Since the frequency converter has functions such as speed regulation, it has certain advantages in the field of energy saving. According to calculations, the power saving rate of motor systems using frequency converters generally reaches about 30%, and can reach 40% to 60% in some higher occasions, and the energy saving effect is significant. Various machinery industries have continuously increased their requirements for energy conservation and environmental protection, and the inverter industry with energy-saving effects has become popular in the market relying on green environmental protection.
Industry insiders pointed out that with the promotion of the concept of energy conservation and environmental protection, the market development of the inverter industry is gradually promising, and my country's inverter market has maintained a growth rate of 12% to 15% in recent years. Data show that during the "Twelfth Five-Year Plan" period, my country's investment in environmental protection will reach 3.1 trillion yuan. It is expected that by 2015, the total output value of my country's energy conservation and environmental protection industry will reach 5.3 trillion yuan, equivalent to 8% to 10% of GDP in the same period.
Behind the huge market demand, my country's inverter industry capabilities and levels are still relatively low, mainly because the industry started late, and the market only gradually opened up under the background of energy conservation and environmental protection. In the extremely fierce market competition, some companies have adopted some irrational competition methods to gain more market share by lowering the price of frequency converters and other competitive methods.
However, although the high-end technology field of my country's inverter industry has not yet fully achieved breakthroughs, with the impact of overseas inverter companies, people's quality and performance requirements for inverters are also constantly increasing. my country's inverter companies should deeply realize that in today's fierce market competition, only by improving the company's scientific and technological strength is an important tool for industry development and a magic weapon to win market share.
Under globalization, companies from various countries are competing for more market shares. For the domestic inverter industry to win the market, it must first get rid of the quagmire of price competition. Only by improving the scientific and technological strength of enterprises can they seek broader development space. In the future, market competition will continue to intensify. If companies still pursue development in the same way, they will eventually be forced to withdraw from the market.
The next 10 years will be a decade of both challenges and opportunities, and will also be a decade of breakthrough development for China's inverter industry. The current growth rate of the installed capacity (power) of frequency converters in the Chinese market is actually around 20%, and the potential market space is approximately 120 billion to 180 billion yuan. Among them, low-voltage inverters account for about 60% of the market share, and the remaining 40% are occupied by medium and high-voltage inverters.