What DAQO LTD. does

Daqo Group Co., Ltd. is a privately held Chinese electrical distribution equipment manufacturer established in 1989 and headquartered in Yangzhong, Jiangsu Province. The company operates a vertically integrated product portfolio spanning low-voltage and medium-voltage switchgear (including proprietary DQM, MODAQO-M, KYN28-12, DQC-40.5, and UR4 series), transformers, busbar trunking systems, prefabricated substations (SIK E-House), power automation equipment, cable trays, and circuit breakers. Its newer business lines cover new energy solutions — flywheel energy storage (QDNY-FW), high-voltage cascaded battery storage (TLEN-C), alkaline membranes for hydrogen production (AEM), EV charging piles, and power electronics such as polysilicon reduction power supplies and marine inverters.

The company serves over 10,000 clients across industrial and infrastructure segments including power generation (nuclear, thermal, hydro), renewable energy integration, data centers, petroleum and petrochemicals (Sinopec, Saudi Aramco), mining/metals (Indonesia nickel projects), rail transit (Shenzhen Metro), and utilities. Revenue is generated primarily through direct enterprise sales of quote-priced hardware on a project-by-project basis, supplemented by joint-venture distribution with Siemens (Zhenjiang Siemens Busbar Trunking), Eaton/Klockner-Moeller, and Secheron. Go-to-market combines a direct enterprise field-sales force, regional sales offices in North America (San Jose, est. 2009) and Europe (Frankfurt), and active participation in major international exhibitions including Hannover Messe, SNEC, The smarter E Europe, and Enlit.

A separate but historically related entity, Daqo New Energy Corp. (polysilicon/solar), was NYSE-listed in October 2010, but Daqo Group Co., Ltd. itself remains private. International certifications (KEMA, CE, CB, TÜV, UL, ASTA) and a 1,000+ patent portfolio anchor the technology proposition. Leadership is family-oriented, with Chairman Xu Guangfu, President Xu Xiang, and CEO Ge Fei.

Name

DAQO LTD.

Legal name

Daqo Group Co., Ltd.

Website

https://en.daqo.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1–10 employees

Short description

Daqo Group is a privately held Chinese electrical equipment manufacturer founded in 1989 that produces low- and medium-voltage switchgear, transformers, busbar systems, prefabricated substations, energy storage, and power electronics for industrial, utility, and infrastructure customers across more than 10,000 client relationships worldwide.

Ownership category

akta.pro rank

Product category

Electrical Distribution Equipment

NAICS

Power, Distribution, and Specialty Transformer Manufacturing (335311), Electrical Equipment Manufacturing (3353), Electrical Equipment, Appliance, and Component Manufacturing (335)

SIC

Power, Distribution & Specialty Transformers (3612), Switchgear & Switchboard Apparatus (3613), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Substations, Transformers & Grid Step-Up Facilities (EHV Substations, GSU Transformers) (EUAMAFAE)

akta.pro secondary industries

Distribution Automation (DA) Field Integration (Reclosers, Switches, Capacitors, Regulators) (EUAEANAC), Control Room HMI/Visualization, Alarm & Event Management (EUADAEAJ)

Keywords

• Electrical distribution equipment
• Low-voltage switchgear
• Power transformers
• Energy storage systems
• Prefabricated substations

Headquarters

HQ city

Yangzhong

HQ country

China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Electrical Equipment Sales: Direct sales of electrical distribution equipment including switchgear, transformers, busbar systems, prefabricated substations, power automation equipment, and components to industrial and infrastructure customers.
2. New Energy Solutions: Sales of energy storage systems, solar/wind power integration equipment, hydrogen production components, and related power electronics products for renewable energy applications.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Daqo Group manufactures and supplies comprehensive electrical distribution equipment, including low-voltage and medium/high-voltage switchgear, transformers, busbar trunking systems, prefabricated substations, and power automation systems. The company also delivers new energy solutions such as flywheel and lithium battery energy storage systems, power electronics for renewable energy applications, and EV charging infrastructure, serving industrial, utility, and infrastructure customers worldwide.

Product overview

Daqo Group is an electrical distribution equipment manufacturer offering comprehensive power distribution solutions. The product portfolio includes four main categories: Electrical Equipment (low-voltage and medium-voltage switchgear, digital switchgear, transformers, busbar trunking systems, cable trays, prefabricated substations), New Energy (flywheel energy storage, lithium battery energy storage systems, alkaline membranes for hydrogen production), Power Electronics (polysilicon reduction power supplies, marine inverters, EV charging piles), and Components (circuit breakers). The products serve diverse sectors including power energy storage, wind and solar power generation, data centers, petroleum refining, chemicals, and rail transit. Daqo integrates intelligent and digital capabilities through platforms like DQY-Cloud for remote monitoring and fault diagnosis.

Differentiator

Problem solved

Functional benefit

Products and services

• DQM Intelligent Low-Voltage Switchgear Independently developed intelligent low-voltage switchgear with robust structure, reliable performance, flexible design, and easy operation; passed anti-seismic, internal arc, and salt spray tests, obtained KEMA certification and 7500A type test certification.
• MODAQO-M Intelligent Low-Voltage Switchgear Modular intelligent low-voltage power distribution system with flexible design, safety and reliability, easy operation, and cost-effective configuration; used as power distribution center, motor control center, or centralized power and lighting control system.
• SIVACON S8 Intelligent Low-Voltage Switchgear Low-voltage switchgear with modular design, premium performance, and reliable quality for safe, flexible, and intelligent power distribution across industrial manufacturing, data centers, commercial buildings, and infrastructure sectors.
• DQS-24 AIR Eco-Friendly Gas Insulated Ring Main Unit SF6-free eco-friendly gas insulated ring main unit suitable for power distribution applications; eliminates SF6 greenhouse gas usage while maintaining performance standards.
• KYN28-12 Digital Switchgear Armored metal-enclosed switchgear suitable for 3-phase AC 50Hz / 3.6~12kV single busbar and single busbar section power systems; used for receiving and distributing electrical energy and for controlling, protecting, and monitoring circuits.
• DQC-40.5 Gas Insulated Digital Switchgear Fully enclosed gas insulated digital switchgear with all live parts enclosed in a stainless steel housing, ensuring operational reliability, personal safety, and maintenance-free characteristics with high current and high breaking capacity.
• UR4 Series Digital Switchgear Medium-voltage switchgear with over 20 years of design, production, and operation experience; the only authorized cabinet type by Eaton in China, equipped with Eaton-branded NVU12 and 150VCP-WG vacuum circuit breakers.
• SCB Series 10kV Energy Saving Dry-Type Power Transformer 10kV epoxy resin casting dry-type power transformer with voltage class of 10kV and maximum capacity of 5000kVA, used for voltage conversion in power grids for 3 phase, 50/60Hz power supply systems.
• ZGS New Energy Integrated Transformer New energy integrated transformer suitable for 50Hz/60Hz systems with voltage below 40kV and rated capacity 500-4000kVA, used for power supply and distribution in photovoltaic power plants.
• XL-III Compact Busbar Trunking System Compact busbar trunking system suitable for high-capacity power transmission and distribution systems with 3 phase AC 50Hz / 1000V, widely used in automobiles, industrial enterprises, and airports.
• XQJ Series Steel Cable Tray Steel cable tray available in tray type and ladder type with anti-corrosion treatments including hot-dip galvanizing, electro-galvanizing, and electrostatic spraying.
• BGFM Non-Segregated Phase Bus Duct Non-segregated phase bus duct for plant distribution circuits, power transmission between transformers and switchgear, and generator output circuits below 100 MW.
• SIK E-House Cubicle type substation designed for renewable energy power generation with high robustness and internal fault arc testing, used in wind power, photovoltaic, and energy storage applications.
• IFT-DQ913 Intelligent Integrated Terminal Device Core device for new generation power distribution stations featuring edge computing and on-site autonomous decision making, supporting power distribution and electricity consumption collection.
• DQY-Cloud Daqo Smart Industrial Cloud System Cloud platform that optimizes power distribution system operations, conducts remote fault diagnosis and intelligent operation and maintenance, improves efficiency, and supports dual carbon targets.
• DQY-C2000 Communication Management Unit Data collection and processing unit for telecontrol applications between relay protection devices, intelligent equipment, and remote dispatching centers.
• QDNY-FW Flywheel Energy Storage Device Emerging flywheel energy storage device with advantages over traditional chemical storage including safety, environmental protection, deep charge/discharge capability, high cycle count, high frequency modulation, wide temperature range, zero attenuation, and zero maintenance.
• TLEN-C Series High-Voltage Cascaded Energy Storage System High-voltage cascaded lithium battery energy storage system with leading domestic and advanced international technology, composed of boost cabin, battery cabin, and EMS system; widely used in power systems and industrial production.
• AEM Alkaline Membrane Ultra microporous alkaline anion exchange membrane products based on high-stability polyarylpiperidine polymers with high ionic conductivity and strong alkali stability, used in hydrogen production.
• DQPRAS Full Digital Polysilicon Reduction Power Supply Device Independently developed full digital polysilicon reduction power supply device with leading domestic and advanced international technology, designed for polysilicon reduction furnace power supply applications.
• DQNY-IPS Marine Inverter Power Supply 1MW marine domestic inverter power supply for marine cabin equipment with efficiency ≥0.97, complying with CCS marine specifications.
• DQY-CY9200 Electric Vehicle Charging Pile Electric vehicle charging piles including AC charging piles (7kW, 11kW, 21kW) and 60kW AC charging system with real-time communication via 4G/5G networks.
• DQV-12 Indoor Intelligent High-Voltage Vacuum Circuit Breaker New generation indoor intelligent high-voltage vacuum circuit breaker with internationally leading levels, meeting GB/T1984, DL/T403, and IEC62271-100 standards.
• DQS-38 Series SF6 Gas-Insulated Ring Main Unit SF6 gas-insulated ring main unit released as part of Daqo's medium-voltage switchgear portfolio.

Quantifiable outcome

• Over 10,000 clients worldwide trust Daqo products
• +2 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature6 records

Partnerships

17 partnerships are on record, tiered regional, major, core and supporting.

• Gemex EnergíaregionalStrategic or Co-development Partner · 4 June 2026Daqo International and Gemex Energía signed MoU to advance renewable energy and power infrastructure development in Mexico.
• Nurizon EnergyregionalStrategic or Co-development Partner · 8 April 2026Daqo International and Nurizon Energy partnered to strengthen power infrastructure services in Southern Europe, leveraging complementary capabilities.
• Jayme da CostaregionalStrategic or Co-development Partner · 27 March 2026Daqo International and Jayme da Costa signed MoU to advance power infrastructure projects in Portugal, expanding Daqo's presence in Southern Europe.
• Elsewedy ElectricmajorStrategic or Co-development Partner · 19 May 2025Daqo Group and Elsewedy Electric signed MoU to advance grid modernization across the Middle East and Africa regions, moving toward strategic partnership.
• Huaneng RenewablesmajorStrategic or Co-development Partner · 1 January 2024Daqo Group and Huaneng Renewables signed Strategic Cooperation Agreement for renewable energy projects collaboration.
• EatoncoreStrategic or Co-development Partner · 19 October 2015Zhenjiang Klockner-Moeller Electrical Systems Co., Ltd. (a Daqo subsidiary) signed cooperation agreement with Eaton for continued strategic partnership. The relationship spans over 22 years with joint manufacturing and technology sharing. Eaton is a global leader in power management with over a century of innovation heritage.
• SiemenscoreStrategic or Co-development PartnerDaqo Group established Zhenjiang Siemens Busbar Trunking System Co., Ltd. as a joint venture with Siemens. The partnership includes technology licensing for SIVACON S8 switchgear and ongoing cooperation in busbar systems. Daqo Group also signed project cooperation agreements with Siemens in Germany for intelligent low-voltage control cabinet and information management enhancement projects.
• New York Stock Exchange (NYSE)majorOthersDAQO New Energy Corp. was successfully listed on the NYSE in October 2010. NYSE President Mr. LEIBOWITZ hosted a breakfast meeting and Xu Guangfu participated in opening bell ceremony.
• GoodWeregionalStrategic or Co-development PartnerDaqo Group and GoodWe deepened collaboration to advance global renewable energy projects, combining solar inverter and power distribution expertise.
• POWERCHINA ChengdumajorStrategic or Co-development PartnerDaqo Group and POWERCHINA Chengdu Signed Strategic Cooperation Agreement for power infrastructure projects.
• SAPsupportingTechnology or IntegrationDaqo Group signed cooperation agreement with SAP Company in Germany for information management enhancement project as part of digital transformation initiatives.
• China Naval Engineering UniversitycoreStrategic or Co-development PartnerDaqo Group established National New Energy Access Equipment R&D Center in cooperation with China Naval Engineering University in Wuhan, focusing on wind power converter technology and new energy access equipment.
• Inter Action Corporation (Japan)regionalChannel Partner/ Reseller/ DistributorNanjing Daqo New Energy Company signed cooperation agreement with Inter Action Corporation from Japan for 200MW PV power plant development, establishing 50/50 joint venture company with total investment of 60 billion yen over three years.
• ALSTOMsupportingChannel Partner/ Reseller/ DistributorDaqo Enclosed Busduct Company passed ALSTOM supplier qualification audit, which included assessment of quality assurance, design, HR management, product management, capacity, and equipment management.
• ABBsupportingStrategic or Co-development PartnerDaqo Intelligent and ABB (China) hold high-level exchange meeting to explore potential cooperation opportunities.
• Lee Li Holdings (Canada)regionalStrategic or Co-development PartnerChairman Lee Q. Shim of Canada's Lee Li Holdings visited Daqo Group for strategic cooperation talks.
• Xi'an Jiaotong UniversitysupportingStrategic or Co-development PartnerDaqo Group and Xi'an Jiaotong University signed cooperation agreement for Advanced Electrical Technology Institute to collaborate on research and development.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Siemens: Strategic JV partner of Daqo via Zhenjiang Siemens Busbar Trunking and SIVACON S8 technology licensing; simultaneously a direct competitor in low-voltage switchgear and industrial power distribution globally.
• Schneider Electric: Direct peer in low-voltage and medium-voltage switchgear, motor control, and prefabricated substations; strong overlap with Daqo's data center, industrial, and infrastructure customer segments.
• Sieyuan Electric: Chinese T&D equipment manufacturer specializing in HV GIS, transformers, and switchgear; a direct competitor in the same domestic and export utility markets as Daqo.
• ABB: Global leader in power distribution switchgear, transformers, and substation systems with product lines that directly overlap Daqo's LV/MV switchgear, transformers, and prefabricated substation offerings, particularly in utility and industrial segments.
• Hitachi Energy: Global T&D equipment leader in transformers, GIS switchgear, and grid automation — a near-direct competitor for Daqo's transformer, high-voltage switchgear, and DQY-Cloud automation portfolio.
• Chint Electric: Chinese peer in low-voltage electrical equipment, switchgear, and power distribution components, with overlapping product breadth and domestic customer base.
• TBEA: Largest Chinese transformer manufacturer and a top domestic peer of Daqo Group, competing across power and specialty transformers as well as EHV substations and EPC delivery.
• XJ Electric: Major Chinese peer in T&D equipment, GIS switchgear, and protection/automation, competing with Daqo for utility and industrial customers across China.
• Eaton: Long-standing JV partner of Daqo via Zhenjiang Klockner-Moeller and authorized UR4 cabinet manufacturer in China; competes head-on in MV switchgear and power distribution components.

Regional players

• Powell Industries: US-headquartered manufacturer of medium-voltage switchgear, power distribution buildings, and E-Houses; comparable to Daqo's SIK E-House and MV switchgear but focused on North American oil & gas and utility customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@DaqoInternational
• LinkedInlinkedin.com/company/daqo-ltd.

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DAQO LTD.