Transformer industry: How do companies compete in the future market?

As the main power equipment in the power transmission process in the power grid, the transformer is one of the most common devices in the field of electrical complete equipment. In the transformer industry, my country’s market has grown rapidly and has now become the second largest market in the world. From the current market conditions, driven by the construction of smart grids, UHV construction and grid transformation, and the development of the power industry, my country’s transformer market has Being fully activated, the next few years will usher in a new era of rapid development.

The demand for transformers is growing rapidly and the prospects are promising

In recent years, my country's power demand has grown rapidly, and the rapid construction and investment of power grids has stimulated the market demand for power transmission and transformation equipment. The huge amount of power construction funds has brought opportunities and challenges to the transformer industry, and has promoted the rapid development of the transformer industry.

In 2011, the national output of transformers reached 1.43 billion kVA, a year-on-year increase of 6.86%. In 2011, there were 1461 enterprises above designated size in the transformer manufacturing industry in China, with sales of 290.140 billion yuan and a total profit of 16.608 billion yuan; the scale of assets was 263.840 billion yuan, and the product sales profit was 33.972 billion yuan. In 2013, the sales revenue of my country's transformer industry was 368.034 billion yuan, a year-on-year increase of 16.07%.

From 2012 to 2020, my country's transformer market will enter a period of rapid development under the direct influence of domestic power grid construction and transformation, and the industrial scale will continue to increase. It is estimated that by 2015, my country's transformer output will exceed 2 billion kVA.

Transmission and distribution, power grid construction boost the development of the transformer industry

Some experts analyzed that in the next few years, driven by the construction of power transmission and distribution and power grids, the growth rate of power transformers during the "Twelfth Five-Year Plan" period will remain at about 10%.

It is understood that during the "Twelfth Five-Year Plan" period, the State Grid Corporation of China will invest more than 300 billion yuan in the construction of AC UHV. In 2015, a "Three-China" AC UHV synchronous power grid with "three vertical and three horizontal" as the core will be formed. Increased 38 UHV substations, with a substation capacity of 260 million kVA, and built a new UHV AC line of 26,000 kilometers; developed 15 DC projects with a total conversion capacity of 230 million kilowatts and a total line length of 25,000 kilometers.

The transformation of the domestic rural power grid has provided a strong impetus for the increase in the transformer market demand. my country's new round of rural power grid transformation and upgrading has achieved positive results. As of November 2013, the two major power grid companies have completed a new round of rural power grid transformation and upgrading and invested 276.18 billion yuan in power construction in areas without electricity. According to the investment targets for rural power grid transformation disclosed by the State Grid and China Southern Power Grid, the total investment of the two power grid companies during the "Twelfth Five-Year Plan" period will exceed 500 billion yuan. Its China grid is expected to invest nearly 400 billion yuan and China Southern Power Grid is expected to invest 111.6 billion yuan. . The transformation of rural power grids will directly increase investment in power grid construction and increase the share of the power equipment manufacturing industry. The transformer industry will usher in a new period of development opportunities.

New energy power generation brings new opportunities for transformers. From the perspective of some new energy power generation industries in my country, the installed power generation capacity of wind power, photovoltaic power generation, waste power generation, and waste heat power generation have all maintained growth. As of the end of 2012, the country’s cumulative installed capacity of wind power was 60.83 million kilowatts, a year-on-year growth rate of 35%, the cumulative installed capacity of photovoltaic power generation was close to 5,000 MW, and the newly installed capacity of waste heat power generation was about 800 MW.

Transformers are essential transmission and distribution equipment for the power generation industry, and demand is closely related to the scale of power grid investment. The rapid development of the new energy power generation industry has provided it with better development opportunities, and has also become an important direction for transformer manufacturers to seize market segments and expand their business scope. At the same time, it has also promoted the optimization of transformer product structure and technological innovation.