Zheshang Securities: my country's prefabricated construction market is expected to exceed 5 trillion yuan in the next 10 years

Zheshang Securities pointed out that in the next 10 years, my country's prefabricated construction market is expected to exceed 5 trillion yuan. According to the China Building Energy Conservation Association, my country's carbon emissions in the two phases of building construction and operation accounted for 29% and 22% of the country's total carbon emissions, respectively. Under the "dual carbon" target, the industry is under pressure to reduce carbon emissions. Vigorously promoting prefabricated buildings with low carbon emission intensity has become one of the main starting points for the construction industry to achieve the "dual carbon" goal.

We estimate that under the neutral scenario: by 2025, the market space for PC component manufacturing and steel structure engineering is expected to reach 230 billion yuan/year and 250 billion yuan/year respectively. By 2030, the market space for PC component manufacturing and steel structure engineering is expected to exceed 360 billion yuan/year and 600 billion yuan/year respectively. Under the "dual carbon" goal, with lower carbon emission intensity throughout its life cycle, steel structures are expected to usher in accelerated development. It is recommended to focus on: Honglu Steel Structure and Jinggong Steel Structure; attention: Fuhuang Steel Structure.