Power transformer is a static electrical equipment, which is used to change a certain value of AC voltage into another or several different voltage with the same frequency. In recent years, China's power construction has developed rapidly with remarkable achievements. Huge investment in power construction has brought opportunities and challenges to transformer industry, and the development momentum of related industries is good.
The power transformer industry is becoming more and more perfect, with market size of more than 400 billion in 2023
China has a large population, rapid urbanization process, continuous improvement of living standards and increasing demand for electricity. As the key transmission equipment, the market demand will continue to grow with the social economy. The forward-looking network report predicts that by 2023, the sales revenue of China's power transformer manufacturing industry will reach 447.785 billion yuan.
According to the data of the State Bureau of statistics, 1069 Enterprises above the scale of China's power transformer manufacturing industry in 2016 achieved sales revenue of 27.675 billion yuan, an increase of 12.24% year-on-year. Considerable market results also show that the power transformer industry is booming.
The power transformer industry is a typical investment promotion industry. From the macro environment, the national environmental protection regulations are constantly improving, the public awareness of environmental protection is increasing day by day, and the construction of new energy power stations is accelerated. This puts forward higher requirements for power transformer products, which stimulates the demand of power transformer market to a certain extent.
From the micro level, with the increasing competition of power transformer industry, the products tend to develop in the direction of large capacity, high voltage, high reliability and technological innovation. Energy saving, environmental protection and miniaturization of power transformer will become the preferred choice for urban power grid construction.
From the market pattern, the transformer industry presents pyramid structure, the higher the voltage level, the less manufacturers, the higher the monopoly. In recent years, large multinational groups with foreign capital have increased the market expansion in China and strive to expand the market share of products. As the largest transformer manufacturer and service provider in the world, abb cart has launched the first power transformer, abb capability digital power transformer, which integrates digital solutions in the world, to promote the transformation of transformer industry.
Looking at the power transformer Market in China, the small and medium-sized transformer manufacturers account for more than 80% of the total number of enterprises. Most small enterprises are lack of technology, market and product quality. Facing the fierce market competition, domestic power transformer manufacturers are also actively exploring and occupying market share.
With the continuous application of new materials and new technology, and the increasingly strict requirements for the development of the electric appliance industry, the power transformer industry is expected to usher in a new wave of development. For the industry enterprises, only by innovating and developing transformers of various structural forms can we meet the changing market demand.
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