Multi-industry inverter demand surge

In the next two to three years, the frequency converter will further increase its demand in the fields of electric power, metallurgy, coal, petrochemicals, cement, papermaking, municipal administration, and transportation, thereby contributing to the continuous expansion of the market scale. It is estimated that the market size of this industry will reach 34.56 billion yuan this year.

Since the beginning of the 21st century, the growth rate of China's inverter market has been as high as 20%, far exceeding the GDP growth rate over the same period. The expansion of the market and the diversification of customer demand have prompted the continuous improvement of the functions of the inverter products on the domestic market. The degree of integration and systemization is getting higher and higher, and the operation is more convenient. There are special inverter products suitable for some special industries.

At the same time, the application of frequency converters is also expanding. From the factory's production and processing equipment to the central air conditioning, from heavy machinery to the textile industry, from 0.4KW low power to 900KW high power motors have been widely used, and achieved significant economic benefits.

According to reports, China's inverter industry has maintained a rapid development momentum in recent years. In 2008, the industry realized sales revenue of 14.580 billion yuan, a year-on-year increase of 27.00%. In 2009, it achieved sales revenue of 16.580 billion yuan, an increase of 13.72% year-on-year. Sales revenue was 20.810 billion yuan, a year-on-year increase of 20.40%.

On the whole, although the global economy continued to slump under the influence of the financial crisis in 2008-2009, China’s economy still maintained a relatively rapid growth trend. China’s inverter companies were not affected much, and a series of economic revitalization plans were issued in China. And vigorously promote energy conservation and environmental protection under the great background, the domestic inverter market demand, industry development is fast and stable.

In the next two to three years, the frequency converter will further increase its demand in the fields of electric power, metallurgy, coal, petrochemicals, cement, papermaking, municipal administration, and transportation, thereby contributing to the continuous expansion of the market scale. It is estimated that the market size of the industry this year will reach 34.56 billion yuan, and the market growth rate will be 28.52%.