In recent years, China's power demand is growing rapidly, and the high-speed construction of power grid has driven the market demand of power transmission and transformation equipment. Transformer as the key electrical equipment of power transmission, the market demand has also maintained a steady growth. China's transformer industry sales revenue in 2013 was 368.034 billion yuan, up 16.07 percent year-on-year, according to the demand forecast and investment strategic planning analysis report of China's transformer manufacturing industry from 2014 to 2018, the industry compound growth rate for 2005-2013 was 20.76% . In 2013, there were 1650 enterprises in the transformer industry, among which 1303 were small and medium-sized enterprises, accounting for nearly 80% of the total. Most small enterprises technical strength is not strong, can only produce less than 110 low-end products, resulting in low-end tunnel transformer, transformer market capacity serious surplus. According to statistics, the current domestic transformer Capacity utilization is only 50% . Due to low value-added products in the low-end products, coupled with supply and demand imbalance, directly leading to continuous decline in prices, many enterprises have been on the brink of loss, operating conditions worrying. Transformer Industry report analysis that the current transformer in the low-end market enterprises jumbled, the price war next part of enterprises to give up quality at the expense of this part of enterprises will be eliminated by the market, the industry will face a round of reshuffle. High-end market space, the unprecedented market opportunities for ultra-high-voltage transformers in the past few years, China's high-end transformers have been in short supply situation, this situation in recent years as domestic enterprises continue to increase production capacity investment has been eased. Overall, the high-end market is relatively good, there is still a lot of market space. At the beginning of June this year, the National Energy Administration has officially approved the construction of 12 power distribution channels, including eight ultra-high voltage lines, and has clearly put forward a timetable for the construction of the lines, all of which are scheduled to start production by the end of 2017. According to preliminary estimates, 8 UHV projects have an investment of more than 150 billion yuan. This will bring unprecedented opportunities for UHV equipment manufacturers, including UHV transformers. The higher the voltage level, the stronger the technical barrier, the fewer the manufacturers and the higher the monopoly degree. At present, there are more than 30 manufacturers capable of producing 220 kv transformers and more than 10 manufacturers capable of producing 500 kv transformers, mainly including special transformer, China West Power, Baoding Tianwei, Changzhou Toshiba Transformer Co. , Ltd. , ABB Transformer Co. , Ltd. . It is worth noting that compared with the internationally renowned transformer manufacturing enterprises, domestic-funded enterprises have been fully able to compete on the technical level, at present, TBEA, China West Power, Baoding Tianwei and other enterprises have 1000 KV UHV transformer production capacity. The author thinks, the new market opportunity of uhv transformer has appeared, local enterprises will face more opportunities.
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