The frequency converter is widely used in the production of power electronic devices, production of drive protection integrated circuits, electrical transmission and system control technologies, etc. As the country gradually leans and supports the construction of the Internet of Things in terms of funds and policies, the inverter may break the current Bottleneck, usher in another spring in the development process.
Current status of the inverter industry In the past 20 years, China's inverter industry has gradually matured from its infancy to the current stage, and it has developed rapidly. Since the beginning of the 21st century, the growth rate of the medium- and low-voltage inverter market in China has exceeded 20%, far exceeding the level of GDP growth in recent years. In 2006, the market capacity of medium- and low-voltage inverters in China has reached about 7.6 billion yuan.
Considering the advantages of the inverter itself, the development speed, status and potential of the industry and the market, and the favorable macro environment, the development prospects of China's low- and medium-voltage inverter industry are very optimistic. However, there are potential risks for the production companies in the industry, especially the local production companies.
At present, there are more than 300 inverter manufacturers on the domestic market, and their strength and scale are uneven. Individual companies still use workshop-style production models. With the intensification of market competition, many brands are destined to be phased out. The future inverter market will be a market with higher brand concentration and more orderly competition; foreign brands still dominate the medium and low voltage inverter market in China. status. The history of the establishment of most domestic companies in China is not long. Many new products enter the market in a short period of time. It is difficult to compete with long-established international brands in terms of product maturity and brand awareness.
Of course, there are many reasons constraining the development of China's inverter companies. For example, the operations of some inverter manufacturers are outsourced, such as the outsourcing of certain inverter components. If they are not managed properly, there will be potential risks. In addition, due to competitive pressures, a company may choose to concentrate its funds and technology to develop a single product and market, resulting in a single operating situation, such as the production of a special inverter suitable for a certain industry.
Since the 21st century, China's inverter industry is highly fragmented. Many foreign brands built factories in China and implemented localized operations. The personnel and funds of the original domestic-funded brands were continuously separated, and many companies were established, mainly concentrated in coastal areas such as Guangdong, Zhejiang, Shandong, and Shanghai.
At present, there are more than 300 inverter manufacturers on the domestic market, and the main brands are also maintained at around 20 to 30. Foreign brands still dominate the Chinese medium and low voltage inverter market. The history of the establishment of most domestic companies in China is not long. Many new products enter the market in a short period of time. It is difficult to compete with long-established international brands in terms of product maturity and brand awareness.
The domestic inverter market started with the entry of foreign brands, and the foreign brands were predominant. The strength of China's inverter supporting industry is relatively weak, and there is a certain gap between domestic brands and foreign brands in terms of technology, manufacturing, industrial design, and the strength of funds. At present, the share of foreign brands in the domestic inverter market is about 70%. Local inverter companies mainly produce V/F control products. For products with superior performance and high technological content, such as vector inverters, most companies in China have not yet developed mature products.
It is understood that foreign brands still dominate the domestic medium and low voltage inverter market. Mainly ABB, Siemens, Fuji Electric, Mitsubishi Electric, Yaskawa Electric, Delta, Schneider, Emerson, Danfoss and other brands, occupy the top 12 low-voltage inverter market in China.
The largest domestic company, Infinity, is already ranked 13th. Other companies are even smaller.
Therefore, China's inverter market is still price-oriented, which may lead to many international brands in the country to promote the inverter model and international differences, but also for the local drive brand development provides a certain opportunity. 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 of accelerating the substitution of foreign brands. Although it does not have the strength to compete with top international brands such as Siemens and ABB, it shows certain competitive advantages in some segmented products and markets, and its market share gradually expands. It is expected that the market share of domestic brands will surpass that of European and American brands in the next few years.
The development of frequency converters is a long way to go due to technical and capital strength and other constraints, resulting in the development of China's inverter "situation." According to industry experts' forecasts, it is understood that in recent years, China's inverter market has maintained a growth rate of 12-15%, and it is expected that it will maintain a growth rate of at least 10% over the next five years. At present, the growth rate of the installed capacity (power) of the upconverter in the Chinese market is actually around 20%. It is expected that at least 10 years later, the inverter market will become saturated and gradually mature.
Inverters have been unprecedentedly developed and applied in the fields of cement, elevators, printing, electric power, and other modernizations as well as medicine, communications, transportation, transportation, electric power, electronics, and environmental protection. Almost all industries in the national economy are inseparable from inverters. From the standpoint of product advantages, through high-quality control of motor speed and improvement of manufacturing process standards, inverters will not only help improve the level of manufacturing processes, especially in the field of fine processing, but also can effectively save energy, and are currently the most ideal and promising. Motor energy-saving equipment.
With the introduction of the Twelfth Five-Year Plan, inverters will be able to go hand in hand with power electronics technology, motor control methods, and automation control levels to achieve common development. This confirms the old saying: The prospects are good, and the road ahead is rugged. China's inverter industry will certainly take the opportunity to break the current development bottleneck and usher in the spring of the industry!
We are optimistic about the technology of Huichuan, the company is positioned in low-end high-end products, improve the industrial automation control system industry chain, support the company's rapid growth, give overweight rating; optimistic about Invensys, low-voltage inverter to the horizontal expansion of high-voltage inverter, the company's servo system The development progressed smoothly, giving the company an overweight rating; Rongxin shares a position in reactive power compensation equipment with a market share of more than 50%; MABZ Gas automatically discharges more than 90% of the market share of the equipment, and is based on inverters and MABZ products. The production capacity of RGM products to be developed will soon be released, and the surplus heat power generation system will have sufficient orders, giving the company an overweight rating.
Inverter industry will maintain high-speed growth In 2010, the inverter industry growth rate reached 27.27%, mainly in the low-voltage inverter last year, supply exceeds 30%, the first time there is a higher than the high-voltage inverter growth, high-voltage inverter The growth rate was 22.7%. High-voltage inverter competition intensified, prices continue to decline.
After calculation, the future inverter industry will continue to maintain a rapid growth of about 20%.
Import and substitute space of medium- and low-voltage inverters should not overlook the high-voltage inverter market share of about 30%, medium- and low-voltage inverters account for about 70% of the share, high-voltage inverter domestic brand market share reached 80%, import substitution space is quite small, The medium and low-voltage inverters are all concentrated in low-end products, and the competition is fierce. The domestic brand market share is only about 30%, and it is optimistic about the future to mid-to-high-end alternatives.
Localization of IGBT electronic components drives the cost reduction of inverters The main suppliers of IGBTs are Germany and Japan. At present, some Chinese manufacturers have started to develop and produce IGBTs. The future domesticization of IGBTs will make the main raw material costs of inverters fall.
Current status of the inverter industry In the past 20 years, China's inverter industry has gradually matured from its infancy to the current stage, and it has developed rapidly. Since the beginning of the 21st century, the growth rate of the medium- and low-voltage inverter market in China has exceeded 20%, far exceeding the level of GDP growth in recent years. In 2006, the market capacity of medium- and low-voltage inverters in China has reached about 7.6 billion yuan.
Considering the advantages of the inverter itself, the development speed, status and potential of the industry and the market, and the favorable macro environment, the development prospects of China's low- and medium-voltage inverter industry are very optimistic. However, there are potential risks for the production companies in the industry, especially the local production companies.
At present, there are more than 300 inverter manufacturers on the domestic market, and their strength and scale are uneven. Individual companies still use workshop-style production models. With the intensification of market competition, many brands are destined to be phased out. The future inverter market will be a market with higher brand concentration and more orderly competition; foreign brands still dominate the medium and low voltage inverter market in China. status. The history of the establishment of most domestic companies in China is not long. Many new products enter the market in a short period of time. It is difficult to compete with long-established international brands in terms of product maturity and brand awareness.
Of course, there are many reasons constraining the development of China's inverter companies. For example, the operations of some inverter manufacturers are outsourced, such as the outsourcing of certain inverter components. If they are not managed properly, there will be potential risks. In addition, due to competitive pressures, a company may choose to concentrate its funds and technology to develop a single product and market, resulting in a single operating situation, such as the production of a special inverter suitable for a certain industry.
Since the 21st century, China's inverter industry is highly fragmented. Many foreign brands built factories in China and implemented localized operations. The personnel and funds of the original domestic-funded brands were continuously separated, and many companies were established, mainly concentrated in coastal areas such as Guangdong, Zhejiang, Shandong, and Shanghai.
At present, there are more than 300 inverter manufacturers on the domestic market, and the main brands are also maintained at around 20 to 30. Foreign brands still dominate the Chinese medium and low voltage inverter market. The history of the establishment of most domestic companies in China is not long. Many new products enter the market in a short period of time. It is difficult to compete with long-established international brands in terms of product maturity and brand awareness.
The domestic inverter market started with the entry of foreign brands, and the foreign brands were predominant. The strength of China's inverter supporting industry is relatively weak, and there is a certain gap between domestic brands and foreign brands in terms of technology, manufacturing, industrial design, and the strength of funds. At present, the share of foreign brands in the domestic inverter market is about 70%. Local inverter companies mainly produce V/F control products. For products with superior performance and high technological content, such as vector inverters, most companies in China have not yet developed mature products.
It is understood that foreign brands still dominate the domestic medium and low voltage inverter market. Mainly ABB, Siemens, Fuji Electric, Mitsubishi Electric, Yaskawa Electric, Delta, Schneider, Emerson, Danfoss and other brands, occupy the top 12 low-voltage inverter market in China.
The largest domestic company, Infinity, is already ranked 13th. Other companies are even smaller.
Therefore, China's inverter market is still price-oriented, which may lead to many international brands in the country to promote the inverter model and international differences, but also for the local drive brand development provides a certain opportunity. 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 of accelerating the substitution of foreign brands. Although it does not have the strength to compete with top international brands such as Siemens and ABB, it shows certain competitive advantages in some segmented products and markets, and its market share gradually expands. It is expected that the market share of domestic brands will surpass that of European and American brands in the next few years.
The development of frequency converters is a long way to go due to technical and capital strength and other constraints, resulting in the development of China's inverter "situation." According to industry experts' forecasts, it is understood that in recent years, China's inverter market has maintained a growth rate of 12-15%, and it is expected that it will maintain a growth rate of at least 10% over the next five years. At present, the growth rate of the installed capacity (power) of the upconverter in the Chinese market is actually around 20%. It is expected that at least 10 years later, the inverter market will become saturated and gradually mature.
Inverters have been unprecedentedly developed and applied in the fields of cement, elevators, printing, electric power, and other modernizations as well as medicine, communications, transportation, transportation, electric power, electronics, and environmental protection. Almost all industries in the national economy are inseparable from inverters. From the standpoint of product advantages, through high-quality control of motor speed and improvement of manufacturing process standards, inverters will not only help improve the level of manufacturing processes, especially in the field of fine processing, but also can effectively save energy, and are currently the most ideal and promising. Motor energy-saving equipment.
With the introduction of the Twelfth Five-Year Plan, inverters will be able to go hand in hand with power electronics technology, motor control methods, and automation control levels to achieve common development. This confirms the old saying: The prospects are good, and the road ahead is rugged. China's inverter industry will certainly take the opportunity to break the current development bottleneck and usher in the spring of the industry!
We are optimistic about the technology of Huichuan, the company is positioned in low-end high-end products, improve the industrial automation control system industry chain, support the company's rapid growth, give overweight rating; optimistic about Invensys, low-voltage inverter to the horizontal expansion of high-voltage inverter, the company's servo system The development progressed smoothly, giving the company an overweight rating; Rongxin shares a position in reactive power compensation equipment with a market share of more than 50%; MABZ Gas automatically discharges more than 90% of the market share of the equipment, and is based on inverters and MABZ products. The production capacity of RGM products to be developed will soon be released, and the surplus heat power generation system will have sufficient orders, giving the company an overweight rating.
Inverter industry will maintain high-speed growth In 2010, the inverter industry growth rate reached 27.27%, mainly in the low-voltage inverter last year, supply exceeds 30%, the first time there is a higher than the high-voltage inverter growth, high-voltage inverter The growth rate was 22.7%. High-voltage inverter competition intensified, prices continue to decline.
After calculation, the future inverter industry will continue to maintain a rapid growth of about 20%.
Import and substitute space of medium- and low-voltage inverters should not overlook the high-voltage inverter market share of about 30%, medium- and low-voltage inverters account for about 70% of the share, high-voltage inverter domestic brand market share reached 80%, import substitution space is quite small, The medium and low-voltage inverters are all concentrated in low-end products, and the competition is fierce. The domestic brand market share is only about 30%, and it is optimistic about the future to mid-to-high-end alternatives.
Localization of IGBT electronic components drives the cost reduction of inverters The main suppliers of IGBTs are Germany and Japan. At present, some Chinese manufacturers have started to develop and produce IGBTs. The future domesticization of IGBTs will make the main raw material costs of inverters fall.
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