Industry Observation | Policy and Demand Resonate, Power Transmission and Distribution Equipment Industry Enters a High-Prosperity Cycle

The start of the 15th Five-Year Plan spurred the accelerated development of the domestic power transmission and distribution industry. State Grid Corporation of China continued to increase its fixed asset investment, and the construction of ultra-high voltage power transmission lines and the intelligent transformation of distribution networks were promoted simultaneously. In overseas markets, the transformation of power grids in developed countries and the infrastructure demand in developing countries resonated, driving up both the volume and price of power transmission and distribution equipment exports, and the industry showed a significant trend of high-quality development.