By YIKA Electric | 07 February 2025 | 0 Comments
Forecast of the development trend of the electric power and high-voltage electrical industry in 2025
Forecast of the development trend of the electric power and high-voltage electrical industry in 2025
In 2025, the global electric power and high-voltage electrical industry will continue to maintain steady growth, but it will also face multiple challenges such as market raw material fluctuations, changes in the international situation and market demand transformation. The following forecasts the development trend of the electric power and high-voltage electrical industry in 2025 from these three aspects:
I. Market raw material fluctuations
1. Fluctuations in the prices of raw materials such as copper and aluminum: Copper, aluminum and other raw materials are the main raw materials for high-voltage electrical equipment, and their price fluctuations will directly affect the industry's costs and profits. It is expected that in 2025, affected by factors such as global economic recovery and tight supply chains, the prices of copper and aluminum will remain high and volatile.
2. Rising costs of insulation materials: With increasingly stringent environmental protection requirements, traditional insulation materials such as epoxy resins will gradually be replaced by environmentally friendly materials, which may lead to rising costs.
3. Tight supply of key components: The tight supply of key components such as IGBT is difficult to ease in the short term, which will restrict the development of the industry.
II. International situation
1. Global economic recovery drives demand growth: Global economic recovery will drive growth in electricity demand, thereby driving market demand for high-voltage electrical equipment.
2. The Belt and Road Initiative brings opportunities: The demand for power infrastructure construction in countries along the Belt and Road is strong, providing a broad market space for Chinese high-voltage electrical enterprises to "go global".
3. Risks of intensified trade frictions: The intensification of international economic and trade frictions such as Sino-US trade frictions may lead to obstruction of high-voltage electrical product exports and increase business risks.
III. Market changes
1. Continuous development of ultra-high voltage transmission technology: Ultra-high voltage transmission technology is an important means to solve the problem of reverse distribution of energy resources and load centers in my country, and it is expected to continue to maintain a rapid development trend in 2025.
2. Intelligent and digital transformation and upgrading: With the rapid development of technologies such as artificial intelligence and big data, high-voltage electrical equipment will transform and upgrade in the direction of intelligence and digitalization to improve equipment operation efficiency and reliability.
3. Growth in demand in the new energy field: The rapid development of new energy power generation such as wind power and photovoltaics will drive the growth of demand for high-voltage electrical equipment in the new energy field.
Summary
In 2025, the electric power high-voltage electrical industry will have both opportunities and challenges. Enterprises need to pay close attention to market changes, actively respond to challenges such as fluctuations in raw material prices and changes in the international situation, and seize opportunities such as ultra-high voltage transmission, intelligent transformation, and new energy development, strengthen technological innovation, and enhance product competitiveness in order to be invincible in the fierce market competition.
Here are some specific forecast data:
1、The global high-voltage electrical equipment market size will grow from US$100 billion in 2022 to US$120 billion in 2025.
2、The length of China's ultra-high voltage transmission lines will increase from 30,000 kilometers in 2022 to 40,000 kilometers in 2025.
3、The global installed capacity of new energy power generation will increase from 3,000GW in 2022 to 4,500GW in 2025.
**Shaping Tomorrow: Exceptional High-Voltage Electrical Products for Dependable Operation**
Market trends of the electrical industry in October 2024
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