The transformer market has also been activated in recent years with the increase of investment in power facilities construction. At the same time, the construction demand of smart grid projects is also driving the upgrading of power equipment such as transformers.
In 2020, the transformer market is over 100 billion yuan
Forecast according to the relevant research institutions, power plant expansion in emerging countries, economic growth and multiple factors such as electricity demand will promote global power transformer device market, from $2013 in 10.3 billion to $2020 in 19.7 billion (RMB 119.1 billion), the compound annual growth rate of 9.6%.
Powerful global transformer market scale growth factor two aspects, on the one hand, the upgrading of traditional transformer will create a large market share, behind the products out of work can promote the effective work of bidding, enormous economic benefits to emerge. On the other hand, the development, manufacture, sale, use and maintenance of energy saving and smart transformers will become the mainstream, and new products will bring new development opportunities for the industry.
In fact, the transformer manufacturing industry relies on downstream power, power grids, metallurgy, petrochemical, railway, urban construction and other industries. Benefit from the rapid development of national economy in recent years, the power supply, power grid construction investment increased, the transmission and distribution equipment market demand increases obviously, is expected in the longer term China's domestic market demand for transmission and distribution equipment such as transformer will remain high.
The transformer market of our country encounters spring breeze
China is one of the fastest growing markets and has become the second largest market in the world. In particular, the rapid development of China's power transmission and distribution equipment industry has been accelerated by the acceleration of the construction of west electric east, north and south mutual supply and cross-regional networking. From the current market development, in the next few years, China's transformer manufacturing industry will usher in a period of continuous and stable development.
In the next few years, with the development of smart grid construction, ultra-high voltage construction and power grid transformation and the development of the power industry, the growth rate of power transformer will be maintained at around 10% during the 12th five-year plan period.
Five-year period, the state grid company will invest more than 300 billion yuan for ac uhv construction, 2015 will be formed with the core of three vertical and three horizontal ac uhv grid synchronization, three China new uhv substation, substation capacity of 260 million kva 38, 26000 km of new uhv ac transmission lines; Fifteen dc projects were developed, with a total replacement capacity of 230 million kilowatts and a total length of 25,000 kilometers.
The transformation of domestic agricultural network provides a strong impetus for the increase of the demand of transformer market. A new round of upgrading of agricultural network in China has achieved positive results. As of November 2013, the two major power grid enterprises have completed a new round of upgrading of agricultural network and investment of 276.18 billion yuan for power construction in the non-electric area. According to the state grid and southern grid has disclosed investment target, the rural electric reform during the twelfth five-year two grid companies a total investment will exceed 500 billion yuan, its investment of nearly 400 billion yuan, is expected to south network is expected to invest 111.6 billion yuan. The transformation of agricultural network will directly increase the investment of power grid construction and make a large cake share for the power equipment manufacturing industry. The transformer industry will usher in a new development opportunity period.
New energy generation brings new opportunities for transformers. From the perspective of some new energy generation industries in China, the installed capacity of wind power, photovoltaic power generation, waste generation and thermal power generation has all kept increasing. By the end of 2012, the cumulative wind power installed capacity of 60.83 million kilowatts, year-on-year growth rate of 35%, photovoltaic power generation capacity is close to 5000 megawatts, waste heat power generation of new power capacity is about 800 mw.
Transformer is a necessary power transmission and distribution equipment in power generation industry, and its demand is closely related to the investment scale of power network. In recent years, the rapid development of new energy power generation industry, more transformer has brought the good development space, also be preempted market segment, transformer manufacturing enterprises to expand the business scope of the important direction. At the same time, it also promotes the optimization of transformer product structure and the innovation of technology.