Driven by three major trends—the profound transformation of the global energy structure, accelerated deployment of new-type power systems, and large-scale construction of AI computing centers—power transformers, as core equipment for power transmission, have evolved from traditional industrial components into essential hard currency for global energy infrastructure and digital infrastructure. A tense situation of scrambling for installation, procurement, and delivery has emerged in many countries, and the industry has officially entered a period of tight global supply-demand balance. According to CCTV News, transformer manufacturers across many regions in China are currently operating at full capacity, with multiple production lines running continuously on two-shift or three-shift schedules. Order backlogs at leading enterprises have been scheduled until the end of 2027, and delivery cycles for high-end customized transformers for supercomputing and AI data centers have been further delayed until 2029, exacerbating the global shortage of transformers.

Customs and industry statistics show that China’s total export value of transformers reached 64.6 billion yuan in 2025, a substantial year-on-year increase of nearly 36%, hitting a record high. The average unit price of exported transformers climbed to 205,000 yuan, a rise of about one-third from the previous year, presenting a strong pattern of simultaneous growth in both volume and price. This marks a leap of China’s transformer industry from scale advantage to value advantage. As the world’s largest transformer producer, China relies on its complete industrial chain, stable capacity supply and technological upgrading to become a core pillar in easing the global shortage, commanding a dominant share in scenarios such as grid renewal in Europe and the United States, power capacity expansion in Southeast Asia, new energy supporting facilities in the Middle East, and AI computing infrastructure in North America.

The order performance of industry leaders and key enterprises provides a direct confirmation of this round of global prosperity. Jiangxi Transformer Technology Co., Ltd. held nearly 700 million yuan of orders in hand in 2026, of which over 600 million yuan were export orders, accounting for more than 90%. Its products are mainly supplied to overseas high-end power grids and computing center projects, with explosive growth in overseas demand. Relying on intelligent manufacturing and global channels, Pingdingshan Tiansheng Electric in Henan Province saw its order volume surge by 60% year-on-year in January 2026, with current production scheduled until the middle of the year. The enterprise dispatches dozens of transformers daily, and its export network covers more than 90 countries and regions worldwide, including major markets along the Belt and Road, Europe, the United States, Latin America and Africa.

On the demand side, the global renovation of aging power grids, grid connection of large-scale new energy bases, popularization of UHV cross-regional power transmission, coupled with megawatt-level power supply and upgrading of high-voltage direct power distribution architectures in AI data centers, have jointly driven the demand for high-power, low-loss and high-reliability transformers. On the supply side, the shortage continues to widen due to capacity contraction of overseas manufacturers, raw material price fluctuations and prolonged delivery cycles. Against this backdrop, China’s transformer industry has quickly filled the global gap with its comprehensive advantages of mature technology, stable delivery, controllable costs and high-end breakthroughs. Covering products from traditional distribution transformers to high-voltage and UHV products above 500 kV, and from general models to customized models for data centers, it has fully integrated into the mainstream global supply chain, becoming a critical equipment supplier supporting global energy transition and digital economic development.