Power Equipment Sector Outlook: China International Securities Says Export Growth Has Entered a Golden Phase

China International Securities said China’s power equipment exports have entered a golden development phase. According to Jin10, the firm said transformer demand in the U.S. and European markets is among the highest globally, while demand remains strong and supply and demand are tight; Chinese companies’ North American expansion has maintained high growth and may continue to increase market penetration. It also said demand in the U.S. and European markets is expected to remain strong, and that Chinese companies will have room to grow amid rising demand in the Middle East and other non-U.S. markets as well as the siphoning of global capacity by the U.S. and Europe. It said leading export companies continue to deliver on fundamentals, and strong expectations are increasingly becoming reality.