The work focus and development strategy of the State Grid have a significant impact on the whole power industry. The implementation of the distribution automation and rural power grid transformation will drive the rapid development of the field of power distribution. Insiders said, in particular, the total demand of power transformer market bidding number will greatly increase, the global power transformer Market in China gradually tilted, application of sophisticated products is expected to achieve better results in Chinese.
Power transformer has always been the main equipment in the construction of modern power network. With the increase of investment in power facilities construction in recent years, the power transformer market has also been activated. At the same time, the construction of smart grid project demand is also pulling power transformers and other power equipment to upgrade the road.
In recent years, the global transmission and distribution equipment market demand is on the rise. According to the relevant research institutions, the emerging power plant expansion, economic growth and the demand for electricity and other factors will drive the global power transformer market, from $10 billion 300 million in 2013 will increase to $19 billion 700 million in 2020, the annual compound growth rate of 9.6%. Some experts believe that China, India and the Middle East electricity demand growth, has become the global power, power transformer market growth expected to be the main driving force for growth. In addition, the demand for replacing and upgrading old power transformers in North America and Europe has also become a major driver of the market. Britain's power grid is already lagging behind, and power cuts will not occur unless the grid is replaced and upgraded. Similarly, in other European countries, such as Germany, power grids and electronics are undergoing constant renovations to achieve stable grid supplies, analysts say.
The global power transformer market size growth momentum factors have two aspects, on the one hand, the upgrading of traditional power transformer will give rise to a large share of the market, the elimination of backward products can effectively promote the bidding work, great economic benefits will be displayed. On the other hand, the research and development, manufacture, sale, use and maintenance of energy saving and intelligent power transformers will become the mainstream, and new products will surely bring new development opportunities for the industry.
In fact, the power transformer manufacturing industry depends on the downstream power supply, power grid, metallurgy, petrochemical, rail, urban construction and other industries investment. The rapid development in recent years to benefit from the national economy, investment in construction of power grid increasing, power transmission and distribution equipment market demand is expected to increase significantly, in a long time Chinese domestic power transmission and distribution equipment for power transformer market demand will continue to maintain a high level of.
China's power transformer market ushered in stable development, China is one of the fastest growing markets, has become the second largest market in the world. Especially in the past period, the construction of the project of speeding up the transmission of electricity from the west to the East, the mutual supply between the north and the south, and the trans regional interconnection 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 power transformer manufacturing industry will usher in a sustained and stable period of development. The next few years, in the smart grid construction, UHV construction and power grid transformation and the development of the power industry, is expected in 12th Five-Year, the power transformer growth rate will remain at around 10%.
During 12th Five-Year, the national Power Grid Corp will invest more than 300 billion yuan for the construction of UHV AC, 2015 will form three vertical and three horizontal as the core of the three Chinese UHV AC synchronized power grid, UHV substation 38, the new transformer capacity of 2.6 million KVA, the new UHV AC line 26 thousand kilometers; the development of 15 DC project, the total flow capacity of 230 million kilowatts, the line length of 25 thousand km.
The transformation of rural power network provides a strong impetus to the increasing demand for power transformers market. China's new round of rural power grid transformation and upgrading have achieved positive results. As of November 2013, the two major power grid enterprises completed a new round of rural power grid renovation and upgrading, and 276 billion 180 million yuan of electricity construction in the areas without electricity. According to the investment objectives of rural power grids of State Grid and Southern Power Grid has been disclosed, during 12th Five-Year two Power Grid Corp, total investment will exceed 500 billion yuan, the China network is expected to invest nearly 400 billion yuan, South network is expected to invest 111 billion 600 million yuan. The transformation of rural power network will increase the investment of power grid construction directly, and make big cake share for power equipment manufacturing industry, and the power transformer industry will usher in a new opportunity for development.
New energy power generation brings new opportunity for power transformer. From the part of China's new energy generation industry, the installed capacity of wind power, photovoltaic power generation, garbage power generation, waste heat power generation and so on have all kept growing. By the end of 2012, the country's total installed capacity of wind power was 60 million 830 thousand kilowatts, an increase of 35%, the total installed capacity of photovoltaic power generation was close to 5000 MW, and the new installed capacity of waste heat power generation was about 800 mw. As the necessary power transmission and distribution equipment in power generation industry, the demand for power transformers is closely related to the scale of power grid investment.
In recent years, the rapid development of new energy power generation industry, it brings good development space for power transformer, power transformer has become the manufacturing enterprises to seize market segments to expand the business scope of an important direction. At the same time, it also promotes the optimization of power transformer product structure and technological innovation.
At present, smart grid has entered an important stage of construction, the construction of intelligent distribution network in urban and rural areas will be fully opened, smart grid and smart equipment, intelligent power distribution control system will usher in the golden period of development. This undoubtedly gives the power transformer manufacturing industry a good