In 2025, China's electrical equipment industry will show vigorous development driven by both policy benefits and technological innovation.
2025-10-15
By 2025, China's electrical equipment industry is expected to experience robust growth driven by both policy incentives and technological innovation. On the policy front, the government has provided support through documents such as the “High-Quality Development Plan for Manufacturing (2021-2025),” offering fiscal subsidies and tax breaks. It is projected that policy support will increase by 20% by 2025. Additionally, documents like the “Blue Book on the Development of New Power Systems” have outlined upgrade paths for technologies such as smart grids and ultra-high voltage, injecting long-term certainty into the industry. In terms of market size, benefiting from accelerated infrastructure construction and growing demand for industrial automation, the domestic market size is expected to maintain an annual growth rate of 5% from 2025 to 2030, reaching 1.2 trillion yuan.
Technological upgrades have become the core competitiveness of the industry, with significant trends toward intelligence and green development. By 2030, the market share of intelligent equipment is expected to exceed 50%, with technologies such as smart sensors and digital twins enabling remote monitoring and fault warning for equipment. Environmental regulations will drive a 15% increase in the industry's environmental compliance rate after 2025, leading to surging demand for products like energy-saving transformers and environmentally friendly switchgear. Breakthroughs in technologies like ultra-high voltage transmission and flexible DC transmission will address the challenge of large-scale integration of renewable energy, further stimulating demand for updated equipment.
The market competition landscape is characterized by “concentration at the top and internal and external competition.” Currently, the top five companies hold over 60% of the market share, and it is expected that this concentration will increase to 70% by 2030. International giants such as Schneider and ABB dominate the high-end market with their technological advantages, while domestic companies are expanding into international markets through independent innovation, with exports expected to grow by 15% after 2025. In terms of regional markets, central and western regions are benefiting from infrastructure development, with market share expected to grow by 10% by 2025, becoming a new growth driver.
Looking ahead, as the Belt and Road Initiative progresses and emerging industries release demand, the industry will see greater development opportunities in intelligent transformation, green manufacturing, and international market expansion. Companies must continue to increase R&D investment to capitalize on the opportunities brought by policy and technological advancements.
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