Electrical Components and Equipment

HPEC

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GRID

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State Grid Jiangsu highlighted its 99.996% power reliability and streamlined grid access for international businesses at the 18th "Taicang Day" event in Munich. The company emphasized its low-carbon power supply, reduced connection costs, and infrastructure investments in Suzhou, which hosts over 560 German firms. Innovations like "Plug-and-Play" power access and improved service for enterprises have saved customers over 10 billion yuan. Jiangsu's renewable energy initiatives include a carbon accounting system and a resilient power supply framework, achieving 51 years without a major blackout.

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JSNE

Penghua SSE STAR New Energy ETF

GF CSI All Share Power Public Service ETF

ChinaAMC CSI Grid Equipment Thematic ETF

ChinaAMC Green Electricity ETF

Fisr Trust Nasdaq Clean Edge Smart Grid Infra

Bosera CSI All Share Electric Utilities ETF

05:36 ETState Grid Jiangsu Highlights 99.996% Power Reliability and Streamlined Grid Access for International Businesses Utility outlines low-carbon power supply, reduced connection costs, and investor-focused infrastructure in Suzhou

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China's State Grid plans to invest 31 billion yuan in pumped storage projects, expecting that by 2030, the installed capacity will exceed 78 million kilowatts, providing over 150 million kilowatts of power regulation capacity. This investment will promote the coordinated development of power supply, electrical equipment, and other enterprises, driving upstream and downstream investments in the industrial chain to exceed 60 billion yuan

AASTOCKS

POWERCHINA Ltd

GCEG

CYPC

NARI-TECH

DEC.LTD

GDPD

YNHC

HEGC

Zhe jiang Provincial New Energy

ZHEFU

Wenergy Co.,Ltd.

Shenergy

XJEC

NBEG

The State Grid plans to invest 31 billion RMB in pumped storage projects this year

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The latest research report from Morgan Stanley reveals that the US large power transformer (LPT) market is in a rare supply-demand mismatch window. Driven by multiple factors—including a 30% five-year growth in data center electricity demand and large-scale renewable energy integration—domestic US production covers only one-third of actual demand, with import dependency exceeding 85%. New factories will not come online until 2027 at the earliest, locking in a supplier-dominated landscape through 2030. Seven manufacturers, including Hyundai Electric and GEV, now see significant room for upward profit revisions

- The U.S. is experiencing a transformer supercycle driven by grid upgrades, renewable energy transitions, and explosive growth in data centers.  
- Demand for large power transformers is projected to grow at a compound annual growth rate of approximately 14%, with a significant supply-demand imbalance expected to last until at least 2030.  
- By 2035, around 78% of incremental electricity demand will come from data centers, leading to an anticipated power supply gap of 9 to 18 GW, while domestic production of transformers will not keep pace with this increasing demand.

Wallstreetcn

GE Vernova

Select Sect Spdr Util

Tradr 2X Long GEV Daily ETF

E Fund CSI Green Power ETF

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ISHRS S&P Glb Utilities

Penghua CSI All Share Utilities ETF

AI Wave plus Grid Overhaul: Morgan Stanley Proclaims US Transformer Supercycle to Last Until 2030

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The global power transformer market is experiencing a supply-demand imbalance, with Chinese manufacturers accelerating their market share acquisition. A Goldman Sachs report indicates that China's exports of transformers over 10MVA increased by 61% year-on-year in January-February 2026, with exports to the U.S. surging by 182%. The U.S. transformer supply-demand gap is expected to persist until 2028, with the deficit revised upwards from 72% to approximately 60%. Rapid demand growth coupled with lagging domestic production capacity are the primary reasons. U.S. transformer demand is projected to increase by 9% to 12% in 2027-2028, while domestic capacity is expected to grow by only 2% to 4%

- The global power transformer market is experiencing a significant supply-demand imbalance, with Chinese manufacturers rapidly expanding their international market share.  
- A report by Goldman Sachs indicates that from January to February 2026, China's exports of transformers over 10 MVA surged by 61% year-on-year, particularly notable for a 182% increase in exports to the U.S.  
- Despite the increased exports, China's share of the U.S. transformer market remains around 4%, indicating substantial potential for growth amidst a continuing supply shortage.

China XD

TBEA

Global "Transformer Shortage"! China's Exports Surge 61% in Two Months, U.S. Exports Skyrocket 182%, U.S. Shortage May Last Until 2028

According to the State Grid, the Anhui-Hubei Power Mutual Assistance Project officially started construction today (March 20) in Anqing City, Anhui Province. Once completed, it will become a flexible power mutual assistance hub between Anhui and Hubei

The Anhui-Hubei Power Mutual Aid Project started construction today

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State Grid Corp. of China plans to accelerate investment in power grids, aligning with Beijing's strategy to stabilize economic growth and boost infrastructure spending. This initiative aims to enhance the country's energy infrastructure and support overall economic development.

CoinLive

XCEP

SMHC

YGSOFT

GWYD

MXEP

FULING POWER

China's State Grid Boosts Investment in Power Grids to Support Growth

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HSBC's research report points out that the market in the Year of the Horse will focus on five major themes: solar energy and hydrogen energy, the 14th Five-Year Plan, power grids, and green fuels. Defensive industries still hold value, and nuclear energy is worth attention. The report mentions that specific equipment manufacturers in the solar energy supply chain and hydrogen producers will benefit from new demand. The target price for CIMC ENRIC has been raised to HKD 12.5, maintaining a "Buy" rating, while GCL TECH, HPEC, and CKI HOLDINGS have also been given "Buy" ratings

CIMC ENRIC

GCL TECH

CKI HOLDINGS

HSBC Research: Stock Selection in the Year of the Horse Focuses on Five Major Themes, Urges Buy on CIMC ENRIC, GCL TECH, CKI HOLDINGS, etc

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Systematic and large-scale promotion, the ultra-high voltage industry chain maintains high prosperity

36Kr

Hiconics

JSSMDL

SINOSUN

IESLAB

CREAT

DALIAN INSULATOR

SIEYUAN

Tianwei

Changshu Fengfan Co.,Ltd.

ZHIGUANG

QLPIPESINDUSTRY

Systematic and large-scale promotion, the ultra-high voltage industry chain maintains a high level of prosperity

The global AI computing power construction has entered an explosive period, with transformers becoming core infrastructure, and orders have been scheduled until 2027. Transformer factories are operating at full capacity, and the delivery cycle for some products in the United States has been extended to 127 weeks. China has become the world's largest transformer producer, with an expected total export value of 64.6 billion yuan by 2025. As the electricity consumption for computing power increases significantly, transformers play an important role in power supply, and several large power projects are underway to meet the growing demand for computing power

Orders have been scheduled until the end of 2027! "Power Heart," global orders surge!

HPEC(600312.SH)

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05:36 ETState Grid Jiangsu Highlights 99.996% Power Reliability and Streamlined Grid Access for International Businesses Utility outlines low-carbon power supply, reduced connection costs, and investor-focused infrastructure in Suzhou

The State Grid plans to invest 31 billion RMB in pumped storage projects this year

AI Wave plus Grid Overhaul: Morgan Stanley Proclaims US Transformer Supercycle to Last Until 2030

Global "Transformer Shortage"! China's Exports Surge 61% in Two Months, U.S. Exports Skyrocket 182%, U.S. Shortage May Last Until 2028

The Anhui-Hubei Power Mutual Aid Project started construction today