Electricity investment brings opportunities to the transformer industry

In recent years, the demand for electricity in China has grown rapidly, and the high-speed grid construction and investment have driven the market demand for power transmission and transformation equipment. The huge amount of investment in power construction has brought opportunities and challenges to the transformer industry and prompted the rapid development of the transformer industry. It is expected that during the 12th Five-Year Plan period, the growth rate of China's transformer market will remain at around 10%.

During the 12th Five-Year Plan period, the total investment of the two major power grid companies will exceed 500 billion yuan, of which the National Grid is expected to invest nearly 400 billion yuan, and China Southern Power Grid is expected to invest 111.6 billion yuan.

In recent years, the demand for the global power transmission and distribution equipment market has generally risen. In the recent period, the construction of projects such as accelerating the transmission of electricity from the west to the east, mutual supply from north to south, and cross-regional networking has led to the rapid development of the transmission and distribution equipment industry in China. Judging from the current market development, the transformer manufacturing industry will usher in a sustained and stable period of development.

The upgrading of traditional transformers will result in a huge market share. The elimination of backward products will promote the effective implementation of tendering and bidding, and huge economic benefits will emerge. The R&D, manufacturing, sales, use, and maintenance of energy-saving and intelligent transformers will become mainstream, and new products will inevitably bring new development opportunities to the industry.

Transformers are the key electrical equipment for power transmission. Because of the large number of transformers, the power consumed by the transformer itself is also considerable. Relevant data show that at present, all the transformers in China consume 3% to 10% of their electricity. In the loss of the distribution network, the loss of the transformer accounts for 40% to 60%, and the potential for energy saving is huge.