China's medium voltage inverter sales are expected to increase in 2014
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.
China's inverter market will not reach saturation until the next 10 years, 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 push forward these changes.
At present, the strength of China's inverter supporting industry is relatively weak. Generally speaking, domestic brands are not only in terms of technology, processing and manufacturing, industrial design, but also in terms of capital strength, both of them have gaps with foreign brands, especially compared with Siemens and ABB.
With the rise of local brands, the market share of domestic inverter enterprises is gradually expanding, especially in recent years, there has been a trend of accelerating the replacement of foreign brands.