Summary
Based on the information from the State Statistical Bureau, General Administration of Custom, Ministry of Commerce , Development Research Center of Sate Council, Transformer Industry Statistic Bureau, National Business Information Center, China Transformer Industry Association, National Economy Monitoring Center, the newspapers and magazines from domestic and oversea, the report made analysis on the current status of China Transformer industry, the development, the import and export, the operation of those big players in China, competition, industry policies and regulation and so on.
We made lots of analysis on the transformer market, it also contains the challenge the enterprises faced and the strategy they made. It is a good study for the transformer enterprises and investors who have interest on the industry to fully understand the industry development, the market operation in China, and to make correct competition strategy and investment plan.
Industry Background
China has became the world' s third largest electrical electronics market, meanwhile China is the fastest growing market in the world. The nationwide power shortage resulted in the great progress of domestic power industry, also directly stimulated the demands for power equipments due to the rapidly increase of investment in power.
The supply of transformer is much more than the demands worldwide. Because China has such a huge transformer market and cheap labour force, as well as the proviso on tendering and bidding for big projects plus the favourable taxation policies, foreign-owned companies, driven by profit, have swarmed into China since the 1990s, more details will be stated in the report.
