Smart grid construction will enter the peak of investment in the next five years

From the "Twelfth Five-Year Plan" and the State Grid tendering situation, the focus of power grid construction focuses on the development of UHV and smart grids. The UHV transmission grid is expected to usher in the construction peak from 2012 to 2015, which will bring nearly 220 billion yuan in demand for power equipment; smart grid construction includes generation, transmission, substation, power distribution, electricity, and dispatch, and is expected to be in the next five. In the year of ushering in the peak of construction investment, it will bring over 620 billion yuan in demand for power equipment.

According to the analysis of Huatai United Securities, it will be optimistic about the long-term opportunities for the primary and secondary equipment industries in UHV and smart grid power grid construction. The primary equipment refers to the equipment used in the main system of transmission, transmission and distribution, such as generators and transformers; the secondary equipment refers to the equipment that controls, protects, monitors and measures the primary equipment, such as measuring instruments and relays. Operation switch and so on.

CICC believes that as for the specific beneficiary products, the future market capacity will be calculated as follows: smart meters (7.1 billion to 9 billion), energy storage batteries (an average of 4.5 billion to 6 billion in the market), and smart substations (4 to 4 billion to 4.5 billion) , flexible transmission (2.9 billion to 4.1 billion), electric vehicle charging cabinet (2.6 billion to 3 billion), distribution automation (1.8 to 2 billion), intelligent dispatch (1.8 to 2 billion), and transformer on-line monitoring device (10 Billion to 1.2 billion).

It is estimated that by 2015, the UHV power grids in North China, East China and Central China will be completed, forming a pattern of “three vertical and three horizontal and one horizontal grid”. Huatai United Securities predicts that during the "Twelfth Five-Year Plan" period, China's AC-DC UHV total investment will reach 350 billion to 400 billion yuan.