China's Transformer Exports Reach Record High Amid AI Computing Surge
China's transformer exports hit a record CNY64.6 billion (USD8.9 billion) in 2022, a 36% increase from the previous year, driven by AI computing growth. The average unit price rose to CNY205,000 (USD28,200). With a 60% global market share, China's complete supply chain supports strong demand from Southeast Asia, Europe, and the Middle East. The International Energy Agency projects global data center power demand to double by 2030, with a 30% supply gap for transformers, highlighting the urgency for increased production.
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In 2022, China's transformer exports reached a record CNY64.6 billion (USD8.9 billion), up 36% year-on-year, driven by the growth of AI computing power. The average price per unit increased to CNY205,000 (USD28,200).
China produces about 60% of global transformers and has a robust supply chain. Major importing regions include Southeast Asia, Europe, the Middle East, and Africa. The International Energy Agency forecasts that global data center power demand will double by 2030, contributing to a projected 30% supply gap for transformers. China's manufacturing capabilities and technological advancements are expected to maintain strong export growth.
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