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In 2014, China's medium voltage converter sales are expected to increase, due to the increasing demand for medium voltage inverters in various industries. In America, especially in Latin America, the continued strength of sales in the United States and Canada will drive sales across the americas. China's high voltage electric frequency market, from the number of brands, domestic brands accounted for more than 70%, but the market share is only about 24%.
At present, our country inverter industry supporting strength is relatively weak, the overall look of domestic brands in terms of technology, manufacturing, industrial design or in the capital, there is a wide gap with foreign brands, especially compared with SIEMENS and ABB two big gap more obvious.
In 2014, China's medium voltage converter sales are expected to increase, due to the increasing demand for medium voltage inverters in various industries. In America, especially in Latin America, the continued strength of sales in the United States and Canada will drive sales across the americas. China's high voltage electric frequency market, from the number of brands, domestic brands accounted for more than 70%, but the market share is only about 24%.
Although the market share of domestic brands is expanding rapidly, most of the market is still occupied by more than ten European and American brands and Japanese brands. China's inverter market will be saturated in the next 10 years, during which the annual growth rate of the market will remain at more than 15%.
In the next five years, the demand for medium voltage inverters in various industries will lead to a completely different medium voltage converter market. In a challenging economic environment, these changes will be more important than ever before.
At present, our country inverter industry supporting strength is relatively weak, the overall look of domestic brands in terms of technology, manufacturing, industrial design or in the capital, there is a wide gap with foreign brands, especially compared with SIEMENS and ABB two big gap more obvious. With the rise of local brands, the market share of domestic inverter enterprises is gradually expanding, especially in recent years, there has been a trend of accelerating the substitution of foreign brands.
