In recent 5 years, the output of transformers in China fluctuated greatly.
Affected by several factors such as the falling price of PTD and a terrible waste of products, the output of transformers in China fluctuates greatly from 2015-2019.With the relative saturation and transformation of market demand after 2015, the output of transformers decreased slightly. In 2018, the output recovered a bit, about 1.76 billion kva, which increases by 10.67% comparing with 2017.
The mounting downward economic pressure caused over 10% dropping of the sales revenue in Chinese transformer industry
The sales revenue of transformers in China changed with fluctuations from 2015-2019.Affected by factors such as Sino-US trade friction and mounting downward economic pressure,the demand of transformers in China shrinked. The sales revenue of transformers in China 465.5 billion yuan which fell by 14.98% comparing with 2017. However, the sales revenue rised approximately 478.4 billion yuan in 2019 , increasing 2.7% from 2018.
The fierce Competition of Chinese transformer industry
On the competitive pattern of enterprises,transformer industry in China is intensely competitive.Among the transformers manufacturers in China, about 30 manufacturers can supply transformers with the power above 500KVA. About 50 manufacturers can supply above 200KVA and there are 130 manufacturers with large scale supplying below 110KVA.The market structure of transformers in China tends to be stable.
It is estimated that the market scale of transformer industry in China will return to 500 billion yuan in 2021
Some economist analysis indicates that the market demand of transformers in China will be further expanded and it is estimated that the market scale of transformer industry in China will return to 500 billion yuan in 2021.
Statement:The above article reprinted from International Energy.