Transformer industry: How do companies compete for the future market?
As the main power equipment for power transmission in the power grid, the transformer is one of the most common devices in the field of electrical equipment. In the transformer industry, China's market has grown rapidly and has become the second largest market in the world. From the current market situation, China's transformer market has been driven by smart grid construction, UHV construction and power grid transformation, and power industry development. It is fully activated and will usher in a new era of rapid development in the next few years.
Transformer demand is growing rapidly, and the prospects are considerable.
In recent years, China's power demand has grown rapidly, and the high-speed construction and investment of power grids have driven the market demand for power transmission and transformation equipment. The huge amount of electricity construction capital has brought opportunities and challenges to the transformer industry, which has led to the rapid development of the transformer industry.
In 2011, the national transformer output reached 1.43 billion kVA, an increase of 6.86%. In 2011, there were 1,461 enterprises above designated size in China's transformer manufacturing industry, achieving sales of 290.14 billion yuan, achieving a total profit of 16.608 billion yuan; assets of 268.84 billion yuan, and product sales profit of 33.972 billion yuan. In 2013, China's transformer industry sales revenue was 368.034 billion yuan, an increase of 16.07%.
From 2012 to 2020, China's transformer market will enter a high-speed development period 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, China's transformer output will exceed 2 billion kVA.
Transmission and distribution, power grid construction boosts transformer industry development
Some experts have analyzed that in the next few years, driven by power transmission and distribution and power grid construction, the growth rate of power transformers will remain at around 10% during the 12th Five-Year Plan period.
It is understood that during the "Twelfth Five-Year Plan" period, the State Grid Corporation will invest more than 300 billion yuan for the exchange of UHV construction. In 2015, it will form the "Three-China" exchange UHV synchronous power grid with "three vertical and three horizontal" as the core. There are 38 high-voltage substations, with a capacity of 260 million kVA, and a new UHV AC line of 26,000 km. 15 DC projects have been developed with a total commutation capacity of 230 million kilowatts and a total length of 25,000 kilometers.
The transformation of the domestic rural network has provided a strong driving force for the increase in the demand for the transformer market. China's new round of rural power grid transformation and upgrading has achieved positive results. As of November 2013, the two major power grid enterprises have completed a new round of rural power grid transformation and upgrading and electricity investment in power-free areas of 276.18 billion yuan. According to the investment target of rural power grid reconstruction disclosed by State Grid and China Southern Power Grid, the total investment of the two major power grid companies will exceed 500 billion yuan during the “Twelfth Five-Year Plan” period. China Net is expected to invest nearly 400 billion yuan, and South China Network is expected to invest 111.6 billion yuan. . The transformation of rural power grid will directly increase the investment in power grid construction, and make a big cake share for the power equipment manufacturing industry. The transformer industry will usher in a new period of development opportunities.
New energy generation brings new opportunities for transformers. From the perspective of some new energy power generation industries in China, the installed capacity of power generation such as wind power, photovoltaic power generation, waste-to-energy generation, and waste heat power generation has maintained growth. By the end of 2012, the cumulative installed capacity of wind power in the country 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 megawatts, and the newly installed capacity of waste heat power generation was about 800 megawatts.
Transformers are the necessary transmission and distribution equipment for the power generation industry, and the demand is closely related to the investment scale of the power grid. The rapid development of the new energy power generation industry has provided them with better development opportunities, and has also become an important direction for transformer manufacturers to seize the market segments and expand their business scope. At the same time, it also promoted the optimization of 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 transmission and distribution equipment has generally increased. According to research institutions, the power transformer expansion, economic growth and demand for electricity in emerging countries will drive the global power transformer market, from $10.3 billion in 2013 to $19.7 billion in 2020 (about RMB 119.1 billion). Yuan), the compound annual growth rate reached 9.6%.
Demand for electricity in China, India and the Middle East has grown rapidly, becoming 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 driver of the market. “The UK power grid is already very backward. Only when the grid is replaced and upgraded, the country will not have a power outage. Similarly, in other European countries, such as Germany, the grid and electronics are undergoing continuous renovation to achieve stable grid supply. "There are analysts who say so.
In the eyes of the industry, there are two factors in the growth of the global transformer market. On the one hand, the upgrading of traditional transformers will give rise to a large market share. The elimination of backward products can promote the effective development of bidding work. The economic benefits will show up. On the other hand, the development, manufacturing, sales, use and maintenance of energy-saving and intelligent transformers will become the mainstream, and new products will inevitably bring new development opportunities to the industry.
In fact, the transformer manufacturing industry relies on downstream investment in power, power grid, metallurgy, petrochemical, railway, and urban construction industries. In recent years, benefiting from the rapid development of the national economy, the investment in power supply and power grid construction has been increasing, and the market demand for power transmission and distribution equipment has increased significantly. It is expected that the domestic market demand for power transmission and distribution equipment such as transformers will remain in China for a long time. Maintain a high level.
At the same time, the focus and development strategy of the State Grid has a major impact on the entire power industry. The implementation of distribution network automation and rural network transformation will drive the total demand of the transformer market and the number of bidding will increase greatly. The global transformer market will gradually become China. Tilting, the application of cutting-edge products is expected to achieve better results in China.
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