China's high-voltage frequency converters have a vast area of ​​average annual growth rate of more than 40%
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Driven by the implementation of the national energy conservation policy and the intrinsic needs of large and medium-sized industrial enterprises in reducing energy consumption, the high-voltage inverter market has seen explosive growth in recent years, with an average annual growth rate of more than 40%, and the future is very promising. Sixty-six percent of China’s total electricity is consumed on electric motors, and China’s current installed total electric motor capacity has exceeded 400 million kW, of which high-voltage motors account for about half. At the same time, nearly 70% of the loads in high-voltage motors are fans, pumps, and compressors. Half of them are suitable for speed control. In other words, about 75 million kW of high-voltage motors are in a state of wasting. China's high-voltage inverter market is still in its infancy, which is different from the situation in Europe, the United States and Japan where the energy-saving market is basically saturated.
Our country studied the Soviet Union in the fifties, leaving a lot of margin in industrial design and forming a huge energy-saving market. Therefore, even a foreign-funded company that already has strong capabilities is difficult to obtain a monopoly position in China's high-voltage frequency converter market, and in addition, it may be dissatisfied with it. Therefore, China's high-voltage inverter manufacturers still have better room for development.
Therefore, the huge growth space and the current rapid growth trend of China's high-voltage frequency converter market bring good development opportunities for domestic companies in China, and the differences in concepts such as the localization services of foreign-funded enterprises also provide conditions for strengthening the advantages of Chinese local enterprises. These provide good opportunities for the future development of high-voltage inverter companies in China.