According to this newspaper, since 2026, the global power transformer market has experienced a buying frenzy. Chinese-made transformers, leveraging their complete industrial chain advantages, have been snapped up by European and American customers even with a 30% price increase. Currently, overseas orders are booked until 2029, and the industry's high prosperity continues to climb. Data from the General Administration of Customs shows that in 2025, my country's cumulative transformer exports reached 64.6 billion yuan, a year-on-year increase of nearly 36%, with the average export price per unit rising to 205,000 yuan, a year-on-year increase of about one-third, demonstrating the industry's outstanding export performance.

The competitiveness of China's transformer industry stems from its profound technological accumulation and complete industrial chain support capabilities. Currently, one out of every two newly manufactured transformers globally uses grain-oriented silicon steel produced by China Baowu Steel Group—a core material known as the "jewel in the crown of steel." China accounts for over 50% of global production capacity for this material, making it difficult for global transformer production to bypass the Chinese supply chain. At the same time, Chinese companies can provide complete industrial chain support services, with regular order delivery cycles of only 6 to 12 months and expedited orders completed in 3 months. Compared to the 120 to 210 week delivery cycles of European and American companies, this creates an unshakeable advantage. The surge in demand in the European and American markets, coupled with the shortcomings of domestic industries, has further highlighted the core competitiveness of Chinese transformer manufacturers. In recent years, Europe and the United States have shut down large-scale high-energy-consuming steel production capacity, cutting off the domestic supply chain for grain-oriented silicon steel. Simultaneously, they face a shortage of 25,000 skilled electrical workers, resulting in a severe shortage of domestic transformer production capacity. Coupled with the dual pressures of aging and upgrading power grids in Europe and the United States, and the surging power demands of AI data centers, local buyers have had to actively seek cooperation with Chinese suppliers. Chinese companies, represented by TBEA, achieved over 80% year-on-year growth in overseas contract value by 2025, exporting not only equipment but also a complete "standards + operation and maintenance" solution, continuously consolidating their global market influence.