家电板块或多或少都和地产周期具有一定的相关性。2019 年 Q3 之前地产的萎靡是导致了家电板块整体业绩表现平平的 主要原因。2019 年 Q4 地产竣工数据大幅改善，但是随后疫 情来袭，彻底打乱了经济生产节奏，直接导致大部分家电企 业在 2020Q1 的业绩都出现了明显的下滑。

疫情短期压制之后，“五一”节日大促加速扭转厨电需求下滑 态势，厨电线下环比改善趋势明显。根据苏宁易购五一消费数 据，厨卫行业“五一”期间线下销售同比大涨 200%以上，环比 增长 7 倍，以旧换新需求暴涨 4 倍，油烟机、电热水器免费清 洗等服务预约量超 10 万人，新房装修及老房改造需求迎来复 苏。根据奥维云网数据，W19（5.4~5.10）期间厨电线下增速 全线转正并呈现爆发式增长：厨电套餐销额同比增长 252.83%，油烟机、燃气灶和消毒柜销额分别同比增长 179.72%、145.46%和 77.5%；嵌入式蒸烤微销额分别同比增长 332.03%、524.66%和 254.11%，洗碗机销额同比增长 415.25%。

受疫情影响，2020Q1 家电业绩下滑显著。1)收入方面，20Q1 行业收入同比大幅下滑 24%至 1927 亿元，收入增速为近年来的 最低水平；分行业看，有必选消费特性的小家电在家电行业收 入表现最优（YOY-14%），而涉及到安装等环节的白电（-26%）、 厨电（-34%）受疫情影响较大，增速表现最差。2)业绩方面， 2020Q1 受新冠疫情的影响，行业业绩增速明显下行，2020Q1 实现归属净利润 89.2 亿元，同比下滑 50%。不过细分行业表现 仍存在差异，小家电受益于必选消费性质和线上渠道优势，业 绩下滑仅 19%，而白电、厨电和黑电受安装属性和线下渠道的 影响，业绩增速下滑 38%和 53%和 105%。3)盈利能力方面， 2019Q4，受空调行业价格战影响，行业毛利率同比下滑 0.9 个 pcts 至 25.2%。2020Q1，受疫情影响，家电行业毛利率显著下 滑 4 个 pcts 至 22.5%。

中国正在逐步成为全球制造业的中心，成为全球制造业体系中不可或缺的一环；中国制造业供应链体系成熟度高，关键数据打通能力强，虽然疫情对供应链产生一定影响，但短期内中国制造业供应链在国际中的地位不会被取代；在尚未全面实现柔性化生产前，是否应该保证适当库存以应对紧急情况是本次疫情中体现的一个需要反思的问题；运用新一代信息技术实现数字化转型升级是制造业企业面临的“迫在眉睫”的任务。

Pin and sleeve devices are widely used in residential, commercial, and industrial applications as a medium for electricity to flow from circuit to device. Various industries, including automotive, manufacturing, oil & gas, and energy & power, widely use pin and sleeve devices in multiple applications as these devices offer safe connectivity and high durability. They also provide suitable result in abusive environments. The scope of the report discusses the potential opportunities for the market players to enter the global pin and sleeve devices market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key area of investments. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features the strategies adopted by key market players to maintain their foothold in the market.

移动互联网时代后，是软硬结合的物朕网时代：近年随着移动互联网人口红利消失，智能手机出货量持续下降，人们将眼光转向手枳以外的智能硬件，家庭、教育和医疗等场景下的机器人逐渐发展。智能机器人成为投融资热点，机器人相关专利数上升：智能机器人是2013年至2018年人工智能技术层最受创投圈欢迎的人工智能应。国内枳器人专利数持续上升，其中2015年同比增速翻一番，近几年呈下降趋势。

The development of injectable drug delivery system is playing a major role in the healthcare industries. New technologies are influencing the current medical practices, which are positively changing the bioavailability, safety, and efficacy of the drug.  The burden of chronic diseases is increasing worldwide. Factors, such as aging population and behavioral changes in lifestyles, are leading to long-term health problems, and their treatment can be expensive. Most deaths by chronic diseases can be attributed to cardiovascular diseases, obesity, and diabetes. This rise in the burden of such diseases is contributing in the growth of the injectable drugs and devices market. The increasing adoption of injectables drugs is currently driving the growth of the market. In the regions, like North America, there has been an increasing adoption for injectable drugs, due to early adoption of advanced technologies. The companies operating in the prefilled syringes industry are getting government approvals for various drugs used in syringes, to increase their market share.