This report mainly combs the data of main business income，main business cost，total profit and other indicators of our country’s electrical equipment industry in 2019 and 2020，combined with the growth rate of industrial added value of our country’s electrical equipment industry in 2019 and 2020. It analyzes the growth indicators of China’s electrical equipment industry in 2019 and 2020，such as operating capacity，profitability，and solvency，and discusses the current status and future development trends of our country’s electrical equipment industry. The results show that in 2019-2020，our country’s electrical equipment industry has been affected by the slowdown in global economic growth and the decline in our country’s power investment，the industry growth rate has slowed down，and the operating capacity has declined slightly. In recent years，with the further optimization of the energy structure，new energy sources of electric power have become a new growth point of the industry，and the structure of the transmission network has been continuously improved. Although some technologies in the domestic electrical equipment industry have reached the international advanced level，some core technologies are still at the international advanced level. There is a gap，and the development of the industry still faces problems such as low industry concentration. It is necessary to further improve the research and development of core technologies，and improve the competitiveness of the industry through measures such as independent innovation.