Transformer industry: how do enterprises compete for the future market?

Transformer,asthemainpowerequipmentinpowertransmissionprocess,isoneofthemostcommoncomponentsinthefieldofcompleteelectricalequipment.Intransformerindustry,themarketisgrowingrapidlyinourcountry,hasnowbe...

　　Transformer, as the main power equipment in power transmission process, is one of the most common components in the field of complete electrical equipment. In transformer industry, the market is growing rapidly in our country, has now become the second largest international market, from the point of the current market conditions, in the smart grid construction, uhv grid construction and transformation, the development of power industry, the transformer market in China has been fully activated, and in the next few years will usher in rapid development in the new period.

　　Transformer demand growth prospects are considerable

　　In recent years, China's electricity demand has been growing rapidly, and the high-speed construction and investment of power grid have driven the market demand for power transmission and transformation equipment. The huge amount of power construction fund brings opportunities and challenges to transformer industry, which promotes its rapid development.

　　In 2011, the national output of transformers reached 1.43 billion kva, an increase of 6.86%. In 2011, there were 1,461 enterprises above the scale in China's transformer manufacturing industry, with a sales volume of 290140 million yuan and a total profit of 16.608 billion yuan. The asset scale was 263.84 billion yuan, and the product sales profit was 33.972 billion yuan. In 2013, the sales revenue of China's transformer industry was 368.034 billion yuan, with a year-on-year growth of 16.07%.

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

　　Power transmission and distribution, power grid construction boost transformer industry development

　　Some experts analysis, in the next few years in the transmission and distribution, power grid construction under the pull, "twelfth five-year" period power transformer growth rate will remain at about 10%.

　　It is known that during the 12th five-year plan period, state grid corporation of China will invest more than 300 billion yuan for the construction of ac uhv. In 2015, the "sanhua" ac uhv synchronous power grid with "three vertical and three horizontal" as the core will be formed, 38 uhv substations will be added, the transformation capacity will be 260 million kva, and 26,000 kilometers of uhv ac lines will be built. 15 dc projects have been developed, with a total converter capacity of 230 million kilowatts and a total line length of 25,000 kilometers.

　　The transformation of domestic farm network has provided strong power for the increase of transformer market demand. Positive results have been achieved in the new round of rural network renovation and upgrading in China. By November 2013, the two major power grid enterprises had completed a new round of rural network renovation and upgrading and invested 276.18 billion yuan in power construction in areas without power supply. According to the investment targets of state grid and China southern power grid, the total investment of the two power grid companies during the 12th five-year plan period will exceed 500 billion yuan, of which state grid is expected to invest nearly 400 billion yuan, and south grid is expected to invest 111.6 billion yuan. The transformation of rural power network will directly increase the investment in power grid construction and make a bigger share of 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, installed power capacity of wind power, photovoltaic power generation, garbage power generation, waste heat power generation and so on have all maintained growth. By the end of 2012, the total installed capacity of wind power in China was 60.83 million kw, with a year-on-year growth rate of 35%. The total installed capacity of photovoltaic power generation was nearly 5,000 mw, and the newly installed capacity of waste heat power generation was about 800 mw.

　　Transformer is a necessary transmission and distribution equipment in power generation industry. The demand is closely related to the investment scale of power network. The rapid development of the new energy power generation industry has provided a good opportunity for its development, and has become an important direction for transformer manufacturers to seize market segments and expand their business scope. At the same time, it also promotes the optimization of transformer product structure and technical innovation.

　　The global market size of transformer industry will exceed 100 billion in 2020

　　In recent years, the global market demand for power transmission and distribution equipment is on the rise. The global power transformer market will grow from us $10.3 billion in 2013 to us $19.7 billion in 2020, with a compound annual growth rate of 9.6 percent, according to the research institute.

　　Rapid growth in power demand in China, India and the Middle East has been the main driver of expected growth in the global power transformer market. In addition, the need to replace and upgrade old transformers in North America and Europe has also become a major driver of the market. "The electricity grid in the UK is already very poor and only by replacing and upgrading it can the country avoid power cuts. Similarly, in other countries in Europe, such as Germany, power grids and electronics are undergoing ongoing renovations to stabilize supply." Some analysts said so.

　　In the view of industry insiders, there are two factors contributing to the strong growth of global transformer market scale. 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 and tendering, and great economic benefits will be shown. On the other hand, the research and development, manufacturing, sales, use and maintenance of energy-saving and intelligent transformers will become the mainstream, and new products will certainly bring new development opportunities for the industry.

　　In fact, the transformer manufacturing industry relies on investment from 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 power supply and power grid construction is increasing, and the market demand for power transmission and distribution equipment is obviously growing. It is expected that the market demand for transformer and other power transmission and distribution equipment in China will remain at a high level in a relatively long time.

　　At the same time, the state grid work center of gravity and the development strategy for the whole electric power industry has significant influence, the distribution network automation and the implementation of the retrofit work will drive transformer market demand, the bidding will greatly increase the number of total global transformer market will gradually tilted toward China, the application of cutting-edge products is expected to achieve better effect in China.