Increased market concentration of high-voltage frequency converters

At present, foreign brands in China's inverter market still dominate, and it is still not easy to incite its position. Suppliers are still dominated by foreign brands and occupy 80% of the market share.

From the perspective of the number of brands, foreign brands have more than 40, most of which are medium and low-voltage inverters, and a small number of high-voltage products.

At present, there are about 200 domestic manufacturers of low-voltage inverters. From the comparison of foreign brands and local brands, domestic brands are divided into two categories. One is to have their own R&D institutions and to invest resources in product and technology development. Companies account for about 30% of domestic brands, while others are engaged in imitation or OEM business.

Although there are certain gaps in domestic brands in terms of management, capital, and technology, the gap has been narrowing gradually in the past two years. Some leading local brand companies have already approached foreign brands in product sales, R&D, and product quality.

Experts believe that in the current market situation, after fierce market competition, some manufacturers will surely be eliminated. At the same time, due to certain industry barriers in the inverter industry, it is difficult to have a large number of new entrants in the short term. The market share will surely be concentrated on the surviving enterprises, and the increase in industry concentration will be an inevitable trend.

Market demand continues to increase The increase in high-voltage inverter market competition is mainly due to increasing domestic market demand.

By the end of the “Twelfth Five-Year Plan” period, the market size of high-voltage inverters will reach 12.1 billion yuan. According to the growth characteristics of the high-voltage inverter market in recent years, the growth of high-voltage inverters in China will remain at more than 15% in the next few years.

With the continuous development of local high-voltage frequency converters in China, the product failure rate is continuously decreasing, the product cost-effectiveness advantage is obvious, the import substitution space is expanded, and the global renewable energy inverter market has a large appreciation space. The potential of China's high-voltage inverters The market is about 120 billion to 180 billion yuan, so the field of application of high-voltage inverter will be more extensive, the market will be more active, and will diversify in the future.

With the development of modern electronic technology and microelectronics technology, the industry of high-voltage frequency converters continues to mature. High-voltage inverters cover a wide range of fields, including electricity, metallurgy, coal, and petrochemicals, among which the share of power, metallurgy, and cement industries is increasing year by year.

High-voltage inverters are an integral part of many large automation projects. At the same time, high-voltage inverters are the main force and vanguard of energy conservation and emission reduction, and they have huge market demand in the future. In 2011, the oil and gas, mining, cement, and petrochemical industries accounted for about 50% of the domestic market for high-voltage inverters, of which the market size of the cement industry reached 1.201 billion yuan, which is the largest market among the four industries, accounting for 16% of the total.

"These industries are mostly high-energy-consuming industries, and their energy-saving and emission-reducing tasks are of major importance. Since high-voltage inverters are less affected by the economic cycle, they are greatly affected by the relevant national policies. The enormous pressure of energy saving and emission reduction in the 12th Five-Year Plan period in China. Next, the high-voltage inverter market has opened up space for appreciation,” said a manufacturer.

According to reports, high-voltage inverters are currently used in fans, pumps, compressors, rolling mills and other equipment. Not only can they improve the process, extend equipment life, and increase work efficiency, but the most important thing is that energy savings can be achieved.