It is understood that there were only more than 100 rectifier transformer companies nationwide before 1995, and by the end of 2003 the industry had grown to more than 1,000. Due to the low entry barriers, competition is becoming increasingly fierce, manufacturers are rushing to reduce prices, transformer production capacity is already excessive, and most enterprises have even small profits or even losses. The entire industry is facing a situation of "regrouping forces, redividing markets, and redistributing benefits."
People in the industry believe that the main cause of the current severe power shortage is related to the lack of scientific government power policies in previous years. According to analysis, in 1998, relevant government departments believed that the investment in power construction was too fast and did not approve the construction of power projects. In the next few years, the country will only increase the annual installed capacity by about 10 million kilowatts. This growth rate obviously cannot meet the needs of fast-growing GDP.
There are some large domestic enterprises of electroslag furnace transformers in recent years through the introduction of multi-faceted technology and the extensive absorption of high-tech talents to improve the technical level and grade of products, accelerate the pace of technological innovation, expand the scale, accelerate the development rate, occupying 30% ~ 40% of the transformer market; there are also some companies with certain technical and manufacturing capabilities, which have high market share in some areas, but the overall market share is not large; many private enterprises have no non-productive burdens due to the flexible operation mechanism of the company Has also formed a certain market share.
From the perspective of cooperation and joint ventures between some domestic enterprises and foreign groups, the integration of the transformer industry has begun. With the intensified competition among manufacturers, only 20 to 30 companies will occupy most of the transformer market in the future. This market redistribution trend has become more and more obvious, and the redistribution of benefits will follow.
In order to ensure the sustainable and stable development of the national economy and solve the problem of power shortage, together with 13 new power plant construction projects approved by the State Council with a total investment of 51.2 billion yuan, it is expected that the annual demand of the transformer industry will be 360 million to 400 million Fu An. Driven by relevant national policies, a new round of power investment boom has arrived. It can be seen that in the next few years, manufacturers of transmission and transformation equipment will be at full capacity, showing a booming production and sales situation.