The construction of China's rural power grid, UHV, UHV DC transmission and other projects has driven the rapid development of the transmission and distribution equipment industry. After the development in recent years, China has gradually moved to the stage of comprehensive construction of the smart grid. The transmission and distribution and control equipment manufacturing industry is closely related to the power industry. It is greatly affected by the national economy and is also an important equipment industry for the development of the national economy. It is responsible for providing the national economy, national defense, and electrification of people's lives. The responsibility of a wide variety of electrical equipment. In recent years, the long-term development potential of China's power industry has provided a broad space for development of transmission and distribution and control equipment manufacturers.
The overall indicator fluctuates less and the industry enters a stage of steady improvement.
According to the data, the number of enterprises above designated size in China's transmission and distribution industry increased slightly from 2012 to 2017. By 2017, the number of enterprises reached 12,540, an increase of only 341 from the previous year. In 2017, China's transmission and distribution equipment industry realized sales income of 3,246.636 billion yuan; realized total profit of 358.068 billion yuan; realized product sales profit of 414.149 billion yuan. Overall, the overall scale of the domestic transmission and distribution equipment industry has increased in recent years.
Chart 1: Analysis of operating efficiency of transmission and distribution equipment industry in 2014-2016 (unit: home, 100 million yuan, %)
Source: National Institute of Statistics, Prospective Industry Research Institute
Figure 2: Sales revenue and growth rate of transmission and distribution equipment industry in 2012-2017 (unit: 100 million yuan, %)
Source: Prospective Industry Research Institute
Reform and development of the power industry, promoting the increase in demand for transmission and distribution equipment
The development of the power industry is an important source of power and basic guarantee for a country's economic development. In 2009-2016, China has continuously increased its investment in power construction. In 2015, China's power construction investment achieved a leap-forward growth, reaching 869.4 billion yuan. Compared with the same period of the previous year, it increased by 11.98%. By 2016, the scale of power investment continued to expand, reaching 884 billion yuan. In 2017, with the development of domestic power investment, its investment scale dropped to 801.4 billion yuan, down 9.34 percentage points from the previous year.
Figure 3: Total investment and growth of national power construction in 2009-2017 (unit: 100 million yuan, %)
Source: China Electricity Industry Prospective Industry Research Institute
From the overall power generation situation, China's total power generation has increased continuously from 2013 to 2017, from 53.721 billion kWh in 2013 to 641.79 billion kWh in 2017. Among them, thermal power is still the main generation energy source at this stage. In 2017, the thermal power generation capacity was 455.3 billion kWh, accounting for 70.92% of the total power generation in that year. With the country's emphasis on environmental protection and the emphasis on new energy power generation, wind power and Nuclear power-based new energy generation continues to increase, with power generation in 2017 of 305.7 billion kWh and 248.3 billion kWh. In the future, with the continuous promotion of national policies and technologies, the proportion of new energy generation will be further enhanced.
Figure 4: Statistics of China's energy generation in 2013-2017 (unit: 100 kWh)
Source: China Electricity Industry Prospective Industry Research Institute
From the perspective of power generation capacity, under the influence of increasing power generation, China's power generation capacity has also increased in 2013-2017, from 1,370,100 kilowatts in 2013 to 1,77,703 kilowatts in 2017. Thermal power is still the main installed direction. In 2017, the installed capacity of thermal power is 62.24%. With the emphasis on new energy generation such as wind power and solar power generation, the installed capacity of power generation has doubled in 2013, and the installed capacity of wind power in 2017 The capacity is 163.67 million kilowatts, and solar power generation reaches 130.25 million kilowatts.
Figure 5: China's power generation installed capacity in 2013-2017 (unit: 10,000 kW)
Source: Prospective Industry Research Institute
With the continuous increase in the scale of investment in power construction and the continuous increase in power generation in China, the actual performance is that the demand for electricity is increasing due to the continuous development of the economy. And several indicators can show that with the development of power reform, UHV and UHV DC transmission and distribution projects, the development of transmission and distribution industry will gradually shift towards technological innovation, demand-driven direction, and scale. Stable improvement.
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