Transformer has always been the main equipment of modern power network construction. With the increase of investment in power facilities construction in recent years, transformer market has also been activated. At the same time, the smart grid project construction needs are also driving transformers and other power equipment to start upgrading.
In recent years, the global market demand for transmission and distribution equipment is on the rise. According to the prediction of relevant research institutes, power plant expansion, economic growth and electricity demand in emerging countries will promote the global power transformer market, from $10.3 billion in 2013 to $19.7 billion in 2020 (about 119.1 billion yuan), with an annual compound growth rate of 9.6%.
Some experts believe that the growth of electricity demand in China, India and the Middle East has become the main driving force for the growth of the global power transformer market. In addition, the demand for replacing and upgrading old transformers in North America and Europe has become the main driving force of the market. Britain's power grid is very backward. Only by replacing and upgrading the power grid, the country will not have power outages. Similarly, in other countries in Europe, such as Germany, power grids and electronics are undergoing ongoing renovations to achieve a stable supply of power grids, some analysts said.
On the one hand, the upgrading and transformation of traditional transformers will give rise to a large market share. The elimination of backward products can promote the effective development of bidding work, and enormous economic benefits will emerge. On the other hand, the R&D, manufacture, sale, use and maintenance of energy-saving and intelligent transformers will become the mainstream, and new products will inevitably bring new opportunities for the development of the industry.
In fact, the transformer manufacturing industry relies on downstream investment in power supply, power grid, metallurgy, petrochemical industry, railway, urban construction and other industries. In recent years, due to the rapid development of the national economy, the investment in power supply and power grid construction has been increasing, and the market demand for transmission and distribution equipment has increased significantly. It is expected that the domestic market demand for transformers and other transmission and distribution equipment will remain at a high level for a long time.
China is one of the fastest growing markets and has become the second largest market in the world. Especially in recent years, accelerating the construction of West-to-East power transmission, North-South mutual supply, cross-regional networking and other projects has led to the rapid development of China's transmission and distribution equipment industry. Industry insiders believe that from the current market development point of view, in the next few years, China's transformer manufacturing industry will usher in a sustained and stable development period.
In the next few years, driven by smart grid construction, UHV construction, power grid transformation and the development of power industry, it is expected that the growth rate of power transformers will remain around 10% during the 12th Five-Year Plan period.
During the 12th Five-Year Plan period, the State Grid Corporation will invest more than 300 billion yuan in the construction of AC UHV. In 2015, Sanhua UHV synchronous power grid with three vertical and three horizontal cores will be formed. 38 new UHV substations, 260 million volt-amperes of substation capacity and 260,000 kilometers of new UHV AC lines will be added. Fifteen DC projects will be developed with a total converter capacity of 230 million kilowatts and a total line length of 250,000 kilometers. Rice.
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 major power grid enterprises have completed a new round of rural power grid upgrading and investment of 276.18 billion yuan in power construction in non-electricity areas. According to the disclosed investment targets of the State Grid and the Southern Grid, the total investment of the two major power grid companies will exceed 500 billion yuan during the 12th Five-Year Plan period, of which China 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 grid will directly increase investment in power grid construction and make a big share of power equipment manufacturing industry. Transformer industry will usher in a new period of development opportunities.
New energy power generation brings new opportunities for transformers. From the perspective of some new energy power generation industries in China, the installed capacity of wind power, photovoltaic power generation, garbage power generation, waste heat power generation and so on has maintained growth. By the end of 2012, the cumulative installed capacity of wind power in China was 60.83 million kilowatts, with an annual growth rate of 35%. The cumulative installed capacity of photovoltaic power generation was close to 5,000 megawatts, and the new installed capacity of waste heat power generation was about 800 megawatts.
Transformer is a necessary transmission and distribution equipment in power generation industry, and its demand 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. It has 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 technological innovation.
At present, smart grid has entered an important stage of comprehensive construction. Intelligent construction of urban and rural distribution network will be fully opened. Smart grid and intelligent complete sets of equipment, intelligent distribution and control system will usher in a golden period of development. This undoubtedly provides a good growth space for transformer manufacturing industry.
