This year's medium voltage inverter sales guaranteed

In 2014, sales of medium-voltage inverters in China are expected to increase, resulting from the increasing demand for medium-voltage inverters in various industries. In the Americas, especially in Latin America, continued strong sales in the United States and Canada will drive sales throughout the Americas. In China's high-voltage power supply market, domestic brands account for more than 70% of the total number of brands, but the market share is only about 24%.

Although the market share of domestic-funded brands is rapidly expanding, most markets are still occupied by more than a dozen European and American brands and Japanese brands. China's inverter market will not reach saturation until the next 10 years, and the annual growth rate of the market will remain above 15% during the period.

The demand for medium-voltage inverters in various industries in the next five years will lead to a completely different medium-voltage inverter market. In a challenging economic environment, pushing these changes will be more important than ever.

At present, China's inverter supporting industry is relatively weak. Generally speaking, domestic brands have a gap with foreign brands in terms of technology, manufacturing, industrial design, and financial strength, especially with Siemens and ABB. The gap between the giants is even more pronounced. With the rise of local brands, the market share of domestic-funded inverter companies is gradually expanding, especially in recent years, there has been a trend to accelerate the substitution of foreign brands.