As the largest importer of transformers in the EU, China's cost-effectiveness further opens up the European market
Dec 13,2024
According to the AI Express of the China Business Network, CICC stated in its research report that China's power equipment exports have increased steadily, and it is optimistic about the demand opportunities in the European market. From January to July 2024, the export value of China's major power equipment increased by 17.2% year-on-year, maintaining steady growth, among which the growth rate of exports to the European market was particularly impressive, up 23.9% year-on-year. We believe that under the background of energy transformation, cross-border interconnection, and old renovation, Europe is one of the regions with relatively strong demand for power equipment in recent years. As the largest importer of transformers in the EU, China has a certain performance and brand foundation, and is expected to further open up the European market with its technical strength and cost-effective advantages.
Daily Economic News
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Company's products include: EI type, ring type, R type, CD type, etc. Power transformers, filter reactors, input / output reactors, various types of filter inductors. Products are widely used in various home appliances, power equipment reactive compensation, inverter and other fields.
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