News Update - January 31, 2026: A large number of transformer manufacturing plants are currently operating at full capacity; for some of these facilities, business orders-particularly those catering to data centers-are already booked through 2027.
The Chinese transformer industry comprises approximately 3,000 enterprises. In 2025, the total export value of Chinese transformers reached 64.6 billion RMB, representing a year-on-year increase of nearly 36% compared to 2024. This surge in industry demand is primarily driven by the advancement of new energy system construction within China-undertaken in pursuit of the nation's "Dual Carbon" goals-as well as robust demand stemming from overseas power grid modernization projects and the construction of AI data centers. Concurrently, industry competition is intensifying; with roughly 3,000 relevant enterprises nationwide, a phenomenon of "cutthroat price competition" has already emerged within product segments characterized by lower technical barriers, such as 10kV and 35kV transformers.
News Update - March 22, 2026: Transformer manufacturers across various regions of China are operating at full capacity, with overseas orders remaining consistently overflowing; for some enterprises, production schedules are now fully booked through 2027. Data indicates that the power load of a single hyperscale AI data center can exceed 1 gigawatt-a figure equivalent to the peak summer electricity demand of a medium-sized city. Furthermore, large-scale AI models are rapidly accelerating their transition from the "training" phase to the "inference" phase; this shift implies that their electricity consumption is evolving from a one-time, upfront investment into a continuous, ongoing operational requirement.
