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 situation, 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 electricity demand has grown rapidly, and the high-speed construction and investment of the power grid 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 the construction and transformation of domestic power grids, and the scale of the industry 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 have 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 will remain at about 10% during the "Twelfth Five-Year Plan" period.

　　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 pie for 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 cumulative installed capacity of wind power nationwide 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 in 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 the transformer product structure and technological innovation.

　　The global transformer industry market will exceed 100 billion in 2020

　　In recent years, the global market demand for power transmission and distribution equipment has shown an overall upward trend. According to the predictions of relevant research institutions, the expansion of power stations in emerging countries, economic growth, and power demand will drive the global power transformer market from 10.3 billion US dollars in 2013 to 19.7 billion US dollars in 2020 (approximately RMB 119.1 billion) Yuan), with a compound annual growth rate of 9.6%.

　　China, India and the Middle East have seen rapid growth in power demand, which has become the main growth driver for the growth of the global power transformer market. In addition, the need to replace and upgrade old transformers in North America and Europe has also become the main driving force in the market. “The British power grid is already very backward. Only by replacing and upgrading the power grid, the country will not experience power outages. Similarly, in other European countries, such as Germany, the power grid and electronics are undergoing continuous renovation to achieve stable grid supply. "Some analysts said so.

　　According to industry insiders, there are two reasons for the strong growth momentum of the global transformer market. On the one hand, the upgrading and transformation of traditional transformers will give rise to a large market share, and the elimination of backward products can promote the effective development of bidding. The economic benefits will be revealed. On the other hand, the R&D, manufacturing, sales, use, and maintenance of energy-saving and intelligent transformers will become the mainstream, and brand-new products will inevitably bring brand-new development opportunities to the industry.

　　In fact, the transformer manufacturing industry relies on investments in downstream power sources, power grids, metallurgy, petrochemicals, railways, urban construction and other industries. In recent years, benefiting from the rapid development of the national economy, the investment in the construction of power sources and power grids has continued to increase, and the market demand for power transmission and distribution equipment has increased significantly. It is expected that China’s domestic market demand for power transmission and distribution equipment such as transformers will continue to Maintain a high level.

　　At the same time, the work focus and development strategy of the State Grid also have a significant impact on the entire power industry. The implementation of distribution network automation and rural power grid transformation will drive the total transformer market demand and the number of bidding will greatly increase, and the global transformer market will gradually affect China. Tilt, the application of cutting-edge products is expected to achieve better results in China.