Power Network Transformation: New Development Opportunities for Power Transformer

On August 31th, the National Energy Administration printed and distributed Action Plan for Construction & Renovation of Power Distribution Network (2015-2020).

The focus and development strategy of the State Grid has significant impact on the whole power industry. The implementation of distribution network automation and rural power grid upgrading will drive fast development of power transformation and distribution, especially largely increasing the total amount of transformer market demand and the amount of bidding. The global market of transformer will shift its weight to China gradually and application of advanced products is expected to gain better achievements.

During power network transformation, increasing capital investment in the power network will provide strong dynamic for transformer market demand and bring opportunities and challenges, accelerating the development of transformer industry.

With investment reinforcement of power network reconstruction, Chinese transformer market is growing rapidly and has become the second largest market in the world, leading the development of global power network construction. When encounter new opportunities, the market of power transformer is expanding while a new upgrade in the transformer industry is required. In particular, under the circumstance of intelligent development of power industry, the development, manufacturing, distribution, usage and maintenance of energy-saving and intelligent transformers are bound to dominate the market.