Analysis on market scale and development prospect of global distribution transformer industry in 2022
Writer： Hengfeng you electric Time：2023-04-20 views：times
Core data of this paper: global distribution transformer market scale, global power consumption scale and growth, global power generation scale and growth, major national market scale, global pie single transformer Market Forecast scale
1. The market size exceeds US $17 billion
An important driving force for the growth of the global distribution transformer market is the progress of the smart grid and transformer industry that provide power for the market. In 2009, the European Commission approved the third energy plan, requiring 80% of households in 27 relevant countries to have smart meters by 2020. Many measures have been taken in the digital revolution of distribution transformer market.
On the other hand, the growth of population has greatly stimulated the demand for electricity, thus promoting the development of the industry. Smart grid is the latest growth point of power market. Smart grid installation requires two-way real-time communication and components with similar functions to remotely monitor a series of system parameters. This may further promote the demand for innovative products with interactive information transmission capability.
According to the market and market data, the global distribution transformer market will reach US $129.1 million in 2020 and is expected to rise to about US $18 billion in 2021.
2. The global power consumption is increasing year by year, and the demand is increasing
From 2011 to 2018, the global power consumption showed an annual growth trend, with a compound growth rate of 2.71%. According to the growth rate forecast, the global power consumption will reach 2.40 trillion kwh in 2019. At the beginning of 2020, affected by the COVID-19, after China, Europe, India and other countries and regions took restrictive measures, the power demand fell sharply. However, with the relaxation of restrictions, the global power consumption has rebounded steadily, exceeding the same period in 2019 by the end of 2020.
By December 2020, with the launch of the vaccine and the introduction of the new green deal in Europe, the power consumption of the EU will exceed the same period in 2019, and the power consumption of India will increase by more than 8% year-on-year - the same year. Benefiting from the effective control of the epidemic, China's power consumption has maintained a rapid growth since the year-on-year growth in April. Therefore, the overall global power consumption will continue to grow in 2020, with an estimated power consumption of 2.47 trillion kwh.
On the other hand, the global power generation also shows a steady growth trend. According to the report data of BP World Energy Statistics Review June 2020 released by BP, the global power production scale has increased steadily since 2011, and the overall growth rate of global power production scale remained at 1.3% - 4% from 2011 to 2019. By 2019, the total power generation of the whole year will be 2696 units, 0.8twh, with a year-on-year increase of 1.3%, and the growth rate will slow down.
According to the IAEA statement, nuclear power accounted for about 10% of the global power generation in 2020. Based on this, the global power generation is expected to be 26000twh in 2020, with a year-on-year decrease.
Distribution transformer is the key electrical equipment of power transmission. Considering the global power generation and consumption, the global distribution demand for transformers will show an increasing trend from 2011 to 2019. Although the power generation will decline in 2020, the global power consumption will show an increasing trend. As the main equipment in the process of transmission and distribution, the demand space of distribution transformer also shows an increasing trend. In the future, with the application of clean energy power generation and the construction of distribution and clean energy transmission and distribution network in various countries, the demand space of distribution transformer will be further expanded.
3. China is the most developed power distribution country in the world
According to the data released by power technology research at the ceieme transformer conference held on June 22, 2021, the world's most developed distribution transformer industry is China, with a market size of US $1.2 billion. The second is the United States, whose distribution market size is US $1 and US $147 million.
4. The global market will reach about US $25 billion in 2027
Countries all over the world are implementing energy conservation and emission reduction policies. The composite low-energy distribution transformer will begin to replace the old distribution transformer on a large scale. At the same time, thanks to the construction of smart grid, the global market scale is expected to reach about US $25 billion in 2027, with a compound growth rate of 5.7%.
The above data refer to the analysis report on market prospect and investment strategic planning of China's distribution transformer industry. At the same time, the prospective industry research institute also provides industrial big data, industrial research, industrial chain consulting, industrial map and industrial planning Park planning, industrial investment promotion, IPO Financing feasibility study, prospectus writing and other solutions.
Hengfengyou electric focuses on the manufacturing and export of various distribution transformers, rectifier transformers, electric furnace transformers and mining transformers. It has been exported to more than 30 countries and regions around the world, such as Uzbekistan, Kazakhstan, Pakistan, Kuwait, Iraq, UAE, Zimbabwe, Tanzania, South Africa, the United States and Spain. With 30 years of power transformer manufacturing and sales experience, hengfengyou Electric will provide you with the best electrical product solutions, www.hengfengyou.com com ； info@hengfengyou.com ； WhatsApp：+86158 5325 2696（Jack） +86158 5326 5269（Alisa）
