Global power inverter market analysis

Asia is the fastest economy in the world, and the country’s infrastructure construction will continue to accelerate, so it will bring unlimited business opportunities to all types of manufacturing industries.

The rapid economic growth is accompanied by a multiple growth in energy consumption. Future population growth and continued industrialization will only lead to rising energy demand and costs. Energy is one of the most important components of the industrial cost structure, so companies are actively seeking the most appropriate energy efficiency solutions. The eager desire of manufacturers to reduce energy costs and energy consumption directly drives the growth of the high-power inverter market.

Inverter is the application of frequency conversion technology and microelectronics technology, by changing the frequency of motor power supply to control the AC motor power control equipment. With the growth of the global economy, developing economies in Asia will need more energy and basic materials, which will promote the production of electricity, oil and gas, chemicals, paper and steel. In addition, the increased demand for more metals, petroleum, natural gas and mineral resources has also led to the application of automation and high-power frequency converters. According to relevant reports, Asia is the largest market for high-power inverters and accounts for 42% of the annual revenue of the overall inverter market.

The economic turmoil in some European countries has caused uncertainty in the global economy. The slowdown in China's growth rate has also had a negative impact on the market in 2012. Market demand for power and automation solutions in Asia will continue to increase in 2012 and beyond, and the market has played a positive role in building new power facilities, upgrading existing power facilities, and increasing industrial efficiency and productivity.

However, in the market where the economy is in a period of rapid growth, the requirements for energy conservation are also increasing. The use of high-power inverters in the field of energy conservation and environmental protection is an inevitable trend.