HD Hyundai Electric Raises 2026 Order Target to $5.185 Billion

Reflecting Increased Demand for 765kV Ultra-High Voltage Transformers

HD Hyundai Electric has raised its 2026 order target from the previous $4.222 billion to $5.185 billion (approximately 8 trillion won).

On July 6, HD Hyundai Electric announced through a revised disclosure that it has increased its 2026 order target by $963 million to $5.185 billion, up 22.8% from the previous goal.

This upward revision reflects the outlook for increased orders across major product lines, including power transformers, distribution equipment, and rotating machines.

Orders for power transformers are rapidly increasing, driven by expanded investment in North American power infrastructure and rising demand for 765kV ultra-high voltage transformers. With the expansion of the company’s second manufacturing plant in North America scheduled for completion in April next year, preemptive orders are also being secured.

For distribution equipment, demand for distribution transformers continues to rise steadily in line with the expansion of North American data centers. For rotating machines, the shortage of gas turbines has led to increased demand for onshore generators used in data centers.

HD Hyundai Electric plans to continue strengthening its order competitiveness based on the global expansion of power infrastructure investments and the growth of the North American data center market.

A representative from HD Hyundai Electric stated, "We have raised our 2026 order target to reflect the outlook for increased orders of key product lines, such as ultra-high voltage power transformers, distribution transformers, and rotating machines," adding, "We will maintain our selective order-taking strategy focused on profitability to ensure stable growth."

Previously, HD Hyundai Electric also raised its order targets twice in 2023, in April and July, in response to growing global demand for power infrastructure.

This content was produced with the assistance of AI translation services.