Top 3 trends of power equipment industry in 2010

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Editor's note: reviewing 2009, the power equipment industry highlights three key words: new energy, intelligence and UHV. Looking forward to 2010, the development space of the power equipment industry must also be closely related to these three keywords

trend 1

the new energy industry has entered a "standing year" and the equipment business opportunities are fully displayed

review: after the world climate change conference in Copenhagen, new energy investment has become the focus of world attention. New energy and low-carbon economy are the main focus of the power equipment industry from the perspectives of power growth, carbon emission reduction commitments, emerging industry planning, etc., which have brought cumulative new output value of about 6.890 billion yuan to product user enterprises in the past three years

China has made emission reduction commitments to the world. By 2020, China's carbon dioxide emissions per unit of GDP will be 40%~45% lower than that in 2005

a large number of facts show that the power equipment market has transformed to clean energy equipment manufacturing. On april9,2009, Dongfang Electric released its 2008 annual performance report. The report shows that affected by the slowdown of power demand, the new orders of enterprises in the second half of 2009 fell sharply year-on-year, especially the thermal power orders shrank sharply

this situation confirms the previous widespread speculation in the industry. As a matter of fact, Shanghai Electric, Harbin Electric Group and Dongfang Electric, the three largest thermal power equipment manufacturers in China, have not been optimistic about the new orders in 2009, and the thermal power equipment market is cold

view: China's emission reduction target to the world is equivalent to reducing the carbon intensity of China's economic development, that is, relying on less energy consumption to promote economic growth. In order to fulfill this commitment, we can only reduce energy consumption and use alternative energy

the reduction of energy consumption is mainly realized through the adjustment of domestic industrial structure and the promotion of circular economy. Using alternative energy is another effective way to reduce carbon intensity. In the case of immature clean coal technology and CCS (carbon capture and storage) technology, considering the technical maturity and economic cost, wind power and nuclear power are still the most promising alternative energy in the past decade

Outlook: if the previous development of the new energy industry is called a nutmeg, we can think that the year 2010 after the Copenhagen conference will enter the new energy year

as the peak of thermal power investment has passed, the production and sales of thermal power equipment will continue to shrink in 2010. As the downstream demand growth of hydropower equipment and motor products tends to be stable (about 5%), the sales volume will not increase significantly. The shrinking demand for thermal power equipment has created conditions for the development of equipment in new energy fields such as wind power and nuclear power. New energy equipment will show business opportunities in 2010

the growth rate of wind power and nuclear power investment is expected to reach more than 70% and 60% respectively, which is considerable

in order to reduce the proportion of fossil energy, China needs to develop alternative energy industry on a large scale (mainly including new energy such as wind energy, nuclear energy and biomass energy). In the next decade, the proportion of new energy such as wind energy and nuclear energy in China's primary energy structure will rise significantly. Low carbon economy, energy conservation and emission reduction policies are the focus of future economic development. New energy related industries have great potential and will drive the development of related equipment

trend 2

smart power construction promotion equipment plus "smart heart"

review: intelligentization allows a bright future for power supply. Smart electricity has been promoted to the height of national strategy by many countries. In april2009, the US Obama administration announced the smart power plan with a total investment of up to US $4.5 billion. Obama then asked the US Congress to pass relevant legislation as soon as possible

in may, 2009, State Grid Corporation of China proposed to develop intelligent electricity. Smart electricity has come into people's view since then. It is estimated that China's installed capacity of renewable energy will reach 570million kW in 2020, accounting for 35% of the total installed capacity. It can reduce coal consumption by 470million tons of standard coal and carbon dioxide emission by 1.38 billion tons each year. Among them, the proportion of non hydropower renewable energy such as wind energy and solar energy will be greatly increased, and the large-scale utilization of these intermittent renewable energy will pose a challenge to traditional electricity, which can be well solved by smart electricity

view: the global financial crisis triggered and accelerated the transformation of China's machinery industry, and the electrical industry is no exception. The key objectives of structural adjustment, transformation and upgrading of the electrical industry also include how to cope with climate change, and adjusting the power structure is an important aspect of coping with climate change. The birth of smart electricity points out a new direction for adjusting the power structure

China is in the stage of accelerated industrialization, and the late development advantage is reflected in the application of new technologies. The construction of smart electricity has provided us with an opportunity to accelerate our entry into the advanced power construction country, and also provided an opportunity for China's power equipment to enter the world's advanced ranks

smart electricity has high requirements for equipment, and traditional equipment cannot support smart electricity. Therefore, the growth of China's plastic machinery industry has ushered in the golden age of scientific and rapid growth. How to adapt to the construction requirements of smart electricity and how to optimize and upgrade is an important topic at present. This will bring us unpredictable space for independent innovation

Outlook: intelligent power construction is the direction of future power construction. New technologies always bring new product demands. In China, some equipment manufacturers have long targeted this emerging market in the future. The construction of smart electricity has kicked off the development of domestic power equipment

the power industry is mainly divided into two parts: the power end and the power end. In 2010, the development focus of the power end was based on the accelerated construction of intelligent electricity, while the focus of the power end was the development and utilization of new energy. Specifically, the demand for high-grade transformers, disconnectors, circuit breakers, capacitors, mutual inductors, automatic control equipment, wind turbine and related basic parts, nuclear islands, conventional islands and supporting auxiliary equipment will increase significantly

2010 will be an important year for the steady progress of smart electricity research and construction, and substantive progress will be made in related work. From the implementation stage, the construction of intelligent power in the initial stage is mainly reflected in the promotion of UHV construction, the spread of power end acquisition system, the application of intelligent and new energy technologies, and the construction of digital substation pilot

the main beneficiaries of smart electricity construction in China are smart meter manufacturers and secondary equipment enterprises. As the smart meter technology is relatively mature, the development speed of intelligent distribution network will be faster than that of transmission network. The performance of smart meter manufacturers will grow rapidly

trend 3

the UHV national standard was issued, and the procurement of power equipment increased greatly

review: on January 16, 2009, the 1000 kV AC power transmission and transformation project with independent intellectual property rights - Southeast Shanxi Nanyang Jingmen UHV AC test demonstration project, which was independently developed, designed and built in China, successfully passed the trial operation and was officially put into operation. The operation of the project marks a major breakthrough in the localization of UHV core technology and equipment with long distance, large capacity and low loss

at the International Conference on UHV transmission technology held in May 2009, the State Grid Corporation of China announced that China has fully mastered the core technology of UHV transmission, and it is estimated that China's total investment in UHV will exceed 600billion yuan by 2020. The UHV project will provide a rare opportunity for the rise of domestic transmission and distribution enterprises

on December 16, 2009, the National Standardization Management Committee, the China Electricity Council and the State Power Corporation jointly held a national major project standardization demonstration and a press conference in Beijing. The earliest new wood plastic composite material was born at the beginning of the last century. The National Standards Committee issued 15 national standards for UHV AC transmission technology. This not only marks that China has taken the lead in establishing the UHV AC transmission technology standard system in the world, but also means that domestic power equipment enterprises have more say in the development of UHV equipment and enhance their international competitiveness

view: the emergence of UHV projects in China has played a strong role in promoting the technical level of domestic power transmission and transformation manufacturing enterprises

driven by UHV projects, domestic power transmission and transformation manufacturing enterprises, represented by XD Group, Tianwei Group and TBEA ABS glass fiber reinforced materials (abs+gf), which often encounter problems such as floating fiber, too short glass fiber preservation length and poor bonding between glass fiber and matrix, rely on international advanced technology obtained through independent innovation. At present, they are facing a rare development opportunity in the global economic crisis and are expected to rise vigorously, Launch a strong challenge to the world's top power transmission and transformation manufacturing enterprises

with the development of UHV, the layout of China's power transmission and transformation manufacturing industry will be changed

Outlook: in 2010, UHV equipment is still worth looking forward to. The demand for power transmission and transformation equipment is relatively optimistic. The strong investment in UHV and long-distance power transmission and distribution by State Grid Corporation of China has accelerated the investment in UHV power transmission construction. Leading enterprises that benefit from the product competitiveness of UHV transmission and distribution can still maintain rapid and stable growth

the establishment of UHV AC transmission technical standards has set up an access threshold for domestic power equipment manufacturers and provided technical direction guidance. Under the guidance of this technical standard, domestic power equipment manufacturing enterprises will have a huge market space. According to the long-term plan of State Grid Corporation of China, in the next 15 years, focusing on the development of large hydropower and coal-fired power bases and energy cooperation with Russia and Central Asian countries, China is expected to have 10 to 15 UHV lines, with a total investment of 400billion yuan, including equipment investment of about 250billion yuan

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