新能源快速发展并实现去补贴，得益于有效的电价机制调整。平价首年执行燃煤发电基准价将有利于调动各方投资积极性，稳定行业发展预期。同时明确稳步推进户用光伏建设，并鼓励地方出台政策支持以海风为代表的新能源发展。我们认为新能源中长期健康发展离不开消纳责任权重、电价等长效机制保驾护航。我们认为，平价时代从组件、整机等价格竞争转向全生命周期度电成本竞争，龙头企业竞争力持续增强。

新能源行业正驶入新一轮的成长周期，维持行业“强于大市”的评级。建议重视新能源和工控行业的成长机遇期，从成长性和预期弹性两个维度出发，优先布局电动车、光伏、工控高景气板块，关注存边际改善的风电板块。电动车方面，推荐动力电池龙头宁德时代，受益高端化和一体化的当升科技、杉杉股份、璞泰来、新宙邦，以及通用五菱核心供应商鹏辉能源；新能源方面，推荐光伏行业长期成长的受益者隆基股份，细分赛道龙头金博股份、美畅股份，风电竞争格局较好的日月股份；工控方面，推荐行业高景气背景下份额有望加速提升的龙头企业汇川技术、麦格米特、良信股份。

乘联会上调新能源乘用车批发销量预期至 240 万辆。我们认为，随着新能源汽车销售结构与质量的持续改善，以及 Model Y、ID 系列等优质新车型的不断推出，供给将驱动需求 变革，新能源汽车渗透率有望加速提升，预计 2021 年销量实 现快速增长。

中汽协：5 月新能源车销售 21.7 万辆，同比增加 159.7%，环比上升 0.5%。乘联会：5 月新能源乘用车批发销量 19.6 万辆，同比增长 174.2%，环比上升 6.7%。中国汽车动力电池产业创新联盟：5 月动力电池产量同比增长 165.8%。5 月新能源车产销量持续增长，符合预期，我们仍维持全年新能源车产销 量 240-250 万辆左右的预期。

近年来，世界各国政府及各大汽车巨头对燃料电池的关注持续升温，随着燃料电池技术的不断进步，各国支持政策的陆续出台，燃料电池产业规模发展迅速。2014年，全球燃料电池系统销售额为22亿美元，增长了近10亿美元，同比增长70%。本文从产业规模、产业政策、技术进展等方面入手，全面阐述了2014年全球及我国燃料电池产业的发展情况，针对我国在该领域的现实情况，提出了我国燃料电池未来发展的机遇和挑战。

Steam boiler is a type of closed vessel designed and constructed with steel to generate steam by heating water with the help of combustion of various fuels, including oil, coal, gas, and others. It offers various advantages, including low construction cost, less floor area, portable, easy installation, and others. Steam boilers are used in various applications, including generation of power, process industries, heating application in residential & commercial buildings, and others. Rise in demand for electricity across the globe is expected to increase the demand for steam boilers from the power generation industry, which is anticipated to drive the growth of the market during the forecast period. In addition, rise in oil & gas offshore and onshore exploration activities is further expected to increase the demand for steam boilers in the future. However, high initial cost associated with steam boiler is the key factor expected to hinder the growth of the market during the analyzed timeframe. On the contrary, rapid growth of end-use industries, such as chemical, food processing, pulp & paper, pharmaceutical, and others, by developing and expanding their production bases or expansion of manufacturing facilities is expected to create opportunity for key players in the market in the coming years.

Smart thermostat is the latest technology used for home heating. The device provides remote access for heat switching via internet and allows users to turn heating off or on from anywhere using smartphones. The scope of the report discusses potential opportunities for key players to enter the global smart thermostat market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key area of investment. The report includes Porter’s five forces analysis to understand competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features strategies adopted by key market players to maintain their foothold in the market.

A portable air conditioner is a self-contained unit, similar to a window air conditioner. It is typically designed with wheels to allow it to be moved. Water condensed from the portable air conditioner may be collected in a bucket for manual removal, drained through a gravity hose, or evaporated and exhausted with the condenser process air. For the purpose of analysis, the global portable air conditioner market is segmented into type, end user, distribution channel, and region. The study highlights various types of air conditioners, which include portable air conditioners for small, medium, and large rooms. Diverse end users covered in this report include residential and commercial. Moreover, the report provides information about distribution channels such as supermarket & hypermarket, specialty store, departmental store, e-commerce, and others. The study further covers the revenue generated by portable air conditioner in various regions such as North America (the U.S., Canada, and Mexico), Europe (Russia, Spain, Italy, France, Germany, UK, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Indonesia, Thailand, Australia, and rest of Asia-Pacific) and LAMEA (Latin America, Middle East, and Africa). In addition, the report covers strategies adopted by key market players to sustain the competitive environment and increase their market share. Lloyd Electric & Engineering Limited, LG Electronics Inc., Midea Group, AB Electrolux, United CoolAir Corporation, Blue Star Limited, Haier lnc, Daikin Industries Ltd., Olimpia Splendid Spa, and Whirlpool Corp. are some of the major players discussed in the report.

An electrical connector is an electromechanical gadget used for joining circuits. It consists of jacks (female end) and plugs (male end). The established connection may be a permanent joint between devices or act as temporary for portable gears. An adapter can be used to efficiently bring together different connectors. These connectors significantly reduce the effort, time, and manpower needed for assembling, manufacturing, and installing devices, their components as well as wiring. It is extensively used on circuits for computers, communications, consumer electronics, and industrial machinery. Also, it joins two lengths of flexible copper cable or wire, or connects a cable or wire to an electrical terminal. However, in computing, a connector is generally known as a physical interface (physical layer of OSI model in networking).

往后看，市场的担心在于若21年装机不及预期，胶膜企业21年业绩将下调。但同时需要注意的是，21年潜在需求旺盛，装机或不及预期的原因在于硅料价格高企推高组件价格，抑制实际需求；预计22年硅料价格下行后，终端需求有望大幅提升。因此在本报告中，我们分21年如期完成160-170GW装机、21年装机不及预期、22年装机超预期三种情况，讨论胶膜行业量、价、利的情况，以及相关企业21及22年的盈利测算。