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After 10 years, the inverter market will gradually become saturated. At present, China's inverter industry is fiercely competitive. Market development has formed a certain scale. Potential market development is very impressive. The development of frequency inverter technology has brought unprecedented popularity and application of frequency converters in the modernization field. It is believed that the application of frequency converters will be more extensive. The market will have great potential. Inverter companies should use the "12th Five-Year Plan" to save energy and reduce emissions to better establish the concept of energy conservation. The energy-saving performance of the product is further improved, which is very beneficial to the development of the inverter industry.
After experiencing relatively flat development in the first three years, medium voltage inverters have experienced strong growth in 2011. This is not a bad thing compared to other automation products because the medium voltage inverter market has not experienced significant fluctuations in the global economic downturn.
At the same time, globalization has driven market growth and globalization has increased the use of advanced automation and energy-saving equipment worldwide. Therefore, the use of medium-voltage inverters in certain industries will continue to increase, such as energy, infrastructure, mining and metals. Energy suppliers expect that such market demand will not be met, which has accelerated the application of medium-voltage inverters. Emerging markets will continue to be the main driver for the growth of the medium voltage drive market because they are continuously improving their power generation capacity and expanding industrial production. The market demand brought about by the economic growth of emerging countries and the ambition to become more competitive in the global product quality are the main factors for the increase in the market demand for medium-voltage inverters.
Infrastructure development trends Globalization brings great potential for modern infrastructure, especially in emerging economies. Airport facilities and new road construction have driven demand for metal and mining, cement and glass, and oil and gas industry products. At present, infrastructure is a major bottleneck in the development of emerging economies. Automation is the key to breaking this bottleneck, and medium-voltage inverter is one of the main devices for automation.
In 2012, the strong increase in sales of medium voltage inverters in North America offset the weakness in the Chinese market, which led to a 6% increase in sales of medium voltage inverters worldwide, reaching 26 billion. In the latest IHS medium voltage inverter research, sales of medium voltage inverters in 2013 are expected to increase to 8%, which is widely affected by the growth rate of regional divergence.
In North America, the unconventional energy revolution in natural gas and oil has led to an increase in the sales of medium voltage inverters in the oil and gas industry in the United States. IHS predicts that sales of medium-voltage inverters in the Americas will increase by more than 14.5% in 2013 and will exceed 9.5% in 2014. The US medium-voltage inverter market is highly dependent on the oil and gas industry's operating model. In 2012, IHS forecasted that more than 35% of U.S. medium voltage inverter sales were in the oil and gas industry. This forecast is complicated because it is predicted that sales of medium-voltage inverters into upstream, midstream and downstream applications will diverge between 2013 and 2017.
In the Asia-Pacific region, China occupied two-thirds of the medium-voltage inverter market in 2012, and about one-third of the rest of Asia. In 2012, the sales of medium-voltage inverters, which are widely divergent, have shown growth in various regions. In China, overcapacity of metals, cement, and shipbuilding led to a weaker sales of medium-voltage inverters in 2012, while other regions in Asia have experienced rapid growth of medium-voltage inverters, benefiting from sales in Southeast Asia.
In 2014, sales of medium-voltage inverters in China are expected to increase, due to the demand of medium-voltage inverters in various industries. However, in the Americas, especially in Latin America, the continuing strong sales in the United States and Canada will drive sales throughout the Americas.
Today, the industrial industry has always been committed to improving energy efficiency, which has become a top priority. In order to cope with the unstable energy supply, energy management programs must be readjusted. The medium voltage inverter is a key tool for achieving energy saving goals. Industrial and commercial energy efficiency issues have become more and more noticeable. The scarcity of energy, the increase in prices, and the demand for sustainable manufacturing all indicate the good momentum of development of medium-voltage inverters. In the challenging economic environment, it is expected that the medium voltage inverter will maintain high growth in the next few years.
After experiencing relatively flat development in the first three years, medium voltage inverters have experienced strong growth in 2011. This is not a bad thing compared to other automation products because the medium voltage inverter market has not experienced significant fluctuations in the global economic downturn.
At the same time, globalization has driven market growth and globalization has increased the use of advanced automation and energy-saving equipment worldwide. Therefore, the use of medium-voltage inverters in certain industries will continue to increase, such as energy, infrastructure, mining and metals. Energy suppliers expect that such market demand will not be met, which has accelerated the application of medium-voltage inverters. Emerging markets will continue to be the main driver for the growth of the medium voltage drive market because they are continuously improving their power generation capacity and expanding industrial production. The market demand brought about by the economic growth of emerging countries and the ambition to become more competitive in the global product quality are the main factors for the increase in the market demand for medium-voltage inverters.
Infrastructure development trends Globalization brings great potential for modern infrastructure, especially in emerging economies. Airport facilities and new road construction have driven demand for metal and mining, cement and glass, and oil and gas industry products. At present, infrastructure is a major bottleneck in the development of emerging economies. Automation is the key to breaking this bottleneck, and medium-voltage inverter is one of the main devices for automation.
In 2012, the strong increase in sales of medium voltage inverters in North America offset the weakness in the Chinese market, which led to a 6% increase in sales of medium voltage inverters worldwide, reaching 26 billion. In the latest IHS medium voltage inverter research, sales of medium voltage inverters in 2013 are expected to increase to 8%, which is widely affected by the growth rate of regional divergence.
In North America, the unconventional energy revolution in natural gas and oil has led to an increase in the sales of medium voltage inverters in the oil and gas industry in the United States. IHS predicts that sales of medium-voltage inverters in the Americas will increase by more than 14.5% in 2013 and will exceed 9.5% in 2014. The US medium-voltage inverter market is highly dependent on the oil and gas industry's operating model. In 2012, IHS forecasted that more than 35% of U.S. medium voltage inverter sales were in the oil and gas industry. This forecast is complicated because it is predicted that sales of medium-voltage inverters into upstream, midstream and downstream applications will diverge between 2013 and 2017.
In the Asia-Pacific region, China occupied two-thirds of the medium-voltage inverter market in 2012, and about one-third of the rest of Asia. In 2012, the sales of medium-voltage inverters, which are widely divergent, have shown growth in various regions. In China, overcapacity of metals, cement, and shipbuilding led to a weaker sales of medium-voltage inverters in 2012, while other regions in Asia have experienced rapid growth of medium-voltage inverters, benefiting from sales in Southeast Asia.
In 2014, sales of medium-voltage inverters in China are expected to increase, due to the demand of medium-voltage inverters in various industries. However, in the Americas, especially in Latin America, the continuing strong sales in the United States and Canada will drive sales throughout the Americas.
Today, the industrial industry has always been committed to improving energy efficiency, which has become a top priority. In order to cope with the unstable energy supply, energy management programs must be readjusted. The medium voltage inverter is a key tool for achieving energy saving goals. Industrial and commercial energy efficiency issues have become more and more noticeable. The scarcity of energy, the increase in prices, and the demand for sustainable manufacturing all indicate the good momentum of development of medium-voltage inverters. In the challenging economic environment, it is expected that the medium voltage inverter will maintain high growth in the next few years.
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