전력 장비 기업의 성장 및 시장 동향 분석

### 41조 원 규모의 전력 분야 투자 속에서 주목해야 할 국내 전력기자재 기업과 종목 분석
* 💰 전력 분야에 **41조 원이 투자**된다는 긍정적인 소식에 송전망 건설 사업 관련주들의 상승세가 재점화되고 있습니다.
* 📈 **41조원 투자 이슈로 전력 관련 주가가 단기적으로 상승**했지만, 법적 구속력이 없어 언제든 무너질 수 있습니다.
* 🌐 노후 인프라 교체, 재생 에너지 발전 증가, 미-중 분쟁의 영향을 받는 지역의 인프라 확충 등의 요인으로 인해 **전 세계적으로 전력 장비에 대한 수요가 증가**할 것으로 예상됩니다.
* 📈 지난 15~20년 동안 전력 소비량은 특히 **AI 데이터센터의 성장**에 힘입어 크게 증가했으며, 이는 **산업 성장의 여지**가 상당하다는 것을 의미합니다.
* 🔋 그러나 **단기적인 변동과 기술 발전**으로 인해 전기 요금에 큰 차이가 발생할 수 있으므로 주의해야 합니다.
* 🚗 미국의 CEO 부채 문제와 같은 문제를 해결하고 **전기차와 비트코인 채굴을 촉진**하면 전력 수요는 더욱 증가할 것입니다.
* 🏭 현대일렉트릭은 국내 전력기기 업체 중 선두주자로 꼽히지만, 주목할 만한 이슈에 따라 **주요 관심 종목이 바뀔 수 있으므로 벤치마크 설정에 유연성**을 발휘할 필요가 있습니다.

국내 전력기기 산업, 특히 현대일렉트릭은 41조 원 규모의 전력 분야 투자로 인해 호실적을 보이고 있습니다.

In the past, when there were issues related to shortages of electricity, we saw a cycle of about 6 years. Compared to global peer groups, the performance levels of power equipment companies in Korea are much better. Companies like Hyundai Electric have now reached a level almost similar to that of second-tier companies. Depending on how Korean policies are implemented, the momentum itself can change. In fact, the domestic and overseas markets are completely different. The early-year rally, which was somewhat hesitant, is gaining momentum again with the positive news of the 41 trillion won investment in the power sector. Let's analyze the related contents and take a look at the stocks we need to keep an eye on. I am here with Director Ha Chang-hwan from Hermes Star. Hello. Hello, how are you? Stocks related to the 41 trillion won transmission network construction project seem to be showing strong performance.

There was a bit of hesitation and adjustment in the pattern, so could you please explain the related content and meaning first? Well, in a way, you could say that this issue emerged as a bit of a savior for power-related devices. When this issue arose, on that day, a new coverage report on Hyosung China, HD Hyundai Electric, was released, and the target price actually came out quite aggressively compared to the closing price at that time. Consequently, as there was already a bit of a rebound in the situation, when this 41 trillion issue suddenly emerged, it was like, What is this? There is still a lot of upward momentum due to these kinds of issues, but the problem is that, as you know, it doesn't have legal binding force. Therefore, there are parts where this could collapse at any time, so this issue is more of a short-term one.

Watching Momentum Play seems appropriate, and actually, looking at things other than the story is correct. Basically, in the U.S., there is a cycle of replacing old toilets every ten years, and there is still a lot of demand for it, so you should pay attention to that. Next, recently, issues related to the generation of energy itself are arising, such as violence and solar energy. Similarly, with nuclear power generation. However, after creating such things, the electricity needs to be transferred. For that to happen, excess transformers are needed again. But the installation volume is increasing explosively not only in the U.S. but also in Europe. This is an environment where the consumption demand for electricity will inevitably increase, so you need to pay attention to this. Additionally, there are issues in the U.S.-China conflict.

Due to this, infrastructure expansion in China will continue until 2026. This expansion will now extend to neighboring countries over the next 27 years. Therefore, due to conflicts between the United States and China, new cables need to be laid in new areas, and energy movement needs to be created. As a result, the region itself is undergoing significant expansion. In addition, in terms of the Northeast Asia region, if we want to restore the power struggle in the Russian region, of course, electricity is needed. The same goes for the Middle East. There is so much momentum right now that you don't need to focus too much on geopolitics. You should consider the flow of basic industries and the fact that there is still a lot of room for industrial growth. When looking at the cycle of past power shortage issues, it took six years. From that perspective, there is still a lot of room for industrial growth, and the difference between then and now is...

The amount of electricity consumption itself is overwhelmingly different from 15 or 20 years ago. So, in these AI data centers where companies like Apple and Google are globally leading, if the demand for electricity increases due to operations such as open source, will this explosion be similar to the growth of past industries? No, it will be even greater. Therefore, in this regard, there is still plenty of room for growth, but we need to be cautious about the issues and the significant gap between the monthly and weekly electricity bills due to technological advancements. It is a situation where we need to be careful about short-term differences. It would be good to summarize. Even CEOs are facing serious debt issues in the United States. However, resolving these debt issues will require a huge amount of electricity, especially when looking at electric cars in the United States.

Bitcoin mining and such require a tremendous amount of electricity. In the case of the United States, there is a shortage of it. However, this issue is not unique to the U.S.; countries worldwide are facing the need for investment in their power grids. As discussed in previous broadcasts, the analysis of power equipment was thorough. In the future, we need to keep an eye on the momentum. For example, the demand for renewable energy is expected to increase significantly. This sector has been steadily rising for quite some time, not just in the short term. Therefore, this issue has already been exposed. Looking at the current stock price levels, in the past, there was a story where the PR level of Korean power equipment companies was not as good as that of global peer groups.

The gameplay has progressed, and now, in the case of HD Hyundai Electric, it has become almost similar to the 2nd generation. So, now, we need to visually confirm the trends of industrial growth to see, Ah, this growth percentage hasn't ended yet, and identify situations where we need to confirm. Therefore, now you need to check the export data for MOM, and then you can see the trend for orders received. In the past, the cycles of this industry and momentum were so strong and long-lasting that there weren't really any major issues with just buying at any time. But from now on, it seems that we have reached a point where we need to examine these data more carefully. The 11th power supply plan has been released in Korea, and now, in terms of nuclear power generation and SMR.

A new topic has been introduced, and then another topic will be discussed, which is related to power transformation and transmission. Depending on how it is approached, the momentum itself can vary. In fact, domestic and overseas situations are completely different. In overseas cases, companies like HD Electric, Hyundai Heavy Industries, LS Electric, etc., are mainly focused on high-voltage and transformer-related areas. On the other hand, in South Korea, when it comes to the power sector, companies like Jaeryong Industrial and Jaeryong Electric are more influential, of course. Starting from companies like Semung Electric, various companies have an impact as we move domestically. Therefore, you should pay attention to the fact that there may be differences in such aspects. Next, in terms of power conversion, as I mentioned earlier, due to the US-China conflict, the situation in the region is changing. In this regard, the relevance to submarine cables will definitely expand.

There are only two companies that are essential in Korea, LS Cable & System and Daehan Electric Wire. When it comes to that momentum, it is necessary to divide them into three categories because groups and industries are clearly divided into sectors. Checking up to that point would be sufficient. In the power sector, if we still have to pick a favorite, as we have done before and will continue to do so in the future whenever there are broadcasts, the starting point is definitely Hyundai Electric. This is inevitable. In the power industry, regardless, these trends related to the exchange cycle and parts of renewable energy need to be sent out no matter what momentum is seen. Therefore, the demand for these transformers will inevitably be the highest. That's why it holds the greatest momentum in that regard and is exporting the most from the United States.

There are a lot of orders for HD Hyundai Electric, so the benchmark should be to look at this stock. However, as I mentioned earlier, if various issues related to the industry are currently scattered, then depending on those issues, the main stocks can change. So, if it is said to be domestic, it would be appropriate to look at stocks like Jae-ryong Industry. If you look at the ship cable, you should look towards the LS Group. Therefore, you need to divide and look in that direction. So, if you oversee it, you can say that it is the leader of HD Hyundai Electric, but depending on the issues that are drawing attention, the leader may change, so you need to be flexible in changing the benchmark.

I would like to emphasize a bit. Understood. Please refer to the information I provided today and I hope you will have a successful investment. Thank you for today's words. Thank you.

전력기기 과거와 차원이 다른 수요 폭발한다! 호재에 따른 종목 차별화 '이렇게' 보세요 ㅣ 하창완 본부장 [찐코노미]

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41조 원 규모의 전력 분야 투자가 미치는 영향

현대일렉트릭을 비롯한 국내 전력기기 업체들은 단기적인 모멘텀을 제공했지만 법적 구속력이 부족한 41조원 규모의 전력 분야 투자로 인해 긍정적인 상승세를 경험하고 있습니다.

에너지 발전 이슈와 미-중 갈등으로 인한 전력 인프라 수요 증가는 국내는 물론 전 세계적으로 전력 기자재 기업에 우호적인 환경을 조성하고 있습니다.

미국과 유럽에서 과잉 변압기 설치량이 폭발적으로 증가하고 있으며, 이는 전력 소비 수요가 증가하고 있음을 나타냅니다.

중국의 지속적인 인프라 확장과 전 세계에 미치는 영향

중국의 인프라 확장은 2026년까지 계속될 예정이며 향후 27년 동안 주변 국가로 확장될 것입니다.

이러한 확장은 새로운 지역에 새로운 케이블을 설치하고 미국과의 갈등으로 인한 에너지 이동의 필요성에 의해 주도되고 있습니다.

특히 AI 데이터 센터와 전기 자동차로의 전환으로 인한 전력 수요 증가는 미국의 CEO 부채 문제에도 불구하고 전 세계적으로 상당한 산업 성장을 이끌 것으로 예상됩니다.

비트코인 채굴이 글로벌 전력망에 미치는 영향

비트코인 채굴 및 이와 유사한 활동으로 인해 전력 수요가 급증하면서 미국에서는 전력 부족 현상이 발생하고 있습니다.

이 문제는 미국에만 국한된 문제가 아니며 전력망에 대한 전 세계적인 투자가 필요합니다.

재생 에너지에 대한 수요 증가는 계속될 것으로 예상되므로 산업 성장과 전력 장비 트렌드에 더욱 관심을 기울여야 할 필요가 있습니다.

전력 분야에서는 기업마다 영향력이 다른데, 해외 기업은 고압과 변압기를 중심으로, 국내에서는 재룡산업과 재룡전기 같은 한국 기업이 영향력을 발휘하고 있습니다.

미-중 갈등으로 인해 해저 케이블의 중요성이 확대되고 있으며, 국내에서는 LS전선과 대한전선이 핵심 기업입니다.

현대일렉트릭은 전력업종 최선호주이며, 미국 내 수요와 수출이 높은 송변전 및 신재생에너지 부품에서 핵심적인 역할을 담당하고 있습니다.

전기 산업에서 변화하는 주식 벤치마크

현대일렉트릭은 높은 수요로 주목해야 할 주요 종목이지만 업계 이슈에 따라 기준이 바뀔 수 있습니다.

재룡산업은 내수 관련 종목이고, LS그룹은 선박 케이블 부문에서 중요한 종목입니다.

업황 이슈에 따라 업종 대표주가 바뀔 수 있으므로 벤치마크 선택의 유연성이 중요합니다.