电力装备迎来新一轮稳增长，扩大国内有效需求和开拓国际市场并行

Core Viewpoint - The electric equipment industry is a crucial sector for industrial economic growth, and the recently issued "Electric Equipment Industry Stabilization Growth Work Plan (2025-2026)" aims to enhance domestic demand, accelerate equipment application, and optimize the industry environment to support economic stability [1][3]. Summary by Sections Policy and Market Response - The Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the National Energy Administration jointly released the plan, which has positively impacted the A-share electric equipment sector, leading to significant stock price increases for several companies [1]. - The electric equipment industry is experiencing robust demand due to the global transition to a green and low-carbon energy structure, with the current installed power generation capacity reaching 3.65 billion kilowatts [2]. Goals and Adjustments - The plan sets four main goals for the electric equipment industry from 2025 to 2026, including maintaining a 6% annual revenue growth for traditional electric equipment and increasing the export volume of new energy equipment [3]. - Compared to the previous plan, the new plan emphasizes differentiated planning for various types of equipment and includes a focus on international market expansion [3]. Strategic Focus Areas - The plan emphasizes three strategic areas: enhancing the combination of quality supply and effective demand, integrating domestic and international markets, and aligning economic growth with industrial upgrading [4]. - The Ministry of Industry and Information Technology highlights the importance of quality improvement to drive reasonable growth in quantity [5]. Supply and Demand Initiatives - On the supply side, the plan aims to enhance supply capacity by improving equipment quality and promoting green and intelligent transformation [7]. - On the demand side, it seeks to expand effective domestic demand through major engineering projects and actively explore international markets, particularly in wind, solar, and energy storage sectors [8]. Environmental and Infrastructure Development - The plan proposes several measures to optimize the industry environment, including promoting innovative product applications and enhancing industry standards [8]. - Significant investments in high-voltage power projects are expected to exceed 800 billion yuan, which will support the upstream and downstream supply chains and accelerate energy transition [9].