Current Situation and Future Opportunities and Challenges of the Power Transformer Market in Bosnia and Herzegovina in 2023
Writer： Hengfeng you electric Time：2023-07-10 views：times
The Republic of Bosnia and Herzegovina, located in the Balkans, is rich in water, coal and natural gas resources. Bosnia and Herzegovina is an underdeveloped industrial country, and the metal processing industry is one of the important industries in the economy of Bosnia and Herzegovina, with products mainly exported. In 2022, the export value of metal processing products accounted for 39% of the total foreign trade value. The main products of the metal processing industry are steel, lead, zinc, and copper processing products. Its electricity industry mainly consists of two parts: public electricity and heating, and private electricity and heating. The public power and heating company is BH Energy, which generates two-thirds of the country's electricity. The remaining one-third is produced by private power and heating companies. At present, the electricity consumption in Bosnia and Herzegovina is 6.2 TWh, mainly relying on foreign imports.
1. Overview of the Power Transformer Market in Bosnia and Herzegovina
The market for power transformers in Bosnia and Herzegovina mainly relies on investment and development in power infrastructure. Due to the growth of electricity consumption and the introduction of renewable energy, the power transformer market in Bosnia and Herzegovina has steadily grown in the past few years. BH Energy is the largest buyer of power transformers in Bosnia and Herzegovina, accounting for two-thirds of the total market quantity. At present, the medium voltage of the power grid is 20KV, and the low voltage is 0.4kV. The commonly used power transformer capacities are 500kVA-20/0.4kV, 800kVA-20/0.4kV, 1000kVA-20/0.4kV, 1250kVA-20/0.4kV; 2000kVA-20/0.4kV. Hengfengyou Electrical Engineering Co., Ltd has always held an important position in the field of power transmission and distribution equipment manufacturing with its excellent product quality and innovative technical strength. The epoxy resin cast dry type transformers and fully sealed oil immersed power transformers produced by Hengfengyou have the characteristics of high efficiency, safety, and environmental protection, fully meeting the electricity demand in Europe, and enjoy a good reputation globally. Hengfengyou Electric Group has successfully entered countries such as Bosnia and Herzegovina, Spain, Romania, the Netherlands, Cyprus, Greece, and has participated in bidding for multiple local projects in 2018. Hengfengyou Electric will provide you with the best electrical product solutions
2. Future Market Development of Power Transformers in Bosnia and Herzegovina
With the continuous advancement of power infrastructure construction in Bosnia and Herzegovina, the demand for electricity will continue to grow, which will bring more opportunities to the power transformer market. Meanwhile, with the strengthening of environmental protection policies, the demand for efficient and environmentally friendly power transformers will increase, providing more opportunities for market development. In addition, with the continuous development of the Bosnia and Herzegovina economy and the acceleration of urbanization, the demand for electricity will continue to grow, which will bring more opportunities to the power transformer market. At the same time, with the popularization of new energy generation, especially in the construction of distributed energy systems and smart grids, there will be a lot of investment opportunities.
3. Opportunities and Challenges for Chinese Power Transformer Enterprises
In order to meet the global carbon peak and carbon neutrality, the EcoDesign directive Tier 2 on energy efficiency of power transformers implemented in the European region stipulates that from July 1, 2021, small, medium, and large power transformers must meet the secondary loss/efficiency requirements, and transformer manufacturers are fully responsible for implementing this law. For Chinese power transformer enterprises, exporting power transformers from Bosnia and Herzegovina must comply with this directive, which requires Chinese enterprises to put forward higher quality requirements. With the upgrading and renovation of power infrastructure in Bosnia and Herzegovina, Chinese power transformer companies have the opportunity to export more high-quality products to Bosnia and Herzegovina. At the same time, the power transformer market in Bosnia and Herzegovina will also face fierce competition from international competitors. Therefore, Chinese enterprises need to enhance their competitiveness in product quality, innovation, and services.
To make a long story short， Olivia, the sales manager of Hengfengyou Electric, said that the power transformer market in Bosnia and Herzegovina has enormous development potential. For Chinese enterprises willing to develop in this field, they need to actively pay attention to market dynamics, improve product and service quality, and adapt to market changes and demands.
