Current Status of China's Electrical Complete Equipment Industry and Analysis of the Development Direction of Electrical Equipment
Release Date:
Dec 06,2019
1. Overview of the Electrical Complete Equipment Industry Electrical complete equipment refers to the combination of electrical equipment components including circuit breakers, isolating switches, load switches, fuses, voltage transformers, current transformers, lightning arresters, etc., which are reasonably configured and enclosed together in a metal casing to form a unified electrical equipment unit with relatively complete functions. Electrical complete equipment generally includes Gas Insulated Switchgear (GIS), prefabricated substations, metal-enclosed switchgear (switch cabinets), ring main units, and integrated control cabinets, all of which have been put into practical operation in the power industry.
I. Overview of the Electrical Complete Equipment Industry
Electrical complete equipment refers to the combination of electrical equipment components including circuit breakers, isolating switches, load switches, fuses, voltage transformers, current transformers, and lightning arresters, which are reasonably configured and enclosed together in a metal casing to form a unified electrical equipment unit with relatively complete functions.
Electrical complete equipment generally includes Gas Insulated Metal-Enclosed Switchgear (GIS), box-type substations, metal-enclosed switchgear (switch cabinets), ring main units, and integrated control cabinets, all of which have been put into practical operation in the power industry.
According to the different levels of electricity load applied to the customer market, the industry generally divides the electrical complete equipment market into first-level load market, second-level load market, and third-level load market.

Source: Compiled from public information
With the enhancement of environmental protection quality and power quality standards, the application of electrical complete equipment has also developed rapidly. Looking at the history of the electrical complete equipment industry development, China's electrical complete equipment industry development can be divided into four stages:
Development History of the Electrical Complete Equipment Industry

Source: Compiled from public information
II. Analysis of the Current Operation Status of the Electrical Complete Equipment Industry
The upstream industries of the electrical complete equipment industry mainly include steel, non-ferrous metals, and electrical component manufacturing, while the downstream industries include power, petrochemical, metallurgy, rail transit, and other sectors of the national economy.

Source: Compiled from public information
Electrical complete equipment is widely used in many fields of the national economy, with broad applications and a large market space. With the further development of power technology and the increasing demand of power users for power quality, China's electrical complete equipment market will develop towards intelligence, miniaturization, large capacity, high reliability, maintenance-free, and energy-saving and environmental protection.
Downstream industries such as power grids, power generation, communications, transportation, and petrochemicals are expected to continue expanding, strongly driving the market demand for electrical complete equipment. The upgrade and replacement of smart grids and electrical complete equipment also promote the market expansion of downstream civil electrical equipment.
In recent years, electrical complete equipment has been widely used in power supporting for modern industrial enterprises, new energy development, and real estate construction, with good production and sales momentum. With the continuous growth of power grid construction investment projects and the increased demand driven by railway electrification and urban rail transit construction, the industry will usher in a broader market.

Source: Compiled from public information
III. Analysis of the Competitive Landscape of the Electrical Complete Equipment Industry
Electrical complete equipment has the advantages of stable operation and high reliability, and its application fields in the power industry continue to expand. The industry concentration of electrical complete equipment is also continuously increasing. Currently, the electrical complete equipment industry is mainly occupied by foreign-funded enterprises such as ABB and Schneider, while major domestic companies include Zhenjiang Moeller Electric, Henan Senyuan Electric, and Guoxuan High-tech. In the future, with the technological progress of domestic enterprises, the industry concentration will further increase.

Source: Compiled from public information
With the rapid growth of electricity consumption in modern life, the demand for electricity reliability is also continuously increasing, and the application of electrical complete equipment will become increasingly widespread.
At the same time, with the acceleration of smart grid construction, the future power system must achieve optimized control not only at the control layer but also intelligentization of primary electrical equipment to ensure highly reliable power supply. To achieve intelligent electrical complete equipment, advanced automatic control technology must be adopted for remote control and remote adjustment of electrical equipment.
Intelligent electrical complete equipment centralizes protection, control, monitoring, and measurement of the entire power transmission and distribution system, realizing automation of the distribution network and laying a foundation for wide-area detection and diagnostic systems in the power system, ensuring safe operation. The high-voltage electrical specialty must not only adapt to the trend of integration and mutual penetration among various specialties, breaking professional barriers, but also integrate with electronics, computer technology, and secondary systems to better realize the intelligence of electrical equipment.
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