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2026-05-22 23:03:47
[Domestic Transformers See Global Order Boom: Chinese Manufacturing Shifts from Scale Dividends to Capability Premiums] Recently, domestically produced transformers have been selling extremely well overseas, with prices rising and overseas orders continuing to pour in. At the end of April, a transformer company in Jiangxi was busy shipping orders. This company started operating two shifts on the third day of the Lunar New Year, with a peak daily shipment volume of nearly 80 million yuan. The company's revenue has increased nearly fivefold in four years. Orders for overseas projects this year are expected to exceed 1 billion yuan. Customs data shows that my country's annual transformer exports increased from 23.7 billion yuan in 2021 to 64.6 billion yuan in 2025, with an average annual compound growth rate exceeding 28%; high-voltage, large-capacity products have become the main export focus. The surge in transformer orders has also kept upstream electromagnetic wire companies extremely busy. A factory in Hunan has a planned monthly production capacity of 4,000 tons, with orders exceeding 6,000 tons, and multiple customers stationed at the factory to expedite delivery. Faced with uncertain copper prices, companies are using financial instruments to hedge risks while simultaneously developing aluminum electromagnetic wire. This surge in orders is not a simple repetition of low-price, high-volume sales. High-voltage, low-loss, intelligent, and customized products are becoming the main export drivers, and "Made in China" is shifting from "scale dividends" to "capability premiums." (CCTV Finance)
