展，根据最新招股说明书，公司 2017 年动力电池系统销量11.84GWh，首次超越松下成为动力电池行业全球第一。

目前市场仍缺乏较大的投资主线且风险偏好无明显上升，在2018 年业绩与估值匹配度较低的行业及个股仍是市场的关注焦点。

2018年2月13日，四部委联合发布《关于调整完善新能源汽车推广应用财政补贴政策的通知》。除私人购买乘用车等情况外，新能源汽车申请财政补贴的运营里程要求从3万公里调整为2万公里，车辆销售上牌后将按申请拨付一部分补贴资金，达到运营里程要求后全部拨付。

2018年2月市场出现反转行情。机械板块（中信一级行业分类）2月份-3.86%，跑赢沪深300指数（-5.90%），跑输创业板指数（1.07%）。成长股引领板块，新能源汽车、半导体、3c自动化等产业链表现更为突出。基本符合我们在2月策略中提到的布局成长股的观点。

中国燃料电池产业开始加速发展。政府补贴为初始动力、物流车和客车为突破点，中国燃料电池产业走了一条适合中国国情，与日本不同的路。 2017年完成 1000 台左右客车和物流车，2018 年预计突破 3000-5000 台规模。

从行业的确定性、防御性属性来看，白电行业尤其是空调行业格局稳定，整体需求释放确定性强，同时在行业共性的业绩压制因素下，将会出现分化，只有少数龙头企业依然保持较高增速，我们坚定看好并推荐推荐空调龙头。