China’s Power Equipment Exports Jump 26% as Emerging Markets Ramp Up Grid Spending
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
A batch of wind power equipment is exported overseas from Lianyungang, Jiangsu province, on Feb. 25, 2026. Photo: VCG
China’s exports of power equipment rose 26% to $37.4 billion in 2025, extending a three-year growth streak as emerging economies accelerate investments in electricity infrastructure.
The surge highlights China’s growing role in supplying equipment for the global shift toward renewable energy and the rapid expansion of data centers, even as rising trade barriers in developed economies force Chinese manufacturers to adjust their overseas strategies.
You've accessed an article available only to subscribers
VIEW OPTIONS
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
- RELATED
Share this article
Open WeChat and scan the QR code
- DIGEST HUB
Digest Hub
Back
Explore the story in 30 seconds
- China’s power equipment exports rose 26% to $37.4 billion in 2025, led by transformers and cables (41% of total).
- Emerging economies, especially Saudi Arabia, drove growth, while the U.S. remained the largest market but its share fell to 6.3%.
- Global electricity demand is set to grow 3.5% annually through 2030, with investment in grids rising 50% and data centers boosting backup generator exports.
AI generated, for reference only
Who’s Who
- Yantai Jereh Oilfield Services Group Co. Ltd.
- Yantai Jereh Oilfield Services Group Co. Ltd. (Jereh) is a Shenzhen-listed Chinese company. Its subsidiary, GenSystems Power Solutions LLC, secured an $182 million contract in February 2026 to supply gas-turbine generators to a U.S. client. This deal represents about 9.5% of Jereh's audited 2024 revenue and is the company's fourth such agreement since November 2025. Jereh established a U.S. manufacturing base in 2008.
- GenSystems Power Solutions LLC
- GenSystems Power Solutions LLC recently secured an **$182 million contract** to provide **gas-turbine generators** to a client in the **United States**. This subsidiary of Shenzhen-listed Yantai Jereh Oilfield Services Group Co. Ltd. (Jereh) has now signed four such agreements since November 2025.
AI generated, for reference only
What Happened When
- 2008：
- Jereh established a U.S. manufacturing base.
- 2023：
- Saudi Arabia accounted for 1.3% of Chinese power equipment shipments.
- 2023：
- The U.S. accounted for 8.3% of Chinese power equipment shipments.
- 2024：
- Reference year for Jereh's audited revenue used to contextualize the February 2026 contract value.
- 2025：
- China's exports of power equipment rose 26% to $37.4 billion, marking the third consecutive year of growth.
- 2025：
- Transformer exports from China increased more than 45% to $7.7 billion.
- 2025：
- Saudi Arabia became the fastest-growing and second-largest destination for Chinese power equipment, accounting for 5.3% of shipments.
- 2025：
- The U.S. remained the largest single market for China's power equipment exports, but its share fell to 6.3%.
- 2025：
- U.S. power consumption rose by 2.1%.
- By November 2025：
- Jereh completed its fourth overseas gas-turbine generator contract since this date.
- February 1, 2026：
- Yantai Jereh Oilfield Services Group Co. Ltd. announced its subsidiary signed a $182 million gas-turbine generator contract with a U.S. client.
- February 2026：
- The International Energy Agency projected, in a report, average annual global electricity demand growth of more than 3.5% between 2026 and 2030.
AI generated, for reference only
- PODCAST
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新