Core Insights - The electric grid equipment sector is experiencing a strong performance, with companies like ShunNa Co., Baiyun Electric, and Sanbian Technology reaching their daily price limits due to the surge in demand for transformers as core infrastructure for AI computing power [1][4] - In regions like Guangdong and Jiangsu, transformer factories are operating at full capacity, with some orders for data center-related business extending to 2027 [1] Registration Data - In 2025, a total of 12,700 transformer-related companies were registered in China, marking a 4.9% increase compared to the same period in 2024 [4][6] - The majority of new registrations are concentrated in East China, accounting for 42.7%, followed by South China at 24.9%, while Northwest and Northeast regions have significantly fewer registrations at 4.6% and 3.1%, respectively [6] Existing Company Stock - The stock of transformer-related companies in China has been steadily increasing over the past decade, surpassing 100,000 in 2020 and reaching 138,000 by the end of 2025 [10] - As of February 2, 2026, there are currently 139,000 existing transformer-related companies in China [10]
中国变压器全球爆单，去年国内超4成变压器相关企业注册在华东
Qi Cha Cha·2026-02-02 08:16