Electrical equipment industry is an emerging large-scale international technology-based industry, as an indispensable part of the development of the national economy, to provide technical support for human daily activities. With the rapid development of China's social economy in recent years, the electrical equipment industry has also shown great potential for development.

The trend of intelligence is obvious: due to the continuous development of electronic equipment technology, intelligent equipment has shown great potential for development in the application of automation systems and security systems. Especially with the development of smart home heat, intelligent equipment and other equipment to operate together, access to more application opportunities.

Power facilities upgrade to promote the development of the industry: In the process of reconstruction and development of power facilities, China has promoted the construction of new electrical equipment and facilities and ancillary facilities to ensure the power market and the development of China's power industry.

Clean energy power generation to promote equipment innovation: China continues to promote the application of new renewable energy, for the development of electrical equipment to provide help. This not only promotes the production of other new green energy equipment, but also promotes the development and development of electrical equipment itself, and provides new ideas and promotion applications for the sustainable development of energy in our country.

Recent developments in the electrical equipment industry

Three quarterly report overview: In the first three quarters of 2024, the net profit of the electrical equipment industry has been differentiated. The net profit of primary equipment returned to the mother decreased by 12.52% year-on-year, and the net profit of secondary equipment returned to the mother decreased by 4.10% year-on-year. However, the performance of different sectors is different, such as the net profit of the power distribution field increased by 76.68%, and the revenue and net profit of the intelligent electricity field also achieved significant growth.

Uhv construction acceleration: The urgent demand for UHV construction does not match the pace of wind power station construction, and it needs to be accelerated to improve the grid-connected capacity of new energy. Uhv DC, AC and main network equipment core targets received attention.

Speed up distribution network investment: The policy promotes the transformation of distribution network to the integration and interaction of source network load and storage, and the investment focus is digital intelligence and a equipment update and transformation, and relevant enterprises are expected to benefit.

High prosperity in overseas markets: Benefiting from the increase in new energy installed capacity, the replacement demand for aging power grids and the increase in the penetration rate of emerging markets, the development momentum of global power grid construction is strong, and the demand for overseas power equipment continues to grow.

According to the research report "2024-2029 China electrical equipment industry market depth research and investment strategy forecast Report" analysis

Electrical equipment industry overview

The electrical equipment industry is rich in products, mainly including transformers, reactors, capacitors, combined electrical appliances, circuit breakers, transformers, arresters and so on. These devices have the characteristics of easy to use, safe and reliable, high stability, energy saving and environmental protection. Electrical equipment is usually divided into primary equipment and secondary equipment, primary equipment is mainly power generation, power transformation, transmission, distribution, electricity and other direct generation, transmission, consumption of electrical energy equipment; The secondary equipment plays the role of control, protection and measurement.

Electrical equipment industry chain analysis

Electrical equipment testing industry chain upstream for all kinds of testing equipment, testing consumables manufacturers; Midstream for electrical equipment testing institutions; Downstream for the electrical equipment manufacturing industry and electrical equipment use enterprises. The electrical equipment testing institution mainly undertakes the product quality supervision and inspection of the primary equipment and secondary equipment of the power system transmission and transformation and distribution link, and provides the technical analysis and technical consultation of the relevant products for all sectors of society.

Electrical equipment industry competition pattern analysis

The electrical equipment industry is highly competitive, and many enterprises at home and abroad participate in it. Domestic enterprises continue to improve their market share with technical strength, product quality and service level. At the same time, with the strong growth of global power grid construction demand, overseas market competition is also becoming increasingly fierce.

Electrical equipment industry enterprise operation analysis

The operation of enterprises in the electrical equipment industry varies, but the overall trend shows steady growth. Leading enterprises take a leading position in the industry by virtue of their technological strength, brand influence and market share. At the same time, some small and medium-sized enterprises with innovative ability and market acumen are also emerging in the industry.

Electrical equipment industry business model analysis

The core products of power equipment enterprises include generators, transformers, switchgear, cables and so on. These products are usually sold directly or through agents. In addition, the company also provides equipment installation, commissioning, maintenance and other services, as well as customized services, according to customer needs to tailor power equipment solutions. Innovation is the key to driving business development, and companies need to continuously invest in research and development to develop more efficient, environmentally friendly and smarter power equipment.

Electrical equipment industry market size analysis

In recent years, the market size of the electrical equipment industry has continued to expand. This is mainly due to the rapid development of China's economy and the growing demand for electricity. At the same time, the state's policy support for clean energy and smart grid construction has also promoted the development of the electrical equipment industry.

Future electrical equipment industry trend analysis

It is expected that the market size of the electrical equipment industry will continue to grow in the next five years. With the deepening of global energy transformation and smart grid construction, the electrical equipment industry will usher in more development opportunities. At the same time, intelligence, digitalization and green will become an important trend in the development of the electrical equipment industry. Enterprises need to constantly innovate and upgrade products and technologies to adapt to the changing market and meet the needs of customers.

To sum up, the electrical equipment industry has broad development prospects and huge market potential. Enterprises need to keep up with market trends and the pace of technological innovation, and constantly improve their competitiveness and market share.

For more in-depth research and analysis of China's electrical equipment industry, please refer to the "2024-2029 China's Electrical equipment Industry Market In-depth Research and Investment Strategy Forecast Report" carefully created by Puhua Industrial Research Institute. This report will present you with detailed industry prospect forecast, market dynamics analysis and accurate investment strategy planning to help you grasp the pulse of the industry and achieve accurate layout.