China's local medium voltage inverter only accounts for 24% of the market share
Compared with foreign products, the domestic inverter supporting industry, including product technology, manufacturing and design, is still slightly weak and cannot compare with foreign products.
In 2014, the sales volume of medium voltage inverters in China is expected to increase, which is due to the increasing demand for medium voltage inverters in various industries.
In the Americas, especially in Latin America, the continued strength of sales in the United States and Canada will drive sales throughout the Americas.
In China's high voltage frequency converter market, domestic brands account for more than 70% in terms of brand number, but the market share is only about 24%.
Although the market share of domestic brands is expanding rapidly, most of the market is still occupied by more than ten European and American brands and Japanese brands.
It is expected that after 10 years, China's inverter market will reach saturation, during which the annual growth rate of the market will remain above 15%.
In the next five years, the demand for medium voltage inverters in various industries will lead to a completely different market for medium voltage inverters.
In a challenging economic environment, it will be more important than ever to promote these changes, which may occur in the future or meet a completely different inverter market.