At present, China's power equipment industry is in a critical period of transformation from being a "runner up" to a "leader in parallel". However, there are also some issues that cannot be ignored in the development of the power equipment industry. During the 13th Five Year Plan period, with the deepening of the new round of electricity reform and the "Made in China 2025" strategy, China's power equipment manufacturing industry will usher in a new round of development opportunities.

1、 The current situation of China's power equipment manufacturing industry

Since the 1980s, especially after the electricity reform in 2002, China has continuously increased investment in the power industry, and the power equipment manufacturing industry has also achieved rapid development. The industrial scale and operating income have rapidly increased, but problems such as overcapacity, export decline, and investment decline have also become increasingly prominent.

Since entering the 21st century, China's power equipment manufacturing industry has achieved rapid development, with significant improvements in industrial scale and operational efficiency. However, compared with the world's power equipment powerhouse, there are still certain gaps in the industrial structure, quality efficiency, and sustainable development ability of China's power equipment industry. Key equipment and core components still rely on imports, and the high-end production capacity of power equipment is relatively insufficient, exacerbating the overcapacity in the middle and low end.

At present, most domestic power equipment manufacturing enterprises have reduced profits due to overcapacity in the industry, low price competition, insufficient research and development investment, lagging behind foreign competitors in forward-looking and basic common technology research, lagging behind the development of basic materials, basic processes, and key components, and lacking well-known brands with international influence.

Therefore, accelerating the integration of new generation information technology and advanced manufacturing technology, vigorously promoting intelligent manufacturing, improving the quality and efficiency of power equipment, reducing costs and resource energy consumption, has become the key to the transformation and upgrading of China's power equipment industry. Promoting intelligent manufacturing can effectively enhance the core competitiveness of China's power equipment industry enterprises, accelerate product innovation and intelligent development, and thus build new international competitive advantages in China's power equipment industry.