The construction of smart grid impels the transformer market
Release time：2021-03-27 10:37:18 Popularity： Source：未知
The work focus and development strategy of the State Grid have a great impact on the entire power industry. The implementation of distribution automation and rural network transformation will drive the rapid development of power transformation and distribution. Industry insiders said, in particular, the total market demand for transformers, bidding will be greatly increased, the global transformer market is gradually tilted towards China, the application of sophisticated products is expected to achieve better results in China. Transformer has been the main equipment of modern power network construction. With the growth of investment in power construction in recent years, the transformer market has also been activated. At the same time, smart grid project construction needs are also pulling transformers and other power equipment to open the way for upgrading. In recent years, the global power transmission and distribution equipment market demand overall upward trend. According to the Research Institute, the expansion of power stations in emerging countries, economic growth and demand for electricity will drive the global power transformer market, from $10.3 billion in 2013 to $19.7 billion in 2020, a compound annual growth rate of 9.6 percent. Some experts believe that China, India and the Middle East power demand growth, the global power transformer market growth is expected to become the main growth driver. In addition, the need to replace and upgrade old transformers in North America and Europe has also become a major driver of the market. Britain's power grid is already so poor that it will need to be replaced and upgraded to prevent blackouts in the country. Similarly, in other European countries, such as Germany, both the grid and electronics are under constant renovation to achieve a stable supply, analysts said. There are two factors driving the growth 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 obsolescence of backward products can promote the effective development of the bidding process, the economic benefits will be enormous. On the other hand, the research and development, manufacture, sale, use and maintenance of energy-saving and intelligent transformers will become the mainstream. In fact, the transformer manufacturing industry depends on investment in downstream industries such as power supply, Power Grid, metallurgy, petrochemical, railway, and urban construction. In recent years, benefiting from the rapid development of the national economy, the investment in the construction of power sources and power grids has been increasing, 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 remain at a high level in the longer term. China is one of the fastest growing markets and is now the second largest in the world. Especially in recent period, the construction of west-to-east power transmission, south-to-north power supply, inter-regional network and other projects has promoted the rapid development of China's power transmission and distribution equipment industry. Industry insiders believe that from the current market development, the next few years, China's transformer manufacturing industry will usher in a sustained and stable period of development. The growth rate of power transformers is expected to remain around 10% in the next few years, driven by smart grid construction, UHV construction and grid transformation, as well as the development of the power industry. During the 12th five-year plan period, the State Grid Corporation of China will invest more than 300 billion yuan for the construction of the alternating current ultra-high voltage, and in 2015 it will form a three-vertical and three-horizontal alternating current ultra-high voltage synchronous power grid with three vertical and three horizontal cores, an additional 38 UHV substations with 260 million KVA transformer capacity and 26,000 km UHV AC lines have been built, and 15 DC projects have been developed with a total commutation capacity of 230 million kw and a total length of 25,000 km. The transformation of domestic rural power network has provided a strong impetus to the increase of transformer market demand. China's new round of rural power grid upgrading has achieved positive results. As of November 2013, the two power grid enterprises have completed a new round of rural power grid upgrading and investment of 276.18 billion yuan in power construction in power-free areas. According to the investment targets announced by the State Grid and the Southern Power Grid for the renovation of the rural power grid, the total investment of the two power grid companies will exceed 500 billion yuan in the period fifteen, of which the China grid is expected to invest nearly 400 billion yuan, and the southern network is expected to invest 111.6 billion yuan. The transformation of Rural Power Grid will increase the investment of power grid construction directly, make the share of power equipment manufacturing industry bigger, the transformer industry will usher in a new development opportunity period. New Energy generation brings new opportunity to transformer. The installed capacity of wind power, photovoltaic power generation, garbage power generation and waste heat power generation has kept increasing. By the end of 2012, China's cumulative installed wind power capacity was 60.83 million kilowatts, an increase of 35 percent year-on-year. The cumulative installed photovoltaic capacity was close to 5,000 megawatts, and the additional installed power capacity of about 800 megawatts was generated from surplus heat. As the necessary transmission and distribution equipment in power generation industry, the demand of transformer is closely related to the investment scale of power grid. In recent years, the rapid development of new energy power generation industry has brought better development space for transformers, and also become an important direction for transformer manufacturers to seize market segments and expand business scope. At the same time, it also promotes the optimization of transformer product structure and innovation of technology. At present, the smart grid has entered an important stage of overall construction, the intelligent construction of urban and rural distribution networks will be fully pulled off, smart grid and smart sets of equipment, smart distribution, control system will usher in a golden development period. This has undoubtedly provided the good growth space for the transformer manufacturing industry.
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