Transformer market situation optimistic about products entering rapid growth period

The transformer is a device that uses the principle of electromagnetic induction to change the AC voltage. In electrical equipment and wireless circuits, it is often used as a lifting voltage, matching impedance, and safety isolation. At present, there are more than 1,200 transformer manufacturers with a certain scale in China. They can manufacture transformers, transformers, reactors, voltage regulators and their components.

In recent years, China's power demand has grown rapidly, and the high-speed construction and investment in the power grid have driven the market demand for power transmission and transformation equipment. The huge amount of power construction funds has brought opportunities and challenges to the transformer industry (including transformers, transformers, reactors, and component manufacturing plants), prompting the transformer industry to develop rapidly. China Business Intelligence Network data shows that in the first three quarters of 2011, China's transformer output exceeded 1.1 billion kVA, an increase of 13.9% year-on-year. With the deepening of power grid renovation projects and the acceleration of power grid upgrades, China’s transformer production will continue to grow at a faster rate. It is expected that by 2015, China’s transformer output will exceed 2 billion kVA.

With the continuous deepening of China's energy-saving policy, the state encourages the development of energy-saving, low-noise, intelligent distribution transformer products. High-energy-distribution distribution transformers are faced with the need for technological upgrading and replacement. In the future, they will gradually be replaced by energy-saving, material-saving, environmental protection, and low-noise transformers. Amorphous alloy transformers have both energy saving and economical features. Their notable feature is that the no-load loss is very low. It conforms to the national industrial policy and the requirements of energy conservation and consumption reduction of the power grid. It is the most advanced energy-saving effect at present and the use cost is relatively economical. Transformer products. After solving the noise problem, the products are generally applicable to various places in cities and rural areas.

The "2011-2015 China Transformer Market Research and Investment Forecast Report" released by China Business Intelligence Network shows that with the continuous construction of power grids and the acceleration of urban and rural distribution network transformation, the transformer market demand is expected to maintain a strong growth trend. In 2010, the market size of China's amorphous alloy transformers was approximately RMB 1.8 billion. With the accelerated promotion of the market for amorphous alloy transformers, the proportion of product applications has gradually increased. It is expected that the market capacity of amorphous alloy transformers will reach 100 billion yuan in the next 10 years, and the average annual market capacity will exceed 10 billion yuan, and the market space will be huge.

Under the background that the country will encourage the development of energy-saving, low-noise, and intelligent distribution transformer products, large-scale enterprises with large-scale operations and strong technology research and development capabilities will face more opportunities for development. Confidence Electric, as the largest amorphous transformer manufacturer in China, has a market share of around 80% in the amorphous alloy transformer market, and has a solid leading position in the industry. The company plans to purchase amorphous alloy transformer business and assets by way of non-public issuance of shares. . China Business Intelligence Network researcher pointed out that with the national and local power grid companies on the use of amorphous alloy transformers, energy conservation and environmental protection tend to be unified, and increase the promotion of amorphous alloy transformers, the next two years the company amorphous alloy transformer in the tender The market share in China will increase. It is conservatively expected that the company's operating income will increase by about 30% in the next two years.

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