Under the prediction of global technology giant Elon · Musk, the rapid development of AI technology heralds an exponential increase in global electricity consumption. This has been followed by a surge in market demand for transformers, which are key equipment for power conversion. In this article, China Exportsemi web will try to deeply explore the deep reasons behind the shortage of transformers in United States and the opportunities brought by this phenomenon to China's transformer industry.
Musk's prophecy and the importance of transformers
Musk has stressed on several occasions that with the continuous advancement of AI technology, the global demand for electricity will rise sharply. As an indispensable part of the power system, the transformer is not only the role of voltage conversion, but also the key to the stable operation of the power system. According to the International Energy Agency (IEA), global electricity demand has increased by 30% over the past decade and is expected to continue this growth trend over the next decade.
Transformer shortage in United States
The United States, as the world's largest economy, has attracted widespread attention for its transformer market. According to the United States Energy Information Administration (EIA), the average service life of United States transformers has exceeded 25 years, and some equipment has even reached the 70-year service limit. Behind this phenomenon is the contradiction between the sharp growth of market demand and the lack of production capacity. At the same time, the scarcity of raw silicon steel, the reduction of skilled workers, and the aging of equipment have all contributed to the tension in the United States transformer market.
Pictured: Musk said that the outbreak of AI will cause energy problems, and then United States transformers are in short supply
Opportunities for Chinese companies
As the center of the global manufacturing industry, China's transformer industry has a clear competitive advantage. According to the China Electricity Council, China's transformer output reached 270 million kVA in 2023, a year-on-year increase of 15%. Chinese enterprises not only have advantages in production capacity, but also continue to make breakthroughs in technological innovation. For example, the technology of Chinese enterprises in the field of ultra-high voltage and ultra-high voltage transformers has reached the international advanced level.
In the first half of 2023, China's transformer production giant Golddee Technology Co., for example, the company's transformer export orders increased by 158% year-on-year, and the order value exceeded the $1 billion mark. This data fully demonstrates the competitiveness and influence of China's transformer industry in the global market.
With the widespread application of AI technology, the global demand for transformers will continue to grow. Chinese companies should seize this opportunity to strengthen technological innovation and improve product quality to meet the growing demand of the international market. At the same time, Chinese enterprises should also actively participate in the formulation of international standards to enhance the international image of Made in China.
Epilogue
Musk's prediction is not only a prospect of the development of AI technology, but also a deep insight into the global power equipment market. The shortage of the transformer market in United States provides valuable development opportunities for China's transformer industry. Chinese enterprises should make full use of their own advantages, actively participate in global market competition, and contribute to the stable operation of the global power system.
