China's power transmission and distribution market will be mixed for the next five years
With the construction of China's rural power grids, UHV, UHV DC transmission projects, the rapid development of the power transmission and distribution equipment industry has been promoted. Although the scale of power grid investment is unlikely to recover to a faster growth rate in the next few years, it is still difficult to cover up. Transmission and distribution equipment further transformation and upgrading of the cutting edge. According to the State Grid 2010 plan, the 12th Five-Year Plan is the comprehensive construction phase of China's smart grid. Under the drive of the smart grid construction plan in China for more than a decade, China's power transmission and distribution industry will continue to maintain a steady growth trend before 2015.
Coincidentally, the “Trends in Global and China Power Transmission and Distribution Equipment Manufacturing Industry Trends†published by Rollandberg Management Consulting in 2012 also believes that in the next five years, the global power transmission and distribution equipment manufacturing industry will continue to grow steadily at a rate of 4%. By 2015, the size of China's power transmission and distribution market will be close to 320 billion yuan. At the same time, it will enter the critical period of intelligentization, integration, integration and overseas transformation and upgrading.
The next five years are mixed
In fact, the enthusiasm of the State Grid Corporation of China and China Southern Power Grid for the distribution network and intelligent construction has only increased. The State Grid Corporation of China has defined the distribution network construction as a top priority at the 2013 mid-year meeting, with 3 trillion yuan for 8 years. The investment plan has provided sufficient funding guarantees for the smart grid and distribution network construction; the total investment of the agricultural distribution network during the 12th Five-Year Plan period of the China Southern Power Grid Company has reached RMB 227.9 billion. As such, the 2013-2015 agricultural distribution network There are also 150.5 billion yuan in investment, an average of 50 billion yuan per year compared with 2012, an increase of 33.3%, and the growth rate of urban distribution network investment will be even higher.
On the one hand, it is the country’s strong demand for intelligent power grid construction. On the other hand, there is a big gap between the overall technical level of China’s power transmission and distribution equipment and foreign countries. In the next five years, China’s power transmission and distribution equipment will enter into an opportunity and a challenge. During the period, the transformation and upgrading have undoubtedly become the keywords of this competition.
According to the statistics of China Electrical Equipment Industry Association, there are 6,818 transmission and distribution equipment companies in China. From the structural point of view, UHP and UHV products are relatively concentrated due to high production costs, large scale of enterprise investment, and high technical content, resulting in higher barriers to entry for this sub-sector. On the contrary, the market concentration of medium and low-voltage products is relatively low, and the growth rate of product sales will gradually become flat.
Deepening the new round of gold market
With the increasing demand in Asia, the Middle East, Africa and Latin America, while the global power transmission and distribution market maintained a rapid development, it showed that the growth rate of power distribution equipment was higher than that of power transmission equipment, and the growth rate of secondary equipment was significantly higher than once. Equipment, the most attractive markets in Asia, Africa, the Middle East, and Latin America, the smart grid in the next decade, the focus of the grid construction direction, into the integration, mergers and acquisitions peak five major characteristics.
With the continuous upgrading of China's UHV and smart grid construction, especially the level of distribution automation, China's market for transmission and distribution equipment manufacturing will face four major trends, namely, intelligence, integration, complete set and overseas. Transmission and distribution equipment companies must strengthen market development, improve product independent innovation capabilities, create their own brands, and tap into the global market.
Specifically, in the next five years, China's smart grid will enter a comprehensive construction phase, bringing closer primary equipment and secondary equipment. At the same time, China's power transmission and distribution industry will emerge from stand-alone to portfolio, complete equipment supply upgrade situation, the future EPC The demand will increase significantly. With the gradual development of the industrial market and the continuous growth of international market demand, it is imperative for China's transmission and distribution equipment manufacturers to develop overseas markets.
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