At present, the global power equipment supply chain continues to be tight, and the short supply of transformers has become the norm in the industry.Affected by the transformation of overseas power grids, grid-connected new energy sources, and the outbreak of concentrated demand for data center construction, the global transformer delivery cycle has been significantly extended, and the delivery cycle in the US market has been extended from 50 weeks to 127 weeks.Against this background, as a national-level specialized and new "little giant" enterprise, Kechang Electricrelies on stable production capacity and technical advantages. Domestic core product orders have been scheduled to 2027. At the same time, it has actively expanded overseas markets and become an important force to stabilize domestic supply and participate in global competition.
1. The global tide of "deficient change" continues, and China's production capacity accounts for 60% of the world.
The global energy transformation has accelerated, and the demand for aging and renewal of power grids in Europe and the United States has been superimposed, and the transformer market has shown a serious mismatch between supply and demand.Data show that China's transformer production capacity accounts for 60% of the world, and its exports will reach 64.6 billion yuan in 2025, an increase of 36% year-on-year. It is the only country in the world with large-scale and stable supply capabilities.The domestic market is also hot, with new energy, UHV supporting, and distribution network transformation projects concentrated on the market, and orders from leading companies are generally scheduled to run at full capacity after 2027.
2. Kechang Electric's full delivery capacity of orders has been recognized by the market
The company has successively won the bid for a number of 10kV-35kV transformers, ring network cabinets and distribution box procurement projects such as State Grid, Inner Mongolia Electric Power, Alashan Power Supply, Baotou power supply, etc.;
Relying on the advantages of Baoding industrial cluster and automated production lines, the company's standard product delivery cycle is controlled at 8-12 weeks, which is significantly better than overseas markets. While guaranteeing domestic power grid transformation and new energy projects, overseas orders have steadily increased.
3. Technology + quality, two-wheel drive, high-end products break through the international market
5%39 independent intellectual property rights, and leads/participates in the formulation of a number of national and group standards.In March 2026, the "intelligent high-voltage switchgear" jointly developed by the company and Hebei Agricultural University won the German iF design award, marking that the product has reached the international advanced level in intelligence, miniaturization and industrial design.
The company has outstanding energy-saving advantages: the no-load loss of the S13/S14 series of low-loss transformers is 45% lower than the national standard, and it is widely used in the transformation of urban and rural power grids.;
650 intelligent high-voltage switchgear, one-to-two fusion ring network cabinets and other products have realized online monitoring and remote control, and have been supplied in bulk in the fields of communications and new energy.;
Taking advantage of the opportunity of "Hebei goods going to sea", products have entered Central Asia, Southeast Asia and other markets, gradually replacing overseas competing products in the "Belt and Road" energy projects.
4. The upward trend of industrial control costs, Kechang uses scale and supply chain advantages to stabilize prices and guarantee supply
Synchronized with the shortage of transformers, industrial control products are affected by the price increase of raw materials such as chips, copper and aluminum. Siemens, Schneider and other brands have raised prices many times during the year.Kechang Electric has effectively controlled costs through centralized procurement, technology cost reduction, and lean production. Since 2026, it has not significantly adjusted the price of mainstream products to provide stable and cost-effective electrical solutions for distribution networks, new energy, and industrial customers.
5. Based on specialization, special and new services, global energy transformation
The relevant person in charge of Kechang Electric said: "The global shortage of transformers is not only a challenge, but also an opportunity for China's electrical equipment to go to the world.Kechang will continue to focus on the main business of power distribution equipment of 35kV and below, with energy-saving, intelligent and reliable products as the core, while ensuring the delivery of domestic orders, it will steadily expand overseas markets and contribute to global energy stability and green transformation. 'Made in China' power."
