According to media reports, the General Office of the National Development and Reform Commission and the Comprehensive Department of the National Energy Administration issued the Implementation Plan for Large-scale Equipment Update in Key Energy Areas, encouraging the overall renovation of old substations and transmission lines, and expediting the update of equipment such as transformers, high-voltage switches, reactive power compensation, and protection measurement and control that have longer operational lifespans and do not meet operational requirements to improve the operational safety capability of the power grid.

China Galaxy released a research report stating that global investment in power grids is increasing, and the export of power equipment is expected. Global investment in power grids is expected to double to 600 billion US dollars by 2030. Benefiting from the high demand brought by industrialization, urbanization, and technological revolution, as well as the updates of outdated power grid equipment in developed economies, global investment in power grids is growing. In 2024, Europe, the United States, China, and parts of Latin America will take the lead, and then the focus will shift from developed economies to emerging markets. Distribution grid investment will still account for the majority of total grid investment.

According to the Financial Data Center, among related listed companies:

The main products of Canaan Intelligent Company are smart meters and electricity information collection terminals, with a focus on customers such as the State Grid and Southern Power Grid.

Huicheng Technology has accumulated more than 20 years of product, technology, and market experience in the distribution equipment industry and has the manufacturing capability of a complete set of distribution network products.