Current situation and market trend of transformer industry in China
Writer： Hengfeng you electric Time：2023-04-23 views：times
During the period of the "Fourteenth Five Year Plan", China will gradually increase the proportion of power grid investment, accelerate the coordinated development of high-voltage and power grids at all levels. Before and after 2020, it will build a high-voltage "two vertical and horizontal" backbone power grid, with a transmission capacity of more than 50 million kilowatts, an annual transmission capacity of 300 billion kilowatts, and 150 million tons of coal. Therefore, China's transformer industry still has strong market demand.
The transformer for frequency conversion is an important part of the high-voltage inverter. The high-voltage inverter and the transformer for frequency conversion constitute the frequency conversion electrical system, which can finely control the operation of the motor. The increase of the transformer product income depends on the development of the downstream high-voltage inverter industry and the market.
In 2017, the sales volume of China's distribution transformer market was 13.09 billion, in 2018, 13.75 billion, and in 2019, 14.41 billion, a year-on-year increase of 4.8%. The data shows that the distribution transformer market has the most "specifications", which is 10KV, accounting for 87.3%.
From the perspective of the proportion of the sales revenue of transformers of China's transformer enterprises in the total sales revenue of transformers, the market share of large-scale, intensive and large group backbone enterprises in China's power transformer industry (such as TBEA, China XD and Baobian) is close to 10%. Among them, TBEA ranks first with 4.09% market share. But generally speaking, the power transformer market in China is still relatively decentralized and the market concentration is low.
Market trend of transformer industry
In recent years, the market demand of the high-voltage inverter industry has continued to increase, driving the steady development of the inverter transformer industry. Among the more than 2000 transformer manufacturers in China, most of them are small and medium-sized enterprises, with low market concentration, small production scale, unbalanced product structure, low technology content, weak risk prevention ability, and serious vicious competition, which has seriously hindered the healthy development of the entire transformer industry in China and weakened its competitiveness in the global market.
From the perspective of energy saving requirements, for variable speed regulation, traditional high-power equipment such as fans, pumps and air compressors can intelligently control motor speed according to actual load and process requirements. Effectively use the output energy of the motor to prevent energy waste.
Driven by considerable economic benefits obtained from external policies and practical application levels, high-voltage inverter equipment has a huge market demand in industry, municipal and other fields. With the expansion of domestic smart grid and rural power grid upgrading projects and the improvement of new energy construction, the demand for high-power motors and frequency converters will continue to rise. In the future, the demand for frequency converters in the power industry will maintain an increase of about 15%.
Qingdao Hengfengyou Electric belongs to Hengfengshuai Group, which is a professional electrical company focusing on the production, manufacturing and sales of electrical distribution products. Thirty years of production experience in the global power market. It is mainly engaged in the manufacturing and sales of distribution transformers, medium and low voltage switchgear, distribution boxes, American box type transformers and box type substations. It has been successfully sold to more than 50 countries worldwide. The product certification is complete. Hengfengyou Electric will provide you with the best electrical product solutions. https://www.hengfengyou.com ； info@hengfengyou.com ； WhatsApp：+86158 5325 2696（Jack） +86158 5326 5269（Alisa）
