Development prospects of China's power supply industry in 2024- The output value of China's power supply industry is expected to reach 611.4 billion yuan by 2030.

Analysis of Factors Influencing the Development of the Power Supply Industry

Production technology transformation

The development direction of modern power supply technology is shifting from traditional power electronics, which mainly focuses on low-frequency technology to modern power electronics, which mainly focuses on high-frequency problem-solving. Power electronics technology began with silicon rectifier devices in the late 1950s and early 1960s, and has gone through the eras of rectifiers, inverters, and frequency converters. The technological changes in power supply have led power sources from the "DC era" to the "AC era", from the "low-frequency era" to the "high-frequency era". Power sources are becoming smaller and developing towards mechatronics integration. Technological improvements have improved power performance and further promoted the development of the power supply industry.

Policy influencing factors

The State Council, the National Development and Reform Commission, the Ministry of Industry and Information Technology, and other departments have successively issued policies to support and regulate the development of the power supply industry, covering content such as power supply development goal planning and power supply construction standards.

Downstream demand influencing factors

Downstream areas that require power include IT and consumer electronics, new energy, transportation, healthcare, etc. The rapid development of downstream consumer electronics, new energy, and other industries has increased the demand for upstream power sources. Taking communication as an example, the communication power supply system is the heart of the communication system. A stable and reliable communication power supply system is the key to ensuring the safe and reliable operation of the communication system. The communication power supply system occupies a very important position in the communication system. As of the end of 2023, the total number of mobile phone base stations in China exceeded 11.6 million, a year-on-year increase of about 17%. Among them, the total number of 4G base stations is nearly 6.3 million, accounting for over 50%; The total number of 5G base stations is nearly 3.4 million, accounting for about 30%.

Prediction of Development Trends in the Power Supply Industry

Based on the analysis of influencing factors in the power supply industry, combined with the current situation of the industry, it is predicted that the future development of power supply will present the following three trends, including green and high-frequency trends, integrated and diversified development strategies, and a combination of diversified channel strategies.

Prediction of the Development Prospects of the Power Supply Industry

Under the impact of the epidemic in 2020, the export of the power supply industry was severely affected. After the end of the epidemic, the domestic macro economy continued to steadily develop and the global industry accelerated its transfer. China's proportion of development in the global power supply market continued to increase, and a group of industries with certain scale and core competitiveness in segmented fields have grown. At the same time, with the continuous development of the domestic macro economy, especially the continuous investment in new energy vehicles, photovoltaic power generation, data centers, LED lighting and other industries, it has further promoted the rapid growth of the domestic power industry.

According to the prediction of the China Power Supply Association, the growth rate of the market size of China's power supply industry from 2021 to 2023 will be 7.4%, 8.2%, and 8.3%, respectively. Based on the future development prospects of China's power supply related industries and an average growth rate of 8.0%, it is estimated that the output value of China's power supply industry is expected to reach 611.4 billion yuan by 2030.