Why It Matters
This trend highlights the ongoing challenges in global supply chains for critical energy infrastructure and positions China as a pivotal player in meeting worldwide demand for grid modernization and expansion.
Key Intelligence
- ■China's transformer exports have achieved a record high in value.
- ■The surge is a direct response to a significant global shortage of power transformers.
- ■This development underscores China's critical role in supplying essential components for global energy infrastructure.