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The "Belt and Road" Initiative Brings New Sources of Growth for Domestic Transformer Companies
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The "Belt and Road" Initiative Brings New Sources of Growth for Domestic Transformer Companies

With the implementation of "Belt and Road" strategy, relevant projects will obtain financial support, such as infrastructure construction, resource development and industrial cooperation etc. The power grid construction may lead the infrastructure construction and expand broader market for the export of electric equipment.

1. The "Belt and Road" initiative promotes the export of electric equipment
Seizing this opportunity, transformer companies are able to speed up the layout of overseas market. Meanwhile, it is obvious that transformer companies have advantages at domestic market. Besides the opportunities brought by "Belt and  Road" initiative, our country has been advancing the construction of smart girds and ultra-high voltage in recent years, which drives the development of transformer industry.

2. The momentum of increasing growth comes soon in the transformer industry
The transformer, power transmission and distribution equipment, is essential for power generation industry. Its demand is closely related to the investment scale of power gird. In recent years, fast development of new-energy power generation industry not only has brought excellent prospects, but also become an important direction for transformer companies to seize segmented market and expand business scope. 

It is reported that the growing demand for electric power in China, India and Middle East has become the major engine of transformer market growth all over the world.  The "Belt and Road" initiative will enhance the cooperation between China and surrounding areas and continue to promote the development of transformer industry.