Since 2026, the transformer industry has experienced a surge in orders, with the A-share listed transformer companies demonstrating remarkable performance. The accelerated global development of power grid infrastructure, coupled with the escalating demand from Artificial Intelligence Data Centers (AIDC), has spurred companies such as Jinpan Technology to clinch substantial contracts. Many manufacturers in the industry now boast a healthy pipeline of orders. Presently, the industry is grappling with a notable gap between supply and demand, resulting in prolonged delivery times. To address this, leading firms are ramping up their overseas capacity expansion efforts and intensifying their investment in technological research and development. Solid-state transformers are poised to become the preferred next-generation solution within the AIDC realm, although widespread commercial adoption is still on the horizon. It is projected that the transformer industry will continue to enjoy a period of heightened prosperity for the next 2 to 3 years.