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In 2020 the transformers market exceeds billions
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- Time of issue:2017-09-07 17:43
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(Summary description)REVIEW: Transformer has been the main equipment of modern power network construction. With the investment in power facilities construction increasing in recent years, the transformer market has also b
In 2020 the transformers market exceeds billions
(Summary description)REVIEW: Transformer has been the main equipment of modern power network construction. With the investment in power facilities construction increasing in recent years, the transformer market has also b
- Categories:Industry news
- Author:
- Origin:
- Time of issue:2017-09-07 17:43
- Views:
REVIEW: Transformer has been the main equipment of modern power network construction. With the investment in power facilities construction increasing in recent years, the transformer market has also been activated. At the same time, smart grid project construction demand is also pulling a series of power equipment such as transformers to open the upgrade path.
The focus of national grid work and development strategy for the entire power industry has a significant impact, distribution automation and transformation of rural power grids will lead to the rapid development of the field of power distribution. The industry said that especially the total demand for the transformer market, the number of bidding will be greatly increased, the global transformer market gradually tilt China, the application of cutting-edge products are expected to achieve better results in China.
In 2020 the transformers market exceeds billions
Transformer has been the main equipment of modern power network construction. With the investment in power facilities construction increasing in recent years, the transformer market has also been activated. At the same time, smart grid project construction demand is also pulling a series of power equipment such as transformers to open the upgrade path.
In recent years, the global market demand for power transmission and distribution equipment has been on the rise. According to the research institute forecast, the expansion of power plants in emerging countries, economic growth and electricity demand and other factors will promote the global power transformer market, from 10.3 billion in 2013 to 19.7 billion in 2020 (about 1191 Billion), with a compound annual growth rate of 9.6%.
Some analysts believe that the growth of power demand in China, India and the Middle East has become the main growth driver of the global power transformer market growth expectation. In addition, the need to replace and upgrade older transformers in North America and Europe has also become a major driver of the market. The UK power grid is already very backward. Only when the power grid is replaced or upgraded, will the country not be de-energized. Similarly, in other European countries, such as Germany, power grids and electronics are ongoing refurbishment, in order to achieve a stable supply grid, some analysts said.
On the one hand, the upgrading of traditional transformers will lead to a large market share. The elimination of outdated products can promote the effective bidding and tendering work, and the huge economic benefits will be revealed . On the other hand, energy-saving, intelligent transformer R & D, manufacturing, sales, use, maintenance will become the mainstream, the new product is bound to bring new opportunities for the development of the industry.
In fact, the transformer manufacturing industry relies on the downstream investment in power, power grids, metallurgy, petrochemicals, railways, urban construction and other industries. In recent years, benefiting from the rapid development of the national economy, the investment in the construction of power supply and power grids has been continuously increasing. The market demand for power transmission and distribution equipment has increased significantly. It is expected that the domestic market demand for power transmission and distribution equipment such as transformers will continue for a long time Maintain a high level.
Domestic transformer market ushered in steady development
China is one of the fastest growing markets and has now become the second largest market in the world. Especially in recent period, the construction of such projects as speeding up the transmission of electricity from the west to the east, mutual supply of north and south and interconnection across regions has led to the rapid development of China's power transmission and distribution equipment industry. The industry believes that, from the current market development, the next few years, China's transformer manufacturing industry will usher in a sustained and stable period of development.
In the next few years, driven by the smart grid construction, UHV construction and power grid reform and the development of the power industry, it is estimated that the growth rate of power transformers will be kept at about 10% during the 12th five-year plan period.
During the 12th five-year plan, State Grid Corporation will invest more than 300 billion yuan for the construction of UHV AC power transmission. In 2015, it will form the Sanhua AC UHV synchronous power grid with three vertical and three horizontal axes as the core. 38 new UHV substations will be added. Capacitance 260 million kVA, the new UHV AC line 26,000 km; development of 15 DC projects, the total commutation capacity of 230 million kilowatts, the line length of 25,000 km.
The transformation of domestic rural power grids has provided a strong impetus to the increasing demand in the transformer market. As of November 2013, the two power grid enterprises completed a new round of transformation and upgrading of rural power grids and a total investment of 276.18 billion yuan in electric power construction in areas without electricity. According to the State Grid and China Southern Power Grid has disclosed the investment goal of rural power network reform, the two major power grid companies during the second five-year total investment will exceed 500 billion yuan, its estimated investment of nearly 400 billion yuan in China Network, South Network is expected to invest 111.6 billion yuan. Transformation of rural power grids will directly increase investment in power grid construction, power equipment manufacturing industry to expand the share of the cake, the transformer industry will usher in a new period of development opportunities.
New energy power generation brings new opportunities for transformers. From some of China's new energy power generation industry, wind power, photovoltaic power generation, waste power generation, waste heat power generation and other power generation installed capacity continued to grow. As of the end of 2012, the cumulative installed capacity of wind power in the country was 60.83 million kilowatts, an increase of 35% over the same period of last year; the cumulative installed capacity of photovoltaic power generation was close to 5,000 MW; and the additional installed capacity of waste heat power generation was about 800 MW.
As an essential power transmission and distribution equipment, the demand of transformer is closely related to the investment scale of electric power network. In recent years, the rapid development of new energy power generation industry, more transformers have brought a better space for development, but also become a transformer manufacturing enterprises to seize the market segments, an important direction to expand the scope of business. At the same time, it also promotes the optimization of the transformer product structure and technological innovation.
At present, the smart grid has entered an important stage of comprehensive construction. The intelligent construction of urban and rural distribution networks will be fully opened. The smart grid and intelligent complete sets of equipment, intelligent distribution and control systems will usher in a golden period of development. This undoubtedly provides transformer manufacturing industry with a good room for growth.
(China Power Equipment Information Network)
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