Transmission and distribution and control equipment is an important part of the power system, mainly used to realize the transmission, distribution and control of electric energy, to ensure the safe, stable and efficient operation of the power system. According to the function of the equipment, power transmission and distribution and control equipment can be divided into primary equipment and secondary equipment, of which primary equipment is mainly used for power transmission, including transformers, switches, transformers, insulators, lightning arresters, etc.; secondary equipment is mainly used for protection, measurement and control of power equipment, including relays, measuring instruments, signal equipment, etc.

The upstream of the power transmission and distribution and control equipment industry chain mainly includes steel, copper, components and other raw materials required for the production of power transmission and distribution equipment; power transmission and distribution and control equipment manufacturers can be divided into primary equipment and secondary equipment manufacturers; power transmission and distribution and control equipment downstream is mainly in the field of electricity, including power production, power supply, rail transit and so on. Shangpu Consulting believes that the industrial chain has high technology content and capital intensity, and is also affected by policies and market demand.

China's power transmission and distribution and control equipment industry has experienced the embryonic period, the precipitation period, the industry forming period and the golden development period.21Since the beginning of the century, with the development of my country's urbanization and the acceleration of construction, the production of power transmission and distribution and control equipment has also ushered in a golden period of development. The technical level and capabilities of my country's power transmission and distribution and control equipment manufacturing have reached the international leading level in some fields. The production capacity, output, voltage level and capacity of power transmission and distribution and control equipment such as transformers and complete sets of electrical switchgear have been greatly improved.

According to data from the Champ Consulting Group,2013-2022In 2010, the scale of China's transmission and distribution and control equipment industry showed a steady growth trend.2022The scale of China's transmission and distribution and control equipment industry reached about6600Billion yuan, year-on-year growth of about10%. This is mainly due to the country's continued investment in new infrastructure, smart grid, UHV and other areas, as well as the rapid development of new energy power generation such as solar energy. expected2023By the end of the year, the scale of China's transmission and distribution and control equipment industry will reach about8000Billions of yuan, with an average annual compound growth rate of about15%。

From the upstream supply situation, China's transmission and distribution and control equipment required a large variety of raw materials, of which silicon steel, copper and aluminum are the main raw materials. Due to the continuous progress of steelmaking technology in China, the number of silicon steel production lines is increasing, and the supply of silicon steel in China can basically meet the domestic demand.It has become a major producer and consumer of silicon steel in the world. 2022China's silicon steel production capacity reached 1541.610,000 tons, and the output has reached 1412.4.10,000 tons, up 16.11 percent year-on-year respectively.and 17.9 percent. Among them, oriented silicon steel is mainly used in the manufacture of transformers, large motors and other equipment core, 2022The annual output is 217.4million tons, up 15.6 percent year-on-year; Non-oriented silicon steel is mainly used to manufacture rotors and stators of motors, generators and other equipment, 2022The annual output is 1138million tons, up 18.5 percent year-on-year。Copper is the most widely used and used in the electrical and electronic industries, accounting for more than half of the total consumption. Used for various cables and wires, winding resistance of capacitors and transformers, switches and printed circuit boards. As one of the important raw materials of transmission and distribution equipment, the supply and price trend of electrolytic copper directly affect the manufacturing cost of transmission and distribution equipment. From the domestic production of electrolytic copper,2012-2022China's electrolytic copper production has maintained a more stable growth, the growth rate has slowed down.2022In 2012, China's electrolytic copper production was about 1106.3million tons, up 5.5 percent year-on-year。Aluminum and aluminum alloy is one of the most widely used and most economical materials. The conductivity of aluminum is second only to silver, copper and gold, although its conductivity is only copper.2/3but the density is only copper1/3Therefore, the quality of aluminum wire is only half of that of copper wire. The oxide film on the surface of aluminum not only has the ability to resist corrosion, but also has a certain degree of insulation, so aluminum is widely used in the electrical appliance manufacturing industry, wire and cable industry and radio industry. In terms of domestic aluminum production,2015-2022China's aluminum production fluctuates greatly.2022China's aluminum production is about 6221.6million tons, down 1.4 percent year-on-year。

From the downstream application point of view, transmission and distribution and control equipment is mainly used in the State Grid and provincial and municipal power grid companies, power generation enterprises, automobile manufacturing, metallurgy and chemical industry, rail transit and other fields, the development of downstream industries directly determines the development of transmission and distribution and control equipment manufacturing industry. Downstream customers generally formulate investment plans for the year in the first quarter of each year, and then organize and implement them one after another, and there are seasonal characteristics in the operation of industry enterprises.2014-2022In the first two years of the five-year plan, the investment in power engineering construction in China showed a fluctuating growth trend, which was reflected in the relatively high investment in power engineering construction in the first two years of the five-year plan, and the relatively low investment in power engineering in the following years, reflecting certain cyclical characteristics.2022In 2012, the scale of investment in power engineering construction reached 12470billion, an increase of 15.6 percent over the previous year。2017-2022The overall amount of investment in power infrastructure in China increased year by year.2022Year of our countryInvestment 7464 of Power Engineering Constructionbillion, up 27.2 percent year-on-year；2017-2022In 2010, the overall amount of investment in the construction of China's power grid projects decreased and then increased.2022Investment in China's Power Grid Construction5006Billions of yuan, a slight increase over the same period last year.1.8%. Overall, the completion of investment in China's power grid construction projects has grown relatively slowly in the past three years. The "14th Five-Year Plan for the Development of the Southern Power Grid" proposes that the Southern Power Grid will plan to invest about6700billion yuan to speed up the construction of digital power grid and modern power grid, and promote the construction of a new power system with new energy as the main body. At the same time, the State Grid announced that it will plan to invest about during the 14th Five-Year Plan period.3500billion dollars (About2.23trillion yuan)To modernize the power grid.2017-2022The installed capacity of solar generators in China increased rapidly year by year.2022The installed capacity of solar generators in China reached3.5Billion kilowatts, year-on-year growth50%。2017-2022In 2010, the installed capacity of wind turbines in China increased rapidly year by year.2022In 2012, the installed capacity of wind turbines in China continued to grow, reaching 3.65.billion kilowatts, an increase of 30.4 percent over the previous year. Among them, onshore wind power installed 3.35Billion kilowatts, 3046 installed offshore wind powerTen thousand kilowatts.2017-2022The output value of China's automobile manufacturing industry showed a steady growth trend.2022The operating income of China's automobile manufacturing industry was 92899.9.billion, up 6.8 percent year-on-year. Total profit 5319.6billion, up 0.6 percent year-on-year. Affected by the epidemic, chip shortage, raw material prices and other factors, auto production and sales showed a return to growth, but the growth rate slowed down. 2022In the year, the production and sales of automobiles completed 2702.1 respectively.million cars and 2686.410,000 vehicles, up 3.4 percent respectively over the previous yearand 2.1 percent。2017-2022The output value of China's metallurgical and chemical industry showed a fluctuating growth trend.2022The output value of China's metallurgical and chemical industry reached5Trillion yuan, year-on-year growth10%。2017-2022The output value of China's rail transit industry showed a rapid growth trend.2022The output value of China's rail transit industry reached2.6Trillion yuan, year-on-year growth12%。

In terms of supply and demand prices, the supply and demand of transmission and distribution and control equipment is mainly influenced by downstream industry demand and policies. Due to the periodicity and uncertainty of the demand of the downstream industry, the supply and demand of transmission and distribution and control equipment will also fluctuate. From the price point of view, the price of transmission and distribution and control equipment is mainly affected by raw material prices, market competition, technological innovation and other factors. Due to the large fluctuations in the price of raw materials, the price of transmission and distribution and control equipment will also change. According to data from the Champ Consulting Group,2022In 2010, due to rising raw material prices and strong market demand, the average price of transmission and distribution and control equipment was approximately2.8Ten thousand yuan/due to the decline in raw material prices and increased competition in the market, the average price of transmission and distribution and control equipment is about.3.2Ten thousand yuan/Taiwan.

From the perspective of the competitive landscape, the transmission and distribution and control equipment industry has high technical barriers and capital barriers, and the industry concentration is high. According to data from the Champ Consulting Group,2022In 2010, the market share of the top ten enterprises in China's transmission and distribution and control equipment industry was39.8%. This shows that the competitive landscape of the industry tends to be stable, and leading companies have strong technological advantages and brand influence. Among them, TBEA, Guodian Nanrui, China Xidian and other enterprises are in the first echelon of the industry, occupying a large market share.

In summary, after years of development, China's power transmission and distribution and control equipment industry has formed a relatively complete industrial chain and market system, with greater development potential and space. With the development and transformation and upgrading of my country's economy and society, as well as the promotion of innovation-driven new energy, new technologies, and new models, the power transmission and distribution and control equipment industry will face new opportunities and challenges. Champu Consulting believes that in the next few years, the industry will mainly present the following development trends:

First, market demand will maintain steady growth. With the acceleration of my country's urbanization process, the demand for electricity will continue to grow, especially in the fields of new energy and rail transit, which will drive the demand for power transmission and distribution and control equipment. At the same time, with the deepening of my country's power system reform, the upgrading and intelligent transformation of transmission and distribution and control equipment will also become an important part of market demand.

Second, technological innovation will become the core driving force for the development of the industry. With the development and application of digital, intelligent, network and other technologies, transmission and distribution and control equipment will develop in a more efficient, safer, more environmentally friendly and more flexible direction to achieve optimal scheduling and management of power systems. At the same time, with the development and popularization of new power systems such as new energy, energy storage, and microgrids, transmission and distribution and control equipment will also face new technical requirements and challenges, requiring continuous technological innovation and product upgrades.

Third, the industry competition will be more intense and diversified. With the growth and diversification of market demand, industry competition will become more intense, and companies will compete in terms of price, quality, service, and brand. At the same time, with the opening of the international market and the regulation of the domestic market, the competition between domestic and foreign enterprises will also intensify, and domestic enterprises need to improve their core competitiveness and internationalization level.