Currently, the global popularization of consumer electronics, smart devices and the improvement of AI terminal computing power have formed a resonance. As a core component for power conversion (distinguished from power electronic transformers), the electronic transformer industry presents a high prosperity trend. At the same time, technological iteration and market differentiation go hand in hand, ushering in a critical stage of high-quality development. It should be clarified that UHV does not belong to the category of electronic transformers, and its related transformers belong to the field of power transformers.

In terms of the current industry situation, both supply and demand sides show distinct characteristics. On the supply side, China has become the world's core production base for electronic transformers, with production capacity accounting for more than 60% of the world. From January to September 2026, the export volume reached 35.092 billion yuan, a year-on-year increase of 52.73%, maintaining a high growth trend. Export products are upgrading from conventional models to high-value-added products. On the demand side, multiple fields drive the explosive growth of demand. The domestic market scale is expected to reach 215 billion yuan in 2026, a year-on-year increase of about 7.8%. Among them, the proportion of orders for high-end products related to AI terminal equipment, consumer electronics and smart wearables exceeds 35%, and the orders of leading enterprises have been scheduled to 2027 or even 2028. At the same time, the industry competition pattern is differentiated. Leading enterprises occupy the high-end market with technological advantages, with the CR10 share exceeding 50%, while the low-end market still has fierce homogeneous competition.

Policies and technologies have injected strong momentum into the industry's development. The national "2024-2025 Energy Conservation and Carbon Reduction Action Plan" continues to exert force, and the GB 20052-2024 energy efficiency standard is enforced, promoting the penetration rate of high-efficiency and energy-saving products to exceed 65% in 2026. At the technical level, new materials such as amorphous alloys and nanocrystals are widely used, intelligent monitoring, digital twin and other technologies are integrated into products, and solid-state transformers have entered the pilot and commercial landing stage, leading the industry towards high efficiency and intelligence. The localization rate of key materials of domestic enterprises has reached 82%.

Looking ahead, the industry has broad growth space. It is predicted that the global electronic transformer market scale will reach 10.246 billion US dollars by 2030, and China will account for 45% of the global market share. The three major engines of consumer electronics upgrading, AI terminal popularization and smart home landing will continue to exert force, driving the rapid growth of miniaturized and high-efficiency electronic transformer segments. At the same time, global layout will bring more opportunities for enterprises with certification advantages. Insiders said that the industry will accelerate the transformation towards "miniaturization, high efficiency and intelligence" in the future, and technological innovation and product miniaturization capacity will become the core competitiveness of enterprises.