DS215SDCCG1AZZ01A Inverter through the application of frequency conversion technology and microelectronics technology to adjust the motor frequency conversion speed regulation, soft start, energy saving and other functions, in addition to the frequency converter can also be connected to the PLC for more accurate and effective control, plays an important role in industrial automation.

Market size analysis

DS215SDCCG1AZZ01A With the continuous expansion of domestic industrial production scale, the overall market size of China’s inverter industry is growing. According to the “2024-2029 China low-voltage inverter industry Outlook Forecast and strategic Investment Opportunity Analysis Report” released by the China Business Industry Research Institute,

DS215SDCCG1AZZ01A

DS215SDCCG1AZZ01A the overall economy has recovered since 2022, and with the steady growth of investment and the return of export orders, the overall low-voltage inverter market has performed well. In 2022, China’s low-voltage inverter market size reached 29 billion yuan. China Business Industry Research Institute analysts predict that by 2024, China’s industrial automation market will increase to 32 billion yuan.

Competitive pattern analysis

DS215SDCCG1AZZ01A In 2022, among the top ten enterprises of low-voltage inverter in China, the total market share of foreign enterprises is 56.9%, of which ABB and Siemens have a market share of 19% and 16.1% respectively, ranking first and third. Domestic companies Huichuan Technology, Delta Electronics and Inwitten entered the top 10 with 18.6 percent, 5.6 percent and 5.3 percent of the market share, respectively, with Huichuan Technology ranking second.