High-end and medium-end transformers have excess capacity.
As the main power equipment for power transmission in the power grid, the transformer is one of the most common devices in the field of electrical equipment. In the transformer industry, China's market has grown rapidly and has become the second largest market in the world. With the rapid growth of China's power demand, the high-speed construction of the power grid has driven the market demand for power transmission and transformation equipment. As a key electrical equipment for power transmission, the market demand has also maintained steady growth.
The number of enterprises in the transformer industry in China is very large. At present, there are more than 2,000 enterprises qualified to produce various transformers in China, and there are only more than 130 enterprises with a total industrial output value of more than 100 million yuan, and only 20 employees with more than 2,000 employees. Home around. According to the industrial output value, small and medium-sized transformer manufacturing enterprises account for more than 80% of the total number of enterprises. Most small enterprises have weak technical strength and can only produce low-end products below 110, resulting in a serious excess of production capacity in the low-end transformer market. According to statistics, the current capacity utilization rate of domestic transformers is only 50%.
Due to the low added value of the products in the low-end and mid-end products, coupled with the imbalance between supply and demand, the price has been falling, and many companies are already on the verge of loss, and the operating conditions are worrying. According to the analysis of the transformer industry report, at present, the enterprises in the low-end market of transformers are mixed, and some enterprises under the price war will pay for the abandonment of quality. These enterprises will be eliminated by the market, and the industry will face a major reshuffle. Overall, the high-end market has a high degree of prosperity and there is still a large market space.
At present, there are no more than 10 enterprises capable of producing 500kV transformers in China, and there is still a certain gap in the level of independent production technology compared with advanced countries. The overall technical level needs to be improved; and the domestic enterprises that can produce 220kV transformers do not exceed 30. At home, there are only more than 100 companies that can produce 110kV transformers; transformer companies with an annual output of more than 100 units are rare.
From the perspective of market structure, China's transformer industry presents a pyramid structure. The higher the voltage level, the stronger the technical barriers. The fewer manufacturers, the higher the degree of monopoly. Under the new opportunity, the power transformer market is expanding, and it also requires a new upgrade of the transformer industry, especially in the case of intelligent development, research and development, manufacturing, sales, use and maintenance of energy-saving and intelligent transformers. Will become the mainstream.