Transformer market will be over 100 billion

The implementation of distribution network automation and rural power grid transformation will lead to rapid development in the field of power transmission and distribution. In particular, the total transformer market demand and the number of bids and bids will be greatly increased. The global transformer market will gradually tilt towards China. The application of cutting-edge products is expected to be obtained in China. Better results.

Transformer market exceeds 100 billion in 2020

Transformers have been the main equipment for the construction of modern power networks. With the increase in investment in power infrastructure construction in recent years, the transformer market has also been activated. At the same time, the demand for smart grid project construction is also stimulating the upgrade and upgrading of a series of power equipment such as transformers.

In recent years, the demand for the global power transmission and distribution equipment market has generally risen. According to predictions from relevant research institutions, the growth of power stations in emerging countries, economic growth, and electricity demand will push the global power transformer market, which will increase from 10.3 billion U.S. dollars in 2013 to 19.7 billion U.S. dollars in 2020 (about 1191 yuan in 2020). Billion), the compound annual growth rate reached 9.6%.

Some experts believe that the growth of electricity demand in China, India, and the Middle East has become the main growth driver for the growth of the global power transformer market. In addition, the demand for replacing and upgrading old transformers in North America and Europe has also become a major driver of the market. “The UK power grid is already lagging behind, and only when the power grid is replaced and upgraded, the country will not experience a power outage. Similarly, in other European countries, such as Germany, the grid and electronics are undergoing continuous renovations to achieve grid stability. Supply," said analysts.

In Song Zhichen's view, there are two factors influencing the growth momentum of the global transformer market. On the one hand, the upgrading of traditional transformers will generate a large market share, and the elimination of backward products will promote the effective implementation of bidding and bids. The economic benefits will show up. On the other hand, 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.

In fact, the transformer manufacturing industry relies on investments in downstream power sources, power grids, metallurgy, petrochemicals, railways, and urban construction industries. In recent years, benefited from the rapid development of the national economy, the investment in power supply and power grid construction has been continuously increased, and the market demand for power transmission and distribution equipment has increased significantly. It is expected that the market demand for transformers and other power transmission and distribution equipment in China will continue to be in a relatively long period of time. Maintain a high level.

Domestic transformer market ushered in stable development

“China is one of the fastest growing markets, and it has now become the second largest market in the world. Especially in the recent period, the construction of projects such as accelerating the transmission of power from west to east, mutual supply of north and south, and inter-regional networking has driven China to lose. The rapid development of the distribution equipment industry.” According to Wei Jinyan, a senior industrial researcher and analyst at ForwardNet, the current development of the market will see China’s transformer manufacturing industry usher in a sustained and stable period of development in the coming years.

Some experts believe that in the next few years, driven by smart grid construction, UHV construction and grid reform, and the development of the power industry, it is expected that the growth rate of power transformers will remain at around 10% during the “12th Five-Year Plan” period.

It is understood that during the "12th Five-Year Plan" period, the State Grid Corporation of China will invest more than 300 billion yuan for the exchange of UHV construction. In 2015, it will form the "Three Chinas" exchange UHV synchronous network with "three vertical and three horizontal" as the core. The number of new UHV substations is 38, and the substation capacity is 260 million kVA; the new UHV AC line is 26,000 kilometers; 15 DC projects are being developed, with a total converter capacity of 230 million kilowatts and a total length of 25,000 kilometers.

The transformation of domestic rural power grids has provided strong impetus to the increase in demand for transformers. China's new round of rural power grid transformation and upgrading has achieved positive results. As of November 2013, the two major power grid companies completed a new round of rural power grid upgrading and upgrading and an investment of 276.18 billion yuan in power-free regional power construction. According to the National Grid and China Southern Power Grid's investment targets for rural power grid reconstruction, the total investment of the two major power grid companies during the 12th Five-Year Plan period will exceed 500 billion yuan, and its China Network is expected to have an investment of nearly 400 billion yuan, and Southern Network is expected to invest 111.6 billion yuan. . The transformation of rural power grids will directly increase the investment in power grid construction, and will increase the share of cakes 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 of the new energy power generation industries in China, the installed capacity of wind power, photovoltaic power generation, waste power generation, and waste heat power generation all maintained growth. As of the end of 2012, the cumulative installed capacity of wind power in China 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.

Transformer as a power transmission industry's necessary transmission and distribution equipment, its demand and the size of electric power network investment is closely related. In recent years, the rapid development of the new energy power generation industry has brought about a better development space for transformers, and has also become an important direction for transformer manufacturers to seize market segments and expand business scope. At the same time, it also promoted the optimization of transformer product structure and technological innovation.

At present, the smart grid has entered an important stage of comprehensive construction. The intelligent construction of urban and rural distribution networks will be fully opened. Smart grids and smart complete sets of equipment, intelligent power distribution and control systems will usher in a golden period of development. This undoubtedly provides a good room for growth for the transformer manufacturing industry.