Development status and future trends of amorphous transformer industry in 2024

Source: China Economic Information Network

The total number of tenders for China's power grid transformers is affected by a variety of factors, including national energy policies, electricity demand growth, the need for grid upgrades and renovations, and the promotion of high-efficiency energy-saving equipment. With the rapid development of China's economy and the advancement of urbanization, electricity demand continues to grow, which directly promotes the increase in the number of grid construction and transformer tenders. At the same time, the country's emphasis on energy conservation and emission reduction and policy support for high-efficiency energy-saving transformers, such as the promotion of amorphous transformers, have also promoted the expansion of transformer tenders.

The proportion of China's amorphous transformers in power grid transformer tenders has shown an increasing trend year by year, from a low proportion in 2015 to a significant increase in 2020 and 2023, reflecting the high efficiency and energy saving characteristics of amorphous transformers. , receiving more and more attention in power grid construction and transformation, and its market share continues to expand. The promotion of national energy conservation and emission reduction policies, the advancement of amorphous transformer technology and the improvement of cost-effectiveness have further promoted the application and promotion of amorphous transformers in the power industry.

The market demand for China's amorphous transformer industry is growing steadily with the advancement of the country's energy conservation and emission reduction policies, the acceleration of power grid modernization, and the increasing emphasis on high-efficiency and energy-saving power equipment. In key areas such as power distribution, rail transit, data centers, smart grids, and new energy vehicles, amorphous transformers are favored for their excellent energy efficiency and environmental protection characteristics, and the market demand for such transformers continues to rise. In addition, the government's financial subsidies and support policies have further stimulated the purchase and application of amorphous transformers. It is expected that in the next few years, market demand will continue to grow, showing broad market potential and development opportunities.

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