Three departments issued the "Work Plan for the Stable Growth of the Electric Power Equipment Industry".

The Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the National Energy Administration have issued the "Work Plan for Stable Growth in the Electric Power Equipment Industry." In recent years, the global energy structure has been accelerating its green and low-carbon transformation. China is speeding up the construction of a new type of power system, bringing strong demand to the electric power equipment industry. Overall, the situation for stable growth in the electric power equipment industry is good. The main goals for 2025-2026 are: to maintain an average annual revenue growth rate of around 6% for traditional electric power equipment, with stable or increasing revenue for new energy equipment; to keep power equipment production in a reasonable range, ensuring effective supply and increasing exports of new energy equipment; to strengthen the driving role of key regions and key enterprises, with an average annual revenue growth rate of around 7% for the national advanced manufacturing clusters in the electric power equipment sector, and around 10% for leading enterprises; and to promote breakthroughs and applications of a number of iconic equipment.