Inverter market: small domestic brand share

The frequency converter can make the energy-saving rate of the motor system reach 30% or even 40% to 60%. In the next few years, the demand for low-voltage inverters will maintain a growth rate of more than 20%, and the high-voltage inverter industry will maintain a growth rate of more than 40%.

Insulated gate bipolar transistors (IGBTs) are the core components of inverters. At present, the domestic IGBT market is still dominated by foreign-funded enterprises, and enterprises with technological advantages are expected to take the lead in import substitution. Hua Microelectronics has achieved mass production of IGBTs, becoming the first listed company that has broken through the manufacturing of IGBT chips; Taiji Group is a leading domestic high-power semiconductor device company and is developing IGBT packaging technology.

China's inverter market is currently in a period of rapid growth and has been widely used in textile machinery, air conditioning, elevators, and metallurgical industries. The frequency converter market in China has maintained a relatively high growth rate in the past few years.

According to calculations, according to the needs of the Chinese market, the market will become saturated and gradually mature after at least 10 years. Therefore, China's inverter market has a broad space for development. From the perspective of market structure, the market share of domestic brands in China's market only accounts for 20% to 25%. Although domestic inverters have Inventronics, Incheon technology, etc., compared with foreign well-known brands, there is still a big gap, domestic brands Import substitution is huge.

From the point of view of company growth in the industry, the first half of the year has achieved good growth. This is also an important reason for the intensive investigation of institutions after the semi-annual report. Some analysts pointed out that since the first half of the year China's macro economy has been biased towards weaknesses. Nevertheless, from the semi-annual report recently disclosed by listed companies in the industry, the actual development of market development exceeds market expectations. Taking the inverter industry as an example, listed companies such as Inventronics and Huichuan Technology have disclosed semi-annual reports in August. Both Huichuan Technologies and Invensys have achieved high net profit growth.