Industry Hotspots Focus
Indusy Hotspots Focus
New energy drives growth
The global transformer market is expected to reach 85 billion US dollars by 2028 (CAGR 6.5%), with a surge in demand for wind/photovoltaic supporting transformers, and China accounting for over 40% of production capacity.
Electric vehicle charging station transformers have become a new track, and Huawei and Schneider have launched intelligent solutions that support 800V high-voltage fast charging technology.
Policies and Carbon Neutrality
The EU CBAM carbon tariff will be fully implemented by 2026, and Chinese transformer exports will be required to provide a full lifecycle carbon footprint report. Leading enterprises will accelerate their green process transformation.
The investment in China's power grid during the 14th Five Year Plan period exceeded 3 trillion yuan, and the upgrading of ultra-high voltage and urban power grids led to a surge in orders for ± 1100kV ultra-high voltage transformers (such as a 35% year-on-year increase in State Grid's 2023 bidding).
Technological innovation breakthrough
Material Revolution
Hitachi has developed an amorphous alloy core transformer, which reduces no-load loss by 70% compared to silicon steel, and has been applied to the Kansai Electric Power Smart Grid in Japan.
DuPont launches high-temperature resistant and environmentally friendly insulation paper, which can withstand temperatures up to 180 ° C and extend its lifespan by 10 years.
Digital upgrade
Popularization of digital twin technology: Xidian Group has created a real-time simulation system for Wudongde Hydropower Station, reducing operation and maintenance costs by 25%.
Blockchain application: State Grid uses blockchain to track the source of transformer raw materials (such as oriented silicon steel) to ensure supply chain compliance.
Challenges and Opportunities
Supply chain risk: The price of oriented silicon steel will rise by 30% in 2023, and the supply gap in Russia will cause European manufacturers to turn to Baosteel in China.
Technical barriers: Only special transformer companies in the world have direct current converters with a voltage of ± 800kV or above ABB、 Siemens is capable of mass production.
Emerging opportunities: Hydrogen electrolysis cell dedicated transformers and offshore floating wind power transformers have become research and development hotspots.
